Thermo King UK Limited
Registered name: THERMO KING UK LIMITED
Part of Trane Technologies Plc groupThermo King UK Limited made £67.3m revenue and a £18m loss in the year to 31 Dec 2024.
Thermo King UK Limited’s revenue grew 38% to £67.3m in the year to 31 Dec 2024, with a loss of £18m and 359 employees. The company is classified under “maintenance and repair of motor vehicles” and is based in Tamworth; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Tamworth
- Age
- 63 yrs · since 1963
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £52.3m | £48.8m | £67.3m |
| Cost of sales | −£39.3m | −£37.2m | −£57m |
| Gross profit | £13m | £11.6m | £10.3m |
| Operating profit | −£2m | £4.2m | −£14.6m |
| Profit before tax | −£2.4m | £2.8m | −£16.7m |
| Profit after tax | −£2m | £4.4m | −£18m |
| Profit (best available) | −£2m | £4.4m | −£18m |
| Employees (average) | 339 | 335 | 359 |
| Ratios | |||
| Profit margin | −3.9% | 9% | −26.8% |
| Gross margin | 24.8% | 23.8% | 15.3% |
| Revenue per employee | £154k | £146k | £187k |
| Profit per employee | −£6k | £13.1k | −£50.2k |
| Growth (year on year) | |||
| Revenue growth | — | ▼6.7% | ▲37.7% |
| Profit growth | — | — | ▼511.5% |
| Headcount growth | — | ▼1.2% | ▲7.2% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Sep 2024 | Accounts · bulk data Sep 2024 | Accounts · bulk data Dec 2025 |
How the business works
- Profit margin
- −26.8%
- Profit ÷ revenue.
- Gross margin
- 15.3%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £187k
- Revenue ÷ average employees.
- Profit per employee
- −£50.2k
- 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
- —
- 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
- —
- Now —
- Cash at bank
- —
- Now —
- Headcount
- ▲7%
- Now 359
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Trane Technologies Plc (registered outside the UK register)ultimate parent75–100%
- Trane UK Limited75–100%
- Thermo King Fleet Solutions Limited75–100%
- Thermo King UK Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (4)
- Peter Staines Refrigeration LimitedLiquidationFigures not disclosed
- PSR Bromley LimitedLiquidationFigures not disclosed
- PSR Contracts LimitedLiquidationFigures not disclosed
- Roadfridge LimitedLiquidationFigures not disclosed
Sister companies (2)
- Marshall Group Properties LimitedRev. £3.2m · Profit £336k
- Marshall Tail Lift LtdLiquidationFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Dec 2024 (profit −£18m), from the Companies House accounts bulk data published Dec 2025. Spotted an error? Request a correction.
Updated from Companies House on 20 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.