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Next accounts due

2027-01-31 (in 8mo)

Last filed for 2025-04-30

Confirmation statement due

2026-06-14 (in 1mo)

Last made up 2025-05-31

Watchouts

1 item

Cash

£869K

+55.9% highest in 10 filed years

Net assets

£6M

-0.2% vs 2024

Employees

35

-47% lowest in 6 filed years

Profit before tax

£138K

-65.9% lowest in 6 filed years

Watchouts

Facts from the Companies House register and the latest accounts — not a rating

Accounts

10-year trend · latest reflected 2025-04-30

Metric Trend 2020-04-302020-05-012021-04-302021-05-012022-04-302022-05-012023-04-302023-05-012024-04-302025-04-30
Turnover £16,064,147£17,706,448£17,046,374£19,263,258£22,054,098£19,322,303
Operating profit £781,391£813,844£539,936£735,695£595,345£318,117
Profit before tax £708,114£791,323£496,472£621,001£405,605£138,493
Net profit £572,685£635,413£400,397£494,753£299,117£107,412
Cash £212,077£212,077£229,994£229,994£400,655£400,655£3,559£3,559£557,680£869,315
Total assets less current liabilities £4,062,508£4,684,596£5,070,977£5,496,641
Net assets £4,030,181£4,665,594£5,065,991£5,481,402£5,700,855£5,687,667
Equity £4,030,181£4,665,594£4,665,594£5,065,991£5,065,991£5,481,402£5,481,402£5,700,855£5,687,667
Average employees 625368756635
Wages £1,414,392£1,477,215£1,879,673£2,517,156£1,891,220£1,293,054
Directors' remuneration

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 2025-04-30 vs 2024-04-30

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 Trend 2020-04-302020-05-012021-04-302021-05-012022-04-302022-05-012023-04-302023-05-012024-04-302025-04-30
Operating margin 4.9%4.6%3.2%3.8%2.7%1.6%
Net margin 3.6%3.6%2.3%2.6%1.4%0.6%
Return on capital employed 19.2%17.4%10.6%13.4%
Gearing (liabilities / total assets) 62.0%52.4%
Current ratio 1.60x1.89x
Interest cover 10.66x36.14x12.42x6.41x3.14x1.75x

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.

Audit & accounting basis

Accounting basis
FRS 102
Reporting scope
Standalone (parent only)
Auditor
Barnes Roffe Audit Limited
Audit opinion
Unqualified (clean)
Going concern
Affirmed

“In auditing the financial statements, we have concluded that the directors' 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 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.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

People

5 active · 7 resigned

Name Role Appointed Born Nationality
CARTER, Harrison Director 2020-09-01 Dec 1987 British
FISHER, Clinton Director 2009-03-20 Sep 1973 British
PAYNE, Laurence David Director 2002-09-11 Jun 1961 British
PAYNE, Nicholas Stephen Director 2016-11-21 Dec 1984 British
PAYNE, Russell Laurence Director 2016-11-21 Nov 1983 British
Show 7 resigned officers
Name Role Appointed Resigned
BENTON, Alan Secretary 2002-09-11 2016-01-01
SOLESBURY, James Andrew Secretary 2016-01-01 2021-07-01
FORM 10 SECRETARIES FD LTD Corporate Nominee Secretary 2002-09-11 2002-09-17
BENTON, Alan Director 2002-09-11 2016-01-01
MORHALL, Stephen Director 2012-09-01 2024-07-01
SOLESBURY, James Andrew Director 2016-01-01 2021-07-01
FORM 10 DIRECTORS FD LTD Corporate Nominee Director 2002-09-11 2002-09-17

Ownership

Persons with significant control

Name Kind Nature of control Notified Status
Merchants Only Limited Corporate entity Shares 75–100%, Voting 75–100%, Appoints directors 2025-11-01 Active
Mr Laurence David Payne Individual Shares 75–100%, Voting 75–100%, Appoints directors 2022-11-01 Ceased 2025-11-01
Mrs Maria Payne Individual Shares 75–100%, Voting 75–100%, Appoints directors 2016-04-06 Ceased 2022-11-01
Mr Laurence David Payne Individual Shares 50–75%, Voting 50–75%, Appoints directors 2016-04-06 Ceased 2017-06-01

Filing timeline

Last 20 of 106 total filings

Material constitutional events — rename, articles re-file, resolution

  • 2024-03-02 MA Memorandum articles
  • 2024-03-02 RESOLUTIONS Resolution
  • 2023-01-23 MA Memorandum articles
  • 2023-01-23 RESOLUTIONS Resolution
Date Type Category Description
2026-01-30 AA accounts Accounts with accounts type full PDF
2025-11-13 PSC02 persons-with-significant-control Notification of a person with significant control PDF
2025-11-13 PSC07 persons-with-significant-control Cessation of a person with significant control PDF
2025-06-09 CS01 confirmation-statement Confirmation statement with no updates PDF
2025-01-28 AA accounts Accounts with accounts type full PDF
2024-07-01 TM01 officers Termination director company with name termination date PDF
2024-06-14 CS01 confirmation-statement Confirmation statement with updates PDF
2024-05-13 SH01 capital Capital allotment shares PDF
2024-03-02 MA incorporation Memorandum articles
2024-03-02 RESOLUTIONS resolution Resolution
2024-01-31 AA accounts Accounts with accounts type full PDF
2023-06-14 CS01 confirmation-statement Confirmation statement with updates PDF
2023-06-14 PSC07 persons-with-significant-control Cessation of a person with significant control PDF
2023-06-14 PSC01 persons-with-significant-control Notification of a person with significant control PDF
2023-01-26 AA accounts Accounts with accounts type full PDF
2023-01-23 MA incorporation Memorandum articles
2023-01-23 RESOLUTIONS resolution Resolution
2023-01-20 SH01 capital Capital allotment shares PDF
2022-06-08 CS01 confirmation-statement Confirmation statement with no updates PDF
2021-11-22 AA accounts Accounts with accounts type full PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
4

last 12 months

Capital events
1

last 24 months

Officers appointed
0

last 12 months

Officers resigned
0

last 12 months

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

Official Companies House page