TW METALS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-08-02 (in 3mo)
Last made up 2025-07-19
Watchouts
None on the register
Cash
£5M
+38.8% vs 2023
Net assets
£85M
+12.8% vs 2023
Employees
354
+6.3% vs 2023
Profit before tax
£14M
+24.8% vs 2023
Name history
Renamed 1 time since incorporation
- TW METALS LIMITED 1998-04-01 → present
- TUBESALES (U.K.) LIMITED 1969-08-28 → 1998-04-01
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 | £151,978,000 | £176,035,000 | |
| Operating profit | £12,195,000 | £14,812,000 | |
| Profit before tax | £11,465,000 | £14,312,000 | |
| Net profit | £9,084,000 | £11,152,000 | |
| Cash | £3,413,000 | £4,736,000 | |
| Total assets less current liabilities | £79,573,000 | £87,110,000 | |
| Net assets | £75,524,000 | £85,158,000 | |
| Equity | £75,524,000 | £85,158,000 | |
| Average employees | 333 | 354 | |
| Wages | £13,933,000 | £15,575,000 |
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 | 8.0% | 8.4% | |
| Net margin | 6.0% | 6.3% | |
| Return on capital employed | 15.3% | 17.0% | |
| Gearing (liabilities / total assets) | 34.2% | 27.6% | |
| Current ratio | 2.83x | 3.40x | |
| Interest cover | 16.71x | 29.16x |
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
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. On the basis of their assessment of the company's financial position and resources, the directors believe that the company is well placed to manage its business risks. Therefore, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and at least for 12 months from the date of signing these financial statements. In addition, O'Neal Industries Inc, the ultimate parent company has provided confirmation that they will provide financial support to the company, should it be required, to enable it to meet its liabilities as they fall due without a significant curtailment of operations. Thus, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.”
Group structure
- TW METALS LIMITED · parent
- TW Metals SARL 100%
- The Philip Cornes Group Co. Limited 100%
- TW Metals Polska Sp. z.o.o. 100%
- TW Metals Italy S.r.l. 100%
- TW Metals Holdings (SEA) Pte Ltd 100%
- Locate Supplies Limited 100%
Significant events
- “In September 2025, TW Metals SARL obtained a €4,000,000 bank loan facility to support the warehouse extension project, of which £nil has been drawn down to date. The loan will be repayable in instalments over ten years and attracts interest of 3.36%.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 16 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BREWER, Amanda | Secretary | 2025-04-30 | — | — |
| LUGO, Troy | Secretary | 2022-04-01 | — | — |
| CRAFT O'NEAL, Henry | Director | 2005-12-20 | Apr 1961 | American |
| MOORE, Kirk Elwood | Director | 2017-03-31 | Sep 1962 | American |
| THOMAS, Gail Lisa | Director | 2006-06-30 | Jan 1962 | English |
Show 16 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BROWN, Louise | Secretary | 2000-02-29 | 2019-01-24 |
| HENMAN, David | Secretary | — | 2006-06-30 |
| HILSEBERG, Richard Thomas | Secretary | — | 2000-01-04 |
| JOSLOW, Jonathan Aaron | Secretary | 2002-04-05 | 2005-10-13 |
| LEWIS, Christopher John | Secretary | 2019-01-24 | 2025-04-30 |
| ROWLAND, Michael Arthur | Secretary | 2010-04-30 | 2022-03-31 |
| VALENTA, Mary Therese | Secretary | 2005-12-20 | 2010-03-31 |
| CAMERON, James Francis | Director | — | 1999-10-07 |
| ELROD III, Jack Harrington | Director | 2002-04-05 | 2017-03-31 |
| HENMAN, David | Director | — | 2006-06-30 |
| JONES, Charles William | Director | 2010-04-30 | 2014-06-30 |
| JOSLOW, Jonathan Aaron | Director | 2002-04-05 | 2005-10-13 |
| KIERNAN, Peter Joseph | Director | — | 1995-10-31 |
| OATES, Dennis Matthew | Director | 2000-07-20 | 2002-04-05 |
| SANDOR, Thomas Laszlo | Director | 1995-10-31 | 1999-11-01 |
| WARDEN, William Gray | Director | 1995-10-31 | 2005-10-21 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Henry Craft O'Neal | Individual | Significant influence | 2016-07-21 | Active |
Filing timeline
Last 20 of 157 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-09-23 | AA | accounts | Accounts with accounts type group | |
| 2025-08-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-30 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-04-30 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-09-27 | AA | accounts | Accounts with accounts type group | |
| 2024-07-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-22 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-06-11 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2023-09-21 | AA | accounts | Accounts with accounts type group | |
| 2023-07-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-15 | AA | accounts | Accounts with accounts type group | |
| 2022-07-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-05-09 | TM02 | officers | Termination secretary company with name termination date | |
| 2022-05-09 | AP03 | officers | Appoint person secretary company with name date | |
| 2021-09-25 | AA | accounts | Accounts with accounts type group | |
| 2021-07-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-09-29 | AA | accounts | Accounts with accounts type group | |
| 2020-07-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2019-10-01 | AA | accounts | Accounts with accounts type group | |
| 2019-07-19 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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
+15.8%
£151,978,000 £176,035,000
-
Cash
+38.8%
£3,413,000 £4,736,000
-
Net assets
+12.8%
£75,524,000 £85,158,000
-
Employees
+6.3%
333 354
-
Operating profit
+21.5%
£12,195,000 £14,812,000
-
Profit before tax
+24.8%
£11,465,000 £14,312,000
-
Wages
+11.8%
£13,933,000 £15,575,000
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