FEZ INVESTMENTS 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

  +12.1%

  £13,332,530 → £14,941,154

• Cash

  -27.1%

  £112,586 → £82,115

• Net assets

  +8.2%

  £3,357,422 → £3,631,203

• Employees

  0%

  83 → 83

• Operating profit

  -35%

  £1,246,285 → £809,989

• Profit before tax

  -38.1%

  £1,176,548 → £727,923

• Wages

  +4.1%

  £2,440,273 → £2,539,796

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.

1. FEZ INVESTMENTS LIMITED 2021-05-04 → present
2. FEZ PROPERTIES LIMITED 2011-12-08 → 2021-05-04

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Lindley Adams Limited Chartered Accountants

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 group's and the parent 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

1. FEZ INVESTMENTS LIMITED · parent
   1. A.D.D. Express Ltd 70% · UK · pallet distribution and pallet storage
   2. A.D.D. Northern Hub Limited 69% · UK · pallet distribution and pallet storage

Significant events

• “Due to the economic climate numerous logistic companies are going through difficult times and some into administration. This is causing a surplus number of second hand trucks entering the market and subsequently driving down the market value.”
• “The markets continue to be extremely volatile with volume fluctuating constantly within Pallex and our own customers. The company has a loyal but diverse customer base, both in terms of revenue and concentration, reducing its exposure when there is a temporary downturn in certain markets.”
• “Inflation is always a concern and has been constantly monitored and the effect it has on a company finances along with effect on the markets as people slow down with there spending. The company always shops around for the best deals specifically in the asset finance market for purchasing trucks.”
• “In the current market the number of haulage companies going into administration is 3 per week. This will enable the rest of the market to increase there price due to shortage of supply.”

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

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.