TURBINE SERVICES LIMITED

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

1. TURBINE SERVICES LIMITED 1988-04-21 → present
2. CHROMALLOY AEROSERVICES LIMITED 1981-12-31 → 1988-04-21
3. FORGELYNN LIMITED 1980-12-29 → 1981-12-31

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 Reduced Disclosure Framework

Reporting scope

Standalone (parent only)

Auditor

Armstrong Watson Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis which the directors consider to be appropriate for the following reasons. The directors have prepared forecasts for a period of at least 12 months from the date of approval of these financial statements. These forecasts indicate the company will have sufficient funds to meet its liabilities as they fall due for that period. As a wholly owned subsidiary of Chromalloy Corporation, Turbine Services Limited relies upon group facilities to support its activities. Chromalloy Corporation has written to the Company confirming that it is able to provide support, should it be necessary, for 12 months following the date of signing. Consequently, the directors are confident that the company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.”

Group structure

1. TURBINE SERVICES LIMITED · parent
   1. Chromalloy Gulf 100% · UAE · Repair service for industrial gas turbines

Significant events

• “Turbine Services Turkey was liquidated on 17th December 2024.”

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

Filings

16

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

3

last 12 months

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

• Turnover

  -28.8%

  £19,274,064 → £13,713,589

• Cash

  +97.8%

  £1,010,984 → £1,999,833

• Net assets

  -3.8%

  £4,805,397 → £4,620,915

• Employees

  -11.1%

  36 → 32

• Operating profit

  -114.6%

  £1,123,509 → -£163,711

• Profit before tax

  +63.1%

  -£499,680 → -£184,482

• Wages

  -17.3%

  £2,764,004 → £2,286,961

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