CREST LEATHERS LIMITED
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Cash
£1.3M
USD 1,753,433
Latest balance sheet
Net assets
£24M
USD 32,231,685
highest in 5 filed years
Employees
51
highest in 3 filed years
Profit before tax
£3M
USD 4,040,914
Period ending 2025-12-31
Net assets
6-year trend · vs Consumer Discretionary median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | £63,233,268 | £88,067,825 | £93,216,799 | £71,021,860 | £79,663,888 | £71,549,297 | — | |
| Operating profit | — | — | — | £5,524,381 | £3,482,428 | £3,753,161 | — | |
| Profit before tax | — | £6,438,090 | £1,953,137 | £3,493,038 | £1,941,008 | £3,025,089 | — | |
| Net profit | — | — | — | £2,715,469 | £1,373,684 | £2,191,287 | — | |
| Cash | — | — | — | £1,263,549 | £1,333,948 | £1,312,646 | — | |
| Total assets less current liabilities | — | — | — | £29,598,050 | £23,162,726 | £24,173,450 | — | |
| Net assets | — | £16,575,086 | £18,391,975 | £20,804,013 | £22,075,210 | £24,129,125 | — | |
| Equity | — | — | — | £20,804,346 | £22,075,210 | £24,129,125 | — | |
| Average employees | — | — | — | 40 | 45 | 51 | — | |
| Wages | — | — | — | £2,257,181 | £3,503,223 | £4,696,303 | — | |
| Directors' remuneration | — | — | — | £473,953 | £1,530,927 | £1,526,696 | — |
Figures converted to GBP from USD at 0.749 per USD (Frankfurter spot rate) — hover any figure for the original. — 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 —. Year-on-year comparison hidden: this filing's period length differs materially from the prior year. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | 7.8% | 4.4% | 5.2% | |
| Net margin | — | — | — | 3.8% | 1.7% | 3.1% | |
| Return on capital employed | — | — | — | 18.7% | 15.0% | 15.5% | |
| Gearing (liabilities / total assets) | — | — | — | — | 65.3% | 57.4% | |
| Current ratio | — | — | — | 1.50x | 1.30x | 1.38x | |
| Interest cover | — | — | — | 2.65x | 2.18x | 4.21x |
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 2 times since incorporation
- CREST LEATHERS LIMITED 1998-10-08 → present
- EAST HIDE LEATHER LIMITED 1998-08-25 → 1998-10-08
- BOUNDBASE LIMITED 1998-08-06 → 1998-08-25
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Armstrong Watson Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the director's 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 Group and 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
- CREST LEATHERS LIMITED · parent
- Crest JMT Leather Limited 98.75%
- Crest Leather LLC 100%
- Beachtone Trading Limited 100%
- Crest Leather S.A DE C.V 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 9 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PATEL, Chirag Bupendrabhai | Director | 1998-08-17 | Sep 1968 | British |
Show 9 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| PATEL, Ketan Bhupendra | Secretary | 1998-08-17 | 2015-12-31 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 1998-08-06 | 1998-08-17 |
| GLUCKMAN, Geoffrey Raymond | Director | 2007-09-24 | 2008-12-05 |
| GRAHAM, Ian | Director | 2001-06-01 | 2010-03-01 |
| PATEL, Ketan Bhupendra | Director | 2011-07-01 | 2013-06-10 |
| RIGONI, Alessandro | Director | 2003-09-02 | 2014-10-31 |
| STEWART, Philip Wilson | Director | 2013-05-28 | 2018-09-21 |
| ZULBERG, Martin Ian | Director | 2005-06-13 | 2010-05-28 |
| INSTANT COMPANIES LIMITED | Corporate Nominee Director | 1998-08-06 | 1998-08-17 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 125 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-26 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-06-25 | AA | accounts | Accounts with accounts type group | |
| 2025-09-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-19 | AA | accounts | Accounts with accounts type group | |
| 2024-10-21 | AA | accounts | Accounts with accounts type group | |
| 2024-09-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-09 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-10-11 | AA | accounts | Accounts with accounts type group | |
| 2023-09-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-07-22 | AA | accounts | Accounts with accounts type group | |
| 2021-08-26 | AA | accounts | Accounts with accounts type group | |
| 2021-08-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-02-05 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2021-02-05 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2020-07-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-06-09 | AA | accounts | Accounts with accounts type group | |
| 2019-07-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-04-25 | AA | accounts | Accounts with accounts type group | |
| 2018-09-21 | TM01 | officers | Termination director 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.