SKF (U.K.) LIMITED

Active
Company number 00107367Private limited companyIncorporated 1910

Key figures

£291,750,000+6.7%
Net assets 2024
+6.7%
Average annual growth 2023–2024
0100 m200 m300 m20232024

† SKF (U.K.) LIMITED filed these accounts on paper, so Companies House publishes them only as a scanned image. The figures for the years marked † were read automatically from the scan and kept only where the statements add up (for example net assets equal total equity), but a reading error is still possible — check the original accounts at Companies House.

Ratios

2024

Sector comparison

SIC 28150

Where the company stands among the 245 active companies whose first SIC code is 28150 (Manufacture of bearings, gears, gearing and driving elements).

Net assets£291,750,000
Higher than 99% · median £356,303
Total assets£327,815,000
Higher than 99% · median £607,454
Cash£2,173,000
Higher than 95% · median £178,839
Employees616
Higher than 99% · median 3
Company age116.8 years
Older than 99% · median 11.8 years
Largest in this sector by net assets
  1. SKF (U.K.) LIMITED£291.8m
  2. XTRAC LIMITED£113.3m
  3. SCHAEFFLER (UK) LIMITED£77.2m
  4. RICARDO UK LIMITED£73.2m
  5. JCB TRANSMISSIONS£70.2m
  6. NMB-MINEBEA UK LTD£52.8m
  7. DAVID BROWN SANTASALO UK LIMITED£43.7m
  8. IDEM SAFETY SWITCHES LIMITED£31.4m
  9. MICHELL BEARINGS LIMITED£23.3m
  10. RADICON TRANSMISSION UK LIMITED£22.9m

Positions are approximate. Figures come from each company's latest accounts; money and employee figures are compared only with companies that filed accounts in pounds for a period ending in the last two and a half years and are not dormant, so those groups are smaller than 245. The line on each bar marks the median.

Summary: SKF (U.K.) LIMITED

What kind of company is it?

SKF (U.K.) LIMITED is a private limited company registered with Companies House under company number 00107367. It was incorporated on 7 Feb 1910. Its status is active. The registered office is in Luton (LU1). Its nature of business (SIC 2007) is manufacture of bearings, gears, gearing and driving elements (28150).

How is the company doing financially?

The latest accounts in the database are for 2024 (period ending 31 Dec 2024); the company files full accounts. Turnover was £207,693,000. Profit for the year was £19,037,000. Net assets were £291,750,000, up 6.7% on the previous year. Cash at bank and in hand was £2,173,000. Total assets were £327,815,000 and total liabilities £23,184,000. The company had an average of 616 employees. Figures are available for 2 financial years (2023–2024).

How does it compare with similar companies?

Compared with 245 active companies whose first SIC code is 28150: By net assets it ranks higher than 99% of them (median £356,303). By total assets it ranks higher than 99% of them (median £607,454). By cash it ranks higher than 95% of them (median £178,839). By number of employees it ranks higher than 99% of them (median 3). It is older than 99% of them (median age 11.8 years).

What do public registers and reports show?

It appears on the Home Office register of licensed sponsors (Global Business Mobility: Graduate Trainee, Global Business Mobility: Senior or Specialist Worker, Skilled Worker). HMRC lists it as an importer of goods, mainly machinery, electrical equipment, railway equipment. HMRC lists it as an exporter of goods, mainly machinery, railway equipment, aircraft. In its latest payment practices report it took an average of 35 days to pay suppliers, and 16% of invoices were not paid within agreed terms. Its gender pay gap report for 2025/26 shows median hourly pay for women 18.1% lower than for men. It has a modern slavery statement on the government registry.

Who runs and controls the company?

One person with significant control is registered.

When are its next filings due?

The next accounts are due by 31 Dec 2026. The next confirmation statement is due by 17 Jul 2027.

