FLUKE PRECISION MEASUREMENT LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. FLUKE PRECISION MEASUREMENT LIMITED 2000-02-25 → present
2. WAVETEK LIMITED 1992-08-14 → 2000-02-25
3. DATRON INSTRUMENTS LIMITED 1983-11-29 → 1992-08-14
4. DATRON ELECTRONICS LIMITED 1979-12-31 → 1983-11-29
5. PROGRESSWARE LIMITED 1979-01-18 → 1979-12-31

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

“The strong financial position maintained throughout 2024 is forecasted to continue in 2025 as part of the director's assessment of the going concern position of the company. The directors are confident that they have put sufficient measures in place to ensure that the impact of inflationary pressures is mitigated as much as possible, with regards to continuity of supply chain, continued service delivery to customers and maintenance of productivity levels.”

Group structure

1. FLUKE PRECISION MEASUREMENT LIMITED · parent
   1. TGA Industries Saudi Arabia Limited 90% · Saudi Arabia

Significant events

• “The Oscilloscope Calibrator 9500B is the world's highest performing, fully automated, upgradeable oscilloscope calibration workstation and yielded a contribution to revenue of £1,625,000 in 2024. This product is expected to reach end-of-life in 2025 with limited orders being accepted.”
• “The Company developed Model 9500C to replace the 9500B, launching in Q2-2024 with first product shipped in October 2024. Revenue contribution from the 9500C in 2024 was £466,000.”
• “A capital investment of £1,080,000 commenced in Q2 2022 to accommodate the development of the 9500C. In 2024, the Company invested £54,000 in the project, bringing total capital expenditure to date to £529,000.”
• “In 2024, capital investments of £361,000 were also made into the production of a best-in-class handheld DMM and clamp adapter measurement solution for larger (utility) scale solar, with first meter units recognized in September 2024.”
• “Subsequent to the balance sheet date, in February 2025, there was a change in the Company's immediate parent company. TGA UK Finance Limited obtained all shares in the Company from TGA Industries Limited. The ultimate parent company remains unchanged.”

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

Filings

7

last 12 months

Capital events

7

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  -9.5%

  £53,265,000 → £48,214,000

• Cash

  -35.1%

  £71,306,000 → £46,270,000

• Net assets

  -33.4%

  £74,299,000 → £49,512,000

• Employees

  +23.4%

  77 → 95

• Operating profit

  -37%

  £23,368,000 → £14,726,000

• Profit before tax

  -31%

  £25,730,000 → £17,766,000

• Wages

  +35.8%

  £3,224,000 → £4,379,000

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