F.T. GEARING SYSTEMS LIMITED
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Next accounts due
2027-06-30 (in 1y)
Last filed for 2025-09-30
Confirmation statement due
2026-08-19 (in 3mo)
Last made up 2025-08-05
Watchouts
None on the register
Cash
£3M
+17.6% vs 2024
Net assets
£15M
+24% vs 2024
Employees
114
+18.8% highest in 6 filed years
Profit before tax
£6M
+10.5% highest in 5 filed years
Name history
Renamed 1 time since incorporation
- F.T. GEARING SYSTEMS LIMITED 1998-11-13 → present
- FLEET TOOLS LIMITED 1978-01-25 → 1998-11-13
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · latest reflected 2025-09-30
| Metric | Trend | 2020-08-31 | 2021-08-31 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £16,057,778 | £19,615,601 | |
| Operating profit | — | — | — | — | £5,234,419 | £5,804,787 | |
| Profit before tax | — | £2,764,489 | £3,967,573 | £3,610,388 | £5,251,537 | £5,801,870 | |
| Net profit | — | £2,246,230 | £3,090,063 | £3,048,220 | £4,516,908 | £4,883,064 | |
| Cash | £2,681,376 | £2,427,262 | £3,535,350 | £3,191,499 | £2,410,048 | £2,833,853 | |
| Total assets less current liabilities | £17,888,394 | £9,429,345 | £11,960,518 | £11,441,998 | £13,350,803 | £16,542,508 | |
| Net assets | £14,882,629 | £8,321,940 | £10,663,473 | £10,234,703 | £11,915,049 | £14,776,177 | |
| Equity | £14,882,629 | £8,321,940 | £10,663,473 | £10,234,703 | £11,915,049 | £14,776,177 | |
| Average employees | 66 | 62 | 79 | 88 | 96 | 114 | |
| Wages | — | £2,747,939 | £3,940,510 | £4,764,863 | £5,242,867 | £6,165,776 |
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 | 2020-08-31 | 2021-08-31 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 32.6% | 29.6% | |
| Net margin | — | — | — | — | 28.1% | 24.9% | |
| Return on capital employed | — | — | — | — | 39.2% | 35.1% | |
| Current ratio | — | — | — | — | 3.70x | 4.40x | |
| Interest cover | — | — | — | — | 321.68x | 237.63x |
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
- Sumer Audit
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have considered relevant information, including the company's principal risks and uncertainties, the annual budget, forecast future cash flows and the impact of subsequent events in making their assessment. Based on these assessments and having regard to the resources available to the entity, the directors have concluded that there is no material uncertainty and that they can continue to adopt the going concern basis in preparing the annual report and financial statements.”
Significant events
- “2025 has shown strong growth over 2024 as we continue to professionalise and transform our organisation.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 13 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CALLAN, James | Director | 2025-01-31 | Jul 1968 | American |
| MCELWEE, Bryan | Director | 2022-04-22 | Aug 1985 | American |
| MORIN, Kenneth | Director | 2025-03-18 | Jan 1982 | American |
Show 13 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FITZGERALD, Jacqueline | Secretary | 2004-10-27 | 2022-04-22 |
| FITZGERALD, Nigel | Secretary | 1999-08-09 | 2004-10-27 |
| FITZGERALD, Susan | Secretary | 1995-09-01 | 1999-08-09 |
| AMES ACCOUNTING MANAGEMENT & EXECUTIVE SERVICES LIMITED | Corporate Secretary | — | 1995-08-31 |
| ELWOOD, Dennis | Director | 2022-04-22 | 2023-03-02 |
| FITZGERALD, Desmond David | Director | — | 2017-02-15 |
| FITZGERALD, Graham Desmond | Director | — | 2024-02-29 |
| FITZGERALD, Nigel | Director | 2009-03-17 | 2024-02-29 |
| FITZGERALD, Nigel | Director | — | 2004-10-27 |
| FITZGERALD, Susan | Director | — | 1998-06-24 |
| O'CONNELL, Matthew | Director | 2022-04-22 | 2025-01-31 |
| OWEN, Michael Geoffrey | Director | — | 1995-02-03 |
| PIERCE, Jody | Director | 2023-03-02 | 2025-03-18 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Gear Bidco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-04-22 | Active |
| Mr Graham Desmond Fitzgerald | Individual | Shares 50–75% | 2016-08-05 | Ceased 2022-04-22 |
Filing timeline
Last 20 of 170 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-06 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-02-02 | AA | accounts | Accounts with accounts type full | |
| 2026-01-30 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-08-19 | CH01 | officers | Change person director company with change date | |
| 2025-08-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-14 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-20 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-06 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-05 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-14 | AA | accounts | Accounts with accounts type full | |
| 2024-08-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-13 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-13 | TM01 | officers | Termination director company with name termination date | |
| 2023-12-06 | AA | accounts | Accounts with accounts type full | |
| 2023-09-25 | AA | accounts | Accounts with accounts type full | |
| 2023-08-22 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-03-14 | CH01 | officers | Change person director company with change date | |
| 2023-03-14 | TM01 | officers | Termination director company with name termination date | |
| 2023-03-14 | AP01 | officers | Appoint person director company with name date | |
| 2023-02-27 | MR01 | mortgage | Mortgage create with deed with charge number charge creation 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
FY2024 → FY2025 · period ending 2025-09-30 vs 2024-09-30
-
Turnover
+22.2%
£16,057,778 £19,615,601
-
Cash
+17.6%
£2,410,048 £2,833,853
-
Net assets
+24%
£11,915,049 £14,776,177
-
Employees
+18.8%
96 114
highest in 6 filed years
-
Operating profit
+10.9%
£5,234,419 £5,804,787
-
Profit before tax
+10.5%
£5,251,537 £5,801,870
highest in 5 filed years
-
Wages
+17.6%
£5,242,867 £6,165,776
highest in 5 filed years
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers