SLEAFORD QUALITY FOODS LIMITED
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Cash
£76K
-55.3% vs 2024
Net assets
£1.8M
-37.1% vs 2024
Employees
162
+19.1% vs 2024
Profit before tax
-£1.1M
-583.9% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The directors acknowledge the presence of factors and risks, meaning there is a possibility that continued support from banks and parent company may not be available. These conditions result in a material uncertainty which may cast significant doubt on the company's ability to continue as a going concern.
-
Going-concern uncertainty disclosed
Net assets
2-year trend · vs Consumer Staples median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £56,273,661 | £61,215,243 | +8.8% | |
| Operating profit | £1,384,070 | £896,417 | -35.2% | |
| Profit before tax | -£156,756 | -£1,071,993 | -583.9% | |
| Net profit | -£156,756 | -£1,071,993 | -583.9% | |
| Cash | £170,132 | £76,063 | -55.3% | |
| Total assets less current liabilities | £10,080,311 | £10,262,082 | +1.8% | |
| Net assets | £2,886,720 | £1,814,727 | -37.1% | |
| Equity | £2,886,720 | £1,814,727 | -37.1% | |
| Average employees | 136 | 162 | +19.1% | |
| Wages | £5,416,639 | £6,547,578 | +20.9% | |
| Directors' remuneration | £391,130 | £484,592 | +23.9% |
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 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | 2.5% | 1.5% | |
| Net margin | -0.3% | -1.8% | |
| Return on capital employed | 13.7% | 8.7% | |
| Gearing (liabilities / total assets) | 90.2% | 94.1% | |
| Current ratio | 0.99x | 0.94x | |
| Interest cover | 0.90x | 0.46x |
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
- SLEAFORD QUALITY FOODS LIMITED 1996-01-01 → present
- SLEAFORD TRADING CO. LIMITED 1968-11-27 → 1996-01-01
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- RSM UK Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The directors acknowledge the presence of factors and risks, meaning there is a possibility that continued support from banks and parent company may not be available. These conditions result in a material uncertainty which may cast significant doubt on the company's ability to continue as a going concern.”
Significant events
- “Debt refinancing completed in August 2023.”
- “Technical breach of Wells Fargo facility covenant at 31 March 2025, resolved post year-end but further breach recorded in December 2025 for both facilities.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 13 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LAWLOR, Paul | Secretary | 2020-04-27 | — | — |
| ARNOLD, James Patrick | Director | — | Jan 1965 | British |
| JAIN, Athang Anil | Director | 2022-01-01 | Jan 1992 | Indian |
| SHARMA, Suvan Kumar | Director | 2010-11-02 | Apr 1972 | British |
Show 13 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ARNOLD, Elizabeth Mary | Secretary | — | 2003-01-21 |
| LAWLOR, Paul David | Secretary | 2015-02-09 | 2018-09-24 |
| THOMAS, Alan Philip | Secretary | 2018-09-24 | 2020-04-27 |
| WETHERALL, Jeremy, Mr. | Secretary | 2003-03-10 | 2009-12-11 |
| ARNOLD, Elizabeth Mary | Director | — | 2003-01-21 |
| ARNOLD, Graham Leslie | Director | — | 2004-08-27 |
| ARNOLD, William Charles | Director | — | 2001-11-04 |
| COOK, George | Director | 2006-11-01 | 2008-06-16 |
| HAZELWOOD, Geoffrey | Director | — | 2004-08-27 |
| JAIN, Anil Bhavarlal | Director | 2010-11-02 | 2022-01-01 |
| JAIN, Atul Bhavarial | Director | 2010-11-02 | 2022-01-01 |
| RAYSON, David George | Director | — | 1994-12-26 |
| WETHERALL, Jeremy, Mr. | Director | 2004-08-27 | 2012-01-18 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Jain Irrigation Systems Ltd | Corporate entity | Shares 75–100% | 2016-04-06 | Ceased 2023-11-02 |
| Sleaford Food Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 153 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-11 | AA | accounts | Accounts with accounts type full | |
| 2025-09-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-01 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-11-11 | AA | accounts | Accounts with accounts type full | |
| 2024-09-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-06 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-08-06 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-12-21 | AA | accounts | Accounts with accounts type full | |
| 2023-12-13 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-12-13 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-12-13 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-12-13 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-12-13 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-12-13 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-12-13 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-12-13 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-11-22 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-11-02 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-09-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-04 | 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
- 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.