ITR PARTS UK LIMITED

• ◆

  Audit opinion: Qualified

  Latest auditor's report carried a non-clean opinion.

1. ITR PARTS UK LIMITED 2024-10-29 → present
2. MIDLAND STEEL TRADERS (HOLDINGS) LIMITED 2012-04-18 → 2024-10-29
3. TIMEC 1347 LIMITED 2012-01-18 → 2012-04-18

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

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.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

BDO LLP

Audit opinion

Qualified

Going concern

Affirmed

“Overall the board are positive about the future EBITDA trajectory of the Group and continue to manage the cash position of the Group and Parent Company carefully. After taking into account the above factors, the directors are satisfied that the business is able to continue to meet its liabilities as they fall due and as such have continued to prepare the accounts on a going concern basis.”

Group structure

1. ITR PARTS UK LIMITED · parent
   1. Midland Steel Traders Limited 100% · UK · retailing, refurbishment and repair parts for excavation vehicles primarily in the construction, quarrying, mining, dredging and waste disposal market sectors. In addition, the company engaged in the manufacture of buckets and associated parts for earth moving equipment.
   2. Leach Lewis Rubber Tracks Limited 100% · UK · supply rubber tracks and the recycling of rubber tracks.

Significant events

• “During the year, the Group changed its name from Midland Steel Traders (Holdings) Limited to ITR Parts UK Limited.”
• “In December 2024 Leach Lewis Rubber Tracks Ltd was acquired by the Group in order to consolidate the businesses overall position in the UK undercarriage parts market.”
• “2024 Results include a provision for £102,000 (2023 £nil) relating to a fine related to breach for HSE regulations. This fine was crystalised in magistrates court in February 2025.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

1

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +10%

  £18,822,075 → £20,700,669

• Cash

  +1,498.6%

  £304,177 → £4,862,592

• Net assets

  +74.6%

  £4,779,491 → £8,343,459

• Employees

  -1.2%

  86 → 85

• Operating profit

  +1.2%

  £1,060,675 → £1,073,219

• Profit before tax

  -5.1%

  £818,471 → £776,630

• Wages

  +1.7%

  £3,203,097 → £3,256,196

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