TEKTRONIX U.K.LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

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.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After making due inquiries and considering the challenging macroeconomic and geopolitical environment in which the company is operating, the strength of the company's balance sheet and cash position, and the strength of the Group in which the company operate, the directors' have a reasonable expectation that the company has adequate resources to continue in operation and meet its liabilities as they fall due for the going concern assessment period to 31 December 2026. These considerations included the impact of such global pressures on the company, as well as the wider group. Accordingly, the financial statements have been prepared on the going concern basis.”

Significant events

• “Turnover dropped by 28%, falling from £18.8 million in 2023 to £13.5 million in 2024, indicating reduced business activity and demand given the general slowdown in the broader UK economy.”
• “Gross profit declined by 16%, from £2.8 million to £2.3 milion, reflecting tighter margins and increased cost pressures.”
• “Starting in 2025, we have seen reduced inflation and falling interest rates, which indicate a slow economic recovery that could translate into high single-digit growth in company revenue despite the dropping manufacturing PMI.”
• “The company had provided a bank guarantee issued by HSBC Bank in favour of H M Revenue & Customs for an amount of £938,000. This guarantee was cancelled on 11 December 2024 and replaced with a gurantee from The Toronto-Dominion Bank for a monthly amount of £469,000. This guarantee is provided for a Duty Deferment account.”

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

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  -27.9%

  £18,772,000 → £13,533,000

• Cash

  +166.1%

  £4,396,000 → £11,698,000

• Net assets

  -79.8%

  £73,989,000 → £14,954,000

• Employees

  -17.2%

  29 → 24

• Operating profit

  -59.9%

  £763,000 → £306,000

• Profit before tax

  -6.4%

  £2,233,000 → £2,089,000

• Wages

  -28.5%

  £2,137,000 → £1,528,000

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