TET LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-05-16 (this month)
Last made up 2025-05-02
Watchouts
None on the register
Cash
£8M
+22.4% vs 2023
Net assets
£8M
-1.7% vs 2023
Employees
57
+5.6% vs 2023
Profit before tax
£2M
+25.8% vs 2023
Name history
Renamed 1 time since incorporation
- TET LIMITED 2006-09-05 → present
- JAGRULE LIMITED 1985-06-19 → 2006-09-05
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 | £67,806,213 | £69,945,070 | |
| Operating profit | £1,194,383 | £1,406,458 | |
| Profit before tax | £1,287,912 | £1,619,759 | |
| Net profit | £942,858 | £1,155,606 | |
| Cash | £6,738,861 | £8,248,879 | |
| Total assets less current liabilities | £8,176,302 | £8,079,225 | |
| Net assets | £8,176,302 | £8,041,074 | |
| Equity | £8,176,302 | £8,041,074 | |
| Average employees | 54 | 57 | |
| Wages | £4,313,067 | £5,185,185 |
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 | 1.8% | 2.0% | |
| Net margin | 1.4% | 1.7% | |
| Return on capital employed | 14.6% | 17.4% | |
| Gearing (liabilities / total assets) | 56.4% | 53.1% | |
| Current ratio | 1.76x | 1.87x |
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
- GOLDWYNS AUDIT LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“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.”
Group structure
- TET LIMITED · parent
- TET (US) INC. 100%
- TET (Europe) S.A.R.L 100%
- TET Europe B.V. 100%
Significant events
- “Turnover increased to £69.9m (2023: £67.8m) and increase in Gross Profit to £8.5m (2023: £7.2m).”
- “Share Buy Back during the year amounting to £1m as disclosed on page 19 in Cash Flow Statement together with an Interim Dividend of £300,000 that was paid on 12th September 2024.”
- “Sales performance in first half of 2025 continues to be strong.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PICKETT, William | Secretary | 2024-02-14 | — | — |
| JOYCE, David Andrew | Director | — | Oct 1962 | British |
| PICKETT, William | Director | 1999-02-01 | Mar 1962 | British |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| JOYCE, Christopher Drummond | Secretary | 1996-03-25 | 2024-02-15 |
| JOYCE, David Andrew | Secretary | — | 1996-03-25 |
| IYIKAN, Eralp | Director | 2012-06-25 | 2026-04-02 |
| JOYCE, Christopher Drummond | Director | 2012-06-25 | 2024-02-15 |
| MALIK, Mazhar | Director | 2007-07-20 | 2011-08-19 |
| NEIL, Barry Edward | Director | — | 1996-03-25 |
| RAIZADA, Mridulika Mahendra | Director | 1991-08-01 | 1992-12-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Christopher Drummond Joyce | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2026-04-02 | Active |
| Mr Andrew Michael Joyce | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2026-04-02 | Active |
| Mr David Andrew Joyce | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 138 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-02 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-04-02 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-04-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-18 | AA | accounts | Accounts with accounts type group | |
| 2025-05-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-05 | AA | accounts | Accounts with accounts type group | |
| 2024-06-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-03-08 | SH06 | capital | Capital cancellation shares | |
| 2024-03-08 | SH03 | capital | Capital return purchase own shares | |
| 2024-03-01 | RP04TM02 | officers | Second filing of secretary termination with name | |
| 2024-03-01 | RP04TM01 | officers | Second filing of director termination with name | |
| 2024-02-15 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-02-15 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-02-15 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-15 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-02-09 | AA | accounts | Accounts with accounts type group | |
| 2023-06-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-02-17 | AA | accounts | Accounts with accounts type group | |
| 2022-12-07 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-06-06 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
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
+3.2%
£67,806,213 £69,945,070
-
Cash
+22.4%
£6,738,861 £8,248,879
-
Net assets
-1.7%
£8,176,302 £8,041,074
-
Employees
+5.6%
54 57
-
Operating profit
+17.8%
£1,194,383 £1,406,458
-
Profit before tax
+25.8%
£1,287,912 £1,619,759
-
Wages
+20.2%
£4,313,067 £5,185,185
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