TPI COMPOSITES UK COMPANY LIMITED
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Cash
£119K
+163.9% highest in 3 filed years
Net assets
-£503K
-181.1% lowest in 3 filed years
Employees
6
+100% highest in 3 filed years
Profit before tax
-£337K
-36.6% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
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Material uncertainty over going concern
Management has evaluated the impact of these conditions and events on the Company's ability to continue as a going concern within one year after the date that these financial statements are issued. These conditions raise substantial doubt about the Company's ability to continue as a going concern.
-
Going-concern uncertainty disclosed
-
Negative shareholders' funds
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2022-12-31 | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £50,983 | £249,546 | £846,504 | +239.2% | |
| Operating profit | -£156,816 | -£246,844 | — | — | |
| Profit before tax | -£156,810 | -£246,844 | -£337,180 | -36.6% | |
| Net profit | -£156,810 | -£246,844 | -£350,578 | -42% | |
| Cash | £46,911 | £45,091 | £119,011 | +163.9% | |
| Total assets less current liabilities | £43,449 | -£178,764 | — | — | |
| Net assets | £43,449 | -£178,764 | — | — | |
| Equity | £43,449 | -£178,764 | -£502,576 | -181.1% | |
| Average employees | 2 | 3 | 6 | +100% | |
| Wages | £28,209 | £295,937 | £928,192 | +213.6% | |
| Directors' remuneration | — | — | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. 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 |
|---|---|---|---|---|
| Operating margin | — | -98.9% | — | |
| Net margin | — | -98.9% | -41.4% | |
| Return on capital employed | -360.9% | — | — | |
| Gearing (liabilities / total assets) | 41.7% | 147.2% | — | |
| Current ratio | 2.40x | 0.68x | 0.63x |
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. 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.
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Ecovis Wingrave Yeats LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“Management has evaluated the impact of these conditions and events on the Company's ability to continue as a going concern within one year after the date that these financial statements are issued. These conditions raise substantial doubt about the Company's ability to continue as a going concern.”
Significant events
- “On August 11, 2025 (the "Petition Date"), TPI Composites, Inc. (the "TPI Parent Company") and certain of its direct and indirect subsidiaries that are registered in the United States (collectively with the TPI Parent Company, the "Company Parties" or the "Debtors") each filed voluntary petitions for relief under chapter 11 of title 11 of the United States Bankruptcy Code.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SIWEK, William Eugene | Director | 2022-01-19 | Oct 1962 | American |
| STROO, Charles Paul | Director | 2025-03-01 | Oct 1975 | American |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Tpi Composites Inc. | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-01-19 | Active |
Filing timeline
Last 11 of 11 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-08 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-06-08 | AA | accounts | Accounts with accounts type full | |
| 2026-01-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-07 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-03 | AA | accounts | Accounts with accounts type full | |
| 2025-01-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-16 | AA | accounts | Accounts with accounts type small | |
| 2023-02-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-01-21 | AA01 | accounts | Change account reference date company current shortened | |
| 2022-01-19 | NEWINC | incorporation | Incorporation company |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.