HUXLOE LOGISTICS LTD
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Cash
£925K
-14.7% vs 2024
Net assets
£4.6M
+2.5% highest in 3 filed years
Employees
44
0% vs 2024
Profit before tax
£1.5M
-22.2% lowest in 3 filed years
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-03-31
| Metric | Trend | 2022-03-31 | 2024-03-31 | 2025-03-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | — | £50,385,363 | £47,352,075 | -6% | |
| Operating profit | — | £2,067,607 | £1,663,595 | -19.5% | |
| Profit before tax | £2,517,015 | £1,900,816 | £1,479,374 | -22.2% | |
| Net profit | — | £1,398,240 | £1,113,646 | -20.4% | |
| Cash | £914,737 | £1,084,147 | £924,942 | -14.7% | |
| Total assets less current liabilities | £5,032,483 | £5,006,966 | £4,999,096 | -0.2% | |
| Net assets | £3,966,996 | £4,441,627 | £4,554,427 | +2.5% | |
| Equity | £3,966,996 | £4,441,627 | £4,554,427 | +2.5% | |
| Average employees | 43 | 44 | 44 | 0% | |
| Wages | £2,288,326 | £2,021,503 | £1,994,709 | -1.3% | |
| Directors' remuneration | £472,686 | £436,563 | £387,813 | -11.2% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2022-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|
| Operating margin | — | 4.1% | 3.5% | |
| Net margin | — | 2.8% | 2.4% | |
| Return on capital employed | — | 41.3% | 33.3% | |
| Current ratio | — | 1.27x | 1.29x | |
| Interest cover | — | 12.39x | 8.47x |
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
- Moore
- 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.”
Group structure
- HUXLOE LOGISTICS LTD · parent
- Magma Trading Limited 100%
Significant events
- “The reduction in profit has been caused by bad debts arising in the year with a major customer failing.”
- “Turnover has reduced but that is accounted for by the cessation in June 2023 of a significant fulfilment account which we had been active with some years.”
- “The ongoing impact of Brexit remains an external risk to us, and we have seen a decline in consumer activity in overseas markets since early 2021 due to the additional administration and costs involved.”
- “The board is concious that we have suffered reduced pre-tax profit levels - the main issue being a failure to increase turnover with new business not coming through as anticipated.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| URQUHART, Adrian Clive | Secretary | 2019-04-06 | — | — |
| CORTES MERINO, Alfonso Luis | Director | 2009-03-16 | May 1974 | Spanish |
| RABY-SMITH, Philip Edward | Director | 2009-03-16 | Apr 1962 | British |
| URQUHART, Adrian Clive | Director | 2018-04-01 | May 1962 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| SMITH, Howard Brian | Secretary | 2009-03-31 | 2017-09-04 |
| DAVIS, Andrew Simon | Director | 2009-03-16 | 2009-03-16 |
| SMITH, Howard Brian | Director | 2009-03-31 | 2017-09-04 |
| WALKER, Paul Andrew | Director | 2018-04-01 | 2025-09-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Alfonso Luis Cortes Merino | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Active |
| Mr Philip Edward Raby-Smith | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Active |
Filing timeline
Last 20 of 97 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-11-05 RESOLUTIONS Resolution
- 2023-12-23 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-25 | SH03 | capital | Capital return purchase own shares | |
| 2025-11-06 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-05 | RESOLUTIONS | resolution | Resolution | |
| 2025-11-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-11-05 | SH06 | capital | Capital cancellation shares | |
| 2025-09-17 | AA | accounts | Accounts with accounts type full | |
| 2025-07-03 | CH01 | officers | Change person director company with change date | |
| 2025-07-02 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-12-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-16 | AA | accounts | Accounts with accounts type full | |
| 2024-08-01 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-02-05 | SH03 | capital | Capital return purchase own shares | |
| 2023-12-23 | RESOLUTIONS | resolution | Resolution | |
| 2023-12-18 | SH06 | capital | Capital cancellation shares | |
| 2023-12-14 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2023-12-12 | CS01 | confirmation-statement | Confirmation statement | |
| 2023-09-14 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-09-14 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-09-13 | AA | accounts | Accounts with accounts type full | |
| 2023-07-11 | SH03 | capital | Capital return purchase own shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 2
- 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.