TIERCO GROUP LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-12-02 (in 7mo)
Last made up 2025-11-18
Watchouts
None on the register
Cash
£4M
-6.6% vs 2023
Net assets
£17M
+1% vs 2023
Employees
62
+5.1% vs 2023
Profit before tax
£2M
+30.1% vs 2023
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · latest reflected 2024-12-31
| Metric | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £9,586,366 | £9,999,717 | |
| Operating profit | — | — | — | — | £1,526,247 | £1,744,407 | |
| Profit before tax | — | — | — | — | £1,556,018 | £2,023,765 | |
| Net profit | — | — | — | — | £1,624,852 | £1,977,302 | |
| Cash | — | — | — | — | £4,542,457 | £4,240,909 | |
| Total assets less current liabilities | — | — | — | — | £17,850,777 | £18,351,337 | |
| Net assets | — | — | — | — | £17,072,451 | £17,243,753 | |
| Equity | £2,355,763 | £3,647,114 | £8,081,182 | £6,005,895 | £17,072,451 | £17,243,753 | |
| Average employees | — | — | — | — | 59 | 62 | |
| Wages | — | — | — | — | £1,857,715 | £1,919,702 | |
| Directors' remuneration | — | — | — | — | £120,000 | £180,000 |
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
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+4.3%
£9,586,366 £9,999,717
-
Cash
-6.6%
£4,542,457 £4,240,909
-
Net assets
+1%
£17,072,451 £17,243,753
-
Employees
+5.1%
59 62
-
Operating profit
+14.3%
£1,526,247 £1,744,407
-
Profit before tax
+30.1%
£1,556,018 £2,023,765
-
Wages
+3.3%
£1,857,715 £1,919,702
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 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 15.9% | 17.4% | |
| Net margin | — | — | — | — | 16.9% | 19.8% | |
| Return on capital employed | — | — | — | — | 8.6% | 9.5% | |
| Gearing (liabilities / total assets) | — | — | — | — | 13.8% | 20.2% | |
| Current ratio | — | — | — | — | 3.88x | 2.35x | |
| Interest cover | — | — | — | — | — | 3348.19x |
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.
Name history
Renamed 1 time since incorporation
- TIERCO GROUP LIMITED 2025-06-20 → present
- PHOENIX JAMES LIMITED 2018-11-19 → 2025-06-20
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Cooper Parry Audit (Ireland) Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's and the Parent Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- TIERCO GROUP LIMITED · parent
- Seating Matters Ltd 100%
- Tierco Ltd 100%
- Yenreit Investments Limited 100%
Significant events
- “Interim dividends totalling £303,000 (2023: £871,500) were paid out during the year.”
- “The group is currently undertaking research and development projects covering new products and process improvement.”
- “The audit business of Cavanagh Kelly was acquired by Cooper Parry Audit (Ireland) Limited on 24th July 2025. Cavanagh Kelly has resigned as auditor and Cooper Parry Audit (Ireland) Limited has been appointed in its place.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| TIERNEY, Martin | Secretary | 2018-11-19 | — | — |
| TIERNEY, James Ryan | Director | 2018-11-19 | Jun 1988 | Northern Irish |
| TIERNEY, Jonathan Jospeh | Director | 2018-11-19 | Dec 1986 | Irish |
| TIERNEY, Martin | Director | 2018-11-19 | Nov 1989 | Irish |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ryan Tierney Holdings Ltd | Corporate entity | Shares 25–50%, Voting 25–50%, Appoints directors | 2019-11-07 | Active |
| Chairman Investments Limited | Corporate entity | Shares 25–50%, Voting 25–50%, Appoints directors | 2019-11-07 | Active |
| Martin Tierney Ltd | Corporate entity | Shares 25–50%, Voting 25–50%, Appoints directors | 2019-11-07 | Active |
| Mr James Ryan Tierney | Individual | Shares 25–50%, Voting 25–50% | 2018-11-19 | Ceased 2019-11-07 |
| Mr Jonathan Jospeh Tierney | Individual | Shares 25–50%, Voting 25–50% | 2018-11-19 | Ceased 2019-11-07 |
| Mr Martin Tierney | Individual | Shares 25–50%, Voting 25–50% | 2018-11-19 | Ceased 2019-11-07 |
Filing timeline
Last 20 of 26 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-06-20 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-29 | AA | accounts | Accounts with accounts type group | |
| 2025-06-20 | CERTNM | change-of-name | Certificate change of name company | |
| 2024-12-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-12-20 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-12-20 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-12-20 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-12-20 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-12-20 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-12-20 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-09-27 | AA | accounts | Accounts with accounts type group | |
| 2024-07-08 | SH06 | capital | Capital cancellation shares | |
| 2024-07-08 | SH03 | capital | Capital return purchase own shares | |
| 2024-06-13 | SH02 | capital | Capital alter shares subdivision | |
| 2024-01-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-30 | AA | accounts | Accounts with accounts type group | |
| 2022-12-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-07-25 | AA | accounts | Accounts with accounts type group | |
| 2021-11-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-28 | AA | accounts | Accounts with accounts type total exemption full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 3
- 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.