BTL-UK LTD

• ◆

  5 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

• ◆

  4 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. BTL-UK LTD 2020-06-09 → present
2. 02996260 LIMITED 2020-06-05 → 2020-06-09
3. DUNLOP BTL LIMITED 2015-03-31 → 2020-06-05
4. MEDWAY (UK) LTD 2012-04-12 → 2015-03-31
5. MEDWAY POWER TRANSMISSION LIMITED 2001-01-19 → 2012-04-12
6. MEDWAY BEARINGS & POWER TRANSMISSION LIMITED 1994-11-29 → 2001-01-19

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

Consolidated group

Auditor

Azets Audit Services

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“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 group's and parent 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. BTL-UK LTD · parent
   1. BTL Precision-UK Ltd 88%

Significant events

• “The group continues to perform well in terms of turnover and profitability, despite uncertain times with global unrest overseas and the cost of living crisis within the UK, we are pleased to report stable trading and the clearance of all company bank loans post year end.”
• “With one additional production machine planned for early 2025, and following a recent review, this confirms current production machinery and equipment is adequate and meets the group's ongoing requirements for 2025.”
• “The group's sustainability is of paramount importance, as we strive to reduce our impact on the environment and our surroundings. Two solar panel sites were completed in May 2023 and now provide up to 75% of our energy requirements.”

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

Filings

20

last 12 months

Capital events

1

last 24 months

Officers appointed

2

last 12 months

Officers resigned

5

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -0.4%

  £10,105,068 → £10,061,502

• Cash

  +228.8%

  £423,381 → £1,391,889

• Net assets

  +1.2%

  £11,738,826 → £11,875,280

• Employees

  +3.2%

  63 → 65

• Operating profit

  -40.2%

  £1,530,084 → £915,274

• Profit before tax

  -37.7%

  £1,434,660 → £893,677

• Wages

  +8%

  £1,715,572 → £1,853,672

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers