PORTAKABIN LIMITED
Operating as Portakabin UK and wholly owned by Portakabin Holdco Limited, the company manufactures and leases modular buildings and portable cabins for the education, healthcare, and construction sectors.
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Cash
£42M
+701.8% vs 2023
Net assets
£143M
-53.1% vs 2023
Employees
2,220
+5.2% vs 2023
Profit before tax
£37M
-53.6% vs 2023
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £476,144,000 | £618,778,000 | +30% | |
| Operating profit | £90,871,000 | £68,903,000 | -24.2% | |
| Profit before tax | £80,182,000 | £37,234,000 | -53.6% | |
| Net profit | £59,052,000 | £23,766,000 | -59.8% | |
| Cash | £5,282,000 | £42,352,000 | +701.8% | |
| Total assets less current liabilities | £540,069,000 | £138,069,000 | -74.4% | |
| Net assets | £304,677,000 | £142,819,000 | -53.1% | |
| Equity | £304,677,000 | £142,819,000 | -53.1% | |
| Average employees | 2,110 | 2,220 | +5.2% | |
| Wages | £104,612,000 | £112,720,000 | +7.8% | |
| Directors' remuneration | £2,810,000 | £2,321,000 | -17.4% |
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 19.1% | 11.1% | |
| Net margin | 12.4% | 3.8% | |
| Return on capital employed | 16.8% | 49.9% | |
| Current ratio | 0.96x | 0.29x | |
| Interest cover | 8.50x | 2.18x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have undertaken a going concern review, within which the scenarios considered incorporated stress testing including declines in commercial activity levels. The modelling indicated that Pacific Bidco Limited will still be able to operate with comfortable levels of headroom against its bank covenants and borrowing facilities, which run until April 2029, even under severe downside scenarios. The accounts have therefore been prepared on a going concern basis. 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 group and parent company's ability to continue as a going concern for a period ending June 2026. Following this review the directors concluded that, based on the cash forecasts and the funding facilities in place, they are confident that the Group and Company will have sufficient funds to continue to meet their liabilities as they fall due till June 2026 and consequently have prepared the financial statements on a going concern basis.”
Group structure
- PORTAKABIN LIMITED · parent
- Portakabin (Refurbished) Limited 100%
- Portakabin Mobilraum GmbH 100%
- Portakabin Produktions GmbH 100%
- Portakabin Holdings GmbH 100%
- Portakabin (Scotland) Limited 100%
- Portakabin (Ireland) Limited 100%
- Portakabin BV 100%
- Portakabin Modulaire SAS 100%
Significant events
- “On 11 June 2024, Portakabin Holdco Limited (the Company's immediate parent) was acquired by Pacific Bidco Limited... As a result of the Acquisition, the Company's ultimate parent company is Pacific Topco Limited and the ultimate controlling party is Antin Infrastructure Partners SAS.”
- “In 2024, the Company took a number of actions to further improve the working environment including the introduction of an on-demand learning 'hub'..., implementing a wellbeing strategy..., investment in the development, engagement, and effectiveness of our Mental Health First Aid network and introducing an Employee Assistance Program.”
- “In 2024, the Company also embarked on a Health, Safety and Wellbeing culture change programme. This included creating a leadership-based safety steering team, expanding the bi-annual companywide safety stand downs..., recruiting Safety Champions across the Company and delivering a 'safety mindset programme' to the most senior leaders in the business.”
