WELCOME FURNITURE LTD.
Get an alert when WELCOME FURNITURE LTD. files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-10-16 (in 5mo)
Last made up 2025-10-02
Watchouts
None on the register
Cash
£32K
-3.3% lowest in 5 filed years
Net assets
£2M
+6.7% highest in 5 filed years
Employees
204
-5.6% vs 2024
Profit before tax
£206K
-27.7% first positive since 2023
Net assets
7-year trend · vs Consumer Discretionary median
Accounts
7-year trend · latest reflected 2025-03-31
| Metric | Trend | 2019-03-31 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | £23,616,252 | — | — | £26,659,075 | £28,028,175 | |
| Operating profit | — | — | £550,721 | — | — | £708,616 | £677,204 | |
| Profit before tax | — | — | £397,162 | £445,347 | -£23,428 | £284,672 | £205,736 | |
| Net profit | — | — | £356,003 | £393,506 | -£86,391 | £208,841 | £128,505 | |
| Cash | — | — | £1,206,722 | £646,706 | £430,258 | £33,342 | £32,231 | |
| Total assets less current liabilities | — | — | £3,222,488 | £3,241,249 | £2,618,555 | £2,715,505 | £3,019,923 | |
| Net assets | — | — | £1,400,482 | £1,793,988 | £1,707,597 | £1,916,438 | £2,044,943 | |
| Equity | £930,730 | £1,044,479 | £1,400,482 | £1,793,988 | £1,707,597 | £1,916,438 | £2,044,943 | |
| Average employees | — | — | 200 | 203 | 192 | 216 | 204 | |
| Wages | — | — | £5,661,242 | £6,344,093 | £5,760,905 | £6,746,952 | £7,307,420 | |
| 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 2025-03-31 vs 2024-03-31
-
Turnover
+5.1%
£26,659,075 £28,028,175
highest in 3 filed years
-
Cash
-3.3%
£33,342 £32,231
lowest in 5 filed years
-
Net assets
+6.7%
£1,916,438 £2,044,943
highest in 5 filed years
-
Employees
-5.6%
216 204
-
Operating profit
-4.4%
£708,616 £677,204
-
Profit before tax
-27.7%
£284,672 £205,736
first positive since 2023
-
Wages
+8.3%
£6,746,952 £7,307,420
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-03-31 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | 2.3% | — | — | 2.7% | 2.4% | |
| Net margin | — | — | 1.5% | — | — | 0.8% | 0.5% | |
| Return on capital employed | — | — | 17.1% | — | — | 26.1% | 22.4% | |
| Gearing (liabilities / total assets) | — | — | — | — | — | 87.5% | 86.3% | |
| Current ratio | — | — | — | — | — | 1.12x | 1.15x | |
| Interest cover | — | — | 3.59x | — | — | 1.67x | 1.44x |
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 3 times since incorporation
- WELCOME FURNITURE LTD. 2009-09-30 → present
- GLENEAGLE FURNITURE LTD 2009-03-09 → 2009-09-30
- WELCOMBE FURNITURE LTD 2009-02-27 → 2009-03-09
- GLENEAGLE FURNITURE LTD 2008-10-02 → 2009-02-27
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Champion Accountants LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”
Significant events
- “The Directors are pleased to report another consecutive year of growth in revenues and maintained Operating Profits against a backdrop of increased operating costs due to higher employers' national insurance and continued underlying inflationary pressures.”
- “To present a more accurate representation of the financial standing of the group, the Directors have included a revaluation in this year's accounts of its two freehold manufacturing facilities in Caernarfon, Wales.”
- “The Directors continue to build momentum and a reputation for quality, innovation and value within the Purpose-Built Student Accommodation (PBSA) and Built To Rent (BTR) sectors and have successfully delivered over 25 projects during the year.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MONTAGUE, Simon | Secretary | 2009-10-18 | — | British |
| BALAAM, Martin Anthony | Director | 2017-01-30 | Sep 1968 | British |
| LINGE, David Michael | Director | 2021-07-23 | Jan 1980 | British |
| PETERSON, John | Director | 2008-10-02 | Feb 1968 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| PETERSON, John | Secretary | 2008-10-02 | 2009-10-18 |
| MATTHEWS, Russell | Director | 2012-04-01 | 2017-01-30 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 79 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-09 | AA | accounts | Accounts with accounts type full | |
| 2025-10-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-27 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-12-10 | AA | accounts | Accounts with accounts type full | |
| 2024-10-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-18 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-12-13 | AA | accounts | Accounts with accounts type full | |
| 2023-10-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-11-29 | AA | accounts | Accounts with accounts type full | |
| 2022-11-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-12-06 | AA | accounts | Accounts with accounts type full | |
| 2021-11-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-11-02 | CH01 | officers | Change person director company with change date | |
| 2021-07-23 | AP01 | officers | Appoint person director company with name date | |
| 2021-04-13 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2020-12-10 | AA | accounts | Accounts with accounts type full | |
| 2020-10-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-12-17 | AA | accounts | Accounts with accounts type full | |
| 2019-10-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2018-12-13 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.