KAAM HOLDINGS LIMITED
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Cash
£384k
+102.4% highest in 3 filed years
Net assets
£3.1m
+2.3% vs 2025
Employees
144
-3.4% lowest in 3 filed years
Profit before tax
£696k
-58.8% lowest in 3 filed years
Watch the reel
Our short-form breakdown of KAAM HOLDINGS LIMITED's latest filing
UK insulation distributor Belgrade Insulations (via parent KAAM Holdings) saw profits halve this year amid a tough construction market, but boardroom pay went the other way. 🧱📉
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
2 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-02-28
| Metric | Trend | 2024-02-29 | 2025-02-28 | 2026-02-28 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £72,454,258 | £75,929,647 | £72,308,577 | -4.8% | |
| Operating profit | £2,573,787 | £2,304,261 | £1,211,357 | -47.4% | |
| Profit before tax | £2,013,006 | £1,688,581 | £695,569 | -58.8% | |
| Net profit | £1,489,190 | £1,198,605 | £461,762 | -61.5% | |
| Cash | £59,334 | £189,843 | £384,166 | +102.4% | |
| Total assets less current liabilities | £5,549,109 | £3,356,036 | £3,212,467 | -4.3% | |
| Net assets | £4,451,447 | £3,054,789 | £3,126,551 | +2.3% | |
| Equity | £4,451,447 | £3,054,789 | £3,126,551 | +2.3% | |
| Average employees | 146 | 149 | 144 | -3.4% | |
| Wages | £5,657,054 | £5,900,247 | £6,105,828 | +3.5% | |
| Directors' remuneration | £57,356 | £55,866 | £304,102 | +444.3% | |
| Directors' pension contributions | £9,100 | £9,600 | £20,594 | +114.5% | |
| Highest paid director | — | £146,823 | £138,523 | -5.7% |
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 | 2024-02-29 | 2025-02-28 | 2026-02-28 |
|---|---|---|---|---|
| Operating margin | 3.6% | 3.0% | 1.7% | |
| Net margin | 2.1% | 1.6% | 0.6% | |
| Return on capital employed | 46.4% | 68.7% | 37.7% | |
| Gearing (liabilities / total assets) | 81.9% | 87.7% | 87.0% | |
| Current ratio | 1.25x | 1.12x | 1.12x | |
| Interest cover | 4.59x | 3.74x | 2.35x |
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
- KAAM HOLDINGS LIMITED 2010-10-27 → present
- IMCO (172009) LIMITED 2009-06-30 → 2010-10-27
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Forvis Mazars LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt a going concern basis of accounting in preparing the annual financial statements.”
Group structure
- KAAM HOLDINGS LIMITED · parent
- Belgrade Trading Limited 100%
- Belgrade Insulations Limited 100%
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 |
|---|---|---|---|---|
| FALLON, Gerard Alexander | Director | 2011-11-09 | Jun 1956 | British |
| KHAN, Andrew Mark | Director | 2025-11-22 | Nov 1983 | British |
| KHAN, Paul Adam | Director | 2025-11-22 | Jan 1985 | British |
| KHAN, Raja Alexander | Director | 2010-08-06 | Jun 1962 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ARNOLD, Mark James | Director | 2010-08-06 | 2017-01-31 |
| CUERDEN, Simon Paul | Director | 2009-06-30 | 2010-08-06 |
| KIRK, Philip Anthony | Director | 2011-11-09 | 2024-10-29 |
| IMCO DIRECTOR LIMITED | Corporate Director | 2009-06-30 | 2010-08-06 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Gerard Alexander Fallon | Individual | Shares 25–50%, Voting 25–50%, Appoints directors | 2025-11-22 | Active |
| Mr Raja Alexander Khan | Individual | Shares 50–75%, Voting 50–75% | 2017-01-31 | Ceased 2025-11-22 |
| Mr Philip Anthony Kirk | Individual | Shares 25–50% | 2017-01-31 | Ceased 2024-10-29 |
| Mr Gerard Alexander Fallon | Individual | Shares 25–50% | 2016-04-06 | Ceased 2020-03-20 |
| Mr Mark James Arnold | Individual | Shares 25–50% | 2016-04-06 | Ceased 2017-01-31 |
Filing timeline
Last 20 of 90 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-12-23 MA Memorandum articles
- 2025-12-23 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-03 | AA | accounts | Accounts with accounts type group | |
| 2026-07-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-12-23 | MA | incorporation | Memorandum articles | |
| 2025-12-23 | RESOLUTIONS | resolution | Resolution | |
| 2025-12-21 | SH08 | capital | Capital name of class of shares | |
| 2025-12-17 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-17 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-04 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-12-04 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-07-11 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-07-11 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-07-11 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-07-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-30 | AA | accounts | Accounts with accounts type group | |
| 2025-06-06 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2025-06-03 | SH06 | capital | Capital cancellation shares | |
| 2024-07-24 | AA | accounts | Accounts with accounts type group | |
| 2024-07-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-11 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-07-11 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 3
- Officers appointed
- 2
- 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.