SPECIALIST HEAT EXCHANGERS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-03-17 (in 10mo)
Last made up 2026-03-03
Watchouts
Cash
£2M
+134.7% vs 2023
Net assets
£4M
+40.5% vs 2023
Employees
65
+3.2% vs 2023
Profit before tax
£2M
+146.6% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £6,999,000 | £8,097,000 | |
| Operating profit | -£3,815,000 | £1,810,000 | |
| Profit before tax | -£3,842,000 | £1,792,000 | |
| Net profit | -£3,891,000 | £1,474,000 | |
| Cash | £732,000 | £1,718,000 | |
| Total assets less current liabilities | £3,078,000 | £4,228,000 | |
| Net assets | £2,908,000 | £4,087,000 | |
| Equity | £2,908,000 | £4,087,000 | |
| Average employees | 63 | 65 | |
| Wages | £2,278,000 | £2,276,000 |
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 | -54.5% | 22.4% | |
| Net margin | -55.6% | 18.2% | |
| Return on capital employed | -123.9% | 42.8% | |
| Gearing (liabilities / total assets) | 47.0% | 44.1% | |
| Current ratio | 1.20x | 1.43x | |
| Interest cover | -141.30x | 100.56x |
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 §1A
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- Streets Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The group has an invoice discounting facility available to provide headroom for funding working capital but it has not been utilised during the period. The directors have produced forecasts for the 12 months from the signing of the financial statements and are satisfied that the company will generate sufficient profits to continue as a going concern. The directors have reviewed the company's cash flow forecasts, and compared to available headroom, adjusted for reasonable changes in the assumptions and consider that it is appropriate to prepare the financial statements on a going concern basis.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 20 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ATKINS, Helen Rebecca | Director | 2024-10-11 | Jun 1978 | British |
| JENNER, Mark Edward | Director | 2024-08-30 | Oct 1981 | British |
| PERRYMAN, Mark Peter | Director | 2024-08-30 | Mar 1973 | British |
| UPTON, Jonathan James | Director | 2024-08-30 | Jun 1978 | British |
Show 20 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BARKER, Philip Dennison | Secretary | 1998-02-02 | 2007-03-23 |
| FERGUSON, Andrew | Secretary | 1997-11-21 | 1998-01-30 |
| REDMOND, Paul | Secretary | — | 1997-11-21 |
| ZONTA, Walter | Secretary | 2007-03-23 | 2019-02-14 |
| ANSELMI, John Michael | Director | 2020-07-13 | 2022-10-20 |
| BARKER, Philip Dennison | Director | 1998-02-02 | 2008-02-29 |
| BEECH, John Leonard | Director | — | 1992-10-18 |
| BERTI, Gino | Director | 2007-03-23 | 2017-07-13 |
| BURNET, Alex James | Director | 1999-09-14 | 2009-02-28 |
| GOODCHILD, Michael Patrick | Director | 1997-11-21 | 2007-08-31 |
| HABEL, James Patrick | Director | 2022-10-20 | 2024-08-30 |
| REDMOND, Paul | Director | — | 1997-11-21 |
| SHERIFF, Ian Christopher | Director | 2007-09-04 | 2020-11-23 |
| SMITH, Scott Brian | Director | 2020-07-13 | 2024-08-30 |
| TAZZIOLI, Luca | Director | 2017-07-13 | 2019-09-20 |
| WATSON, John | Director | — | 1998-07-07 |
| WHYLES, Donald Arthur | Director | — | 1997-11-21 |
| WICKER, Jairo Arthur | Director | 2020-11-23 | 2024-08-30 |
| ZEOLI, Nicola | Director | 2019-09-20 | 2020-05-15 |
| ZONTA, Walter | Director | 2007-03-23 | 2019-02-14 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Specialist Heat Exchangers Group Limited | Corporate entity | Shares 75–100% | 2024-08-30 | Active |
| International Auto Oem Supplier Ukco Ltd. | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-01-16 | Ceased 2024-08-30 |
| Dynamic Technologies Uk Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-06-20 | Ceased 2024-01-16 |
| Mr Jacopo Meneguzzo | Individual | Shares 25–50% | 2016-04-06 | Ceased 2017-11-20 |
Filing timeline
Last 20 of 216 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-31 | ANNOTATION | miscellaneous | Legacy | |
| 2025-07-14 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-05-22 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-05-20 | MR05 | mortgage | Mortgage charge whole release with charge number | |
| 2025-03-31 | AA | accounts | Accounts with accounts type full | |
| 2025-03-12 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-12-26 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-12-05 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-10-27 | CH01 | officers | Change person director company with change date | |
| 2024-10-24 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-24 | CH01 | officers | Change person director company with change date | |
| 2024-10-24 | CH01 | officers | Change person director company with change date | |
| 2024-10-02 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-10-02 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-09-19 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-19 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-19 | CH01 | officers | Change person director company with change date | |
| 2024-09-19 | CH01 | officers | Change person director company with change date | |
| 2024-09-19 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- 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
+15.7%
£6,999,000 £8,097,000
-
Cash
+134.7%
£732,000 £1,718,000
-
Net assets
+40.5%
£2,908,000 £4,087,000
-
Employees
+3.2%
63 65
-
Operating profit
+147.4%
-£3,815,000 £1,810,000
-
Profit before tax
+146.6%
-£3,842,000 £1,792,000
-
Wages
-0.1%
£2,278,000 £2,276,000
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