P.J.MARTINELLI LIMITED
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Cash
£5.4m
+31.8% vs 2025
Net assets
£7.5m
+0.7% vs 2025
Employees
41
+10.8% vs 2025
Profit before tax
£1.1m
+86.8% vs 2025
Watch the reel
Our short-form breakdown of P.J.MARTINELLI LIMITED's latest filing
Inside the accounts of P.J. Martinelli: how the Smithfield Market meat wholesaler doubled its profit margin this year. 🥩📉📊
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2026-01-31
| Metric | Trend | 2025-01-31 | 2026-01-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £38,559,361 | £39,678,094 | +2.9% | |
| Operating profit | £433,252 | £964,611 | +122.6% | |
| Profit before tax | £582,860 | £1,089,006 | +86.8% | |
| Net profit | £425,735 | £771,616 | +81.2% | |
| Cash | £4,083,277 | £5,380,037 | +31.8% | |
| Total assets less current liabilities | £8,157,670 | £8,105,584 | -0.6% | |
| Net assets | £7,475,886 | £7,527,502 | +0.7% | |
| Equity | £7,475,886 | £7,527,502 | +0.7% | |
| Average employees | 37 | 41 | +10.8% | |
| Wages | £1,664,522 | £1,721,642 | +3.4% | |
| Directors' remuneration | £135,193 | £89,980 | -33.4% | |
| Directors' pension contributions | £150,000 | £200,000 | +33.3% |
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 | 2025-01-31 | 2026-01-31 |
|---|---|---|---|
| Operating margin | 1.1% | 2.4% | |
| Net margin | 1.1% | 1.9% | |
| Return on capital employed | 5.3% | 11.9% | |
| Gearing (liabilities / total assets) | 40.5% | 40.8% | |
| Current ratio | 2.23x | 2.26x | |
| Interest cover | 10.73x | 7.56x |
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.J.MARTINELLI LIMITED 1988-06-16 → present
- HALESIGN LIMITED 1987-02-23 → 1988-06-16
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- S&W Audit
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have assessed the Company's ability to continue as a going concern and confirm that the going concern basis remains appropriate.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MARTINELLI, Anne-Marie | Secretary | 2009-01-12 | — | Other |
| MARTINELLI, Anne Marie | Director | 2009-12-31 | Jun 1958 | British |
| MARTINELLI, Paul Nicolas | Director | — | Sep 1961 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GEORGE, Michael Allan | Secretary | — | 2009-01-12 |
| GEORGE, Michael Allan | Director | — | 2009-12-23 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Paul Nicolas Martinelli | Individual | Shares 50–75% | 2016-04-06 | Active |
Filing timeline
Last 20 of 124 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-10-04 | AA | accounts | Accounts with accounts type medium | |
| 2026-10-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-17 | AUD | auditors | Auditors resignation company | |
| 2025-11-05 | AA | accounts | Accounts with accounts type full | |
| 2025-01-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-01 | AA | accounts | Accounts with accounts type full | |
| 2024-01-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-03 | AA | accounts | Accounts with accounts type full | |
| 2023-05-01 | AA01 | accounts | Change account reference date company previous extended | |
| 2023-01-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-06-29 | AA | accounts | Accounts with accounts type full | |
| 2022-01-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-07-05 | AA | accounts | Accounts with accounts type full | |
| 2021-01-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-04-08 | AA | accounts | Accounts with accounts type full | |
| 2020-01-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-06-28 | AA | accounts | Accounts with accounts type full | |
| 2019-01-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2018-06-21 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- 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.