GARRETT TS LTD
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-03-07 (in 10mo)
Last made up 2026-02-21
Watchouts
None on the register
Cash
—
Latest balance sheet
Net assets
£4B
0% vs 2023
Employees
—
Average over period
Profit before tax
£174M
-54.7% vs 2023
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 | — | — | |
| Operating profit | £372,742,718 | £173,460,472 | |
| Profit before tax | £384,243,239 | £173,906,033 | |
| Net profit | £381,727,635 | £173,743,932 | |
| Cash | — | — | |
| Total assets less current liabilities | £4,129,395,804 | £4,129,769,417 | |
| Net assets | £4,129,395,804 | £4,129,769,417 | |
| Equity | £4,129,395,804 | £4,129,769,417 | |
| Average employees | — | — | |
| Wages | — | — |
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 |
|---|---|---|---|
| Return on capital employed | 9.0% | 4.2% | |
| Current ratio | -11.82x | -152.31x |
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)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements of the Company have been prepared assuming that the Company will continue as a going concern, will realise its assets and satisfy its liabilities in the normal course of business in the 12 months from the date of signing of these financial statements. While the business model is reliant on support from the wider Garrett Group, the Directors consider that given the fact the net assets at 31 December 2024 are €4,764,102,000 (2023: €4,763,671,000) and the fact the Company was in receipt of €200,007,000 (2023: €430,000,000) dividend from Garrett Motion SARL, a fellow group company, little support if any will be needed from the Group in the coming 12 months.”
Group structure
- GARRETT TS LTD · parent
- Garrett Motion Slovakia, S.r.o. 100%
- Garrett Motion Switzerland Holdings Sarl 100%
- Garrett Motion Engineering Solutions Private Limited 0.3%
- Garrett Motion Australia Pty Limited 100%
- Garrett Motion Czech Republic S.r.o. 100%
- Garrett Motion France C S.A. 100%
- Garrett Finances SNC 100%
- Garrett Motion France A S.A.S. 100%
- Garrett Motion France S.A.S. 100%
- Garrett Motion France B S.A.S. 100%
- Garrett Motion Germany GmbH 100%
- Garrett Motion Ireland A Limited 100%
- Garrett Motion Ireland Limited 100%
- Garrett Motion Italia S.r.l. 100%
- Garrett Motion Japan, Inc. 100%
- Garrett Motion Korea Ltd. 48.73%
- Garrett Motion Mexico S.A. de C.V 100%
- Garrett Motion Romania S.r.l. 100%
- Garrett Motion SARL 100%
- Garrett Motion (Thailand) Co., Ltd. 100%
- Garrett Motion UK Limited 100%
- Garrett Transportation Systems Ltd 100%
- Garrett Motion LLC 100%
- Garrett (China) Investment Co., Ltd. 100%
- Garrett Motion Industria Automotiva Brasil Ltda 64.61%
- Garrett Motion Technologies (India) Private Limited 0.35%
- Garrett Transportations Systems UK II Ltd (New UK TS SpinCo2) 100%
- Garrett Motion Automotive Research Mexico S. de R.L. de C.V 100%
- Garrett Motion Technology (Shanghai) Co., Ltd. 100%
- Garrett Motion Technology (Wuhan) Co., Ltd. 100%
Significant events
- “The Company entered into a debenture on 11 September 2024 containing a fixed charges over all of the assets of the Company in favour of JP Morgan Chase Bank, N.A.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HOWARD, Lindsay James | Director | 2024-03-15 | Feb 1974 | British |
| NORTON, Mark | Director | 2020-05-21 | Mar 1967 | British |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BANKS, Khalisha Tashae | Director | 2022-08-08 | 2023-07-17 |
| JAMES, Russell | Director | 2018-09-30 | 2024-03-15 |
| JONES, John | Director | 2018-09-30 | 2020-05-18 |
| LU, Su-Ping | Director | 2018-03-05 | 2018-09-30 |
| VAN HIMBEECK, Koenraad | Director | 2018-09-30 | 2022-08-08 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Garrett Motion Inc. | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-10-01 | Active |
| Honeywell International Inc. | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-03-05 | Ceased 2018-10-01 |
Filing timeline
Last 20 of 71 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-05-27 MA Memorandum articles
- 2023-05-27 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-05 | CH01 | officers | Change person director company with change date | |
| 2025-10-17 | AA | accounts | Accounts with accounts type full | |
| 2025-03-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-20 | CH01 | officers | Change person director company with change date | |
| 2024-11-08 | MR02 | mortgage | Mortgage acquire with deed with charge number charge acquisition date | |
| 2024-11-05 | MR02 | mortgage | Mortgage acquire with deed with charge number charge acquisition date | |
| 2024-10-07 | AA | accounts | Accounts with accounts type full | |
| 2024-03-28 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-26 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-21 | AA | accounts | Accounts with accounts type full | |
| 2023-07-21 | TM01 | officers | Termination director company with name termination date | |
| 2023-05-27 | MA | incorporation | Memorandum articles | |
| 2023-05-27 | RESOLUTIONS | resolution | Resolution | |
| 2023-03-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-08 | AA | accounts | Accounts with accounts type full | |
| 2022-08-10 | TM01 | officers | Termination director company with name termination date | |
| 2022-08-10 | AP01 | officers | Appoint person director company with name date | |
| 2022-05-19 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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
-
Turnover
—
Not reported
-
Cash
—
Not reported
-
Net assets
0%
£4,129,395,804 £4,129,769,417
-
Employees
—
Not reported
-
Operating profit
-53.5%
£372,742,718 £173,460,472
-
Profit before tax
-54.7%
£384,243,239 £173,906,033
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