ITW LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-10-22 (in 5mo)
Last made up 2025-10-08
Watchouts
None on the register
Cash
£19M
-71.6% vs 2023
Net assets
£1B
-33% vs 2023
Employees
1,895
-1.4% vs 2023
Profit before tax
£541M
+88.3% vs 2023
Net assets
2-year trend · vs Basic Materials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £871,696,000 | £744,087,000 | |
| Operating profit | £174,070,000 | £144,407,000 | |
| Profit before tax | £287,563,000 | £541,446,000 | |
| Net profit | £258,078,000 | £488,039,000 | |
| Cash | £66,225,000 | £18,825,000 | |
| Total assets less current liabilities | £2,864,472,000 | £1,579,571,000 | |
| Net assets | £1,540,235,000 | £1,031,614,000 | |
| Equity | £1,540,235,000 | £1,031,614,000 | |
| Average employees | 1,921 | 1,895 | |
| Wages | £87,853,000 | £81,814,000 |
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 | 20.0% | 19.4% | |
| Net margin | 29.6% | 65.6% | |
| Return on capital employed | 6.1% | 9.1% | |
| Gearing (liabilities / total assets) | 47.6% | 39.2% | |
| Current ratio | 4.41x | 4.96x | |
| Interest cover | 2.87x | 2.89x |
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
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The company's business activities, together with the factors likely to affect its future development, performance and position are set out in the strategic report and the principal risks and uncertainties are also set out in the strategic report. The company has substantial net assets as set out in the balance sheet on page 29. Despite the current uncertain worldwide economic outlook, the company's forecasts for its wide range of businesses, which operate across different geographical locations, show that the company will continue to generate a strong cash flow and profits. Consequently, the directors believe the company is well placed to manage its business risks successfully. In addition, as the company has access to a group banking facility, which has been renewed in April 2024 and the company has no reason to believe that this will not be forthcoming, it consequently has sufficient cash resources to meet any reasonably foreseeable obligations. The ability of the company to repay its overdraft has been guaranteed by Illinois Tool Works Inc., the ultimate parent company. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future despite the uncertain economic outlook. Thus, the directors continue to adopt the going concern basis in preparing the annual report and financial statements.”
Group structure
- ITW LIMITED · parent
- Avery Malaysia Sdn Bhd 100%
- Avery Weigh-Tronix International Limited 100%
- Avery Weigh-Tronix (Suzhou) Weighing Technology Co. Ltd. 100%
- Beijing Miller Electric Manufacturing Co. Ltd 100%
- Brooks Instrument (Shanghai) Co. Ltd 100%
- Dongguan Ark-Les Electric Components Co., Ltd 100%
- Dongguan CK Branding Co., Ltd 100%
- Hobart Food Equipment Co., Ltd 100%
- Hobart International (Singapore) Pte. Ltd 100%
- Hobart Korea LLC 100%
- Instron Korea LLC 100%
- Instron (Shanghai) Ltd. 100%
- ITW CS (UK) Ltd 100%
- ITW Korea LLC 100%
- ITW (China) Investment Company Limited 100%
- ITW (Ningbo) Components & Fastening Systems Co., Ltd. 100%
- ITW Automotive Components (Chongqing) Co. Ltd 100%
- ITW Automotive Components (Langfang) Co., Ltd. 100%
- ITW Automotive Fasteners (Shanghai) Co Ltd 100%
- ITW Automotive Parts (Suzhou) Co., Ltd. 100%
- ITW Automotive Components (Guangzhou) Co., Ltd. 100%
- ITW Construction Products (Shanghai) Co. Ltd 100%
- ITW Construction Products (Singapore) Pte. Ltd 100%
- ITW Construction Services Manila, Inc. 0.31%
- ITW Contamination Control (Wujiang) Co., Ltd 100%
- ITW Pension Funds Trustee Company 50%
- ITW Dynatec Adhesive Equipment (Suzhou) Co. Ltd 100%
- ITW Electronic Components/Products (Shanghai) Co., Ltd 100%
- ITW FEG Hong Kong Limited 100%
- ITW GH, LLC 100%
- ITW Graphics Asia Limited 100%
- ITW International Holdings LLC 100%
- ITW Materials Technology (Shanghai) Co., Ltd. 0.31%
- ITW Meritex Sdn. Bhd. 100%
- ITW New Zealand 100%
- ITW Packaging Technology (China) Co Ltd 100%
- ITW Performance Polymers Trading (Shanghai) Co., Ltd. 100%
- ITW Performance Polymers (Wujiang) Co., Ltd 100%
- ITW Pte. Ltd 100%
- ITW Qufu Automotive Cooling Systems Co. Ltd. 100%
- ITW Simco-Ion (Shenzhen) Co. Ltd 100%
- ShineMark Specialty Films LLC 100%
- ITW Specialty Materials (Suzhou) Co., Ltd 100%
- ITW Test & Measurement Equipment (Shanghai) Co., Ltd 100%
- ShineMark Specialty Films (Shanghai) Co., Ltd. 100%
- Shanghai ITW Plastic & Metal Co. Ltd. 100%
- ITW (Vietnam) Company Limited 100%
- ITW Welding Singapore Pte. Ltd. 100%
- Meritex Technology (Suzhou) Co. Ltd. 100%
- Plasode Fasteners (Shanghai) Co., Ltd 100%
- Ramset Fasteners (Hong Kong) Ltd. 100%
- Stokvis Tapes Limited 100%
- Stokvis Tapes (Taiwan) Co. Ltd 100%
- Teknek (China) Limited 100%
- Tien tai Electrode (Kunshan) Co., Ltd 100%
- Vesta (Guangzhou) Catering Equipment Co. Ltd 100%
- Vesta Global Limited 100%
- Shinemark UK Limited 100%
- Lombard Pressings Limited 100%
Significant events
- “In August 2024, the company sold its right to exploit intellectual property (IP) to its ultimate parent company, Illinois Tool Works Inc. As a result, the discontinued activity turnover derived from royalties was lower by £113,266,000 and made up most of the overall turnover reduction of £127,609,000. The company impaired the value of an investment held in a subsidiary company by £266,747,000 as it received a dividend from the same company of £266,748,000. On 23 August 2024 the company received a capital contribution in cash of £763,000,000 from it's parent company Berrington UK... The company then capitalized the sum of £246,493,652... The company then reduced the share capital by £2,023,971,485 by cancelling and extinguishing 246,493,653 ordinary shares of £1 each and cancelling the share premium account by the amount of £1,777,477,832.”
