Turbo Power Systems Group Limited
Manufacture of electric motors, generators and transformers · Gateshead
ActiveUnited KingdomIncorporated 2016Private Limited Company
Financial position
Accounts to 2025-12-31 · GBP · Group accounts
Net assets
£2,248,000
Cash
£573,000
Turnover
£7,889,000
Profit / loss
−£2,661,000
Current assets
£6,157,000
Creditors < 1 year
£6,336,000
Equity
£2,248,000
Average employees
110
Balance-sheet trend
GBP · consolidatedFinancial statements
Selected figures from the best-ranked available filing for each period. Missing values remain unknown.
Some figures were read by AI from scanned accounts, so small errors are possible. View the filed accounts
| Reported figures | 2025-12-31Group · AI-read | 2024-12-31Group · AI-read |
|---|---|---|
| Balance sheet | ||
| Net assets | £2,248,000 | £4,909,000 |
| Equity | £2,248,000 | £4,909,000 |
| Share capital | £88,000 | £88,000 |
| Retained earnings | £2,248,000 | £4,909,000 |
| Assets | ||
| Fixed assets | £3,016,000 | £2,596,000 |
| Intangible assets | £2,344,000 | £1,842,000 |
| Property, plant & equipment | £672,000 | £754,000 |
| Current assets | £6,157,000 | £7,188,000 |
| Cash at bank | £573,000 | £1,038,000 |
| Debtors | £2,629,000 | £3,046,000 |
| Stock | £2,955,000 | £3,104,000 |
| Liabilities | ||
| Creditors within one year | £6,336,000 | £4,320,000 |
| Creditors after one year | £328,000 | £298,000 |
| Bank loans & overdrafts | £2,993,000 | £2,773,000 |
| Provisions | £261,000 | £257,000 |
| Net current assets | −£179,000 | £2,868,000 |
| Assets less current liabilities | £2,837,000 | £5,464,000 |
| Profit & loss | ||
| Turnover | £7,889,000 | £10,690,000 |
| Cost of sales | £6,201,000 | £6,351,000 |
| Gross profit | £1,688,000 | £4,339,000 |
| Distribution costs | £281,000 | £286,000 |
| Administrative expenses | £4,760,000 | £4,432,000 |
| Operating profit | −£3,353,000 | −£379,000 |
| Interest receivable | — | £18,000 |
| Interest payable | £203,000 | £166,000 |
| Profit before tax | −£3,556,000 | −£527,000 |
| Tax | £895,000 | −£166,000 |
| Profit / loss | −£2,661,000 | −£693,000 |
| Operating costs | ||
| Depreciation | £209,000 | £211,000 |
| Operating lease charges | £464,000 | £437,000 |
| Audit fees | £27,000 | £21,000 |
| Research & development | −£1,006,000 | — |
| Cash flow | ||
| Capital expenditure | £134,000 | £677,000 |
| Net debt | −£3,472,000 | −£1,776,000 |
| People & pay | ||
| Average employees | 110 | 120 |
| Staff costs | £5,616,000 | £5,702,000 |
| Wages & salaries | £4,834,000 | £4,993,000 |
| Social security costs | £601,000 | £532,000 |
| Pension costs | £181,000 | £177,000 |
| Directors' remuneration | £418,381,000 | £320,872,000 |
| Highest paid director | £160,169,000 | £117,127,000 |
| Source evidence | View filing | View filing |
From the accounts
What the accounts for 2025-12-31 say about themselves, read by AI from the scanned filing.
- Audit opinion
- Clean (unmodified)
- Ultimate controlling party
- C Neves, C Rendell, N Jakeman and EG Momentum
- Accounts
- FRS 102
- Approved
- 2026-04-09, signed by Mr C Neves
Subsidiaries (5)
- Turbo Power Systems Limited · 100.00% · As parent company · Manufacturing
- Turbo Power Systems Brasil Ltda · 100.00% · Brazil · Sales and Marketing
- TPS Rail Limited · 100.00% · As parent company · Manufacturing
- TPS Energy Limited · 100.00% · As parent company · Manufacturing
- TPS Emachines Ltd · 100.00% · As parent company · Manufacturing
Turnover by segment (14)
- Sale of goods: 4,843 (000s) (2025-12-31)
- Rendering of services: 1,765 (000s) (2025-12-31)
- Development revenue: 1,281 (000s) (2025-12-31)
- Sale of goods: 6,562 (000s) (2024-12-31)
- Rendering of services: 2,392 (000s) (2024-12-31)
- Development revenue: 1,736 (000s) (2024-12-31)
- United Kingdom: 3,019 (000s) (2025-12-31)
- Europe: 2,059 (000s) (2025-12-31)
- North America: 2,671 (000s) (2025-12-31)
- Rest of the world: 140 (000s) (2025-12-31)
- United Kingdom: 4,090 (000s) (2024-12-31)
- Europe: 2,790 (000s) (2024-12-31)
- North America: 3,620 (000s) (2024-12-31)
- Rest of the world: 190 (000s) (2024-12-31)
Related parties (2)
- directors of the Company · Directors · Loans outstanding at 31 December 2025 · £8,000
- key management personnel · Key management personnel · Compensation paid during the year · £398,301
Borrowings (2)
- Bank loans · 2,993 (000s) · Amounts falling due within one year or on demand · secured on Secured by fixed charges over the assets of the business
- Other loans — convertible loan note from EG Momentum · 1,030 (000s) · Repayable on demand after 31 May 2026
Share classes (1)
- 88 Ordinary shares of £1
Events after the year end (1)
- On 19 March 2026, Turbo Power Systems Group Limited secured a total investment of £10 million (of which £1.5 m was the conversion of the previous loan) from Energy Growth Momentum III L.P. and Energy Growth Momentum III B L.P payable by instalments.
Secured borrowing
Registered charges, lenders and security interests.
Charges and related records
1 outstanding chargesAll Assets · created 2023-02-22
—
OutstandingShow 2 satisfied / released
All Assets · created 2020-06-01 · satisfied 2023-03-03
—
SatisfiedAll Assets · created 2020-05-21 · satisfied 2025-09-29
—
Satisfied