TESLA ENGINEERING LIMITED
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Next accounts due
2026-11-30 (in 6mo)
Last filed for 2025-02-28
Confirmation statement due
2026-08-22 (in 3mo)
Last made up 2025-08-08
Watchouts
None on the register
Cash
£12M
+179.7% vs 2024
Net assets
£36M
+14% vs 2024
Employees
646
-1.8% vs 2024
Profit before tax
£16M
+83.9% vs 2024
Name history
Renamed 1 time since incorporation
- TESLA ENGINEERING LIMITED 1993-03-02 → present
- GRANDRECORD LIMITED 1993-02-04 → 1993-03-02
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2025-02-28
| Metric | Trend | 2024-02-29 | 2025-02-28 |
|---|---|---|---|
| Turnover | £87,332,000 | £89,480,000 | |
| Operating profit | £8,423,000 | £15,369,000 | |
| Profit before tax | £8,503,000 | £15,640,000 | |
| Net profit | £7,255,000 | £9,631,000 | |
| Cash | £4,419,000 | £12,361,000 | |
| Total assets less current liabilities | £36,154,000 | £42,235,000 | |
| Net assets | £31,832,000 | £36,274,000 | |
| Equity | £31,832,000 | £36,274,000 | |
| Average employees | 658 | 646 | |
| Wages | £27,387,000 | £27,133,000 |
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 | 2024-02-29 | 2025-02-28 |
|---|---|---|---|
| Operating margin | 9.6% | 17.2% | |
| Net margin | 8.3% | 10.8% | |
| Return on capital employed | 23.3% | 36.4% | |
| Gearing (liabilities / total assets) | 61.4% | 61.9% | |
| Current ratio | 1.20x | 1.26x | |
| Interest cover | 79.46x | 170.77x |
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
- Consolidated group
- Auditor
- Kreston Reeves LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors therefore have a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.”
Group structure
- TESLA ENGINEERING LIMITED · parent
- Everson Tesla Inc. 100%
- Tesla NL Holdings B.V. 100%
- TeslaEng Equipment Maintenance (Chengdu) Co Ltd 100%
- Tesla Dynamic Coils B.V. 100%
- Futura Composites B.V. 100%
Significant events
- “The current conflict in Eastern Europe is increasing the Group's energy costs, and some materials and freight costs. However, at this time the Group has been able to source materials in order to maintain production. This situation is being constantly monitored.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BEGG, Michael Colin, Dr | Secretary | 1993-02-18 | — | British |
| BATES, Stephen Andrew | Director | 1995-08-01 | Jul 1965 | British |
| BEGG, Michael Colin, Dr | Director | 1993-02-18 | May 1959 | British |
| CRACKNELL, David Paul | Director | 1997-01-28 | Apr 1966 | British |
| LEIGH, Benjamin David | Director | 2003-09-26 | Jul 1973 | British |
| RAMAGE, James Cumming, Dr | Director | 1995-07-12 | Mar 1951 | British |
| VAN LEUSEN, Marc Henry | Director | 2018-10-05 | Apr 1965 | Dutch |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 1993-02-04 | 1993-02-18 |
| SELLERS, Michael Ben | Director | 1997-10-28 | 2001-07-26 |
| WHEATLEY, John Alexander | Director | 1993-02-18 | 1995-07-12 |
| INSTANT COMPANIES LIMITED | Corporate Nominee Director | 1993-02-04 | 1993-02-18 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Dr Michael Colin Begg | Individual | Significant influence | 2016-04-06 | Active |
Filing timeline
Last 20 of 140 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-02 | AA | accounts | Accounts with accounts type group | |
| 2025-09-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-27 | AA | accounts | Accounts with accounts type group | |
| 2024-09-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-18 | AA | accounts | Accounts with accounts type group | |
| 2023-10-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-03-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-11-21 | AA | accounts | Accounts with accounts type group | |
| 2022-03-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-11-15 | AA | accounts | Accounts with accounts type group | |
| 2021-04-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-11-11 | AA | accounts | Accounts with accounts type group | |
| 2020-02-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-11-12 | AA | accounts | Accounts with accounts type group | |
| 2019-02-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2018-11-21 | AA | accounts | Accounts with accounts type group | |
| 2018-10-30 | CH01 | officers | Change person director company with change date | |
| 2018-10-30 | CH01 | officers | Change person director company with change date | |
| 2018-10-30 | AP01 | officers | Appoint person director company with name date | |
| 2018-02-06 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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
FY2024 → FY2025 · period ending 2025-02-28 vs 2024-02-29
-
Turnover
+2.5%
£87,332,000 £89,480,000
-
Cash
+179.7%
£4,419,000 £12,361,000
-
Net assets
+14%
£31,832,000 £36,274,000
-
Employees
-1.8%
658 646
-
Operating profit
+82.5%
£8,423,000 £15,369,000
-
Profit before tax
+83.9%
£8,503,000 £15,640,000
-
Wages
-0.9%
£27,387,000 £27,133,000
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