TPI COMPOSITES UK COMPANY LIMITED
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Next accounts due
2025-12-31
Overdue
Confirmation statement due
2027-02-01 (in 9mo)
Last made up 2026-01-18
Watchouts
Cash
£45K
-3.9% vs 2022
Net assets
-£179K
-511.4% vs 2022
Employees
3
+50% vs 2022
Profit before tax
-£247K
-57.4% vs 2022
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Annual accounts overdue
Due 2025-12-31.
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2023-12-31
| Metric | Trend | 2022-12-31 | 2023-12-31 |
|---|---|---|---|
| Turnover | £50,983 | £249,546 | |
| Operating profit | -£156,816 | -£246,844 | |
| Profit before tax | -£156,810 | -£246,844 | |
| Net profit | -£156,810 | -£246,844 | |
| Cash | £46,911 | £45,091 | |
| Total assets less current liabilities | £43,449 | -£178,764 | |
| Net assets | £43,449 | -£178,764 | |
| Equity | £43,449 | -£178,764 | |
| Average employees | 2 | 3 | |
| Wages | £28,209 | £295,937 |
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 | 2022-12-31 | 2023-12-31 |
|---|---|---|---|
| Operating margin | -307.6% | -98.9% | |
| Net margin | -307.6% | -98.9% | |
| Return on capital employed | -360.9% | 138.1% | |
| Gearing (liabilities / total assets) | 41.7% | 147.2% | |
| Current ratio | 2.40x | 0.68x |
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
- IFRS
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- Ecovis Wingrave Yeats LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The company has incurred a loss in the current year and is dependent on financial support from its immediate parent, TPI Holdings Switzerland GmbH. The immediate parent company has indicated that such support will be forthcoming and on this basis these financial statements have been prepared on the going concern basis.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SIWEK, William Eugene | Director | 2022-01-19 | Oct 1962 | American |
| STROO, Charles Paul | Director | 2025-03-01 | Oct 1975 | American |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Tpi Composites Inc. | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-01-19 | Active |
Filing timeline
Last 9 of 9 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-07 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-03 | AA | accounts | Accounts with accounts type full | |
| 2025-01-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-16 | AA | accounts | Accounts with accounts type small | |
| 2023-02-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-01-21 | AA01 | accounts | Change account reference date company current shortened | |
| 2022-01-19 | NEWINC | incorporation | Incorporation company |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 1
- 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
FY2022 → FY2023 · period ending 2023-12-31 vs 2022-12-31
-
Turnover
+389.5%
£50,983 £249,546
-
Cash
-3.9%
£46,911 £45,091
-
Net assets
-511.4%
£43,449 -£178,764
-
Employees
+50%
2 3
-
Operating profit
-57.4%
-£156,816 -£246,844
-
Profit before tax
-57.4%
-£156,810 -£246,844
-
Wages
+949.1%
£28,209 £295,937
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