SOUTHGATE GLOBAL LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-09-01 (in 4mo)
Last made up 2025-08-18
Watchouts
None on the register
Cash
£1M
+2,378.1% highest in 4 filed years
Net assets
£13M
-2.6% lowest in 4 filed years
Employees
94
+3.3% highest in 4 filed years
Profit before tax
-£920K
+76.1% vs 2023
Net assets
4-year trend · vs Consumer Discretionary median
Accounts
4-year trend · latest reflected 2024-12-31
| Metric | Trend | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Turnover | — | — | £38,996,269 | £41,559,336 | |
| Operating profit | — | — | -£1,753,482 | -£782,827 | |
| Profit before tax | £2,785,983 | -£1,345,751 | -£3,843,067 | -£920,377 | |
| Net profit | £2,433,912 | -£1,219,562 | -£2,492,790 | -£355,253 | |
| Cash | £712,944 | £573,896 | £44,213 | £1,095,662 | |
| Total assets less current liabilities | £17,300,399 | £16,032,116 | £13,480,774 | £13,125,521 | |
| Net assets | £17,193,126 | £15,973,564 | £13,480,774 | £13,125,521 | |
| Equity | £17,193,126 | £15,973,564 | £13,480,774 | £13,125,521 | |
| Average employees | 70 | 87 | 91 | 94 | |
| Wages | £3,126,952 | £4,484,426 | £6,482,529 | £5,094,641 | |
| Directors' remuneration | £195,081 | £232,380 | £764,114 | £828,550 |
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
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+6.6%
£38,996,269 £41,559,336
-
Cash
+2,378.1%
£44,213 £1,095,662
highest in 4 filed years
-
Net assets
-2.6%
£13,480,774 £13,125,521
lowest in 4 filed years
-
Employees
+3.3%
91 94
highest in 4 filed years
-
Operating profit
+55.4%
-£1,753,482 -£782,827
-
Profit before tax
+76.1%
-£3,843,067 -£920,377
-
Wages
-21.4%
£6,482,529 £5,094,641
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 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Operating margin | — | — | -4.5% | -1.9% | |
| Net margin | — | — | -6.4% | -0.9% | |
| Return on capital employed | — | — | -13.0% | -6.0% | |
| Gearing (liabilities / total assets) | — | — | 65.7% | 75.2% | |
| Current ratio | — | — | 1.50x | 1.32x | |
| Interest cover | — | — | -0.84x | -5.69x |
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 1 time since incorporation
- SOUTHGATE GLOBAL LIMITED 2020-09-16 → present
- SOUTHGATE PACKAGING LIMITED 2006-08-18 → 2020-09-16
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Saffery LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors believe that the company can continue to adopt the going concern basis of accounting in preparing the 2024 Annual Accounts.”
Group structure
- SOUTHGATE GLOBAL LIMITED · parent
- Southgate Packaging Limited 100%
- Packer Industrial Limited 100%
- Penguin Hygiene Limited 100%
- Southgate Global (US) Inc. 100%
- Southgate Fulfilment EU Limited 100%
Significant events
- “The Company delivered a year of stabilisation and modest growth, with turnover increasing by 6.6% from £39 million in 2023 to £41.56 million in 2024.”
- “In September 2023, a new strategic plan was developed.”
- “funds managed by Rutland Partners LLP ("Rutland") completed the acquisition of a controlling interest in the company, with a new corporate structure developed.”
- “Southgate achieved several notable commercial successes. Most significantly, 2024 saw a substantial uplift in demand for one of our key hero products”
- “the Group undertook a significant refinancing activity in early 2024, which included a debt-for-equity swap.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 14 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BARNES, Graeme Andrew | Director | 2023-07-17 | Oct 1980 | British |
| GORASIA, Harshad Valji | Director | 2023-07-01 | Sep 1977 | British |
| JAMIESON, Alan Rae Dalziel | Director | 2021-08-13 | Jun 1954 | British |
| LENNARD, Iain Graham | Director | 2023-09-11 | Jul 1970 | British |
Show 14 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| TURNER, Stephen Richard | Secretary | 2006-08-18 | 2021-08-13 |
| TEMPLE SECRETARIES LIMITED | Corporate Nominee Secretary | 2006-08-18 | 2006-08-18 |
| BRASIER, Daniel Jon | Director | 2023-03-06 | 2025-11-30 |
| ELLIS, Philip | Director | 2022-02-03 | 2023-03-31 |
| HAGGETT, Luke Domonic Mark | Director | 2022-09-14 | 2023-08-03 |
| KEMBER, Matthew William | Director | 2021-08-13 | 2021-12-24 |
| MCINTYRE, Charles David | Director | 2010-06-22 | 2021-08-13 |
| TURNER, Clive Russell | Director | 2010-06-22 | 2021-08-13 |
| TURNER, Craig | Director | 2018-12-20 | 2021-08-13 |
| TURNER, Dale | Director | 2018-12-20 | 2021-08-13 |
| TURNER, George | Director | 2018-12-20 | 2021-08-13 |
| TURNER, Marcus James | Director | 2006-08-18 | 2021-08-13 |
| TURNER, Stephen Richard | Director | 2010-06-22 | 2021-08-13 |
| COMPANY DIRECTORS LIMITED | Corporate Nominee Director | 2006-08-18 | 2006-08-18 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Clive Russell Turner | Individual | Significant influence | 2018-12-20 | Ceased 2018-12-20 |
| Mr Craig Neil Turner | Individual | Significant influence | 2018-12-20 | Ceased 2018-12-20 |
| Dale Turner | Individual | Significant influence | 2018-12-20 | Ceased 2018-12-20 |
| George Turner | Individual | Significant influence | 2018-12-20 | Ceased 2018-12-20 |
| Mr Marcus James Turner | Individual | Significant influence | 2018-12-20 | Ceased 2018-12-20 |
| Mr Stephen Richard Turner | Individual | Significant influence | 2018-12-20 | Ceased 2018-12-20 |
| Charles David Mcintyre | Individual | Significant influence | 2018-12-20 | Ceased 2018-12-20 |
| Arpo Global Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 109 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-01-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-12-15 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-26 | AA | accounts | Accounts with accounts type full | |
| 2025-08-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-25 | AA | accounts | Accounts with accounts type full | |
| 2024-08-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-26 | AAMD | accounts | Accounts amended with accounts type full | |
| 2024-03-18 | AA | accounts | Accounts with accounts type full | |
| 2024-02-05 | AP01 | officers | Appoint person director company with name date | |
| 2023-12-20 | AA01 | accounts | Change account reference date company previous shortened | |
| 2023-08-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-03 | TM01 | officers | Termination director company with name termination date | |
| 2023-07-27 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-07-17 | AP01 | officers | Appoint person director company with name date | |
| 2023-07-17 | AP01 | officers | Appoint person director company with name date | |
| 2023-04-04 | TM01 | officers | Termination director company with name termination date | |
| 2023-03-31 | AP01 | officers | Appoint person director company with name date | |
| 2023-01-10 | AA | accounts | Accounts with accounts type full | |
| 2022-09-27 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
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.