PHILIPS ELECTRONICS UK LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-05-29 (this month)
Last made up 2025-05-15
Watchouts
None on the register
Cash
£0
Latest balance sheet
Net assets
£253M
+8.6% vs 2023
Employees
833
-2.9% vs 2023
Profit before tax
£20M
-23.1% vs 2023
Name history
Renamed 1 time since incorporation
- PHILIPS ELECTRONICS UK LIMITED 1992-02-03 → present
- PHILIPS ELECTRONIC AND ASSOCIATED INDUSTRIES LIMITED 1947-12-19 → 1992-02-03
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £371,000,000 | £358,000,000 | |
| Operating profit | £18,000,000 | £11,000,000 | |
| Profit before tax | £26,000,000 | £20,000,000 | |
| Net profit | £25,000,000 | £13,000,000 | |
| Cash | £0 | £0 | |
| Total assets less current liabilities | £260,000,000 | £283,000,000 | |
| Net assets | £233,000,000 | £253,000,000 | |
| Equity | £233,000,000 | £253,000,000 | |
| Average employees | 858 | 833 | |
| Wages | £61,000,000 | £58,000,000 |
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 | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 4.9% | 3.1% | |
| Net margin | 6.7% | 3.6% | |
| Return on capital employed | 6.9% | 3.9% | |
| Gearing (liabilities / total assets) | 35.8% | 31.8% | |
| Current ratio | 2.32x | 2.82x | |
| Interest cover | 18.00x | 11.00x |
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
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and meet their liabilities as they fall due in the next 12 months, being until 31 January 2027 based on the aforementioned support provided by the ultimate parent and access to the Group's in-house banking facilities.”
Group structure
- PHILIPS ELECTRONICS UK LIMITED · parent
- Philips DCP (Belfast) Limited 100%
- Philips Components Limited 100%
- Philips Trustee Company Limited 100%
- PYE (Electronic Products) Limited 100%
- Pyecam Company Limited 100%
Significant events
- “In January 2025 Philips KPNV announced it signed an agreement to sell its Emergency Care business, to Bridgefield Capital, a US-based investment firm. The sale closed on 31st December 2025, after which Emergency Care is no longer a part of Philips, and operates as Heartstream under Bridgefield ownership. Philips KPNV and Heartstream have entered into an exclusive brand license agreement to use the Philips brand for manufacturing, sales, and marketing of Emergency Care products globally for a period of up to 15 years. The sale is not expected to have a significant impact on the future results of the Company.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 27 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BEST, Louise Helen | Secretary | 2016-02-01 | — | — |
| BEST, Louise Helen | Director | 2016-02-01 | Jan 1981 | British |
| COLES, Jonathan | Director | 2016-02-01 | Jun 1975 | British |
| COTTRELL, James Andrew | Director | 2023-04-14 | Oct 1980 | British |
| LEFTWICH, Mark | Director | 2022-04-01 | Jul 1978 | British |
Show 27 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ARMSTRONG, Martin Robert | Secretary | 2007-04-01 | 2016-02-01 |
| MORRIS, Michael Geoffrey | Secretary | 1996-12-01 | 2007-03-31 |
| PASCOE, Ronald Rowe | Secretary | — | 1996-12-01 |
| ARMSTRONG, Martin Robert | Director | 2007-04-01 | 2016-02-01 |
| BALLARDIE, John Dougald | Director | 2000-01-10 | 2006-01-09 |
| BRACEY, Ian James | Director | 2000-02-09 | 2002-05-16 |
| CHARLESWORTH, David Philip | Director | 2006-03-31 | 2008-04-21 |
| CROOK, Christopher Thomas | Director | 1995-07-24 | 1999-12-31 |
| DE LANGE, Richard Johannes Aloysius | Director | 1995-04-05 | 1998-10-15 |
| FRY, David Lewis | Director | 1991-11-01 | 1993-05-15 |
| FRY, David Lewis | Director | — | 1995-09-01 |
| JACKSON, John Bernard Haysom | Director | — | 1994-03-14 |
| JORDAN, David Herbert | Director | 1995-09-01 | 2003-12-05 |
| KENNEDY, Kevin | Director | — | 1993-05-15 |
| MASKELL, Peter John | Director | 2003-12-05 | 2016-02-01 |
| MENGHNANI, Bhawna | Director | 2020-09-15 | 2023-04-14 |
| MESHER, Neil Anthony | Director | 2013-06-14 | 2022-04-01 |
| MORGAN, Paul Roger | Director | 2002-05-27 | 2006-01-09 |
| MORRIS, Michael Geoffrey | Director | 1997-02-24 | 2007-03-31 |
| PETRIE, Callum | Director | 2008-04-21 | 2016-02-01 |
| RIDER, Edward | Director | 1998-10-15 | 2000-02-09 |
| ROGERS, Joanna | Director | 2013-06-14 | 2015-12-31 |
| SOUTH, William Lawrence | Director | — | 1994-03-14 |
| TRANTER, Graham | Director | 2015-12-15 | 2020-09-15 |
| TRANTER, Graham | Director | 2006-01-10 | 2010-11-01 |
| VIVASH, Hayden Paul | Director | 2010-11-01 | 2015-12-15 |
| WHYBROW, John William | Director | 1993-03-18 | 1995-05-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Philips U.K. Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-09-25 | Ceased 2018-09-25 |
| Philips Uk Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-09-25 | Active |
Filing timeline
Last 20 of 267 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-28 | AA | accounts | Accounts with accounts type full | |
| 2025-12-15 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-12-15 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-05-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-26 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-09-25 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-09-25 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-09-25 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-08-02 | AA | accounts | Accounts with accounts type full | |
| 2024-07-08 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-05-15 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-02-01 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-12-01 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-11-30 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-11-30 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-10-31 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-10-23 | MR05 | mortgage | Mortgage charge whole release with charge number | |
| 2023-10-05 | AA | accounts | Accounts with accounts type full | |
| 2023-05-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-04-17 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-3.5%
£371,000,000 £358,000,000
-
Cash
—
Not reported
-
Net assets
+8.6%
£233,000,000 £253,000,000
-
Employees
-2.9%
858 833
-
Operating profit
-38.9%
£18,000,000 £11,000,000
-
Profit before tax
-23.1%
£26,000,000 £20,000,000
-
Wages
-4.9%
£61,000,000 £58,000,000
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