EXCHANGER INDUSTRIES UK LIMITED
Get an alert when EXCHANGER INDUSTRIES UK LIMITED files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-12-01 (in 7mo)
Last made up 2025-11-17
Watchouts
None on the register
Cash
£3M
-16.7% vs 2023
Net assets
£12M
+3.7% highest in 4 filed years
Employees
276
+31.4% highest in 4 filed years
Profit before tax
£2M
-13.3% vs 2023
Net assets
5-year trend · vs Industrials median
Accounts
5-year trend · latest reflected 2024-12-31
| Metric | Trend | 2021-12-31 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Turnover | — | — | — | £47,070,729 | £39,530,623 | |
| Operating profit | — | — | — | £3,433,549 | £2,959,045 | |
| Profit before tax | — | — | — | £2,673,351 | £2,316,723 | |
| Net profit | -£379,434 | £66,553 | — | £645,385 | £720,052 | |
| Cash | £50,652 | £169,896 | — | £3,163,384 | £2,634,692 | |
| Total assets less current liabilities | £18,427,717 | £17,873,874 | — | £13,984,448 | £19,830,990 | |
| Net assets | £9,831,220 | £9,897,773 | — | £11,970,146 | £12,411,195 | |
| Equity | £9,831,220 | £9,897,773 | £9,897,773 | £11,970,146 | £12,411,195 | |
| Average employees | 2 | 2 | — | 210 | 276 | |
| Wages | — | — | — | £5,744,067 | £6,719,084 | |
| Directors' remuneration | — | — | — | £1,209,078 | £2,120,844 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-16%
£47,070,729 £39,530,623
-
Cash
-16.7%
£3,163,384 £2,634,692
-
Net assets
+3.7%
£11,970,146 £12,411,195
highest in 4 filed years
-
Employees
+31.4%
210 276
highest in 4 filed years
-
Operating profit
-13.8%
£3,433,549 £2,959,045
-
Profit before tax
-13.3%
£2,673,351 £2,316,723
-
Wages
+17%
£5,744,067 £6,719,084
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2021-12-31 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | — | — | — | 7.3% | 7.5% | |
| Net margin | — | — | — | 1.4% | 1.8% | |
| Return on capital employed | — | — | — | 24.6% | 14.9% | |
| Current ratio | — | — | — | 0.97x | 1.44x | |
| Interest cover | — | — | — | 4.36x | 4.47x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Wilder Coe Ltd
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on the going concern basis which assumes that the Group and Company will continue in operational existence for a period of at least 12 months following the approval of these financial statements”
Group structure
- EXCHANGER INDUSTRIES UK LIMITED · parent
- HRS Investments Ltd 100%
- Heatexchangerspares.com Limited 100%
- HRS Hevac Limited 100%
- HRS Heat Exchangers NZ Limited 100%
- HRS Heat Exchangers Limited 100%
- HRS International Limited 100%
- HRS Heat Exchangers, S.L.U. 100%
- HRS Heat Exchangers Sdn. Bhd. 100%
- HRS Heat Exchangers Pty Ltd 100%
- HRS Process Systems Ltd. 86%
- HRS Process Technology, Inc. 100%
Significant events
- “The Group experienced growth in many of its key markets during 2024, except in India, where reduced investments by customers in key segments of the food & beverage, chemical, and pharmaceutical industries resulted in lower overall revenue for the year.”
- “The Company was incorporated on the 20th November 2020. On the 20th July 2021, the Company purchased a 100% shareholding in HRS Investments Ltd, along with a 14% shareholding in HRS Process Systems Ltd. The purchase of these investments was financed by the issue of shares, a long-term bank loan, and other third-party short-term loans.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| THOMAS, John | Director | 2020-11-20 | May 1970 | American |
| WILLIAMSON, David Simon | Director | 2023-04-19 | Oct 1957 | British |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| EL BAROUDI, Mark | Director | 2020-11-20 | 2025-02-17 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Exchanger Industries Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-11-20 | Ceased 2020-11-20 |
Filing timeline
Last 20 of 25 total filings
Material constitutional events — rename, articles re-file, resolution
- 2021-08-04 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-24 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-03-24 | CH01 | officers | Change person director company with change date | |
| 2025-12-02 | AA | accounts | Accounts with accounts type group | |
| 2025-11-17 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-03-05 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-04 | AA | accounts | Accounts with accounts type full | |
| 2024-12-27 | AA01 | accounts | Change account reference date company previous shortened | |
| 2024-11-27 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-11-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-10-02 | AA | accounts | Accounts with accounts type group | |
| 2023-06-26 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-05-15 | AA | accounts | Accounts with accounts type full | |
| 2023-04-27 | AP01 | officers | Appoint person director company with name date | |
| 2023-01-18 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-01-18 | SH01 | capital | Capital allotment shares | |
| 2023-01-18 | SH01 | capital | Capital allotment shares | |
| 2022-09-26 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-01-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-01-18 | AA01 | accounts | Change account reference date company previous extended | |
| 2021-08-04 | RESOLUTIONS | resolution | Resolution |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.