BELGRADE INSULATIONS LIMITED
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Cash
£384k
+102.4% highest in 6 filed years
Net assets
£5.6m
+1.3% vs 2025
Employees
144
-3.4% vs 2025
Profit before tax
£696k
-58.8% lowest in 6 filed years
Watch the reel
Our short-form breakdown of BELGRADE INSULATIONS LIMITED's latest filing
Yorkshire's Belgrade Insulations saw sales slip 5% — but the bottom line and the dividend took a much heavier hit. 🥶📉
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2026-02-28
| Metric | Trend | 2021-02-28 | 2022-02-28 | 2023-02-28 | 2024-02-29 | 2025-02-28 | 2026-02-28 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | £51,913,656 | £63,256,959 | £67,465,817 | £72,454,258 | £75,929,647 | £72,308,577 | -4.8% | |
| Operating profit | £2,251,364 | £3,604,765 | £2,916,800 | £2,573,787 | £2,304,261 | £1,211,357 | -47.4% | |
| Profit before tax | £2,169,529 | £3,389,527 | £2,523,793 | £2,013,006 | £1,688,581 | £695,569 | -58.8% | |
| Net profit | £1,714,508 | £2,711,548 | £1,989,377 | £1,489,190 | £1,198,605 | £461,762 | -61.5% | |
| Cash | £50,987 | £83,215 | £92,122 | £59,332 | £189,841 | £384,164 | +102.4% | |
| Total assets less current liabilities | £7,965,765 | £8,171,243 | £8,256,011 | £8,019,770 | £5,826,697 | £5,683,128 | -2.5% | |
| Net assets | £4,504,814 | £5,508,765 | £6,332,966 | £6,922,108 | £5,525,450 | £5,597,212 | +1.3% | |
| Equity | £4,504,814 | £5,508,765 | £6,332,966 | £6,922,108 | £5,525,450 | £5,597,212 | +1.3% | |
| Average employees | 141 | 145 | 146 | 146 | 149 | 144 | -3.4% | |
| Wages | £4,701,895 | £5,074,199 | £5,432,185 | £5,657,054 | £5,900,247 | £6,105,828 | +3.5% | |
| Directors' remuneration | £142,771 | £26,971 | £570,380 | £506,622 | £556,877 | £540,013 | -3% | |
| Directors' pension contributions | £NaN | £NaN | £NaN | £80,026 | £50,815 | £30,767 | -39.5% | |
| Highest paid director | £NaN | £NaN | £NaN | £130,430 | £146,823 | £138,523 | -5.7% |
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 | 2021-02-28 | 2022-02-28 | 2023-02-28 | 2024-02-29 | 2025-02-28 | 2026-02-28 |
|---|---|---|---|---|---|---|---|
| Operating margin | 4.3% | 5.7% | 4.3% | 3.6% | 3.0% | 1.7% | |
| Net margin | 3.3% | 4.3% | 2.9% | 2.1% | 1.6% | 0.6% | |
| Return on capital employed | 28.3% | 44.1% | 35.3% | 32.1% | 39.5% | 21.3% | |
| Gearing (liabilities / total assets) | 80.6% | 77.9% | 75.5% | 74.5% | 79.8% | 78.8% | |
| Current ratio | — | — | — | 1.38x | 1.23x | 1.24x | |
| Interest cover | 27.51x | 16.75x | 7.42x | 4.59x | 3.74x | 2.35x |
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
- Standalone (parent only)
- Auditor
- Forvis Mazars LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt a going concern basis of accounting in preparing the annual financial statements.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| FALLON, Gerard Alexander | Director | 2011-12-01 | Jun 1956 | British |
| KHAN, Andrew Mark | Director | 2022-03-15 | Nov 1983 | British |
| KHAN, Paul Adam | Director | 2022-03-15 | Jan 1985 | British |
| KHAN, Raja Alexander | Director | 2010-11-01 | Jun 1962 | British |
| MCLEAN, Samuel | Director | 2022-03-15 | Jan 1968 | British |
| NEWMAN, Peter John Philip | Director | 2022-03-15 | Dec 1979 | British |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| WEST, Graham Roland | Secretary | — | 2010-11-01 |
| ARNOLD, Mark James | Director | 2010-11-01 | 2017-01-31 |
| KIRK, Philip Anthony | Director | 2011-12-01 | 2024-10-31 |
| WEST, Graham Roland | Director | — | 2010-11-01 |
| WEST, Jillian Anne | Director | — | 2010-11-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Belgrade Trading Limited | Corporate entity | Shares 75–100% | 2016-04-07 | Active |
Filing timeline
Last 20 of 132 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-03 | AA | accounts | Accounts with accounts type full | |
| 2025-12-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-30 | AA | accounts | Accounts with accounts type full | |
| 2024-12-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-02 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-24 | AA | accounts | Accounts with accounts type full | |
| 2023-11-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-11 | AA | accounts | Accounts with accounts type full | |
| 2023-06-20 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-11-24 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-11-24 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-07-29 | AA | accounts | Accounts with accounts type full | |
| 2022-03-18 | AP01 | officers | Appoint person director company with name date | |
| 2022-03-18 | AP01 | officers | Appoint person director company with name date | |
| 2022-03-18 | AP01 | officers | Appoint person director company with name date | |
| 2022-03-18 | AP01 | officers | Appoint person director company with name date | |
| 2021-12-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-06-25 | AA | accounts | Accounts with accounts type full | |
| 2020-12-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-09-01 | AAMD | accounts | Accounts amended with accounts type full |
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.