WELDING INSTITUTE(THE) — The Accounts

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Next accounts due

2026-09-30 (in 4mo)

Last filed for 2024-12-31

Confirmation statement due

2026-07-24 (in 2mo)

Last made up 2025-07-10

Watchouts

None on the register

Cash

£40M

-15.3% vs 2023

Net assets

£172M

-3.5% vs 2023

Employees

763

+0.1% vs 2023

Profit before tax

-£15M

-178.6% vs 2023

Net assets

2-year trend · vs Industrials median

WELDING INSTITUTE(THE)·Industrials median · n=6236

Accounts

2-year trend · latest reflected 2024-12-31

Metric	2023-12-31	2024-12-31
Turnover	£67,412,000	£69,225,000
Operating profit	-£3,355,000	£72,000
Profit before tax	-£5,227,000	-£14,564,000
Net profit	-£7,453,000	-£11,956,000
Cash	£47,164,000	£39,953,000
Total assets less current liabilities	£227,491,000	£208,993,000
Net assets	£178,290,000	£172,031,000
Equity	£178,290,000	£172,031,000
Average employees	762	763
Wages	£32,360,000	£31,462,000

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

Ratios

Computed from the line items above — sparklines read oldest → newest

Ratio	2023-12-31	2024-12-31
Operating margin	-5.0%	0.1%
Net margin	-11.1%	-17.3%
Return on capital employed	-1.5%	0.0%
Gearing (liabilities / total assets)	0.0%	0.0%
Current ratio	1.84x	2.13x
Interest cover	-3.14x	0.08x

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: Grant Thornton UK LLP
Audit opinion: Unqualified (clean)
Going concern: Affirmed
“Having considered the above matters, the Directors are satisfied that the Group and Company have sufficient financial resources to meet its ongoing obligations as and when they fall due for the foreseeable future”

Group structure

WELDING INSTITUTE(THE) · parent
1. TWI Ltd 100% · England
2. The Test House (Cambridge) Limited 100% · England
3. TWI Certification Limited 100% · England
4. Plant Integrity Limited 100% · England
5. Granta Park Estates Limited 100% · England
6. Waverley Technology Limited 100% · England
7. NSIRC Limited 100% · England
8. SIRF Limited 100% · England
9. TWI Technology (S E Asia) Sdn Bhd 100% · Malaysia
10. GPE 1 Limited 100% · England
11. GPE 2 Limited 100% · England
12. TWI Estates Limited 100% · England
13. Granta Entrance Ltd 50% · England
14. TWI Technology Centre (Yorkshire) Limited 100% · England
15. Abington Park Limited 100% · England
16. TWI Middle East FZ, TWI Gulf WLL 100% · UAE, Bahrain
17. TWI (India) Private Ltd 100% · India
18. TWI Training and Services Company Ltd 49% · Thailand
19. TWI Turkey Muhendıslık Tic Ltd sti 100% · Turkey
20. TWI Technology Engineering (Private) Ltd 100% · Pakistan
21. TWI Services Bhd 30% · Malaysia
22. TWI Training and Consultancy Ltd 100% · Canada
23. TWI North America LLC 100% · USA
24. TWI Belgium SPRL 100% · Belgium
25. TWI Global Technology Centre Pte Ltd 100% · Singapore
26. TWI Kazakhstan LLP 100% · Kazakhstan
27. TVI Turkey Engineering Trade Limited Company - Azerbaijan Republic Branch 100% · Azerbaijan
28. TWI Middle East FZ LLC 100% · UAE, Duba
29. Fullagar Technologies Limited 100% · England
30. TWI ABM Training & Certification Sdn Bhd 50% · Malaysia
31. TWI Technology Middle East - Sole Propnetorship LLC 100% · UAE
32. UK Welding Technology (Beijing) Co Ltd 30% · China

Significant events

“On 20 December 2024, the Group's Greek subsidiary TWI Hellas Non-Profit Civil Partnership, was sold to the operating manager for €2.”
“During 2025, the group decided to discontinue operations in Pakistan, and Azerbaijan, accordingly the financial statements for the year ended 31 December 2024 for these companies, which have been included in these financial statements, have been prepared on non-going concern basis.”
“Since the year end, the Group has progressed with winding down the operations of TWI Technology Engineering (Private) Ltd in Pakistan Subsequent to the year end, the group decided to discontinue operations of two more overseas subsidiaries TWI Kazakhstan LLP, and TVI Turkey Engineering Trade Limited Company - Azerbaijan Republic Branch In addition, the operations of The Test House (Cambridge) Limited were hived up to TWI Limited on 01 January 2025.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

