MARUBENI-ITOCHU TUBULARS EUROPE PLC
Get an alert when MARUBENI-ITOCHU TUBULARS EUROPE PLC files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Next accounts due
2026-09-30 (in 4mo)
Last filed for 2025-03-31
Confirmation statement due
2026-10-22 (in 5mo)
Last made up 2025-10-08
Watchouts
None on the register
Cash
£6M
+125.6% vs 2024
Net assets
£51M
-0.5% vs 2024
Employees
54
+3.8% vs 2024
Profit before tax
£4M
-55.3% vs 2024
Name history
Renamed 2 times since incorporation
- MARUBENI-ITOCHU TUBULARS EUROPE PLC 2001-12-14 → present
- ITOCHU PIPE & PROJECT MANAGEMENT (EUROPE) PLC 1998-12-23 → 2001-12-14
- ITOCHU PIPE AND PROJECT MANAGEMENT EUROPE PLC 1998-12-04 → 1998-12-23
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £342,126,761 | £140,072,646 | |
| Operating profit | £11,624,907 | £4,481,097 | |
| Profit before tax | £8,475,908 | £3,792,439 | |
| Net profit | £6,315,048 | £2,939,956 | |
| Cash | £2,743,514 | £6,188,288 | |
| Total assets less current liabilities | £51,670,126 | £51,414,381 | |
| Net assets | £51,610,823 | £51,357,302 | |
| Equity | £51,610,823 | £51,357,302 | |
| Average employees | 52 | 54 | |
| Wages | £5,430,689 | £5,317,272 |
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 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | 3.4% | 3.2% | |
| Net margin | 1.8% | 2.1% | |
| Return on capital employed | 22.5% | 8.7% | |
| Gearing (liabilities / total assets) | 67.3% | 59.1% | |
| Current ratio | 1.48x | 1.67x | |
| Interest cover | 3.84x | 4.52x |
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
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the going concern period and consider that it is appropriate for the financial statements to be prepared on a going concern basis.”
Group structure
- MARUBENI-ITOCHU TUBULARS EUROPE PLC · parent
- Marubeni-Itochu Tubulars Egypt LLC 99.9%
Significant events
- “Turnover decreased by 59% year on year due to the reduction in large line pipe projects in the year to 31 March 2025, as noted above. This was also 32% below budget due to sales which will now be delivered in the year to 31 March 2026.”
- “The number of employees increased to 54 at 31 March 2025 (31 March 2024: 52) in anticipation of large projects for both line pipe and Oil Country Tubular Good (OCTG) in the year to 31 March 2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 52 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ARAKAWA, Kasei | Secretary | 2026-05-01 | — | — |
| AOKI, Hajimu | Director | 2025-05-01 | Sep 1980 | Japanese |
| IKEDO, Taro | Director | 2025-04-01 | Aug 1975 | Japanese |
| KANEKO, Yoshihisa | Director | 2025-04-01 | Mar 1968 | Japanese |
| KUNO, Kenta | Director | 2025-04-01 | Oct 1969 | Japanese |
| NAKANO, Yasuji | Director | 2026-04-01 | Feb 1967 | Japanese |
Show 52 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HAMILTON, Hedley Sinclair | Secretary | 1998-11-23 | 2001-01-01 |
| JENNINGS, Nina Victoria | Secretary | 2001-01-22 | 2026-04-30 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 1998-09-14 | 1998-11-23 |
| CHIBA, Susumu | Director | 2007-03-30 | 2009-04-01 |
| CHIKAHISA, Masashi | Director | 2014-04-23 | 2018-04-24 |
| FUJI, Eiichi | Director | 2020-03-31 | 2026-03-31 |
| FUJITA, Eiji | Director | 2010-04-12 | 2012-04-03 |
| FUKUNAGA, Yoshifumi | Director | 2001-12-18 | 2003-01-01 |
| FURUSAWA, Motoi | Director | 2021-04-01 | 2023-03-31 |
| FURUTATE, Shigeki | Director | 2005-04-29 | 2007-04-01 |
| HAGA, Yuji | Director | 2014-04-15 | 2017-03-31 |
| HATANO, Junichi | Director | 2016-04-18 | 2018-04-24 |
| HIRAHARA, Kentaro | Director | 2021-04-01 | 2025-04-14 |
| HIRANO, Toji | Director | 1998-11-23 | 2000-12-18 |
| IDEHARA, Hisashi | Director | 1999-01-01 | 2001-12-18 |
| IKEMOTO, Koichi | Director | 2023-04-01 | 2024-03-31 |
| INAMI, Akira | Director | 1999-01-01 | 2000-12-18 |
| ISHITANI, Makoto | Director | 2009-04-01 | 2012-04-03 |
