TAE POWER SOLUTIONS LIMITED
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Next accounts due
2026-09-25 (in 4mo)
Last filed for 2024-12-25
Confirmation statement due
2026-07-11 (in 2mo)
Last made up 2025-06-27
Watchouts
None on the register
Cash
£82K
-83.8% vs 2023
Net assets
-£58M
-42.3% vs 2023
Employees
163
-21.3% vs 2023
Profit before tax
-£18M
+49.7% vs 2023
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · latest reflected 2024-12-25
| Metric | Trend | 2022-12-27 | 2023-12-25 | 2024-12-25 |
|---|---|---|---|---|
| Turnover | — | £3,688,770 | £1,387,887 | |
| Operating profit | — | -£25,340,945 | -£16,126,488 | |
| Profit before tax | — | -£35,116,173 | -£17,655,877 | |
| Net profit | — | -£35,148,155 | -£17,087,606 | |
| Cash | — | £508,109 | £82,195 | |
| Total assets less current liabilities | — | -£12,480,995 | -£12,842,974 | |
| Net assets | — | -£40,729,341 | -£57,959,339 | |
| Equity | -£1,970,996 | -£40,729,341 | -£57,959,339 | |
| Average employees | — | 207 | 163 | |
| Wages | — | £13,721,965 | £10,940,996 | |
| Directors' remuneration | — | £127,083 | — |
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 2024-12-25 vs 2023-12-25
-
Turnover
-62.4%
£3,688,770 £1,387,887
-
Cash
-83.8%
£508,109 £82,195
-
Net assets
-42.3%
-£40,729,341 -£57,959,339
-
Employees
-21.3%
207 163
-
Operating profit
+36.4%
-£25,340,945 -£16,126,488
-
Profit before tax
+49.7%
-£35,116,173 -£17,655,877
-
Wages
-20.3%
£13,721,965 £10,940,996
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 | 2022-12-27 | 2023-12-25 | 2024-12-25 |
|---|---|---|---|---|
| Return on capital employed | — | 203.0% | 125.6% | |
| Current ratio | — | 0.21x | 0.09x | |
| Interest cover | — | -28.50x | -8.68x |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- TAE POWER SOLUTIONS LIMITED 2023-01-23 → present
- GATTECHA LTD 2021-06-28 → 2023-01-23
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- TC Group
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“As at 25 December 2024 the group's liabilities exceeded its assets by £57,959,339. The group is financed by its ultimate parent company, and is dependent upon the continued support of the ultimate parent company and its investors. With this support, the directors have reasonable expectation that the group has adequate resources and funding in place to continue in operational existence for the foreseeable future and pay its liabilities as they fall due. The directors consider the going concern assumption to still be appropriate.”
Group structure
- TAE POWER SOLUTIONS LIMITED · parent
- TAE Power Solutions Engineering Limited 100%
- TAE Power Solutions Manufacturing Limited 100%
- TAE Power Solutions Prague s.r.o. 100%
Significant events
- “During the financial period, the group divested its non-core operations, with a customer acquiring the wiring harness element of the group in June 2024.”
- “In November 2024, the group completed an internal restructure, which saw the UK headcount reduce to 75 employees as we look to right-size the business and its operations to maximise potential and reduce ongoing fixed costs.”
- “On 1 August 2025 TAE Power Solutions Prague s.r.o was formally liquidated.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BAREKET, Ran | Director | 2024-01-11 | Aug 1966 | American |
| MILTON, Graeme Scott | Director | 2026-01-28 | Feb 1982 | British |
| PATEL, Simon | Director | 2026-01-28 | Jun 1982 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FROST, Richie | Director | 2022-01-31 | 2023-05-24 |
| KADRI, Romi | Director | 2022-01-31 | 2022-12-31 |
| MUNIPELLA, Kedar | Director | 2022-12-31 | 2026-01-28 |
| ROBERTS, David | Director | 2021-06-28 | 2024-01-11 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Richie Frost | Individual | Shares 25–50%, Voting 25–50% | 2022-01-31 | Ceased 2022-09-01 |
| Tae Technologies Inc | Corporate entity | Shares 75–100%, Voting 75–100% | 2021-08-28 | Ceased 2023-03-06 |
| Mr David Roberts | Individual | Shares 75–100%, Appoints directors | 2021-06-28 | Ceased 2021-08-28 |
Filing timeline
Last 20 of 38 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-06-21 MA Memorandum articles
- 2023-06-21 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-10 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-10 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-01 | AA | accounts | Accounts with accounts type group | |
| 2025-07-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-22 | AA | accounts | Accounts with accounts type group | |
| 2024-12-17 | AA01 | accounts | Change account reference date company previous shortened | |
| 2024-09-23 | AA01 | accounts | Change account reference date company previous shortened | |
| 2024-07-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-26 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-26 | TM01 | officers | Termination director company with name termination date | |
| 2023-07-31 | AA | accounts | Accounts with accounts type group | |
| 2023-07-06 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-06-21 | MA | incorporation | Memorandum articles | |
| 2023-06-21 | RESOLUTIONS | resolution | Resolution | |
| 2023-06-09 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2023-06-08 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-06-08 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-05-31 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-05-24 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 1
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.