P AND A FENCING AND SHEDS LIMITED
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Cash
£32K
+253.9% highest in 5 filed years
Net assets
£4.3M
-0.7% vs 2023
Employees
125
-6.7% lowest in 5 filed years
Profit before tax
£165K
-48.3% lowest in 5 filed years
Net assets
5-year trend · vs Basic Materials median
Accounts
5-year trend · Δ = latest vs prior filed period · latest reflected 2024-09-30
| Metric | Trend | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | £14,866,924 | £19,077,852 | — | £14,841,227 | £14,683,658 | -1.1% | |
| Operating profit | £1,334,321 | £2,370,257 | — | £498,554 | £314,748 | -36.9% | |
| Profit before tax | £1,219,297 | £2,319,775 | £1,041,754 | £319,059 | £164,836 | -48.3% | |
| Net profit | £1,030,890 | £1,931,893 | £876,514 | £281,407 | £66,935 | -76.2% | |
| Cash | £17,441 | £14,783 | £2,735 | £8,949 | £31,670 | +253.9% | |
| Total assets less current liabilities | £6,069,899 | £6,363,065 | £6,421,538 | £6,542,532 | £6,241,938 | -4.6% | |
| Net assets | £3,433,959 | £4,006,352 | £4,169,366 | £4,349,308 | £4,317,043 | -0.7% | |
| Equity | £3,433,959 | £4,006,352 | £4,169,366 | £4,349,308 | £4,317,043 | -0.7% | |
| Average employees | 158 | 139 | 140 | 134 | 125 | -6.7% | |
| Wages | £3,021,233 | £3,273,348 | £3,423,189 | £3,226,424 | £3,208,954 | -0.5% | |
| Directors' remuneration | £231,111 | £265,708 | £125,340 | £147,933 | £154,689 | +4.6% |
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 | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 |
|---|---|---|---|---|---|---|
| Operating margin | 9.0% | 12.4% | — | 3.4% | 2.1% | |
| Net margin | 6.9% | 10.1% | — | 1.9% | 0.5% | |
| Return on capital employed | 22.0% | 37.3% | — | 7.6% | 5.0% | |
| Gearing (liabilities / total assets) | — | — | — | 52.0% | 48.8% | |
| Current ratio | — | — | — | 3.35x | 3.61x | |
| Interest cover | 11.60x | 46.95x | — | 2.53x | 1.90x |
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
- P AND A FENCING AND SHEDS LIMITED 1985-06-21 → present
- BINDCROFT LIMITED 1985-01-24 → 1985-06-21
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- D G Hicks Ltd
- 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. 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 company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Significant events
- “Turnover for the year was £14.7mil and was consistent with the prior year of £14.84mil, margins continue to hold. The Company has been heavily overstocked in recent years but in 2023 progress had been made to reduce the stock levels with an overall reduction of 28.72% and a further reduction in 2024 of 16%, to bring the total down to £1.74mil. Inflation has created further challenges particularly in relation labour rates. Despite a reduction in headcount labour costs have increased year on year. The recent charges in the rate of employers national insurance will further add to this pressure in 2025. The Company has continued to invest in new technology and process improvements which will make us more efficient going forward.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 11 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BAKER, Andrew | Director | 2013-12-11 | Aug 1976 | Welsh |
| HUGHES, Rhys Hywel | Director | 2004-07-15 | Aug 1970 | British |
| MORGAN, Steven George | Director | 1998-05-28 | Aug 1969 | British |
Show 11 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DUNN, John | Secretary | 1996-01-29 | 2001-10-05 |
| MILLS, Ann Pauline | Secretary | 2002-01-03 | 2008-09-30 |
| MORGAN, Malcolm | Secretary | 1994-04-21 | 1996-01-29 |
| MORGAN, Margaret Ann | Secretary | — | 1994-04-21 |
| BAINBRIDGE, Hazel | Director | 2017-09-01 | 2026-01-16 |
| HUNG, Ching Yu | Director | 2019-09-04 | 2024-09-13 |
| MORGAN, Angus | Director | 1994-04-21 | 1997-09-25 |
| MORGAN, Malcolm | Director | — | 2015-07-13 |
| MORGAN, Margaret Ann | Director | — | 1994-04-21 |
| SHEA, Michael Sinclair, Dr | Director | — | 2000-09-30 |
| WU, Yun | Director | 2019-08-27 | 2024-09-13 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| George Morgan Holdings Limited | Corporate entity | Shares 75–100%, Shares 75–100% (as trust), Shares 75–100% (as firm) | 2016-04-06 | Active |
Filing timeline
Last 20 of 146 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-04-29 MA Memorandum articles
- 2025-04-23 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-24 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-01-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-16 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-30 | AA | accounts | Accounts with accounts type full | |
| 2025-04-29 | MA | incorporation | Memorandum articles | |
| 2025-04-23 | RESOLUTIONS | resolution | Resolution | |
| 2025-01-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-13 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-13 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-06 | CH01 | officers | Change person director company with change date | |
| 2024-06-28 | AA | accounts | Accounts with accounts type full | |
| 2024-03-14 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-12-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-03 | AA | accounts | Accounts with accounts type full | |
| 2022-12-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-06-27 | AA | accounts | Accounts with accounts type full | |
| 2022-03-09 | DISS40 | gazette | Gazette filings brought up to date | |
| 2022-03-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-03-08 | GAZ1 | gazette | Gazette notice compulsory | |
| 2021-07-12 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 0
- 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.