EEF LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-10-06 (in 5mo)
Last made up 2025-09-22
Watchouts
Cash
£3M
+146.7% vs 2023
Net assets
£52M
+2.9% vs 2023
Employees
409
+10.5% vs 2023
Profit before tax
£5M
-2% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
5 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £38,543,000 | £39,216,000 | |
| Operating profit | £576,000 | £941,000 | |
| Profit before tax | £4,849,000 | £4,753,000 | |
| Net profit | £1,601,000 | £3,934,000 | |
| Cash | £1,206,000 | £2,975,000 | |
| Total assets less current liabilities | £58,776,000 | £61,806,000 | |
| Net assets | £50,429,000 | £51,889,000 | |
| Equity | £50,429,000 | £51,889,000 | |
| Average employees | 370 | 409 | |
| Wages | £17,675,000 | £18,375,000 |
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 | 1.5% | 2.4% | |
| Net margin | 4.2% | 10.0% | |
| Return on capital employed | 1.0% | 1.5% | |
| Gearing (liabilities / total assets) | 31.1% | 30.6% | |
| Current ratio | 0.91x | 1.07x | |
| Interest cover | 5.43x | 2.66x |
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
- HaysMac LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the Directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.”
Group structure
- EEF LIMITED · parent
- Bhayani Law Ltd 100%
- Northern Defence Industries Ltd 100%
- NDI (UK) Ltd 100%
Significant events
- “On 22 October 2024 EEF Ltd acquired the entire share capital of Bhayani Law Ltd, a SRA regulated legal firm specialising in Employment Law and HR services for a purchase consideration of £2.6m.”
- “2024 saw seismic political shifts in the UK with the election of the first Labour government in 14 years.”
- “In late 2024 a decision was taken to establish a special interest group, Electrify Industry, powered by Make UK, and spearheaded by several key manufacturers who signed up as inaugural members of the group.”
- “The Company also established an Industrial Strategy Skills Commission during the year to address another significant concern among members regarding the lack of appropriate skills in the workforce and the policy challenges that had exacerbated this.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
10 active · 54 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MCMILLAN, Jenny | Secretary | 2022-08-01 | — | — |
| ADAMS, Austen Mark | Director | 2025-09-18 | Jan 1965 | British |
| FORSYTH, Robert Gordon Neil Stewart | Director | 2025-03-27 | Mar 1959 | British |
| GLAZEBROOK, Rosemary Pema | Director | 2025-03-27 | Dec 1968 | British |
| GREENWAY, Richard Ian | Director | 2020-03-01 | Sep 1976 | British |
| HARRINGTON, Richard Irwin, Lord | Director | 2025-03-28 | Nov 1957 | British |
| HARRY, Louise Ellen | Director | 2024-09-18 | Jun 1974 | British |
| PHIPSON, Stephen | Director | 2017-12-01 | Dec 1961 | British |
| REA, Christopher John | Director | 2026-03-26 | Jan 1954 | British |
| WATSON, Ann | Director | 2023-03-09 | Jan 1971 | British |
Show 54 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CHARLICK, Simon Robert | Secretary | 2008-06-13 | 2010-06-02 |
| GREENWAY, Richard | Secretary | 2020-03-31 | 2022-08-01 |
| JENNINGS, Paul Russell | Secretary | 2010-07-28 | 2020-03-31 |
| BWB SECRETARIAL LIMITED | Corporate Secretary | 2006-09-28 | 2008-06-13 |
| ADAM, Henrik, Dr | Director | 2011-06-29 | 2018-11-28 |
| BLATCHFORD, Brian Stephen | Director | 2017-08-11 | 2018-11-28 |
| BLENKINSOP, Nigel | Director | 2017-07-26 | 2018-11-28 |
| BOWEN, Simon Christopher | Director | 2017-05-31 | 2019-11-07 |
| BRAMWELL, David Nicholas | Director | 2016-09-28 | 2018-08-06 |
| CHARLICK, Simon Robert | Director | 2008-06-13 | 2010-06-02 |
| CHURCHILL, Andrew James | Director | 2009-06-03 | 2019-10-07 |
| ELLIOTT, Phillip David | Director | 2008-10-01 | 2016-06-29 |
| FELL, Jonathan Charles Stuart | Director | 2009-11-04 | 2017-07-26 |
| FLAVELL, Martin | Director | 2011-06-29 | 2017-07-26 |
| FLETCHER, Ben | Director | 2021-04-01 | 2025-09-18 |
