UK ELECTRIC LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-09-04 (in 4mo)
Last made up 2025-08-21
Watchouts
None on the register
Cash
£27M
+6.9% vs 2023
Net assets
£52M
+6.8% vs 2023
Employees
213
+4.9% vs 2023
Profit before tax
£15M
+24.3% vs 2023
Name history
Renamed 3 times since incorporation
- UK ELECTRIC LIMITED 2013-08-30 → present
- U.K. ELECTRIC LIMITED 1995-12-19 → 2013-08-30
- U.K. SPARES LIMITED 1993-11-23 → 1995-12-19
- STEARN SPARES LIMITED 1992-08-21 → 1993-11-23
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 | £101,989,000 | £120,094,000 | |
| Operating profit | £10,938,000 | £12,847,000 | |
| Profit before tax | £11,732,000 | £14,585,000 | |
| Net profit | £8,958,000 | £10,840,000 | |
| Cash | £24,962,000 | £26,673,000 | |
| Total assets less current liabilities | £49,879,000 | £53,168,000 | |
| Net assets | £49,003,000 | £52,343,000 | |
| Equity | £49,003,000 | £52,343,000 | |
| Average employees | 203 | 213 | |
| Wages | £11,728,000 | £13,537,000 |
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 | 10.7% | 10.7% | |
| Net margin | 8.8% | 9.0% | |
| Return on capital employed | 21.9% | 24.2% | |
| Current ratio | 2.76x | 2.61x | |
| Interest cover | 575.68x | 298.77x |
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
- Fiander Tovell Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After considering the Company's performance in the year to 31 December 2024, its future prospects and its cash flow forecasts, the Directors have full expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and at least for a period of twelve months from the date the financial statements are signed. In the unlikely event additional finance is required, Group support is confirmed as available. For this reason, the Directors continue to adopt the going concern basis in preparing the financial statements.”
Group structure
- UK ELECTRIC LIMITED · parent
- ABGO Equipment Sales Limited 100%
- Capital Cables Limited 100%
- Education Maintenance Services Limited 100%
- Electrical Trades Supply Limited 100%
- Fyfe & McGrouther Limited 100%
- H & V Controls Limited 100%
- IVAC Limited 100%
- Kirkby Components Limited 100%
- UK Drives Limited 100%
- UK Spares Limited 100%
- Western Automation Limited 100%
Significant events
- “On 1 April 2024, Newbury Investments (UK) Limited acquired 100% of the share capital of Exterior Lighting Solutions Holdings Ltd and on the same day transferred the trade and assets of its subsidiary Exterior Lighting Solutions Ltd into the company.”
- “On 1 February 2025, Newbury Investments (UK) Limited acquired 100% of the share capital of Cable Systems Ltd and on the same day transferred its trade and assets into the company.”
- “On 1 July 2025, Newbury Investments (UK) Limited acquired 100% of the share capital of Marwood Electrical Ltd and on the same day transferred its trade and assets into the company.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| YU, Leo | Secretary | 2018-01-01 | — | — |
| WESTBROOK, Steven | Director | 2000-04-27 | Feb 1956 | British |
| YU, Leo | Director | 2018-01-01 | Jun 1984 | British |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ELSEGOOD, Philip Graham | Secretary | 1992-08-21 | 1994-08-31 |
| JOHNSON, Richard Keith | Secretary | 1994-08-31 | 2000-09-29 |
| WESTBROOK, Steven | Secretary | 2000-09-29 | 2018-01-01 |
| YORK PLACE COMPANY SECRETARIES LIMITED | Corporate Nominee Secretary | 1992-08-21 | 1992-08-21 |
| BRAIN, Hugh Raymond | Director | 1992-08-21 | 1995-08-31 |
| COLBURN, Richard Whiting | Director | 1993-12-20 | 2009-07-27 |
| ELSEGOOD, Philip Graham | Director | 1993-12-20 | 1994-08-31 |
| EVANS, Raymond | Director | 1993-12-20 | 2011-01-18 |
| FALCONER, Ian Gordon | Director | 1993-12-20 | 1999-04-09 |
| MILLS, Michael Payton | Director | 1995-09-01 | 2005-12-30 |
| PALMER, Nigel John | Director | 2005-12-30 | 2026-04-01 |
| YORK PLACE COMPANY NOMINEES LIMITED | Corporate Nominee Director | 1992-08-21 | 1992-08-21 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Leo Yu | Individual | Significant influence | 2018-01-01 | Ceased 2020-05-06 |
| Mr Lee Coffin | Individual | Significant influence | 2016-04-06 | Ceased 2020-05-14 |
| Mr Steven Westbrook | Individual | Significant influence | 2016-04-06 | Ceased 2020-05-06 |
| Mr Nigel John Palmer | Individual | Significant influence | 2016-04-06 | Ceased 2020-05-06 |
| Newbury Investments (Uk) Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 120 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-29 | AA | accounts | Accounts with accounts type full | |
| 2025-08-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-02 | AA | accounts | Accounts with accounts type full | |
| 2024-08-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-19 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-10-05 | AA | accounts | Accounts with accounts type full | |
| 2023-08-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-29 | AA | accounts | Accounts with accounts type full | |
| 2022-08-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-10-05 | AA | accounts | Accounts with accounts type full | |
| 2021-08-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-03-16 | AA | accounts | Accounts with accounts type full | |
| 2020-09-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-05-14 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2020-05-06 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2020-05-06 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2020-05-06 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2019-10-10 | AA | accounts | Accounts with accounts type full | |
| 2019-08-23 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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
+17.8%
£101,989,000 £120,094,000
-
Cash
+6.9%
£24,962,000 £26,673,000
-
Net assets
+6.8%
£49,003,000 £52,343,000
-
Employees
+4.9%
203 213
-
Operating profit
+17.5%
£10,938,000 £12,847,000
-
Profit before tax
+24.3%
£11,732,000 £14,585,000
-
Wages
+15.4%
£11,728,000 £13,537,000
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