PARKINSON - SPENCER REFRACTORIES LIMITED
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Cash
£78k
+8.1% vs 2024
Net assets
£3.3m
+10.8% vs 2024
Employees
82
-14.6% lowest in 4 filed years
Profit before tax
-£1.3m
-84.8% lowest in 5 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
the difficult trading conditions that lead to loss-making years in 2024 and 2025 have put a major strain on the company's cash flow. As explained in note 1.2, the company initiated a comprehensive turnaround plan during 2025.
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
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Going-concern uncertainty disclosed
Net assets
5-year trend · vs Industrials median
Accounts
5-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | £10,819,027 | £6,923,506 | £10,296,243 | £9,042,872 | £8,007,325 | -11.5% | |
| Operating profit | £606,637 | -£1,312,105 | £252,638 | -£683,361 | -£1,265,768 | -85.2% | |
| Profit before tax | £600,210 | -£1,318,799 | £227,816 | -£718,898 | -£1,328,285 | -84.8% | |
| Net profit | £513,155 | -£949,765 | £182,816 | -£718,898 | -£1,321,016 | -83.8% | |
| Cash | £699,637 | £152,609 | £154,504 | £71,700 | £77,519 | +8.1% | |
| Total assets less current liabilities | £4,642,516 | £3,860,260 | £3,955,293 | £3,144,242 | £3,372,395 | +7.3% | |
| Net assets | £4,505,299 | £3,537,399 | £3,720,215 | £3,001,317 | £3,326,213 | +10.8% | |
| Equity | £4,505,299 | £3,537,399 | £3,720,215 | £3,001,317 | £3,326,213 | +10.8% | |
| Average employees | — | 89 | 95 | 96 | 82 | -14.6% | |
| Wages | £2,653,968 | £2,629,645 | £3,082,062 | £3,240,971 | £2,869,394 | -11.5% | |
| Directors' remuneration | £289,809 | £286,397 | £250,672 | £247,968 | £242,132 | -2.4% | |
| Directors' pension contributions | — | — | — | £12,155 | £11,926 | -1.9% | |
| Highest paid director | — | — | — | £83,113 | £85,582 | +3% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | 5.6% | -19.0% | 2.5% | -7.6% | -15.8% | |
| Net margin | 4.7% | -13.7% | 1.8% | -7.9% | -16.5% | |
| Return on capital employed | 13.1% | -34.0% | 6.4% | -21.7% | -37.5% | |
| Gearing (liabilities / total assets) | 31.4% | 45.2% | 43.5% | 57.3% | 57.2% | |
| Current ratio | — | — | — | 1.59x | 1.23x | |
| Interest cover | 94.39x | — | 10.18x | -19.14x | -20.24x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- PARKINSON - SPENCER REFRACTORIES LIMITED 1976-12-31 → present
- PARKINSON & SPENCER LIMITED 1921-07-07 → 1976-12-31
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Wheawill & Sudworth Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“the difficult trading conditions that lead to loss-making years in 2024 and 2025 have put a major strain on the company's cash flow. As explained in note 1.2, the company initiated a comprehensive turnaround plan during 2025.”
Significant events
- “Since 31 December 2025 the company has become a subsidiary of Ceramics Holdings Ltd, part of the Jemmtec group of companies.”
- “The company has issued £1.5m of new share capital fully paid for cash at par.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 11 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PARKINSON, Joanne | Secretary | 2016-04-06 | — | — |
| MENEELY III, James | Director | 2026-07-30 | Oct 1968 | American |
| PARKINSON, Joanne | Director | 2016-08-24 | Mar 1987 | British |
| PARKINSON, Simon | Director | 2015-02-02 | Oct 1989 | British |
| STUCKEY, Mark Rodney | Director | 2026-07-30 | Dec 1971 | British |
Show 11 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CASWELL, John | Secretary | 1999-01-04 | 2016-04-06 |
| THOMPSON, Harry | Secretary | — | 1999-01-04 |
| BINGHAM, Kenneth | Director | — | 1992-11-30 |
| CASWELL, John | Director | 1999-01-04 | 2016-08-24 |
| FERGUSON, David | Director | 2015-02-02 | 2022-10-03 |
| GASKELL, Leslie James Robert | Director | 2015-02-02 | 2026-07-30 |
| MCMINN, John Josiah Thompson | Director | 1993-08-10 | 2001-07-05 |
| NIELD, Godfrey Arthur | Director | 2015-02-02 | 2018-10-10 |
| PARKINSON, David Edwin | Director | — | 2026-07-30 |
| PARKINSON, Donald Henry | Director | — | 2009-03-07 |
| THOMPSON, Harry | Director | — | 1999-12-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ceramics Holdings Ltd | Corporate entity | Shares 50–75%, Voting 50–75%, Appoints directors, Significant influence (as firm) | 2026-07-30 | Active |
| Mr Simon Parkinson | Individual | Shares 25–50%, Voting 50–75%, Appoints directors, Significant influence (as firm) | 2024-09-18 | Active |
| Miss Joanne Parkinson | Individual | Shares 25–50%, Appoints directors | 2020-06-18 | Ceased 2026-07-30 |
| Mr David Edwin Parkinson | Individual | Shares 75–100% | 2016-04-07 | Ceased 2024-09-18 |
Filing timeline
Last 20 of 179 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-09-02 RESOLUTIONS Resolution
- 2026-08-18 CC04 Statement of companys objects
- 2026-08-18 MA Memorandum articles
- 2026-08-18 RESOLUTIONS Resolution
- 2026-08-18 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-29 | AA | accounts | Accounts with accounts type full | |
| 2026-09-29 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-09-29 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-09-14 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-09-02 | RESOLUTIONS | resolution | Resolution | |
| 2026-08-19 | SH01 | capital | Capital allotment shares | |
| 2026-08-18 | SH08 | capital | Capital name of class of shares | |
| 2026-08-18 | SH10 | capital | Capital variation of rights attached to shares | |
| 2026-08-18 | CC04 | change-of-constitution | Statement of companys objects | |
| 2026-08-18 | MA | incorporation | Memorandum articles | |
| 2026-08-18 | RESOLUTIONS | resolution | Resolution | |
| 2026-08-18 | RESOLUTIONS | resolution | Resolution | |
| 2026-08-11 | AP01 | officers | Appoint person director company with name date | |
| 2026-08-06 | AP01 | officers | Appoint person director company with name date | |
| 2026-08-06 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-08-06 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-08-04 | TM01 | officers | Termination director company with name termination date | |
| 2026-08-04 | TM01 | officers | Termination director company with name termination date | |
| 2026-07-30 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-07-30 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- Capital events
- 3
- Officers appointed
- 2
- Officers resigned
- 2
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.