- “On 1 March 2025, Berrington UK contributed the shares of ITW Holdings X Ltd for £9,937,987 to ITW Limited. On the same day ITW Limited contributed the shares of ITW Holdings X Ltd to ITW International Holdings LLC.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 18 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HUDSON, Giles Matthew | Secretary | 2004-09-21 | — | British |
| SMITH, Jonathan | Secretary | 2023-07-17 | — | — |
| HUDSON, Giles Matthew | Director | 2003-02-01 | Feb 1972 | British |
| ROWELL, Stephen James | Director | 2016-04-01 | Dec 1967 | British |
Show 18 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DALE, Ryan Ronald | Secretary | 2017-12-18 | 2023-07-17 |
| LEWIS, Thomas Arwyn | Secretary | 1999-07-22 | 2003-02-01 |
| O DONNELL, James Carthage | Secretary | — | 1996-08-12 |
| PROBERT, Clive Michael Douglas | Secretary | 1996-08-12 | 2003-02-01 |
| UDALL, Gavin | Secretary | 2003-02-01 | 2004-09-21 |
| BARRETO-MORLEY, Ola Tricia Aramita | Director | 2009-09-30 | 2013-03-31 |
| CROWTHER, Henry Richard | Director | — | 1995-08-30 |
| DEAKIN, Philip Matthew | Director | 2009-09-30 | 2017-10-30 |
| FARRELL, William James | Director | 1995-08-30 | 2005-04-20 |
| GILLINGHAM, Peter Leslie | Director | 1994-08-01 | 2003-03-24 |
| MURPHY, Eugene Francis | Director | — | 1994-08-01 |
| O DONNELL, James Carthage | Director | 1997-10-31 | 1999-06-30 |
| PROBERT, Clive Michael Douglas | Director | 1999-06-24 | 2003-02-01 |
| SPIEGEL, Maryann | Director | 2012-04-27 | 2015-11-18 |
| SUTHERLAND, Allan Cameron | Director | 1999-12-15 | 2012-02-10 |
| TURNBULL, Albert Edward | Director | — | 1997-10-31 |
| UDALL, Gavin | Director | 2003-02-01 | 2009-09-30 |
| UFLAND, Edward | Director | 2003-02-01 | 2017-03-13 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Itw Uk Ii Limited | Corporate entity | Shares 75–100% | 2018-11-19 | Active |
| Berrington Uk | Corporate entity | Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 219 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-08-23 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-11 | AA | accounts | Accounts with accounts type full | |
| 2025-04-25 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-04-25 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-04-25 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-04-24 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-04-24 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-04-23 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-04-23 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-10-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-08-23 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2024-08-23 | SH20 | capital | Legacy | |
| 2024-08-23 | CAP-SS | insolvency | Legacy | |
| 2024-08-23 | RESOLUTIONS | resolution | Resolution | |
| 2024-08-23 | SH01 | capital | Capital allotment shares | |
| 2024-08-23 | SH01 | capital | Capital allotment shares | |
| 2024-08-21 | AA | accounts | Accounts with accounts type full | |
| 2023-10-16 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-10-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-12 | AD04 | address | Move registers to registered office company with new address |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 4
- 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
-14.6%
£871,696,000 £744,087,000
-
Cash
-71.6%
£66,225,000 £18,825,000
-
Net assets
-33%
£1,540,235,000 £1,031,614,000
-
Employees
-1.4%
1,921 1,895
-
Operating profit
-17%
£174,070,000 £144,407,000
-
Profit before tax
+88.3%
£287,563,000 £541,446,000
-
Wages
-6.9%
£87,853,000 £81,814,000
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