TGM INDUSTRIAL GROUP LTD
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Next accounts due
2027-09-30 (in 1y)
Last filed for 2025-12-31
Confirmation statement due
2027-01-18 (in 8mo)
Last made up 2026-01-04
Watchouts
None on the register
Cash
£640K
+7.5% vs 2024
Net assets
£3M
+100.1% vs 2024
Employees
128
-31.6% vs 2024
Profit before tax
£2M
-15.2% vs 2024
Net assets
4-year trend · vs Consumer Discretionary median
Accounts
4-year trend · latest reflected 2025-12-31
| Metric | Trend | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|
| Turnover | — | — | £19,411,395 | £15,147,135 | |
| Operating profit | — | — | £1,986,058 | £1,652,068 | |
| Profit before tax | — | — | £1,798,712 | £1,525,419 | |
| Net profit | — | — | £1,381,228 | £1,299,821 | |
| Cash | — | — | £595,932 | £640,335 | |
| Total assets less current liabilities | — | — | £3,463,234 | £4,655,198 | |
| Net assets | — | — | £1,668,813 | £3,339,734 | |
| Equity | -£5,924 | £10,569 | £1,668,813 | £3,339,734 | |
| Average employees | — | — | 187 | 128 | |
| Wages | — | — | £5,396,191 | £4,030,384 | |
| Directors' remuneration | — | — | £27,500 | — |
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
-22%
£19,411,395 £15,147,135
-
Cash
+7.5%
£595,932 £640,335
-
Net assets
+100.1%
£1,668,813 £3,339,734
-
Employees
-31.6%
187 128
-
Operating profit
-16.8%
£1,986,058 £1,652,068
-
Profit before tax
-15.2%
£1,798,712 £1,525,419
-
Wages
-25.3%
£5,396,191 £4,030,384
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 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|
| Operating margin | — | — | 10.2% | 10.9% | |
| Net margin | — | — | 7.1% | 8.6% | |
| Return on capital employed | — | — | 57.3% | 35.5% | |
| Gearing (liabilities / total assets) | — | — | 81.7% | 62.0% | |
| Current ratio | — | — | 1.00x | 1.32x | |
| Interest cover | — | — | 10.43x | 13.01x |
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
- Rusling & Co, Statutory Auditor
- Audit opinion
- Unaudited (audit-exempt)
- Going concern
- Affirmed
“The net liabilities of the company exceed its net assets at the balance sheet date. As such, the company is technically insolvent. It is, however, the opinion of the Directors that the Group continues to be a Going Concern. This conclusion has been reached with reference to forecast cashflows that cover a period of 12 months from the date at which the Financial Statements have been approved. Ongoing contact with funders continue to be positive, and there are no forecast issues with future financing. In addition, as can be seen in the Consolidated Income Statement, some unprofitable operations have ceased and continuing operations were profitable in the year.”
Group structure
- TGM INDUSTRIAL GROUP LTD · parent
- Arrow Butler Castings Ltd 100%
- Fowler and Holden Limited 100%
- GSS Fasteners Limited 100%
- PT Engineers Holdings Ltd 100%
- PT Engineers Limited 100%
- RCF Bolt & Nut (Tipton) Limited 100%
- Fowler and Holden Holdings Limited 100%
- Butler and Britannia Holdings Limited 100%
- RCF and GSS Holdings Limited 100%
- Union Fastners Limited 100%
Significant events
- “On 31st December 2025, we merged GSS into the RCF business.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BOWERING, Elizabeth Claire | Secretary | 2026-03-12 | — | — |
| BROOKSBANK, Timothy Damien | Director | 2022-06-01 | Mar 1969 | British |
| FREWIN, Jonathan Lee | Director | 2021-10-19 | Dec 1965 | British |
| KOLODNER, Eric Arthur | Director | 2021-10-19 | Sep 1966 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ROBERTSHAW, Mark James | Secretary | 2024-04-12 | 2026-03-09 |
| HARRISON, Rupert Knight | Director | 2022-07-01 | 2023-06-01 |
| SPAETH, Chad Michael, Mr. | Director | 2022-06-01 | 2023-07-20 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Jonathan Lee Frewin | Individual | Shares 25–50%, Voting 25–50% | 2021-10-19 | Active |
| Mr Eric Arthur Kolodner | Individual | Shares 25–50%, Voting 25–50% | 2021-10-19 | Active |
Filing timeline
Last 20 of 22 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-11-12 MA Memorandum articles
- 2025-11-12 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-08 | AA | accounts | Accounts with accounts type group | |
| 2026-03-25 | AP03 | officers | Appoint person secretary company with name date | |
| 2026-03-09 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-01-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-11-12 | MA | incorporation | Memorandum articles | |
| 2025-11-12 | RESOLUTIONS | resolution | Resolution | |
| 2025-10-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-23 | AA | accounts | Accounts with accounts type group | |
| 2024-12-31 | AA | accounts | Accounts with accounts type group | |
| 2024-10-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-17 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-11-22 | AA | accounts | Accounts with accounts type group | |
| 2023-11-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-17 | SH01 | capital | Capital allotment shares | |
| 2023-07-23 | TM01 | officers | Termination director company with name termination date | |
| 2023-07-10 | TM01 | officers | Termination director company with name termination date | |
| 2022-10-24 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-07-03 | AP01 | officers | Appoint person director company with name date | |
| 2022-06-14 | AP01 | officers | Appoint person director company with name date | |
| 2022-06-14 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 0
- Officers appointed
- 1
- 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.