COMPASS TRACTORS LIMITED

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

• Turnover

  +4.2%

  £23,155,122 → £24,136,229

• Cash

  +10,631.8%

  £2,450 → £262,928

• Net assets

  +11%

  £4,690,226 → £5,205,743

  highest in 5 filed years

• Employees

  0%

  27 → 27

• Operating profit

  +64.3%

  £567,742 → £933,001

• Profit before tax

  +88.4%

  £412,166 → £776,416

• Wages

  +1.8%

  £1,245,549 → £1,267,887

  highest in 5 filed years

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

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

PKF Francis Clark

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The company is highly profitable, but the nature of the business and sector is such that the working capital cycle is generally long and a significant working capital investment in stock is required to operate profitability. This can result in periods of limited headroom within the company's existing facilities, which comprise a mortgage, bank overdraft and a stocking plan. Whilst the company operates within a sector which makes reliable forecasting extremely difficult, both in terms of sales activity and cash conversion, the directors are highly experienced in managing such periods. The company also benefits from long-standing relationships with its bankers, key customers and key suppliers.”

Significant events

• “Turnover in the year for the year increased by £981,707 (4%) versus the year ended 31 December 2023. The gross margin increased to 7.3% from 6.8% and the net profit before tax has increased from £412k (2023) to £776k. This is mainly due to the increase in gross margin and the improved stocking which has impacted the stocking interest charges. A further investment of £1,381k was made for fixed assets additions, of which £1,171k was for plant and machinery.”

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

Filings

2

last 12 months

Capital events

0

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.