PRICE & PIERCE FOREST PRODUCTS LTD
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Cash
£5.5M
+2.1% highest in 6 filed years
Net assets
£14M
+12.3% highest in 6 filed years
Employees
17
+6.3% vs 2024
Profit before tax
£2.1M
+9.2% first positive since 2022
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 | £42,487,004 | £68,063,002 | £51,830,960 | £40,647,364 | £34,001,321 | £39,406,317 | +15.9% | |
| Operating profit | £2,485,780 | £8,009,632 | -£798,536 | £396,372 | £1,794,332 | £2,052,922 | +14.4% | |
| Profit before tax | £2,465,712 | £7,951,137 | -£914,129 | £384,819 | £1,950,230 | £2,129,915 | +9.2% | |
| Net profit | £1,990,245 | £6,439,464 | -£969,129 | £384,819 | £1,626,302 | £1,580,915 | -2.8% | |
| Cash | £340,458 | £75,324 | £32,916 | £384,384 | £5,352,228 | £5,463,731 | +2.1% | |
| Total assets less current liabilities | £5,412,756 | £11,852,220 | £10,883,091 | £11,267,910 | £12,894,212 | £14,475,127 | +12.3% | |
| Net assets | £5,412,756 | £11,852,220 | £10,883,091 | £11,267,910 | £12,894,212 | £14,475,127 | +12.3% | |
| Equity | £5,412,756 | £11,852,220 | £10,883,091 | £11,267,910 | £12,894,212 | £14,475,127 | +12.3% | |
| Average employees | 19 | 19 | 18 | 19 | 16 | 17 | +6.3% | |
| Wages | £1,032,089 | £1,195,065 | £821,623 | £1,135,759 | £1,031,220 | £1,009,075 | -2.1% | |
| Directors' remuneration | £118,447 | £121,413 | £125,594 | — | £161,591 | £186,204 | +15.2% |
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 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | 5.9% | 11.8% | -1.5% | 1.0% | 5.3% | 5.2% | |
| Net margin | 4.7% | 9.5% | -1.9% | 0.9% | 4.8% | 4.0% | |
| Return on capital employed | 45.9% | 67.6% | -7.3% | 3.5% | 13.9% | 14.2% | |
| Current ratio | — | — | — | — | 5.62x | 5.50x | |
| Interest cover | — | — | -6.91x | 34.31x | 17.17x | — |
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
- PRICE & PIERCE FOREST PRODUCTS LTD 2012-07-02 → present
- PRICE & PIERCE SOFTWOODS LIMITED 1999-12-16 → 2012-07-02
- VERIFAX LIMITED 1999-09-15 → 1999-12-16
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Menzies LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have a reasonable expectation that the Company has adequate resources to continue operational existence for the foreseeable future.”
Significant events
- “The trading climate experienced during the year ending 31 December 2025 was one of uncertainty. The rather low demand experienced during 2024 continued largely influenced by economic uncertainty in the construction market and lack of new-build housing activity. Wholesale prices of raw material pushed ahead through Q1 & Q2 but started to collapse after summer and continued to fall month on month until the end of the year. This made margin expectations difficult to maintain and thus, we ended the year up on turnover but down on margin.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| WALLACE, Matthew David | Secretary | 2022-02-25 | — | — |
| KRAFT, Daniel Adam | Director | 2019-05-17 | Apr 1965 | American |
| SHAVE, Tim | Director | 2024-02-22 | Oct 1967 | British |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| RHYS-DAVIES, Andrew Charles | Secretary | 1999-12-10 | 2022-02-25 |
| WHBC NOMINEE SECRETARIES LIMITED | Corporate Nominee Secretary | 1999-09-15 | 1999-12-10 |
| BUCHANAN, Kenneth Mckenzie | Director | 2012-04-05 | 2019-05-17 |
| GORE, Richard Hornby | Director | 1999-12-10 | 2009-04-08 |
| PITT, Stephen | Director | 1999-12-10 | 2024-02-22 |
| SAWULA, Taras William | Director | 2010-10-01 | 2012-04-05 |
| YORK, Russell | Director | 2000-03-03 | 2010-10-01 |
| WHBC NOMINEE DIRECTORS LIMITED | Corporate Nominee Director | 1999-09-15 | 1999-12-10 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| International Forest Products Llc | Corporate entity | Shares 75–100% | 2019-05-17 | Active |
| Mr Stephen Pitt | Individual | Significant influence | 2016-04-06 | Ceased 2019-06-28 |
| K.B.Holdings Inc | Corporate entity | Shares 50–75% | 2016-04-06 | Ceased 2019-05-17 |
Filing timeline
Last 20 of 95 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-11 | AA | accounts | Accounts with accounts type full | |
| 2025-10-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-04 | AA | accounts | Accounts with accounts type full | |
| 2024-10-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-30 | AA | accounts | Accounts with accounts type full | |
| 2024-02-22 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-22 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-09 | AA | accounts | Accounts with accounts type full | |
| 2022-11-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-06-13 | AA | accounts | Accounts with accounts type full | |
| 2022-03-09 | AP03 | officers | Appoint person secretary company with name date | |
| 2022-03-09 | TM02 | officers | Termination secretary company with name termination date | |
| 2021-10-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-05-21 | AA | accounts | Accounts with accounts type full | |
| 2020-10-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-06-29 | AA | accounts | Accounts with accounts type full | |
| 2019-10-18 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2019-08-08 | AA | accounts | Accounts with accounts type full | |
| 2019-07-01 | PSC02 | persons-with-significant-control | Notification of a person with significant control |
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.