| FLETCHER, Robin Charles | Director | 2019-02-01 | 2025-09-18 |
| FOWLER, Ian Ronald | Director | 2008-10-01 | 2016-06-29 |
| GARDNER, John Robert Macara | Director | 2021-01-21 | 2021-03-29 |
| GREENHAM, James Richard | Director | 2021-01-21 | 2025-05-19 |
| GUMBLE, Caroline Olive Mary | Director | 2015-09-30 | 2019-07-31 |
| HACKITT, Judith Elizabeth, Dame | Director | 2016-05-24 | 2022-03-31 |
| HAIRD, Susan Margaret | Director | 2012-09-27 | 2018-11-28 |
| HAMMERSLEY, Anthony Charles | Director | 2008-10-01 | 2011-06-29 |
| HOLLIDAY, Brian Aubrey | Director | 2015-05-19 | 2024-09-18 |
| HOUGH, Andrea Lee | Director | 2016-04-27 | 2018-11-28 |
| HUTTON, John Matthew, Lord | Director | 2022-04-01 | 2025-03-27 |
| JENKINS, Gareth Mansel | Director | 2008-10-01 | 2012-03-29 |
| JENNINGS, Paul Russell | Director | 2011-06-29 | 2020-03-31 |
| JONES, David Edward | Director | 2019-02-01 | 2025-09-18 |
| KESSLER, George Bernard | Director | 2010-05-05 | 2011-01-19 |
| KIRK, Michael David | Director | 2008-10-01 | 2009-05-06 |
| KITE, Phil | Director | 2010-10-28 | 2018-01-25 |
| LYNNE, Liz | Director | 2012-04-25 | 2015-06-24 |
| MAIER, Juergen Wolfgang, Professor | Director | 2010-05-05 | 2015-01-28 |
| MALAM, Thomas John | Director | 2008-10-01 | 2009-01-08 |
| MARSHALL, Robert David | Director | 2011-09-28 | 2020-11-05 |
| MCLELLAN, Cameron | Director | 2011-06-29 | 2015-06-24 |
| MCQUILLAN, Stephen | Director | 2016-01-27 | 2018-11-28 |
| MORRIS, Fiona Gillian | Director | 2021-01-21 | 2026-03-08 |
| NIX, Grahame Richard | Director | 2008-10-01 | 2012-06-27 |
| PEDDER, Anthony Paul | Director | 2009-05-06 | 2018-11-21 |
| PEEL, John Aubrey | Director | 2008-10-01 | 2009-05-06 |
| PICKERING, Mark Ian | Director | 2008-10-01 | 2010-09-30 |
| SCUOLER, Terry Charles | Director | 2009-05-06 | 2017-11-30 |
| STUDD, Christopher Andrew Eric | Director | 2006-09-28 | 2007-09-05 |
| TEMPLE, Martin John | Director | 2008-10-01 | 2016-03-31 |
| TISSIMAN, John Joseph | Director | 2008-10-01 | 2011-06-29 |
| TOPPIN, Gilbert Anthony Lester | Director | 2008-06-13 | 2009-10-01 |
| VINTHER, Niels Christian | Director | 2008-10-01 | 2010-06-02 |
| WILLIAMS, Norman Barrie | Director | 2008-10-01 | 2009-05-06 |
| WILSON, Peter George | Director | 2008-10-01 | 2012-06-27 |
| WOOD, Alan John | Director | 2008-10-01 | 2009-05-06 |
| WRIGHT, Mike | Director | 2011-06-29 | 2017-07-26 |
| BWB (NO.2) LIMITED | Corporate Director | 2007-09-05 | 2008-06-13 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 178 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-26 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-20 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-19 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-18 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-18 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-18 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-06 | AA | accounts | Accounts with accounts type group | |
| 2025-05-20 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-28 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-27 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-27 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-27 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-20 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-19 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-06 | AA | accounts | Accounts with accounts type full | |
| 2023-10-27 | CH01 | officers | Change person director company with change date | |
| 2023-10-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-25 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 5
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
+1.7%
£38,543,000 £39,216,000
-
Cash
+146.7%
£1,206,000 £2,975,000
-
Net assets
+2.9%
£50,429,000 £51,889,000
-
Employees
+10.5%
370 409
-
Operating profit
+63.4%
£576,000 £941,000
-
Profit before tax
-2%
£4,849,000 £4,753,000
-
Wages
+4%
£17,675,000 £18,375,000
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