PLEDGE OFFICE CHAIRS LIMITED
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Cash
£7.8M
+4.6% highest in 3 filed years
Net assets
£15M
+2.5% highest in 3 filed years
Employees
120
-6.3% lowest in 3 filed years
Profit before tax
£470K
-29.6% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-05-31
| Metric | Trend | 2023-05-31 | 2024-05-31 | 2025-05-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £14,004,314 | £12,888,705 | £12,436,672 | -3.5% | |
| Operating profit | £445,294 | £490,542 | £264,700 | -46% | |
| Profit before tax | £485,922 | £667,602 | £470,291 | -29.6% | |
| Net profit | £445,762 | £493,452 | £342,048 | -30.7% | |
| Cash | £7,106,134 | £7,494,995 | £7,841,897 | +4.6% | |
| Total assets less current liabilities | £14,285,192 | £14,779,795 | £15,130,318 | +2.4% | |
| Net assets | £13,744,742 | £14,238,195 | £14,587,993 | +2.5% | |
| Equity | £13,744,742 | £14,238,195 | £14,587,993 | +2.5% | |
| Average employees | 130 | 128 | 120 | -6.3% | |
| Wages | £4,297,756 | £4,217,446 | £4,059,475 | -3.7% | |
| Directors' remuneration | £1,035,578 | £796,000 | £620,000 | -22.1% |
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 | 2023-05-31 | 2024-05-31 | 2025-05-31 |
|---|---|---|---|---|
| Operating margin | 3.2% | 3.8% | 2.1% | |
| Net margin | 3.2% | 3.8% | 2.8% | |
| Return on capital employed | 3.1% | 3.3% | 1.7% | |
| Gearing (liabilities / total assets) | — | 14.1% | 13.9% | |
| Current ratio | 5.62x | 6.34x | 6.49x |
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
- Auditor
- Gittins Mulderrig
- 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.”
Significant events
- “It is with great sadness that the Board reports the passing of its founder and managing director, Mr David Carter, on 28 December 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
9 active · 9 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CARTER, Doreen Ann | Secretary | 2005-03-12 | — | British |
| ARDING, Michael Robert | Director | 2025-07-23 | Aug 1962 | British |
| CARTER, Doreen Ann | Director | — | Sep 1937 | British |
| CARTER, Kaye Ann | Director | — | Jun 1965 | British |
| LOVE, Richard Barry | Director | 2025-07-23 | Jul 1972 | British |
| MINNEY, Steven | Director | 2025-07-23 | Jun 1984 | British |
| PEARCE, Stephen | Director | 2025-07-23 | Jun 1962 | British |
| PLEDGER, Beverley Jane | Director | 2025-07-23 | Oct 1964 | British |
| THORNE, Heather Jayne | Director | 2025-07-23 | Jul 1962 | British |
Show 9 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| WRIGHT, Joan Ellen | Secretary | — | 2005-03-12 |
| CARTER, David Ernest | Director | — | 2025-12-28 |
| CARTER, Stephen David | Director | — | 2024-05-31 |
| CASTELL, Leonard Henry | Director | — | 2009-01-30 |
| HASSAM, Zulfikar | Director | — | 1995-12-08 |
| IOANNOU, Christopher | Director | 1993-04-01 | 2018-12-31 |
| MCCLUSKEY, Ian Christopher | Director | 1996-02-05 | 2005-10-20 |
| MUGFORD, Michael | Director | 1997-09-01 | 2019-12-10 |
| RUSSELL, Stephen John | Director | 2006-07-10 | 2022-12-22 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr David Ernest Carter | Individual | Significant influence | 2016-04-07 | Ceased 2025-12-28 |
Filing timeline
Last 20 of 138 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-03 | AA | accounts | Accounts with accounts type full | |
| 2026-01-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-12 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-12 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-07-25 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-25 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-25 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-25 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-25 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-25 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-25 | AA | accounts | Accounts with accounts type full | |
| 2025-01-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-07 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-08 | AA | accounts | Accounts with accounts type full | |
| 2023-02-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-04 | AA | accounts | Accounts with accounts type full | |
| 2022-12-22 | TM01 | officers | Termination director company with name termination date | |
| 2022-01-06 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 0
- Officers appointed
- 6
- 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.