| KAKO, Junya | Director | 2012-10-01 | 2014-01-21 |
| KANEDA, Tomohito | Director | 2010-04-01 | 2013-04-22 |
| KAWAI, Masaaki | Director | 2018-04-24 | 2020-03-31 |
| KOBAYASHI, Shigeru | Director | 1998-11-23 | 1999-01-01 |
| KOJIMA, Toru | Director | 2024-04-01 | 2025-04-14 |
| KONNO, Teruki | Director | 2018-10-11 | 2022-03-31 |
| MINAGAWA, Kiyoshi | Director | 2000-12-18 | 2005-08-30 |
| MITOMI, Takeshi | Director | 2004-04-29 | 2007-04-08 |
| NAGATA, Osamu | Director | 2014-05-30 | 2015-05-26 |
| NAKAGAWA, Taizo | Director | 2018-04-24 | 2021-03-31 |
| NAKATSUKA, Tatsuo | Director | 2007-04-01 | 2010-04-01 |
| NAKATSUKA, Tatsuo | Director | 2000-12-18 | 2003-01-01 |
| NISHIO, Fumitaka | Director | 2014-04-11 | 2018-04-24 |
| OHATA, Nobuyoshi | Director | 2018-07-12 | 2024-03-31 |
| OHATA, Nobuyoshi | Director | 2018-04-24 | 2018-07-12 |
| OJIMA, Hisayoshi | Director | 2014-04-11 | 2014-05-30 |
| SAKAI, Ken | Director | 2024-04-01 | 2025-04-30 |
| SAKAI, Shinichi | Director | 2007-04-08 | 2012-04-24 |
| SHIMADA, Koji | Director | 2012-04-03 | 2016-04-18 |
| SONE, Hiraku | Director | 2001-12-18 | 2004-07-28 |
| SUZUKI, Shuji | Director | 2015-05-26 | 2016-04-18 |
| TAKAO, Atsushi | Director | 2012-04-03 | 2014-04-11 |
| TANIMOTO, Masakazu | Director | 2016-04-18 | 2017-03-31 |
| TANIMOTO, Masakazu | Director | 2013-04-22 | 2014-04-11 |
| TASHIRO, Yasuhisa | Director | 2020-03-31 | 2025-03-31 |
| TOMIKAWA, Kiyoshi | Director | 2017-04-01 | 2020-03-31 |
| USHINO, Kenichiro | Director | 2003-01-01 | 2004-04-29 |
| WATANABE, Naoki | Director | 2012-04-23 | 2014-04-28 |
| YAKUSHIJI, Yasuhiro | Director | 2015-11-02 | 2019-04-02 |
| YAMAMOTO, Masahiro | Director | 2006-04-24 | 2006-10-26 |
| YOKOKAWA, Masahiro | Director | 2003-01-01 | 2007-03-30 |
| YONEDA, Junzo | Director | 1999-11-01 | 2001-12-18 |
| INSTANT COMPANIES LIMITED | Corporate Nominee Director | 1998-09-14 | 1998-11-23 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Director | 1998-09-14 | 1998-11-23 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Marubeni Corporation | Corporate entity | Shares 25–50% | 2016-04-06 | Active |
| Itochu Corporation | Corporate entity | Shares 25–50% | 2016-04-06 | Active |
Filing timeline
Last 20 of 187 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-05 | AP03 | officers | Appoint person secretary company with name date | |
| 2026-05-05 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-04-07 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-07 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-10 | CH01 | officers | Change person director company with change date | |
| 2025-10-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-03 | AA | accounts | Accounts with accounts type group | |
| 2025-05-02 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-15 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-15 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-02 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-02 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-02 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-02 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-23 | AA | accounts | Accounts with accounts type group | |
| 2024-04-02 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-02 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-02 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 0
- Officers appointed
- 3
- Officers resigned
- 2
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 2025-03-31 vs 2024-03-31
-
Turnover
-59.1%
£342,126,761 £140,072,646
-
Cash
+125.6%
£2,743,514 £6,188,288
-
Net assets
-0.5%
£51,610,823 £51,357,302
-
Employees
+3.8%
52 54
-
Operating profit
-61.5%
£11,624,907 £4,481,097
-
Profit before tax
-55.3%
£8,475,908 £3,792,439
-
Wages
-2.1%
£5,430,689 £5,317,272
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