People

18 active · 82 resigned

Name	Role	Appointed	Born	Nationality
CLARK, Daniel	Director	2021-04-29	Oct 1970	British
CRAVEN, Jonathan Quentin	Director	2026-03-23	Jul 1971	British
FLETCHER, Martyn	Director	2026-03-23	Jan 1969	British
FOURNIER, Annelyse	Director	2022-04-05	Mar 1967	Swiss
GREENWOOD, Pheobe Amanda	Director	2026-03-23	May 1988	British
HOLLOWAY, Graham	Director	2022-06-24	Dec 1963	British
HOPKIN, Gareth John, Dr	Director	2021-03-24	Mar 1976	British
KIMPTON, Claire Michelle, Dr	Director	2020-09-16	Dec 1982	British
LODHI, Zeeshan Farooq, Dr. Ir.	Director	2024-01-10	Jul 1972	Dutch
MCGEE, Joseph	Director	2023-04-15	Dec 1968	British
MITCHELL, Rob, Dr	Director	2024-07-25	May 1978	British
PALMER, Christopher	Director	2024-07-25	Mar 1972	British
PANNI, David Craig, Dr	Director	2021-03-24	Oct 1971	British,Italian
STEEL, Duncan James	Director	2021-03-24	Aug 1971	British
STONES, Peter James	Director	2021-03-24	Mar 1962	British
THAKARE, Mandar Rajiv, Dr	Director	2026-03-23	Oct 1978	British
TORP, Morten Laust	Director	2024-08-12	Oct 1974	Danish
WARWICK, Paul Cyril	Director	2026-03-23	Apr 1953	British

