PRICE & PIERCE FOREST PRODUCTS LTD

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Next accounts due

2027-09-30 (in 1y)

Last filed for 2025-12-31

Confirmation statement due

2026-10-20 (in 5mo)

Last made up 2025-10-06

Watchouts

None on the register

Cash

£5M

+2.1% highest in 10 filed years

Net assets

£14M

+12.3% highest in 6 filed years

Employees

+6.3% vs 2024

Profit before tax

£2M

+9.2% first positive since 2022

Net assets

10-year trend · vs Consumer Discretionary median

PRICE & PIERCE FOREST PRODUCTS LTD·Consumer Discretionary median · n=10325

Accounts

10-year trend · latest reflected 2025-12-31

Metric	2020-12-31	2021-01-01	2021-12-31	2022-01-01	2022-12-31	2023-01-01	2023-12-31	2024-01-01	2024-12-31	2025-12-31
Turnover	£42,487,004	—	£68,063,002	—	£51,830,960	—	£40,647,364	—	£34,001,321	£39,406,317
Operating profit	£2,485,780	—	£8,009,632	—	-£798,536	—	£396,372	—	£1,794,332	£2,052,922
Profit before tax	£2,465,712	—	£7,951,137	—	-£914,129	—	£384,819	—	£1,950,230	£2,129,915
Net profit	£1,990,245	—	£6,439,464	—	-£969,129	—	£384,819	—	£1,626,302	£1,580,915
Cash	£340,458	£340,458	£75,324	£75,324	£32,916	£32,916	£384,384	£384,384	£5,352,228	£5,463,731
Total assets less current liabilities	£5,412,756	—	£11,852,220	—	£10,883,091	—	£11,267,910	—	£12,894,212	£14,475,127
Net assets	£5,412,756	—	£11,852,220	—	£10,883,091	—	£11,267,910	—	£12,894,212	£14,475,127
Equity	£5,412,756	—	£11,852,220	—	£10,883,091	—	£11,267,910	—	£12,894,212	£14,475,127
Average employees	19	—	19	—	18	—	19	—	16	17
Wages	£1,032,089	—	£1,195,065	—	£821,623	—	£1,135,759	—	£1,031,220	£1,009,075
Directors' remuneration	£118,447	—	£121,413	—	£125,594	—	—	—	£161,591	£186,204

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Year-on-year

FY2024 → FY2025 · period ending 2025-12-31 vs 2024-12-31

Turnover

+15.9%

£34,001,321 £39,406,317
Cash

+2.1%

£5,352,228 £5,463,731

highest in 10 filed years
Net assets

+12.3%

£12,894,212 £14,475,127

highest in 6 filed years
Employees

+6.3%

16 17
Operating profit

+14.4%

£1,794,332 £2,052,922

first positive since 2022
Profit before tax

+9.2%

£1,950,230 £2,129,915

first positive since 2022
Wages

-2.1%

£1,031,220 £1,009,075

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Ratios

Computed from the line items above — sparklines read oldest → newest

Ratio	2020-12-31	2021-01-01	2021-12-31	2022-01-01	2022-12-31	2023-01-01	2023-12-31	2024-01-01	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	121.50x	—	136.93x	—	-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	PDF
2025-10-09	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2025-09-04	AA	accounts	Accounts with accounts type full	PDF
2024-10-21	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2024-09-30	AA	accounts	Accounts with accounts type full	PDF
2024-02-22	TM01	officers	Termination director company with name termination date	PDF
2024-02-22	AP01	officers	Appoint person director company with name date	PDF
2023-10-06	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2023-08-09	AA	accounts	Accounts with accounts type full	PDF
2022-11-07	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2022-06-13	AA	accounts	Accounts with accounts type full	PDF
2022-03-09	AP03	officers	Appoint person secretary company with name date	PDF
2022-03-09	TM02	officers	Termination secretary company with name termination date	PDF
2021-10-26	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2021-05-21	AA	accounts	Accounts with accounts type full
2020-10-26	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2020-06-29	AA	accounts	Accounts with accounts type full	PDF
2019-10-18	CS01	confirmation-statement	Confirmation statement with updates	PDF
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	PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings: 3
Capital events: 0
Officers appointed: 0
Officers resigned: 0

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

Official Companies House page