TWI LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-12-20 (in 7mo)
Last made up 2025-12-06
Watchouts
None on the register
Cash
£29M
-1.4% vs 2023
Net assets
£95M
-0.6% vs 2023
Employees
491
-4.1% vs 2023
Profit before tax
-£7M
-218.6% vs 2023
Name history
Renamed 1 time since incorporation
- TWI LIMITED 1999-12-14 → present
- FELTONIA LIMITED 1999-10-14 → 1999-12-14
Net assets
2-year trend · vs Real Estate median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £68,823,000 | £60,639,000 | |
| Operating profit | £9,983,000 | £3,979,000 | |
| Profit before tax | £6,194,000 | -£7,344,000 | |
| Net profit | £4,522,000 | -£5,522,000 | |
| Cash | £29,567,000 | £29,141,000 | |
| Total assets less current liabilities | £182,721,000 | £168,888,000 | |
| Net assets | £95,740,000 | £95,168,000 | |
| Equity | £95,740,000 | £95,168,000 | |
| Average employees | 512 | 491 | |
| Wages | £25,920,000 | £25,004,000 |
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 | 14.5% | 6.6% | |
| Net margin | 6.6% | -9.1% | |
| Return on capital employed | 5.5% | 2.4% | |
| Gearing (liabilities / total assets) | 58.2% | 55.5% | |
| Current ratio | 1.63x | 1.54x | |
| Interest cover | 4.45x | 1.68x |
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
- Grant Thornton UK LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have assessed the continued appropriateness of preparing these financial statements on the going concern basis. Based on this assessment the Directors remain satisfied that the Company has sufficient resources to meet its ongoing obligations as and when they fall due and that it is appropriate for these financial statements to be prepared on the going concern basis”
Group structure
- TWI LIMITED · parent
- TWI Training and Consultancy Limited 100%
- TWI (India) Pvt Limited 100%
- TWI Middle East FZ-LLC 100%
- TWI Technology Middle East LLC 100%
- TWI Technology Engineering (Private) Ltd 100%
- TWI North America LLC 100%
- TWI Global Technology Centre Pte Ltd 100%
- TWI Turkey Muhendislik Tic Ltd sti 50%
- TWI Gulf WLL 100%
- TWI Kazakhstan LLP 100%
- Fullagar Technologies Limited 100%
- TWI Technology Centre (Yorkshire) Limited 100%
- Abington Park Limited 100%
Significant events
- “sale of TWI Hellas in 2024 and the start of the closures of TWI Azerbaijan and TWI Pakistan in 2025”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 20 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GREGORY, Jason Ian | Director | 2025-10-07 | Jun 1973 | British |
| GUMBLE, Caroline Olive Mary, Dr | Director | 2025-07-07 | Jun 1961 | British |
| LEE, Malcolm Timothy | Director | 2025-09-29 | Sep 1982 | British |
| STEWART, Leonie | Director | 2022-10-21 | Feb 1971 | British |
| WOOLLIN, Paul, Dr | Director | 2020-01-01 | Mar 1963 | British |
| WRATHMALL, David Dowell | Director | 2024-04-29 | Dec 1965 | British |
Show 20 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DAWKINS, Robert Victor Michael | Secretary | 1999-12-23 | 2010-08-19 |
| LEECH, Gillian Astrid | Secretary | 2010-08-19 | 2020-01-01 |
| SHORT, John Richard | Secretary | 1999-11-10 | 1999-12-23 |
| RM REGISTRARS LIMITED | Corporate Nominee Secretary | 1999-10-14 | 1999-11-10 |
| ARCHER, Rebecca | Director | 2021-04-19 | 2021-06-15 |
| ASLAM, Shahid Abbass | Director | 2020-02-01 | 2024-05-21 |
| GAN, Tat-Hean | Director | 2020-03-01 | 2024-07-29 |
| HASNAIN, Zafar | Director | 2020-01-02 | 2021-01-01 |
| HILL, John Thomas | Director | 2022-04-18 | 2025-06-30 |
| KHALID, Aamir | Director | 2019-02-01 | 2024-05-01 |
| LEECH, Gillian Astrid | Director | 2016-05-17 | 2020-01-01 |
| MALEKI, Shervin | Director | 2020-01-01 | 2023-05-12 |
| RUSSELL, Mike | Director | 2020-01-01 | 2022-10-21 |
| SHI, Gongqi | Director | 2020-01-01 | 2022-06-01 |
| SHORT, John Richard | Director | 1999-11-10 | 1999-12-23 |
| STEWART, Leonie | Director | 2021-07-16 | 2022-10-21 |
| WIESNER, Christoph Stefan | Director | 2010-09-30 | 2019-01-31 |
| WOMACK, Michael Thomas | Director | 1999-11-10 | 1999-12-23 |
| RM NOMINEES LIMITED | Corporate Nominee Director | 1999-10-14 | 1999-11-10 |
| THE WELDING INSTITUTE | Corporate Director | 1999-12-23 | 2021-01-19 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| The Welding Institute | Corporate entity | Shares 75–100% | 2019-11-19 | Active |
| Mrs Gillian Astrid Leech | Individual | Significant influence | 2016-10-01 | Ceased 2019-11-19 |
| Mr Michael Jonathan Russell | Individual | Significant influence | 2016-10-01 | Ceased 2019-11-19 |
| Mr Paul Woollin | Individual | Significant influence | 2016-10-01 | Ceased 2019-11-19 |
| Professor Aamir Khalid | Individual | Significant influence | 2016-10-01 | Ceased 2019-11-19 |
| Mr Christoph Stefan Wiesner | Individual | Significant influence | 2016-10-01 | Ceased 2019-02-01 |
| Mr Gholamreza Razmjoo | Individual | Significant influence | 2016-10-01 | Ceased 2017-01-31 |
Filing timeline
Last 20 of 127 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-16 | AA | accounts | Accounts with accounts type full | |
| 2025-10-08 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-30 | CH01 | officers | Change person director company with change date | |
| 2025-09-29 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-07 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-30 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-10-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-08 | AA | accounts | Accounts with accounts type full | |
| 2024-07-30 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-22 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-10 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-02 | TM01 | officers | Termination director company with name termination date | |
| 2023-12-07 | AA | accounts | Accounts with accounts type full | |
| 2023-10-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-23 | TM01 | officers | Termination director company with name termination date | |
| 2023-05-19 | AA | accounts | Accounts with accounts type full | |
| 2022-10-25 | AP01 | officers | Appoint person director company with name date | |
| 2022-10-25 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 3
- 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
-11.9%
£68,823,000 £60,639,000
-
Cash
-1.4%
£29,567,000 £29,141,000
-
Net assets
-0.6%
£95,740,000 £95,168,000
-
Employees
-4.1%
512 491
-
Operating profit
-60.1%
£9,983,000 £3,979,000
-
Profit before tax
-218.6%
£6,194,000 -£7,344,000
-
Wages
-3.5%
£25,920,000 £25,004,000
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