- “On 29 February 2024, Portakabin Limited acquired Portakabin Group Properties Limited (formally Shepherd Group Properties Limited) via an acquisition of 100% of its share capital.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 34 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| THOMSON, Simon | Secretary | 2023-01-09 | — | — |
| COLLINS, Jonathan Mark | Director | 2013-10-01 | Jul 1971 | British |
| IBBETSON, Daniel Frederick | Director | 2021-11-29 | May 1970 | British |
| URWIN, Gavin | Director | 2023-03-06 | Feb 1977 | British |
Show 34 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CLARKE, Philip John | Secretary | 1998-10-22 | 2016-12-31 |
| GOFORTH, Martin Ian | Secretary | 2017-01-01 | 2023-01-09 |
| JAMES, William | Secretary | — | 1998-10-21 |
| AMBLER, Simon William Saville | Director | 2008-06-30 | 2018-06-29 |
| APPELBE, Francis Gordon | Director | 1994-01-01 | 2003-11-30 |
| BLANSHARD, Keith Frederick | Director | 2005-10-01 | 2007-08-10 |
| BROWN, Colin Leslie | Director | 2003-10-01 | 2016-11-03 |
| CARTER, Derek Paul | Director | 2012-05-01 | 2021-12-31 |
| GUENARD, Jean-Luc | Director | 2012-08-29 | 2016-05-25 |
| MADROLLE, Christian Serge | Director | — | 1997-07-31 |
| NEWELL, Stephen Paul | Director | 2017-08-01 | 2024-03-28 |
| POLLARD, Simon | Director | 2021-08-31 | 2024-03-28 |
| PRICE, Stephen | Director | 1995-09-01 | 2013-01-01 |
| ROBINSON, James David Kinbar | Director | 2015-11-30 | 2024-03-28 |
| ROWLINSON, Alan Francis | Director | 2003-07-01 | 2006-08-08 |
| RUNKEE, Neil | Director | 2011-08-01 | 2016-01-31 |
| RUSCILLO, Dominic Paulo | Director | 2015-01-01 | 2021-11-30 |
| RUSSELL, Paul Charles | Director | 2007-02-01 | 2011-05-20 |
| SEMOURSON, John | Director | — | 1995-11-08 |
| SHAW, Brian David | Director | 2000-04-03 | 2015-05-29 |
| SHEPHERD, Colin Stuart | Director | — | 1995-11-08 |
| SHEPHERD, Donald Welton | Director | — | 1996-03-31 |
| SHEPHERD, Patrick Michael | Director | 1993-01-01 | 2008-02-01 |
| SHEPHERD, Paul Welton, Dr | Director | — | 1994-11-09 |
| SHEPHERD, Peter, Sir | Director | — | 1994-11-09 |
| SMITH, Ian Douglas | Director | 2000-06-12 | 2003-09-19 |
| SNEYD, Andy Mark | Director | 2015-09-07 | 2017-08-01 |
| SOUTHERN, Kenneth | Director | 1998-05-05 | 2007-04-30 |
| STAINTON, Amanda Clare | Director | 2008-04-21 | 2022-06-30 |
| STERICKER, Stephen Wentworth | Director | — | 1999-03-11 |
| TAGG, Richard Leach | Director | — | 1992-11-11 |
| THOMPSON, David Ian | Director | 1993-01-01 | 2014-03-01 |
| WOOD, Roger | Director | 1998-05-05 | 2003-06-30 |
| WORRALL, Keith, Managing Director | Director | 2006-07-10 | 2006-09-19 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Portakabin Holdco Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2024-05-23 | Active |
| 1890 Limited | Corporate entity | Shares 75–100%, Shares 75–100% (as firm) | 2024-05-22 | Ceased 2024-05-23 |
| Shepherd Building Group Limited | Corporate entity | Shares 75–100%, Shares 75–100% (as firm) | 2024-05-22 | Ceased 2024-05-22 |
| Shepherd Industries Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2024-05-22 |
Filing timeline
Last 20 of 208 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-08-15 RESOLUTIONS Resolution
- 2024-08-15 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-24 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-09-05 | AA | accounts | Accounts with accounts type group | |
| 2024-12-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-09-11 | AA | accounts | Accounts with accounts type group | |
| 2024-09-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-08-16 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-08-16 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-08-15 | RESOLUTIONS | resolution | Resolution | |
| 2024-08-15 | MA | incorporation | Memorandum articles | |
| 2024-08-15 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-08-15 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-08-12 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-05-30 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-05-30 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-05-30 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-05-30 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-05-30 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-05-30 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-05-21 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2024-05-21 | SH20 | capital | Legacy |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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.