GKN HYBRID POWER LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-09-15 (in 4mo)
Last made up 2025-09-01
Watchouts
Cash
—
Latest balance sheet
Net assets
-£29M
Equity attributable
Employees
23
Average over period
Profit before tax
-£6M
Period ending 2024-12-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
Following a review of operations, it was announced in May 2024 that the Company will cease operations and be wound up at a future date. Directors prepared financial statements on a basis other than going concern due to planned cessation of principal activity, but believe sufficient funds exist to meet liabilities as they fall due.
Name history
Renamed 2 times since incorporation
- GKN HYBRID POWER LIMITED 2014-04-01 → present
- WILLIAMS HYBRID POWER LIMITED 2008-04-10 → 2014-04-01
- AUTOMOTIVE HYBRID POWER LIMITED 2006-11-21 → 2008-04-10
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 | £59,000 | £116,000 | |
| Operating profit | -£3,033,000 | -£4,598,000 | |
| Profit before tax | -£4,218,000 | -£6,164,000 | |
| Net profit | -£4,442,000 | -£7,069,000 | |
| Cash | — | — | |
| Total assets less current liabilities | -£21,603,000 | -£28,778,000 | |
| Net assets | -£21,709,000 | -£28,778,000 | |
| Equity | -£21,709,000 | -£28,778,000 | |
| Average employees | 31 | 23 | |
| Wages | £2,045,000 | £1,399,000 |
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 | -5140.7% | -3963.8% | |
| Net margin | -7528.8% | -6094.0% | |
| Return on capital employed | 14.0% | 16.0% | |
| Gearing (liabilities / total assets) | 1009.1% | 5890.3% | |
| Current ratio | 0.02x | 0.02x | |
| Interest cover | -2.56x | -2.94x |
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 101
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“Following a review of operations, it was announced in May 2024 that the Company will cease operations and be wound up at a future date. Directors prepared financial statements on a basis other than going concern due to planned cessation of principal activity, but believe sufficient funds exist to meet liabilities as they fall due.”
Significant events
- “On 29 January 2025, the Boards of Dowlais and American Axle & Manufacturing Holdings, Inc. (AAM) reached an agreement and recommended the share and cash combination of the Company with AAM. The transaction is expected to close during the fourth quarter of 2025, subject to customary closing conditions, including regulatory clearances.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 30 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| NICHOLSON, John David | Director | 2022-12-31 | Jun 1981 | British |
| WORRALL, Sean David, Mr. | Director | 2024-09-26 | Mar 1970 | British |
Show 30 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BIDDLE, Mark | Secretary | 2009-03-16 | 2014-03-31 |
| CRAWFORD, Jonathon Colin Fyfe | Secretary | 2018-07-04 | 2023-04-20 |
| FOLEY, Helen Anne | Secretary | 2006-11-21 | 2008-03-28 |
| MOFFAT, Jane Victoria | Secretary | 2008-03-29 | 2009-03-13 |
| PRAGG, Neil Michael | Secretary | 2014-03-31 | 2016-12-16 |
| GKN GROUP SERVICES LIMITED | Corporate Secretary | 2017-06-09 | 2019-04-12 |
| BAILEY, Claire Louise | Director | 2016-12-16 | 2018-03-12 |
| BARNES, Garry Elliot, Mr. | Director | 2018-07-04 | 2023-04-20 |
| BRINDLEY, Ian Michael | Director | 2020-03-01 | 2020-06-30 |
| BURNS, Alexander Mark | Director | 2008-03-28 | 2013-05-29 |
| CARTER, Richard Leigh | Director | 2018-03-12 | 2018-08-14 |
| CRAWFORD, Jonathon Colin Fyfe | Director | 2018-07-04 | 2023-04-20 |
| DAY, Gordon Michael Dorrington | Director | 2010-06-21 | 2022-12-31 |
| FOLEY, Ian David | Director | 2006-11-21 | 2016-06-23 |
| GOUGH, Richard | Director | 2018-08-14 | 2019-02-08 |
| GRANGER, Christopher Paul | Director | 2014-03-31 | 2014-11-28 |
| HEAD, Patrick Michael | Director | 2008-03-28 | 2014-03-31 |
| HICKMAN, John Andrew | Director | 2019-02-08 | 2019-09-27 |
| LATHAM, Katherine Jane | Director | 2020-06-30 | 2021-08-12 |
| MEADOWS, Simon Nicholas | Director | 2014-12-01 | 2016-12-16 |
| MORGAN, Geoffrey Damien | Director | 2018-07-04 | 2023-04-20 |
| O'DRISCOLL, Michael Patrick | Director | 2013-07-10 | 2014-03-31 |
| PARR, Adam Stephen De Voghelaere, Dr | Director | 2010-04-23 | 2010-06-21 |
| REINARTZ, Reinhard | Director | 2014-04-11 | 2014-12-18 |
| RICHARDS, Matthew John | Director | 2018-07-04 | 2023-04-20 |
| SOUMELIDIS, Michail | Director | 2023-04-20 | 2024-09-26 |
| SWASH, Philip Antony | Director | 2014-03-31 | 2015-09-25 |
| TARRANT, Colin David | Director | 2007-03-12 | 2014-03-31 |
| WILLIAMS, Ted | Director | 2007-03-12 | 2014-03-31 |
| WYATT, Paul John Spear | Director | 2014-03-31 | 2016-12-16 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Gkn Automotive Limited | Corporate entity | Shares 75–100% | 2018-07-31 | Active |
| Gkn Wheels Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2018-07-31 |
Filing timeline
Last 20 of 145 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-09-19 | AA | accounts | Accounts with accounts type full | |
| 2025-09-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-10 | AA | accounts | Accounts with accounts type full | |
| 2024-10-03 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-26 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-13 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-08-13 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-08-12 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-08-12 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-08-12 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-09-27 | AA | accounts | Accounts with accounts type full | |
| 2023-09-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-04-21 | TM01 | officers | Termination director company with name termination date | |
| 2023-04-21 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-04-21 | TM01 | officers | Termination director company with name termination date | |
| 2023-04-21 | TM01 | officers | Termination director company with name termination date | |
| 2023-04-21 | AP01 | officers | Appoint person director company with name date | |
| 2023-04-20 | TM01 | officers | Termination director company with name termination date | |
| 2023-01-13 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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