TURBO POWER SYSTEMS LIMITED

1. TURBO POWER SYSTEMS LIMITED 2006-07-04 → present
2. THE TURBO GENSET COMPANY LIMITED 1992-12-18 → 2006-07-04

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 102

Reporting scope

Standalone (parent only)

Auditor

S&W Partners Audit Limited

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. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. TURBO POWER SYSTEMS LIMITED · parent
   1. Turbo Power Systems Brasil Ltda 100% · Brazil · Manufacturing
   2. TPS Rail Limited 100% · As parent company · Manufacturing
   3. TPS Energy Limited 100% · As parent company · Manufacturing
   4. TPS Emachines Ltd 100% · As parent company · Manufacturing

Significant events

• “Turbo Power Systems Limited has reported a profit (after taxation) of £1,131,000 (2023: profit £674,000), following challenging trading conditions throughout 2024.”
• “Revenue in the year of £11 million, a decrease of £2 million on 2023 (£13 million), mainly due to current customers delaying receipts of current orders.”
• “During 2024 the company invested £1,010,000 (2023: £ 354,000) in intangible assets, including capitalised development costs. A further £678,000 (2023: £ 23,000) was invested in tangible assets.”
• “The Russian invasion of Ukraine and the war in the Middle East, including the escalation by the impact on shipping through the Red Sea, have an the impact on the company's supply chain.”
• “The energy market continued to grow in 2024 and, following signing of significant contracts towards the end of the year, is expected to grow further in 2025. The Company signed a Master Purchase Agreement for the delivery of electric vehicle charging systems to a large company in the US.”
• “During 2024 the overall headcount reduced from 128 to 116, including temporary staff and consultants.”

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

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

0

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

  -20.6%

  £13,464,000 → £10,691,000

• Cash

  +38.3%

  £744,000 → £1,029,000

• Net assets

  +50.1%

  £2,257,000 → £3,388,000

• Employees

  +0.8%

  119 → 120

• Operating profit

  +160.3%

  £567,000 → £1,476,000

• Profit before tax

  +229.2%

  £394,000 → £1,297,000

• Wages

  +6.4%

  £4,693,000 → £4,993,000

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