BALMERS GM LIMITED
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Next accounts due
2026-07-31 (in 2mo)
Last filed for 2024-10-31
Confirmation statement due
2027-02-06 (in 9mo)
Last made up 2026-01-23
Watchouts
None on the register
Cash
£7K
+141.3% highest in 5 filed years
Net assets
£2M
+28.8% highest in 5 filed years
Employees
61
+17.3% highest in 5 filed years
Profit before tax
£631K
+6.1% highest in 4 filed years
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · latest reflected 2024-10-31
| Metric | Trend | 2019-10-31 | 2020-10-31 | 2021-10-31 | 2022-10-31 | 2023-10-31 | 2024-10-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | £11,179,973 | £12,278,193 | £13,002,340 | £14,452,569 | |
| Operating profit | — | — | £291,199 | £569,921 | £626,931 | £673,594 | |
| Profit before tax | — | — | £266,492 | £549,293 | £594,495 | £630,544 | |
| Net profit | — | — | £103,425 | £445,483 | £450,728 | £465,994 | |
| Cash | £938 | — | £776 | £1,523 | £2,713 | £6,546 | |
| Total assets less current liabilities | £2,376,011 | — | £2,395,350 | £2,108,155 | £2,546,271 | £3,210,724 | |
| Net assets | £880,060 | — | £977,112 | £1,077,595 | £1,463,323 | £1,884,317 | |
| Equity | £880,060 | — | £977,112 | £1,077,595 | £1,463,323 | £1,884,317 | |
| Average employees | 50 | — | 58 | 53 | 52 | 61 | |
| Wages | — | — | — | £1,855,651 | £1,890,474 | £2,140,561 | |
| Directors' remuneration | — | — | £125,282 | £82,671 | £113,843 | £152,033 |
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 2024-10-31 vs 2023-10-31
-
Turnover
+11.2%
£13,002,340 £14,452,569
highest in 4 filed years
-
Cash
+141.3%
£2,713 £6,546
highest in 5 filed years
-
Net assets
+28.8%
£1,463,323 £1,884,317
highest in 5 filed years
-
Employees
+17.3%
52 61
highest in 5 filed years
-
Operating profit
+7.4%
£626,931 £673,594
highest in 4 filed years
-
Profit before tax
+6.1%
£594,495 £630,544
highest in 4 filed years
-
Wages
+13.2%
£1,890,474 £2,140,561
highest in 3 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 | 2019-10-31 | 2020-10-31 | 2021-10-31 | 2022-10-31 | 2023-10-31 | 2024-10-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | 2.6% | 4.6% | 4.8% | 4.7% | |
| Net margin | — | — | 0.9% | 3.6% | 3.5% | 3.2% | |
| Return on capital employed | — | — | 12.2% | 27.0% | 24.6% | 21.0% | |
| Current ratio | — | — | — | — | 1.17x | 1.10x | |
| Interest cover | — | — | 11.79x | 27.63x | 19.33x | 15.65x |
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
- PM+M Solutions for Business LLP
- 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.”
Significant events
- “Total sales for the financial year reached £14.45m, reflecting a 11.1% increase from the previous year (£13m).”
- “The introduction of Timberwolf woodchippers in early 2023 has significantly expanded our reach in the forestry sector.”
- “Our e-commerce division recorded the highest percentage growth, with turnover doubling year-over-year.”
- “2024 saw a marked rise in commercial interest in our robotic mowing offerings.”
- “Following a strategic pivot in late 2022, the aftermarket segment has become a central growth initiative.”
- “Rather than passing these costs onto customers, the business opted to absorb them; a decision made in line with our long-term commitment to service and customer trust.”
- “To mitigate these challenges, the company has strategically focused on strengthening its Aftermarket operations, aiming to improve operational efficiency and preserve profitability despite tighter margins on machinery sales.”
- “Additionally, extended lead times across the industry have prompted customers to explore alternative brands. In response, the business has proactively expanded its product portfolio, securing partnerships with complementary manufacturers offering more reliable availability.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BALMER, Ann | Director | 2012-06-11 | Aug 1957 | British |
| BALMER, Joanne | Director | 2023-10-18 | Dec 1979 | British |
| BALMER, Mark | Director | 2023-10-18 | Sep 1991 | British |
| BALMER, Thomas | Director | 2023-05-01 | Nov 1993 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BALMER, David | Director | 2012-06-11 | 2024-04-29 |
| BARKER, Darren James | Director | 2014-06-17 | 2023-11-15 |
| PHILLIPS, Simon Andrew | Director | 2014-06-17 | 2021-04-06 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Balmers Garden Machinery Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 46 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-19 | AA | accounts | Accounts with accounts type full | |
| 2025-03-18 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-02-27 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-02-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-31 | AA | accounts | Accounts with accounts type full | |
| 2024-06-24 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-29 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-11-15 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-18 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-18 | AP01 | officers | Appoint person director company with name date | |
| 2023-07-17 | AA | accounts | Accounts with accounts type full | |
| 2023-05-03 | AP01 | officers | Appoint person director company with name date | |
| 2023-01-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-11 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-03-28 | AA | accounts | Accounts with accounts type total exemption full | |
| 2022-02-01 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-04-06 | TM01 | officers | Termination director company with name termination date | |
| 2021-03-26 | AA | accounts | Accounts with accounts type total exemption full | |
| 2021-03-15 | CS01 | confirmation-statement | Confirmation statement with updates |
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.