STATESIDE FOODS LIMITED
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Cash
£3.8m
-9.5% vs 2025
Net assets
£27m
+21.2% vs 2025
Employees
1,273
+5% vs 2025
Profit before tax
£6.8m
-37% vs 2025
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The directors have prepared a cash flow forecast and performed a going concern assessment which shows that, in both the base and reasonably possible downsides, which models a reduction in revenues and gross margin due to the loss of a key customer and an increase in interest rates on group borrowings, the Company will require additional funds through funding from its parent company to meets its liabilities as they fall due during the 12 month period ending, 31st July 2027, the going concern assessment period.
-
Going-concern uncertainty disclosed
Net assets
2-year trend · vs Consumer Staples median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2026-02-28
| Metric | Trend | 2025-02-28 | 2026-02-28 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £204,627,000 | £229,691,000 | +12.2% | |
| Operating profit | £14,387,000 | £12,877,000 | -10.5% | |
| Profit before tax | £10,791,000 | £6,795,000 | -37% | |
| Net profit | £5,373,000 | £4,764,000 | -11.3% | |
| Cash | £4,218,000 | £3,816,000 | -9.5% | |
| Total assets less current liabilities | £37,165,000 | £38,381,000 | +3.3% | |
| Net assets | £22,501,000 | £27,265,000 | +21.2% | |
| Equity | £22,501,000 | £27,265,000 | +21.2% | |
| Average employees | 1,212 | 1,273 | +5% | |
| Wages | £37,673,000 | £42,877,000 | +13.8% | |
| Directors' remuneration | £1,713,000 | £2,080,000 | +21.4% |
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 | 2025-02-28 | 2026-02-28 |
|---|---|---|---|
| Operating margin | 7.0% | 5.6% | |
| Net margin | 2.6% | 2.1% | |
| Return on capital employed | 38.7% | 33.6% | |
| Gearing (liabilities / total assets) | 81.0% | — | |
| Current ratio | 0.91x | 1.06x | |
| Interest cover | 3.98x | 2.00x |
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
- STATESIDE FOODS LIMITED 1990-01-31 → present
- DEALANDS LIMITED 1989-10-12 → 1990-01-31
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Forvis Mazars LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The directors have prepared a cash flow forecast and performed a going concern assessment which shows that, in both the base and reasonably possible downsides, which models a reduction in revenues and gross margin due to the loss of a key customer and an increase in interest rates on group borrowings, the Company will require additional funds through funding from its parent company to meets its liabilities as they fall due during the 12 month period ending, 31st July 2027, the going concern assessment period.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 24 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| WATSON, Samantha Kerry | Secretary | 2024-12-20 | — | — |
| BERNDT, Uwe | Director | 2008-03-01 | Apr 1970 | German |
| CUNLIFFE, Stuart Liam | Director | 2024-03-01 | Sep 1979 | British |
| GOODALL, Philip James | Director | 2023-03-01 | Jun 1971 | British |
| HEINISCH, Oliver Carsten | Director | 2011-04-01 | Aug 1969 | German |
| KLANTSCHITSCH, Thorid, Doctor | Director | 2024-02-22 | Jun 1969 | Swiss |
| SIMPSON, Ruth | Director | 2025-09-01 | Mar 1976 | British |
| WEBER, Siegfried | Director | 2008-03-01 | Apr 1963 | German |
Show 24 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GAVAN, David Robert | Secretary | 2003-09-05 | 2011-09-30 |
| GOODALL, Roy | Secretary | — | 2000-04-14 |
| JONES, Timothy | Secretary | 2011-09-30 | 2024-12-20 |
| JONES, Timothy Michael | Secretary | 2001-11-23 | 2003-09-05 |
| RITSON, Paul Steven | Secretary | 2000-04-14 | 2001-11-23 |
| BULCOCK, Derek | Director | 2002-10-18 | 2005-04-29 |
| GAVAN, David Robert | Director | 2002-10-01 | 2011-09-30 |
| GEORGE, Dennis | Director | 1993-05-01 | 1994-04-15 |
| GOODALL, Roy | Director | — | 2001-12-14 |
| HARROW, Geoffrey Richard | Director | 2003-09-05 | 2016-12-31 |
| HAYSOM, Leonard George Winsor | Director | — | 1996-03-07 |
| HEER, Wolfgang Helmut, Dr | Director | 2003-09-05 | 2008-04-16 |
| JONES, Steven | Director | 1995-03-01 | 2008-01-21 |
| KENT, Michael Ian | Director | 1999-09-30 | 2024-03-31 |
| LUCAS, Jonathan Alan | Director | 1994-03-01 | 2025-10-31 |
| MARNELL, Robert | Director | 2007-09-01 | 2025-02-28 |
| MILBURN, Brian Carr | Director | 2000-01-13 | 2003-09-05 |
| MORENT, Helmut Franz, Herr | Director | 2003-09-05 | 2008-02-29 |
| RITCHIE, Ian James | Director | 1997-03-27 | 1997-11-26 |
| RITSON, Paul Steven | Director | 1998-03-26 | 2001-11-23 |
| SCHULZ, Hans Detlev, Herr | Director | 2003-09-05 | 2021-02-28 |
| SCHULZ, Thomas Georg Alfred | Director | 2018-12-21 | 2025-07-21 |
| STAHN, Carsten | Director | 2021-03-01 | 2025-09-30 |
| WITNEY, Anthony Michael | Director | — | 1992-05-15 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Sandhof Ltd | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 259 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-31 | AA | accounts | Accounts with accounts type full | |
| 2026-07-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-07 | AA | accounts | Accounts with accounts type full | |
| 2025-09-30 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-01 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-22 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-28 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-09 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-01-09 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-12-05 | AA | accounts | Accounts with accounts type full | |
| 2024-08-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-05 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-01 | AP01 | officers | Appoint person director company with name date | |
| 2024-02-23 | AP01 | officers | Appoint person director company with name date | |
| 2023-12-14 | AUD | auditors | Auditors resignation company | |
| 2023-11-14 | AA | accounts | Accounts with accounts type full | |
| 2023-08-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-03-06 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 2
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.