READYPOWER TERRAWISE LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-07-27 (in 2mo)
Last made up 2025-07-13
Watchouts
None on the register
Cash
£621K
-68.3% vs 2023
Net assets
£6M
+13.1% vs 2023
Employees
67
+21.8% vs 2023
Profit before tax
£988K
-53.2% vs 2023
Name history
Renamed 1 time since incorporation
- READYPOWER TERRAWISE LIMITED 2018-01-12 → present
- TERRAWISE CONSTRUCTION LTD 2006-07-13 → 2018-01-12
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £20,343,000 | £17,061,000 | |
| Operating profit | £2,043,000 | £956,000 | |
| Profit before tax | £2,112,000 | £988,000 | |
| Net profit | £1,630,000 | £740,000 | |
| Cash | £1,960,000 | £621,000 | |
| Total assets less current liabilities | £5,958,000 | £6,545,000 | |
| Net assets | £5,663,000 | £6,403,000 | |
| Equity | £5,663,000 | £6,403,000 | |
| Average employees | 55 | 67 | |
| Wages | £3,500,000 | £3,811,000 |
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 | 10.0% | 5.6% | |
| Net margin | 8.0% | 4.3% | |
| Return on capital employed | 34.3% | 14.6% | |
| Gearing (liabilities / total assets) | 39.9% | 39.4% | |
| Current ratio | 2.63x | 2.57x |
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
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the time of approving the financial statements, the directors have a reasonable expectation that the Group and company has adequate resources to continue in operational existence for the foreseeable future both through its own resources and through the resource and support of the parent company, Angel Trains Limited. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”
Significant events
- “The company continued its strategy of widening its geographic coverage with further contract wins in Scotland and Northern Ireland and Wales, whilst also securing new works in new territories and clients for the company across England.”
- “The company has been affected by the market downturn, particularly the significant slowdown in the rail sector during the first year of CP7. Additionally, rising costs of fuel, materials, haulage, and labour within the UK have further impacted operations.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 11 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| OLIVER, James Richard | Secretary | 2024-04-01 | — | — |
| COCKAYNE, Timothy Noel | Director | 2026-02-09 | Jul 1978 | British |
| MATTHEWS, Darren Clive | Director | 2023-05-15 | Mar 1968 | British |
| OLIVER, James Richard | Director | 2023-05-15 | Jan 1978 | British |
| WORSLEY, Stuart John | Director | 2023-09-01 | Aug 1972 | British |
Show 11 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CROSSEN, James Michael | Secretary | 2006-07-13 | 2023-09-07 |
| SECRETARIAL APPOINTMENTS LIMITED | Corporate Nominee Secretary | 2006-07-13 | 2006-07-13 |
| BURROWS, Jamie | Director | 2006-07-13 | 2022-08-01 |
| CROSSEN, James Michael | Director | 2006-07-13 | 2023-09-07 |
| DEVANNEY, William Gerard | Director | 2017-11-23 | 2025-04-30 |
| HEPBURN, Anthony Michael | Director | 2017-11-23 | 2022-10-27 |
| JACK, Russell | Director | 2017-11-23 | 2026-03-31 |
| JACKSON, Christopher John | Director | 2006-07-13 | 2017-03-31 |
| LONG, Darren John | Director | 2006-07-13 | 2017-11-23 |
| MCLAREN, Andrew | Director | 2022-08-01 | 2024-04-26 |
| CORPORATE APPOINTMENTS LIMITED | Corporate Nominee Director | 2006-07-13 | 2006-07-13 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Readypower Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-11-16 | Active |
| Readypower Rail Services Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-11-23 | Ceased 2022-11-16 |
Filing timeline
Last 20 of 104 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-31 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-19 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-15 | AA | accounts | Accounts with accounts type full | |
| 2025-07-15 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2025-07-14 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-07-10 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-14 | CH01 | officers | Change person director company with change date | |
| 2024-09-18 | AA | accounts | Accounts with accounts type full | |
| 2024-07-16 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-05-08 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-11 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-09-20 | AA | accounts | Accounts with accounts type full | |
| 2023-09-07 | TM01 | officers | Termination director company with name termination date | |
| 2023-09-07 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-09-07 | AP01 | officers | Appoint person director company with name date | |
| 2023-08-15 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-08-15 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-07-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-19 | AP01 | officers | Appoint person director company with name date | |
| 2023-05-19 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 1
- 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
-16.1%
£20,343,000 £17,061,000
-
Cash
-68.3%
£1,960,000 £621,000
-
Net assets
+13.1%
£5,663,000 £6,403,000
-
Employees
+21.8%
55 67
-
Operating profit
-53.2%
£2,043,000 £956,000
-
Profit before tax
-53.2%
£2,112,000 £988,000
-
Wages
+8.9%
£3,500,000 £3,811,000
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