Website & contact details
- Group website
- The site of this company’s group or brand.
Turntide Drives Limited
- Incorporated
- 25 February 2021 (5 years)
- Previously known as
- CSL 2 Limited (until 10 June 2021)
- Industry
- Manufacture of electric motors, generators and transformers (27110) Manufacture of batteries and accumulators (27200)Manufacture of other electronic and electric wires and cables (27320)Other service activities n.e.c. (96090)
- Directors
- Owned by
- Accounts type
- Full
- Region
- North East
- Address
- Turntide Drives Eighth AvenueTeam Valley Trading EstateGatesheadNE11 0QA
Filing status
- Accounts due
- 31 December 2026
- Last accounts
- 31 December 2024
- Conf. stmt due
- 23 October 2027
- Last conf. stmt
- 9 October 2026
Charges
- Total
- 4
- Outstanding
- 3
- Part satisfied
- 0
- Satisfied
- 1
Officers 1 active
Officer details are public data from the Companies House register.
Director · Appointed 11 June 2024
American
Born November 1965
Officer history (6 former)
30 June 2026
30 August 2024
11 June 2024
31 December 2023
8 October 2023
28 October 2022
28 October 2022
28 January 2022
19 October 2021
1 June 2021
1 June 2021
1 June 2021
25 February 2021
Ownership 1 active
People and entities with significant control, from the Companies House PSC register
Corporate entity · Notified 25 February 2021
Owns 75–100% of shares
Holds 75–100% of voting rights
Right to appoint and remove directors
Private Limited Company
Reg. no. 11344114
Group structure 7 companies
Ownership group derived from the Companies House PSC register
Avid Technology Group Limited Owns 75–100% of shares
Avid Technology Limited Owns 75–100% of shares
Collingwood Solutions Limited Owns 75–100% of shares
Turntide Drives Limited This company Owns 75–100% of shares
Hyperdrive Innovation Holdings Limited Owns 75–100% of shares
Hyperdrive Innovation Ltd Owns 75–100% of shares
Financials
Balance sheet as at 31 December 2024 · full accounts
- Net Assets
- (£27,114,292)
- Cash
- £1,332,047
- Profit Before Tax
- (£6,640,654)
- Debt Ratio
- 408%
- Current Ratio
- 0.2x
Trend
Net Assets
Balance sheet detail
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Fixed Assets | £2,129,258 | £1,528,265 | £1,799,631 | £1,753,012 |
| Current Assets | £6,671,782 | £5,602,126 | £3,924,909 | £2,117,637 |
| Debtors | £4,014,522 | £3,641,829 | £2,174,970 | £1,823,841 |
| Cash | £1,332,047 | £867,972 | £1,227,443 | £99,855 |
| Creditors (< 1 year) | £35,659,613 | £28,927,942 | £20,330,740 | £6,940,862 |
| Net Current Assets | (£28,987,831) | (£23,325,816) | (£16,405,831) | (£4,823,225) |
| Net Assets | (£27,114,292) | (£22,009,354) | ||
| Shareholder Funds | (£27,114,292) | (£22,009,354) | (£14,606,200) | (£3,070,213) |
Filings 35
| Date | Description | Made Up To | Pages | |
|---|---|---|---|---|
| 9 October 2026 | Confirmation statement with updates | 9 October 2026 | ||
| 22 September 2026 | Registration of a charge | |||
| 30 June 2026 | Termination of appointment of a director | |||
| 5 March 2026 | Confirmation statement with no updates | 24 February 2026 | ||
| 7 January 2026 | Memorandum and Articles of Association |
Some other companies at this address
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Blaydon-On-Tyne
Gateshead
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