Powertrain Services UK Limited
Registered name: POWERTRAIN SERVICES UK LIMITED
Part of Comer Industries S.P.A. groupPowertrain Services UK Limited made £113k revenue and a £3.2m loss in the year to 31 Dec 2024.
Powertrain Services UK Limited’s revenue fell 91% to £113k in the year to 31 Dec 2024, with a loss of £3.2m and 2 employees. The company is classified under “manufacture of bearings, gears, gearing and driving elements” and is based in Leek; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Leek, West Midlands
- Age
- 105 yrs · since 1920
- Type
- Private Limited Company
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently. From the filing: “WPG UK Holdco Limited”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 |
|---|---|---|---|
| Disclosure | Profit only | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | — | £1.2m | £113k |
| Operating profit | −£9.3m | −£807k | −£5.5m |
| Profit before tax | −£9.5m | −£2.8m | −£3.2m |
| Profit after tax | −£9.5m | −£2.8m | −£3.2m |
| Profit (best available) | −£9.5m | −£2.8m | −£3.2m |
| Employees (average) | 3 | 3 | 2 |
| Ratios | |||
| Profit margin | — | −225.6% | −2792% |
| Revenue per employee | — | £409k | £56.7k |
| Profit per employee | −£3.2m | −£922k | −£1.6m |
| Growth (year on year) | |||
| Revenue growth | — | — | ▼90.8% |
| Headcount growth | — | 0% | ▼33.3% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £246k | £328k | £9.2k |
| Net assets | £3.8m | £1.1m | −£2.1m |
| Fixed assets | £9.5m | £319k | — |
| Current assets | £17.5m | £6.6m | £1.2m |
| Debtors | £6.7m | £6.3m | £1.2m |
| Deferred income | £20.5k | £7.2k | — |
| Source | Accounts · bulk data Dec 2024 | Accounts · bulk data Dec 2024 | FullAccounts · bulk data Dec 2025 |
How the business works
- Profit margin
- −2792%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £56.7k
- Revenue ÷ average employees.
- Profit per employee
- −£1.6m
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 1085%
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- ▼298%
- Now −£2.1m
- Cash at bank
- ▼97%
- Now £9.2k
- Headcount
- ▼33%
- Now 2
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Comer Industries S.P.A. (registered outside the UK register)ultimate parent75–100%
- WPG UK Holdco Limited75–100%
- Powertrain Services UK Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Powertrain Services (UK Newco) LimitedRev. £113k · Profit −£267k
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Dec 2024 (profit −£3.2m), from the Companies House accounts bulk data published Dec 2025. Spotted an error? Request a correction.
Updated from Companies House on 11 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.