T. H. WHITE LIMITED
Operating as a subsidiary of T. H. White Holdings Limited, the company distributes, installs, and services agricultural, construction, and groundcare machinery, alongside acting as the national distributor for Palfinger lorry cranes.
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Cash
£188K
-56.7% vs 2024
Net assets
£17M
+3.3% vs 2024
Employees
526
-0.9% vs 2024
Profit before tax
£859K
+1,143.6% first positive since 2024
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | £100,296,132 | £129,119,099 | £142,363,260 | £147,822,972 | £143,921,607 | £139,280,200 | -3.2% | |
| Operating profit | £304,207 | £1,996,996 | £2,243,405 | £1,501,719 | £857,372 | £1,267,186 | +47.8% | |
| Profit before tax | £166,841 | £2,058,246 | £2,239,197 | £810,004 | -£82,318 | £859,048 | +1,143.6% | |
| Net profit | -£104,086 | £1,565,296 | £1,694,123 | £540,106 | -£108,958 | £525,908 | +582.7% | |
| Cash | £67,082 | £71,169 | £724,308 | £353,437 | £433,717 | £187,900 | -56.7% | |
| Total assets less current liabilities | £15,078,435 | £16,839,448 | £18,005,258 | £17,580,726 | £17,066,150 | £17,766,728 | +4.1% | |
| Net assets | £14,980,731 | £16,546,027 | £17,040,150 | £16,280,256 | £16,171,298 | £16,697,206 | +3.3% | |
| Equity | £14,980,731 | £16,546,027 | £17,040,150 | £16,280,256 | £16,171,298 | £16,697,206 | +3.3% | |
| Average employees | 457 | 487 | 490 | 519 | 531 | 526 | -0.9% | |
| Wages | £14,843,983 | £16,843,352 | £19,451,488 | £20,873,047 | £21,534,542 | £22,092,169 | +2.6% | |
| Directors' remuneration | £518,238 | £536,597 | £670,346 | £598,693 | £520,948 | £526,530 | +1.1% |
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 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | 0.3% | 1.5% | 1.6% | 1.0% | 0.6% | 0.9% | |
| Net margin | -0.1% | 1.2% | 1.2% | 0.4% | -0.1% | 0.4% | |
| Return on capital employed | 2.0% | 11.9% | 12.5% | 8.5% | 5.0% | 7.1% | |
| Gearing (liabilities / total assets) | — | — | — | — | 73.3% | 73.0% | |
| Current ratio | — | — | — | 1.24x | 1.31x | 1.30x | |
| Interest cover | 1.84x | 34.25x | 9.61x | 1.88x | 0.84x | 2.72x |
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 2 times since incorporation
- T. H. WHITE LIMITED 1994-01-01 → present
- T.H. WHITE COTSWOLD, LIMITED 1979-12-31 → 1994-01-01
- BRISTOL STREET (FARM SERVICES) LIMITED 1953-05-20 → 1979-12-31
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Bishop Fleming Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Significant events
- “The Group benefited from the closure of a neighbouring New Holland dealer and expanded its territory into Shropshire and Powys. This expansion included the opening of two new depots in Knighton and Shrewsbury, both supported by New Holland.”
- “Palfinger UK opened a new depot in Dartford in 2025, fulfilling a long-term objective to establish a dedicated service centre in the Southeast.”
- “Following the year end, the Company acquired the assets of Cotswold Farm Machinery Ltd, a Case IH dealer.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 20 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| FOWLER, Jane | Director | 2024-04-01 | Mar 1978 | British |
| LOVEGROVE, Adrian | Director | 2023-01-03 | Jun 1972 | British |
| SCOTT, Alexander David | Director | 2012-03-22 | May 1979 | British |
| TODD, Stuart | Director | 2024-06-01 | Jan 1977 | British |
Show 20 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BARKER, Peter | Secretary | — | 2022-03-31 |
| EARLE, Leanne Marie | Secretary | 2024-04-01 | 2026-02-09 |
| EDWARDS, Michael Ian | Secretary | 2022-03-31 | 2024-03-31 |
| AKERMAN, Robert | Director | 1994-01-01 | 2003-08-31 |
| BAKER, Michael John | Director | 1994-01-01 | 2004-07-31 |
| BARKER, Peter | Director | 2003-07-01 | 2022-03-31 |
| BUCHAN, Frederick Ian | Director | 1994-01-01 | 1999-09-30 |
| CARLESS, Derrick James | Director | 1994-01-01 | 2001-12-31 |
| DOWN, Nicholas Charles | Director | 2002-07-01 | 2015-04-30 |
| EARLEY, John Anthony | Director | — | 2010-02-02 |
| EDWARDS, Michael Ian | Director | 2014-09-19 | 2024-03-31 |
| JOHNSON, Alan Paul | Director | 2019-03-01 | 2023-12-31 |
| LANE, Timothy James | Director | 2010-02-01 | 2019-02-28 |
| MCGOWAN, Christopher Hedley | Director | 2002-07-01 | 2014-09-24 |
| NORMAN, Geoffrey Denis | Director | — | 2003-12-31 |
| PATTE, Rodney Vivian Tracey | Director | — | 1996-09-30 |
| RAPKINS, David Alan Stuart | Director | 2020-10-01 | 2022-12-14 |
| RIGBY, Mark | Director | 2002-07-01 | 2019-03-29 |
| SCOTT, David Bedingfeld | Director | — | 2015-04-21 |
| SMITH, Patrick Freer | Director | 2002-07-01 | 2018-05-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| T H White Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-01-01 | Active |
Filing timeline
Last 20 of 176 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-30 | AA | accounts | Accounts with accounts type full | |
| 2026-06-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-02-09 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-09-12 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-09-09 | AA | accounts | Accounts with accounts type full | |
| 2025-06-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-19 | AA | accounts | Accounts with accounts type full | |
| 2024-06-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-05 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-02 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-02 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-04-02 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-04-02 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-04 | TM01 | officers | Termination director company with name termination date | |
| 2023-07-27 | AA | accounts | Accounts with accounts type full | |
| 2023-06-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-03 | AP01 | officers | Appoint person director company with name date | |
| 2022-12-14 | TM01 | officers | Termination director company with name termination date | |
| 2022-10-27 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-10-26 | MR04 | mortgage | Mortgage satisfy charge full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
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.