Filed accounts2023–2024
2023 †2024 †
Turnover231,019,000207,693,000
Profit for the year17,345,00019,037,000
Cash at bank and in hand601,0002,173,000
Total assets344,096,000327,815,000
Total liabilities26,827,00023,184,000
Net assets / total equity273,315,000291,750,000
Average number of employees712616

A dash (—) means no accounts were filed for that year or the item is not in the accounts; 0 is a zero stated in the accounts. Small companies usually file only a balance sheet, so the profit and loss account is often missing.

Statutory reporting

Payment practices1 Jan 2026 – 30 Jun 2026
Average time taken to pay invoices
35 days
Invoices not paid within agreed terms
16%
Standard payment terms
0–60 days
Member of a payment code
No
  • Within 30 days 30%
  • 31 to 60 days 53%
  • After 60 days 17%
Earlier periods (7)
Period ending
Days to pay
Within 30 days
Late
31 Dec 2025
35
32%
14%
30 Jun 2025
35
36%
18%
31 Dec 2024
39
33%
17%
30 Jun 2024
41
25%
26%
31 Dec 2023
46
24%
20%
30 Jun 2023
45
21%
23%
31 Dec 2022
41
28%
23%

View the latest report on GOV.UK

Gender pay gap2025/26
Median hourly pay
women 18.1% lower
Mean hourly pay
women 15.8% lower
Median bonus pay
women 40.8% lower
Employer size
500 to 999 employees
Lower pay quarter39.1% womenLower middle11.8% womenUpper middle19.4% womenUpper pay quarter12.9% women
Earlier years (7)
Year
Median hourly pay
Mean hourly pay
2024/25
women 12.4% lower
women 8% lower
2023/24
women 12.9% lower
women 10.7% lower
2022/23
women 10.7% lower
women 10% lower
2021/22
women 14.1% lower
women 9.3% lower
2020/21
women 16.3% lower
women 12.7% lower
2018/19
women 18.4% lower
women 11.9% lower
2017/18
women 6.3% lower
women 8% lower

A positive gap means women's average hourly pay is lower than men's across the whole employer; it is not a comparison of pay for the same work. View on the Gender pay gap service

Modern slavery statements1
2020
Statement · summary on GOV.UK

Figures the company reported itself to the government's Check payment practices service, Gender pay gap service and Modern slavery statement registry (Open Government Licence v3.0). Only large companies and employers with 250 or more staff have to report, so most companies have nothing here.

Registers and licences

Sponsor licence‡
Licence type and rating
Temporary Worker (A rating), Worker (A rating)
Routes
Global Business Mobility: Graduate Trainee, Global Business Mobility: Senior or Specialist Worker, Skilled Worker

On the Home Office register of licensed sponsors, which lists organisations licensed to sponsor workers from overseas.

International trade‡

Listed by HMRC as an importer of goods in 12 of the last 12 months on record, most recently August 2026. Main goods: machinery, electrical equipment, railway equipment, aircraft and optical, medical and measuring instruments.

Listed by HMRC as an exporter of goods in 12 of the last 12 months on record, most recently August 2026. Main goods: machinery, railway equipment, aircraft, rubber and aluminium.

From HMRC's monthly lists of importers and exporters. Traders can ask to be left off the lists, so absence does not mean a company does not trade.

Sources: Charity Commission for England and Wales, Care Quality Commission, Home Office and HM Revenue & Customs, under the Open Government Licence v3.0. Entries marked ‡ come from lists that do not state a company number and were linked by an exact match on the registered name.

History

6 events
  1. Trelanoak Limited ceased to be a person with significant control
  2. Financial year 2024 endedAccounts: turnover £207.7m, net assets £291.8m, 616 employees
  3. Financial year 2023 endedAccounts: turnover £231m, net assets £273.3m, 712 employees
  4. Aktiebolaget Skf registered as a person with significant control
  5. Trelanoak Limited registered as a person with significant control
  6. Company incorporatedPrivate limited company

Dates as recorded at Companies House: incorporation, name changes, officer appointments and resignations, current and former persons with significant control, and the end of each financial year with figures in the database.