TOWER LEASING LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-10-15 (in 5mo)
Last made up 2025-10-01
Watchouts
Cash
£3M
+29.6% vs 2023
Net assets
£20M
+5.3% vs 2023
Employees
68
+23.6% vs 2023
Profit before tax
£1M
-64.8% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Name history
Renamed 1 time since incorporation
- TOWER LEASING LIMITED 1988-11-18 → present
- HALFGOLDEN LIMITED 1988-09-14 → 1988-11-18
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £18,674,394 | £24,935,929 | |
| Operating profit | £10,262,676 | £11,575,774 | |
| Profit before tax | £3,944,242 | £1,386,530 | |
| Net profit | £2,962,132 | £990,285 | |
| Cash | £2,034,387 | £2,635,914 | |
| Total assets less current liabilities | £108,061,355 | £121,428,824 | |
| Net assets | £18,813,014 | £19,803,299 | |
| Equity | £18,813,014 | £19,803,299 | |
| Average employees | 55 | 68 | |
| Wages | £2,908,404 | £3,775,911 |
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 | 55.0% | 46.4% | |
| Net margin | 15.9% | 4.0% | |
| Return on capital employed | 9.5% | 9.5% | |
| Current ratio | 2.88x | 2.73x | |
| Interest cover | 1.62x | 1.14x |
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
- Deloitte LLP Guernsey
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors conclude the Company and Group have adequate resources to continue in operation for a period of at least 12 months from the date of the approval of the financial statements and therefore it is appropriate to continue to adopt the going concern basis in preparing the financial statements.”
Group structure
- TOWER LEASING LIMITED · parent
- Tower Leasing South Limited 51%
- Columbia SPV Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 15 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BARRON, Adam James | Director | 2015-05-05 | Sep 1968 | British |
| FRANKLIN, Toby Huw Thomas | Director | 2015-05-05 | Apr 1972 | British |
| HOWELLS, Kerry Jayne | Director | 2006-11-01 | Mar 1972 | British |
Show 15 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BARNETT, Felicity Jane | Secretary | 1999-10-08 | 2007-01-02 |
| HOLLAND, Michael Barry | Secretary | — | 1999-09-27 |
| SHARIFF, Umar Mohammed | Secretary | 2007-01-02 | 2015-09-30 |
| WORRAKER, James Frederick | Secretary | 2017-03-01 | 2017-07-07 |
| CUNNINGHAM, Ann Elizabeth | Director | — | 1992-05-31 |
| HOLLAND, Michael Barry | Director | — | 1999-09-27 |
| JACKMAN, Eric Thomas | Director | 1994-09-20 | 1998-07-29 |
| KEEVILL, John Ernest | Director | — | 2015-05-05 |
| MCBAIN, Colin John | Director | — | 1998-11-13 |
| PITALUGA, Saul Gregory Robinson | Director | 2000-11-01 | 2009-11-30 |
| ROLL, Christopher James | Director | — | 2012-09-03 |
| SHARIFF, Umar Mohammed | Director | 2007-12-18 | 2015-09-30 |
| TAYLOR, Neil Edwin | Director | — | 1991-11-01 |
| WELHAM, Ian Jeffrey | Director | 2013-04-11 | 2025-12-31 |
| WORRAKER, James Frederick | Director | 2016-09-01 | 2017-07-07 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Gideon Mark Harbour | Individual | Shares 25–50% | 2024-06-24 | Active |
| Mr Daniel Cutler | Individual | Shares 25–50% | 2018-04-04 | Ceased 2024-06-24 |
| Chrome Holdings Ltd | Corporate entity | Voting 25–50% | 2016-05-05 | Ceased 2018-04-04 |
| Mr Toby Huw Thomas Franklin | Individual | Significant influence | 2016-05-05 | Ceased 2016-05-05 |
| Mr Adam James Barron | Individual | Voting 25–50% | 2016-05-05 | Active |
Filing timeline
Last 20 of 217 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-30 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-07 | AA | accounts | Accounts with accounts type group | |
| 2025-10-01 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-04-30 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-12-16 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-12-13 | AA | accounts | Accounts with accounts type group | |
| 2024-11-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-09-26 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-07-17 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-07-17 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-06-06 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-02-12 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-11-17 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-11-17 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-11-08 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-10-23 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-10-11 | AA | accounts | Accounts with accounts type group | |
| 2023-09-12 | RP04SH01 | capital | Second filing capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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
+33.5%
£18,674,394 £24,935,929
-
Cash
+29.6%
£2,034,387 £2,635,914
-
Net assets
+5.3%
£18,813,014 £19,803,299
-
Employees
+23.6%
55 68
-
Operating profit
+12.8%
£10,262,676 £11,575,774
-
Profit before tax
-64.8%
£3,944,242 £1,386,530
-
Wages
+29.8%
£2,908,404 £3,775,911
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