Show 82 resigned officers

Name	Role	Appointed	Resigned
DAWKINS, Robert Victor Michael	Secretary	1992-12-14	2010-08-19
KIRK-WILSON, John Alexander	Secretary	—	1992-08-31
LEECH, Gillian Astrid	Secretary	2010-08-19	2020-02-01
SETTERFIELD, Rosemary Elizabeth	Secretary	1992-09-01	1992-12-14
AL-TAIE, Ihsan	Director	2020-04-01	2021-06-15
ALBERRY, Peter John, Dr	Director	1997-06-18	2002-07-17
ALDERDICE, Robert, Dr	Director	1998-06-24	1999-12-14
ALSHAHRANI, Abdullah	Director	2022-06-23	2023-12-01
ALSHAWAF, Ali, Dr	Director	2022-09-29	2025-09-26
ASTBURY, Philip	Director	1997-06-18	2007-07-11
ATTWELL, David Michael	Director	1993-07-07	1994-06-29
BARRINGTON, Norman Arthur	Director	1994-12-15	2000-06-21
BAXTER, John	Director	2005-06-22	2011-05-23
BEADSMOORE, John David	Director	2005-11-07	2007-10-01
BEADSMOORE, John David	Director	1994-06-29	2003-07-03
BEASLEY, Jonathan Gordon	Director	2011-10-26	2015-07-01
BEECH, Stephen Martin, Dr	Director	2015-07-01	2021-07-03
BEGG, Alan Robert, Dr	Director	1995-06-21	1998-06-24
BLACK, Scott	Director	2004-07-07	2011-05-23
BLEASDALE, Peter Anthony	Director	2003-08-05	2011-05-23
BLUNIER, Dennis	Director	1998-06-24	2004-07-07
BOND, Robin Holmes	Director	—	1993-07-07
BONNET, Christian, Monsieur Doctor	Director	1992-06-24	1993-07-07
BONONO, Franco, Dr	Director	—	1994-10-01
BOREL, Robert J	Director	1992-06-24	1998-06-24
BOSMAN, Arnoldus Wilhelmus Maria	Director	1996-06-19	2001-07-19
BOUMPHREY, Ruth, Dr	Director	2020-06-01	2021-07-03
BOYD, Iain Leyland	Director	2015-11-18	2021-07-03
BRADLEY, Ian	Director	1996-06-19	2002-07-17
BURDEKIN, Frederick Michael, Professor	Director	—	2004-07-07
CAMPBELL JR, Flake Carlton	Director	2002-07-17	2007-07-11
CHEETHAM, Derek, Dr	Director	1999-12-17	2003-07-03
CHIVERS, Paul Adrian	Director	2000-06-21	2005-06-22
CHRISTIAN, Monsieyr	Director	1992-06-24	1993-07-07
CLARK, David Thomas, Professor	Director	—	1993-07-07
CLARKE, David Edwin, Dr	Director	2011-05-23	2014-07-01
CLEMENTSON, Anthony, Professor	Director	1992-06-24	1993-07-07
COOPER, Norman Ian	Director	2004-07-07	2021-03-23
CRADDOCK, Paul Anthony, Mr	Director	1995-06-21	2010-06-02
DENNEY, Alan Keith	Director	2013-06-24	2019-09-18
DENNEY, Alan Keith	Director	2000-06-21	2006-06-20
DENNEY, Alan Keith	Director	—	1999-06-23
DIGBY, Roger Paul, Dr	Director	2005-06-22	2011-05-23
DODD, Peter Gerald	Director	1996-06-19	2002-07-17
FARRAR, John Christopher Marland, Dr	Director	—	2007-07-11
GARNER, Jeffrey David	Director	2014-07-01	2020-12-15
GARWOOD, Stephen John	Director	2004-07-07	2009-02-18
GARWOOD, Stephen John, Doctor	Director	1999-09-29	2003-07-03
GASCOYNE, Georgia	Director	2020-03-18	2021-10-08
GEORGE, Maxwell Clifford	Director	2011-09-28	2017-06-20
GEORGE, Maxwell Clifford	Director	1999-06-23	2005-06-22
GIFFORD, Alan Frederick	Director	1991-12-19	1999-06-23
GLOSSOP, Brian Arthur	Director	1992-06-24	1993-07-07
HADDEN, Allen Charles	Director	—	1993-07-07
HADDON, Gary Karl	Director	2020-03-17	2020-11-09
HAMMOND, John	Director	1998-06-24	2005-06-22
HARRISON, John William Fred	Director	1994-06-29	2000-06-21
HEWITT, David	Director	—	1997-06-18
HOBBS, Peter Joseph	Director	—	2000-06-21
HOWARTH, David John	Director	2000-06-21	2017-06-20
HUART, Leslie John	Director	—	1998-06-24
HUGHES, Gareth William, Dr	Director	—	1991-12-18
HUGHES, Laura Elizabeth Alice	Director	2020-03-17	2023-11-14
JADOON, Ammer, Dr	Director	2021-09-13	2023-01-31
JONES, Gary, Dr	Director	2021-03-24	2021-12-14
JONES, Richard Leonard, Professor	Director	2003-07-02	2017-06-20
JONES, Rodney Charles	Director	—	1992-03-31
JONES, Steven Alan, Dr	Director	2020-07-13	2021-01-18
JONES, Steven Alan, Dr	Director	2009-03-03	2014-07-01
JONES, Thomas Edward Malcolm	Director	—	2003-07-03
JORDINSON, Paul	Director	2011-09-23	2017-06-20
KAMMER, Paul A	Director	1994-06-29	1996-09-30
KARLSSON CARRUTHERS, Eva Marie	Director	2022-09-28	2023-06-16
KINBRUM, Amy Rebecca, Dr	Director	2021-07-03	2023-09-28
KING, Brian Leslie	Director	1995-06-21	2011-05-23
KIRKWOOD, Philip Robert, Dr	Director	—	1996-10-31
KNEE, Nigel, Dr	Director	2011-05-23	2019-09-18
KRANCIOCH, Johann Joseph	Director	2012-09-14	2019-02-01
LANE, Bruce Cochran, Dr	Director	1994-06-29	1999-06-23
LANE, Peter Henry Rubie	Director	—	1994-06-29
LAUD, Francis	Director	2020-03-18	2022-05-23
LAWRENCE, Michael Henry	Director	2007-07-11	2013-06-24

