Turntide Drives Limited
Manufacture of electric motors, generators and transformers · Gateshead
ActiveUnited KingdomIncorporated 2021Private Limited Company
Financial position
Accounts to 2024-12-31 · GBP · company scope
Net assets
−£27,114,292
Cash
£1,332,047
Turnover
—
Profit / loss
−£5,104,938
Current assets
£6,671,782
Creditors < 1 year
£35,659,613
Equity
−£27,114,292
Average employees
88
Balance-sheet trend
GBP · companyFinancial statements
Selected figures from the best-ranked available filing for each period. Missing values remain unknown.
| Reported figures | 2024-12-31GBP · company | 2023-12-31GBP · company | 2022-12-31Unknown currency · company | 2021-12-31Unknown currency · company |
|---|---|---|---|---|
| Balance sheet | ||||
| Net assets | −£27,114,292 | −£22,009,354 | — | — |
| Equity | −£27,114,292 | −£22,009,354 | — | — |
| Assets | ||||
| Fixed assets | £2,129,258 | £1,528,265 | — | — |
| Property, plant & equipment | £1,836,969 | £1,528,265 | — | — |
| Current assets | £6,671,782 | £5,602,126 | — | — |
| Cash at bank | £1,332,047 | £867,972 | — | — |
| Debtors | £4,014,522 | £3,641,829 | — | — |
| Liabilities | ||||
| Creditors within one year | £35,659,613 | £28,927,942 | — | — |
| Net current assets | −£28,987,831 | −£23,325,816 | — | — |
| Assets less current liabilities | −£26,858,573 | −£21,797,551 | — | — |
| Profit & loss | ||||
| Profit before tax | −£6,640,654 | −£8,346,259 | — | — |
| Profit / loss | −£5,104,938 | −£7,403,154 | — | — |
| People | ||||
| Average employees | 88 | 97 | — | — |
| Source evidence | View filing | View filing | View filing | View filing |
Secured borrowing
Registered charges, lenders and security interests.
Charges and related records
2 outstanding chargesAll Assets · created 2025-12-23
—
OutstandingFixed · created 2025-12-23
—
OutstandingShow 1 satisfied / released
All Assets · created 2021-07-22 · satisfied 2024-08-09
—
Satisfied