KVERNELAND GROUP UK LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-08-14 (in 3mo)
Last made up 2025-07-31
Watchouts
None on the register
Cash
£0
-100% vs 2023
Net assets
£10M
+1.8% vs 2023
Employees
46
-2.1% lowest in 4 filed years
Profit before tax
£403K
-12% vs 2023
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · latest reflected 2024-12-31
| Metric | Trend | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | £31,529,000 | £32,735,000 | — | £31,708,000 | £26,595,000 | |
| Operating profit | — | £877,000 | — | — | £941,000 | £438,000 | |
| Profit before tax | — | £340,000 | £567,000 | — | £458,000 | £403,000 | |
| Net profit | — | — | — | — | £335,000 | £256,000 | |
| Cash | — | £0 | £1,000 | — | £1,000 | £0 | |
| Total assets less current liabilities | — | £11,434,000 | £11,564,000 | — | £13,251,000 | £13,167,000 | |
| Net assets | — | — | — | — | £10,188,000 | £10,373,000 | |
| Equity | -£4,320,000 | £9,020,000 | £8,381,000 | -£2,031,000 | £10,188,000 | £10,373,000 | |
| Average employees | — | 54 | 53 | — | 47 | 46 | |
| Wages | — | £2,447,000 | £2,571,000 | — | £2,314,000 | £2,111,000 | |
| Directors' remuneration | — | £154,000 | £176,000 | — | £198,000 | £121,000 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-16.1%
£31,708,000 £26,595,000
lowest in 4 filed years
-
Cash
-100%
£1,000 £0
-
Net assets
+1.8%
£10,188,000 £10,373,000
-
Employees
-2.1%
47 46
lowest in 4 filed years
-
Operating profit
-53.5%
£941,000 £438,000
lowest in 3 filed years
-
Profit before tax
-12%
£458,000 £403,000
-
Wages
-8.8%
£2,314,000 £2,111,000
lowest in 4 filed years
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | 2.8% | — | — | 3.0% | 1.6% | |
| Net margin | — | — | — | — | 1.1% | 1.0% | |
| Return on capital employed | — | 7.7% | — | — | 7.1% | 3.3% | |
| Current ratio | — | — | — | — | 2.47x | 3.34x | |
| Interest cover | — | 1.11x | — | — | 1.14x | 4.34x |
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
- KVERNELAND GROUP UK LIMITED 2001-02-02 → present
- KVERNELAND (U.K.) LIMITED 1978-03-16 → 2001-02-02
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Mitchell Charlesworth (Audit) Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”
Significant events
- “2024 opened with an extremely low order book at around £5M less than 2023.”
- “Trading conditions were difficult with high interest rates, high levels of expensive tractor stock in dealerships, industry sales figures at all time lows, and very wet planting conditions in the early part of the year.”
- “The second out of season period expected in October/November 2024 saw an improved order intake on May 2024 and similar to 2023 but below expectation as dealers were still over stocked with tractors.”
- “Order intake in the final quarter of 2024 exceeded 2023 and was the start of improved order intakes.”
- “An improved turnover and profitability are expected in 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 24 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LOOKER, Nicola Catherine | Secretary | 2020-02-19 | — | — |
| CROWE, Daniel Hugh | Director | 2023-08-01 | Sep 1967 | British |
| ENGELBRECHT, Karl Ernst | Director | 2025-01-01 | Jan 1982 | South African |
Show 24 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BARRATT, Geoffrey Michael | Secretary | 1994-04-18 | 1996-05-10 |
| BELL, Joseph | Secretary | 1998-12-30 | 2004-03-24 |
| RAEBURN, Jacqueline | Secretary | 2004-03-24 | 2020-02-19 |
| SNELLING, Andrew Edward | Secretary | — | 1994-04-18 |
| TYLEY, Katrina Marian | Secretary | 1996-09-19 | 1998-09-30 |
| BELL, Joseph | Director | 1998-05-27 | 2023-10-31 |
| BERG, Audun | Director | — | 1998-02-12 |
| DICKINSON, Michael | Director | 1996-04-10 | 1998-05-27 |
| DYKE, Cyril Arthur | Director | — | 1992-06-30 |
| GJERDE, Arild | Director | 2013-09-02 | 2025-01-01 |
| HEGSTAD, Sven Olaf | Director | — | 1991-12-18 |
| HIRD, Anthony Alan | Director | — | 1996-04-10 |
| HORSDAL, Olav | Director | 1991-08-30 | 1997-11-07 |
| LILJEQVIST, Jan | Director | — | 1991-12-31 |
| MARTENS, Heinrich W | Director | 1999-02-25 | 2000-03-21 |
| PULS, Christian | Director | 1997-11-07 | 2000-03-21 |
| RANDLES, George Edward | Director | 1998-05-27 | 2006-12-31 |
| ROCHE, Christopher James Edward | Director | 1999-02-25 | 2004-03-24 |
| SKOVDAL, Lasse Godsk | Director | 1994-10-12 | 2000-03-21 |
| SMART, Colin | Director | 1997-11-07 | 1998-12-30 |
| SOFTING, Leif | Director | 1997-11-07 | 2000-09-30 |
| SPANNE, Jakob Rolf Kristian | Director | 1992-05-04 | 1994-10-12 |
| UNDERHAUG, Frode | Director | 1992-05-04 | 1998-02-12 |
| WOODWARD, Mark James Lee | Director | 1996-05-14 | 1996-09-19 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Kubota Corporation | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors, Significant influence | 2016-06-30 | Active |
Filing timeline
Last 20 of 158 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-25 | CH01 | officers | Change person director company with change date | |
| 2025-09-08 | AA | accounts | Accounts with accounts type full | |
| 2025-08-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-10 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-10 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-08 | AA | accounts | Accounts with accounts type full | |
| 2024-08-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-07 | TM01 | officers | Termination director company with name termination date | |
| 2023-08-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-01 | CH01 | officers | Change person director company with change date | |
| 2023-08-01 | AP01 | officers | Appoint person director company with name date | |
| 2023-07-19 | AA | accounts | Accounts with accounts type full | |
| 2022-08-19 | AA | accounts | Accounts with accounts type full | |
| 2022-08-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-27 | AAMD | accounts | Accounts amended with accounts type full | |
| 2021-08-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-05-14 | AA | accounts | Accounts with accounts type full | |
| 2020-08-21 | AA | accounts | Accounts with accounts type full | |
| 2020-08-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-02-19 | TM02 | officers | Termination secretary company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.