Ownership

Persons with significant control

Name	Kind	Nature of control	Notified	Status
Mrs Gillian Astrid Leech	Individual	Significant influence	2016-07-15	Ceased 2019-11-19
Mr Jeffrey David Garner	Individual	Significant influence	2016-07-15	Ceased 2019-11-19
Dr Stephen Martin Beech	Individual	Significant influence	2016-07-15	Ceased 2019-11-19
Mr Iain Leyland Boyd	Individual	Significant influence	2016-07-15	Ceased 2019-11-19
Mr Norman Ian Cooper	Individual	Significant influence	2016-07-15	Ceased 2019-11-19
Mr David William Millar	Individual	Significant influence	2016-07-15	Ceased 2019-11-19
Dr David John Mallaburn	Individual	Significant influence	2016-07-15	Ceased 2019-11-19
Mr Stephen Edward Webster	Individual	Significant influence	2016-07-15	Ceased 2019-11-19
Mr Alan Keith Denney	Individual	Significant influence	2016-07-15	Ceased 2019-11-13
Dr Nigel Knee	Individual	Significant influence	2016-07-15	Ceased 2019-11-13
Professor Scott Andrew Lockyer	Individual	Significant influence	2016-07-15	Ceased 2019-11-13
Mr Paul Jonathan Tooms	Individual	Significant influence	2016-07-15	Ceased 2019-11-13
Mr Grahame Richard Nix	Individual	Significant influence	2016-07-15	Ceased 2019-04-17
Mr Johann Joseph Krancioch	Individual	Significant influence	2016-07-15	Ceased 2019-02-01
Dr Jerzy Andrzej Nowicki	Individual	Significant influence	2016-07-15	Ceased 2019-02-01
Mr Robert William Sawdon	Individual	Significant influence	2016-07-15	Ceased 2019-02-01
Mr Maxwell Clifford George	Individual	Significant influence	2016-07-15	Ceased 2017-06-20
Mr David John Howarth	Individual	Significant influence	2016-07-15	Ceased 2017-06-20
Professor Richard Leonard Jones	Individual	Significant influence	2016-07-15	Ceased 2017-06-20
Mr Paul Jordinson	Individual	Significant influence	2016-07-15	Ceased 2017-06-20
Mr James Crawford Lochhead	Individual	Significant influence	2016-07-15	Ceased 2017-06-20
Dr Stephen Jeremy Paterson	Individual	Significant influence	2016-07-15	Ceased 2017-06-20
Dr Robert Michael Rivett	Individual	Significant influence	2016-07-15	Ceased 2017-06-20
Mr Julio Tolaini	Individual	Significant influence	2016-07-15	Ceased 2017-06-20

Filing timeline

Last 20 of 451 total filings

Date	Type	Category	Description
2026-03-23	CH01	officers	Change person director company with change date	PDF
2026-03-23	AP01	officers	Appoint person director company with name date	PDF
2026-03-23	AP01	officers	Appoint person director company with name date	PDF
2026-03-23	AP01	officers	Appoint person director company with name date	PDF
2026-03-23	AP01	officers	Appoint person director company with name date	PDF
2026-03-23	AP01	officers	Appoint person director company with name date	PDF
2026-01-07	TM01	officers	Termination director company with name termination date	PDF
2025-10-16	AA	accounts	Accounts with accounts type group
2025-09-26	TM01	officers	Termination director company with name termination date	PDF
2025-07-29	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2025-07-03	TM01	officers	Termination director company with name termination date	PDF
2025-06-23	TM01	officers	Termination director company with name termination date	PDF
2024-10-11	AA	accounts	Accounts with accounts type group
2024-08-14	AP01	officers	Appoint person director company with name date	PDF
2024-07-29	AP01	officers	Appoint person director company with name date	PDF
2024-07-29	AP01	officers	Appoint person director company with name date	PDF
2024-07-10	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2024-07-03	TM01	officers	Termination director company with name termination date	PDF
2024-04-02	TM01	officers	Termination director company with name termination date	PDF
2024-02-19	TM01	officers	Termination director company with name termination date	PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings: 12
Capital events: 0
Officers appointed: 5
Officers resigned: 1

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

Year-on-year

FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31

Turnover

+2.7%

£67,412,000 £69,225,000
Cash

-15.3%

£47,164,000 £39,953,000
Net assets

-3.5%

£178,290,000 £172,031,000
Employees

+0.1%

762 763
Operating profit

+102.1%

-£3,355,000 £72,000
Profit before tax

-178.6%

-£5,227,000 -£14,564,000
Wages

-2.8%

£32,360,000 £31,462,000

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

Official Companies House page