STELRAD GROUP PLC
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Next accounts due
2027-06-30 (in 1y)
Last filed for 2025-12-31
Confirmation statement due
2026-10-25 (in 5mo)
Last made up 2025-10-11
Watchouts
None on the register
Cash
£18M
-1.9% vs 2024
Net assets
£53M
-7.3% vs 2024
Employees
727
-2.5% vs 2024
Profit before tax
£10M
-56.9% vs 2024
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2025-12-31
| Metric | Trend | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Turnover | £290,577,000 | £279,598,000 | |
| Operating profit | £31,385,000 | £17,477,000 | |
| Profit before tax | £23,382,000 | £10,074,000 | |
| Net profit | £16,518,000 | £844,000 | |
| Cash | £18,633,000 | £18,279,000 | |
| Total assets less current liabilities | £143,670,000 | £139,807,000 | |
| Net assets | £57,593,000 | £53,380,000 | |
| Equity | £57,593,000 | £53,380,000 | |
| Average employees | 746 | 727 | |
| Wages | £44,815,000 | £44,196,000 | |
| Directors' remuneration | £1,735,000 | £1,394,000 |
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
FY2024 → FY2025 · period ending 2025-12-31 vs 2024-12-31
-
Turnover
-3.8%
£290,577,000 £279,598,000
-
Cash
-1.9%
£18,633,000 £18,279,000
-
Net assets
-7.3%
£57,593,000 £53,380,000
-
Employees
-2.5%
746 727
-
Operating profit
-44.3%
£31,385,000 £17,477,000
-
Profit before tax
-56.9%
£23,382,000 £10,074,000
-
Wages
-1.4%
£44,815,000 £44,196,000
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 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Operating margin | 10.8% | 6.3% | |
| Net margin | 5.7% | 0.3% | |
| Return on capital employed | 21.8% | 12.5% | |
| Gearing (liabilities / total assets) | 73.9% | 74.2% | |
| Current ratio | 1.91x | 1.92x | |
| Interest cover | 3.83x | 2.31x |
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
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Board has considered the viability of the Group for the next three years to December 2028, taking into account the Group's principal risks, current trading performance and future prospects, as well as the potential impact of the principal risks currently facing the Group. The three year period chosen is one for which the Board considers it has a reasonable degree of accuracy and certainty.”
Group structure
- STELRAD GROUP PLC · parent
- Stelrad Group Limited 100%
- Stelrad Radiator Holdings Limited 100%
- Stelrad Limited 100%
- Stelrad Distribution Limited 100%
- Caradon Stelrad BV 100%
- Termo Teknik Holdings Limited 100%
- Radiators SpA 100%
- Caradon Heating CZ SRO 100%
- Noosa Holdings Jersey Limited 100%
Significant events
- “The Group delivered another successive improvement in adjusted operating profit, delivering the third consecutive year of progress in adjusted operating profit.”
- “The Group entered into a new £100 million multi-currency facility in December 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
10 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| JOHNSTON, Richard Alan | Secretary | 2025-09-11 | — | — |
| ARMSTRONG, Nicholas Dawborn Tyrrell | Director | 2021-10-08 | Apr 1986 | British |
| BRUCE, Nicola Gail Alexandra | Director | 2021-10-22 | Jul 1969 | British |
| COFFEY, Martyn | Director | 2026-05-01 | Oct 1962 | British |
| ELLIS, Robert Keith | Director | 2021-10-08 | Sep 1951 | British |
| HARVEY, Trevor Terence | Director | 2021-10-08 | Nov 1956 | British |
| INNES KER, Katherine Christina Mary, Dr | Director | 2024-02-01 | May 1960 | British |
| LAZARUS, Edmund Alfred | Director | 2021-10-08 | Oct 1968 | British |
| PAYNE, Martin Keith | Director | 2021-10-22 | Jul 1965 | British |
| WILCOX, Leigh Antony | Director | 2024-10-01 | Feb 1981 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| COMPUTERSHARE COMPANY SECRETARIAL SERVICES LIMITED | Corporate Secretary | 2021-10-08 | 2025-09-10 |
| BORÉN, Annette | Director | 2023-11-22 | 2024-06-30 |
| LETHAM, George John | Director | 2021-10-08 | 2023-11-22 |
| MILLER, Therese Lynn | Director | 2021-10-22 | 2023-12-31 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 43 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-06-16 RESOLUTIONS Resolution
- 2024-06-03 RESOLUTIONS Resolution
- 2023-06-27 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-01 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-29 | AA | accounts | Accounts with accounts type group | |
| 2025-12-08 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-10-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-11 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-09-11 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-06-16 | RESOLUTIONS | resolution | Resolution | |
| 2025-06-09 | AA | accounts | Accounts with accounts type group | |
| 2024-10-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-01 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-03 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-03 | RESOLUTIONS | resolution | Resolution | |
| 2024-04-19 | AA | accounts | Accounts with accounts type group | |
| 2024-02-01 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-09 | TM01 | officers | Termination director company with name termination date | |
| 2023-11-22 | TM01 | officers | Termination director company with name termination date | |
| 2023-11-22 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-27 | RESOLUTIONS | resolution | Resolution | |
| 2023-06-08 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- 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.