FURROWS HOLDINGS LIMITED
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Cash
£3.1m
-4% vs 2024
Net assets
£23m
-37.5% lowest in 3 filed years
Employees
80
-73.9% lowest in 3 filed years
Profit before tax
£1.1m
-69.9% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
4 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
-
2 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
3-year trend · vs Real Estate median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £118,343,968 | £116,558,171 | £33,169,807 | -71.5% | |
| Operating profit | £4,676,184 | £4,200,872 | £1,620,304 | -61.4% | |
| Profit before tax | £4,327,108 | £3,585,240 | £1,080,318 | -69.9% | |
| Net profit | £3,312,702 | £2,481,614 | £1,137,252 | -54.2% | |
| Cash | £2,470,095 | £3,271,155 | £3,140,311 | -4% | |
| Total assets less current liabilities | £41,475,186 | £44,154,056 | £30,945,237 | -29.9% | |
| Net assets | £32,884,290 | £36,267,127 | £22,667,203 | -37.5% | |
| Equity | £32,884,290 | £36,267,127 | £22,667,203 | -37.5% | |
| Average employees | 292 | 307 | 80 | -73.9% | |
| Wages | £8,437,729 | £8,440,660 | £2,277,270 | -73% | |
| Directors' remuneration | £227,320 | £146,331 | £65,331 | -55.4% | |
| Directors' pension contributions | £2,752 | £2,642 | £881 | -66.7% | |
| Highest paid director | £116,353 | £78,106 | — | — |
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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 4.0% | 3.6% | 4.9% | |
| Net margin | 2.8% | 2.1% | 3.4% | |
| Return on capital employed | 11.3% | 9.5% | 5.2% | |
| Gearing (liabilities / total assets) | 47.8% | 46.5% | 34.4% | |
| Current ratio | 1.16x | 1.28x | 0.95x | |
| Interest cover | 5.55x | 6.41x | 2.86x |
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
- FURROWS HOLDINGS LIMITED 2001-09-13 → present
- MOTOR HOUSE (SHREWSBURY) LIMITED 1996-02-22 → 2001-09-13
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- WR Partners
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“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 Group's or the Parent 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.”
Group structure
- FURROWS HOLDINGS LIMITED · parent
- Furrows Properties Limited 100%
Significant events
- “On 2 April 2025 the group disposed of its subsidiary undertakings, Furrows Limited and Security Investments (Industrial) Limited.”
- “Included within bank loans is a loan from Barclays of £6,000,000 due to be repaid in a lump sum in April 2028.”
- “On 1 April 2025 the immediate parent company became PropCow2024 after a group reorganisation.”
- “On 2 April 2025 the group disposed of its subsidiary undertaking, Furrows Limited and Security Investments (Industrial) Limited by way of a dividend in specie at cost of £3,041,159 to its parent undertaking, PropCow2024 Limited.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| COWARD, Nicholas Ian | Director | 2001-02-26 | Feb 1966 | British |
| DOWNEY, Rachel Mary Jane | Director | 2001-02-26 | Mar 1968 | British |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BURGESS, Neil | Secretary | 2020-10-01 | 2025-11-06 |
| COWARD, Arthur John | Secretary | 1999-04-01 | 2000-04-13 |
| GILES, Faye Louise | Secretary | 2017-09-29 | 2020-09-30 |
| MOIR, Ian James | Secretary | 2000-04-13 | 2004-10-08 |
| MOIR, Ian James | Secretary | 1996-02-22 | 1997-12-18 |
| STANTON, Keith Richard | Secretary | 2004-10-07 | 2017-09-29 |
| YAXLEY, Christopher William | Secretary | 1997-12-19 | 1999-04-01 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 1996-02-22 | 1996-02-22 |
| COWARD, Arthur John | Director | 1996-02-22 | 2016-04-25 |
| COWARD, Beryl Jane | Director | 1999-04-01 | 2026-05-01 |
| COWARD, Vivien Elizbeth | Director | 2010-01-01 | 2026-05-01 |
| DOWNEY, Wayne Edward | Director | 2010-01-01 | 2026-05-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Propcow2024 Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2025-04-01 | Active |
| Mr Wayne Edward Downey | Individual | Significant influence | 2017-12-31 | Ceased 2019-05-15 |
| Mrs Vivien Coward | Individual | Significant influence | 2017-12-31 | Ceased 2019-05-15 |
| Miss Faye Louise Giles | Individual | Significant influence | 2017-09-29 | Ceased 2017-10-01 |
| Mrs Rachel Mary Jane Downey | Individual | Shares 25–50%, Voting 25–50% | 2017-09-01 | Ceased 2025-04-01 |
| Mr Nicholas Ian Coward | Individual | Shares 25–50%, Voting 25–50% | 2017-09-01 | Ceased 2025-04-01 |
| Mrs Beryl Jane Coward | Individual | Shares 25–50%, Voting 25–50% | 2017-09-01 | Ceased 2024-04-01 |
| Mr Keith Richard Stanton | Individual | Significant influence | 2017-01-01 | Ceased 2017-09-29 |
Filing timeline
Last 20 of 163 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-06 | AA | accounts | Accounts with accounts type group | |
| 2026-06-02 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-05-19 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2026-05-06 | TM01 | officers | Termination director company with name termination date | |
| 2026-05-06 | TM01 | officers | Termination director company with name termination date | |
| 2026-05-06 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-11 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-10-08 | CH01 | officers | Change person director company with change date | |
| 2025-10-07 | CH01 | officers | Change person director company with change date | |
| 2025-10-07 | CH01 | officers | Change person director company with change date | |
| 2025-10-07 | CH01 | officers | Change person director company with change date | |
| 2025-10-07 | CH01 | officers | Change person director company with change date | |
| 2025-10-07 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-10-02 | AA | accounts | Accounts with accounts type group | |
| 2025-09-03 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-08-29 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-08-29 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-08-29 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-05-28 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-05-28 | PSC07 | persons-with-significant-control | Cessation of a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 14
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 4
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.