TURBO POWER SYSTEMS GROUP LIMITED

1. TURBO POWER SYSTEMS GROUP LIMITED 2019-01-08 → present
2. TWC3N LIMITED 2016-09-20 → 2019-01-08

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

S&W Partners Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“However, after making enquiries and considering the uncertainties described above, the Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For these reasons, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.”

Group structure

1. TURBO POWER SYSTEMS GROUP LIMITED · parent
   1. Turbo Power Systems Limited 100% · England and Wales · Manufacturing
   2. Turbo Power Systems Brasil Ltda 100% · Brazil · Sales and Marketing
   3. TPS Rail Limited 100% · England and Wales · Manufacturing
   4. TPS Energy Limited 100% · England and Wales · Manufacturing
   5. TPS Emachines Ltd 100% · England and Wales · Manufacturing

Significant events

• “The Russian invasion of Ukraine and the war in the Middle East, including the escalation by the impact on shipping through the Red Sea, have an the impact on the Group's supply chain.”
• “The increased rate of inflation during 2024 continues to impact the Group through material price rises as purchase agreements come to an end and need renewing and wage inflation.”
• “In January 2023 the Group changed its working capital funding from confidential invoice discounting to a trade loan facility. The new trade loan facility is provided by HSBC and is designed to provide liquidity from purchase to sale of the products. During 2024 the trade loan facility was increased from £2,500,000 to £2,750,000 as a facility for £250,000 for a guarantee with a supplier was released.”
• “Deliveries to customers in the Group's rail market continued to be lower than the years prior to 2023. The UK rail sector has seen a slowdown during the year, as can be seen with the changes underway at Alstom in Derby.”
• “Since the change in the Administration in US in January 2025 there is growing uncertainty as to US government funding of the EV market and the imposition of import tariffs.”

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

Filings

12

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  -20.6%

  £13,465,000 → £10,690,000

• Cash

  +37.1%

  £757,000 → £1,038,000

• Net assets

  -12.4%

  £5,602,000 → £4,909,000

• Employees

  -1.6%

  122 → 120

• Operating profit

  -148.7%

  £778,000 → -£379,000

• Profit before tax

  -183.1%

  £634,000 → -£527,000

• Wages

  +4.7%

  £4,771,000 → £4,993,000

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