FLAT IRON STEAK LIMITED
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Cash
£11M
+221.7% highest in 3 filed years
Net assets
£9.1M
+170.3% highest in 3 filed years
Employees
910
+26% highest in 3 filed years
Profit before tax
£7.6M
+190.2% highest in 3 filed years
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-08-24
| Metric | Trend | 2023-08-27 | 2024-08-25 | 2025-08-24 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £35,864,837 | £49,631,196 | £69,700,915 | +40.4% | |
| Operating profit | £1,895,445 | £2,995,393 | £7,964,852 | +165.9% | |
| Profit before tax | £1,447,968 | £2,610,984 | £7,575,957 | +190.2% | |
| Net profit | £960,698 | £1,931,667 | £5,761,958 | +198.3% | |
| Cash | £4,434,148 | £3,520,215 | £11,323,012 | +221.7% | |
| Total assets less current liabilities | £7,654,422 | £9,747,440 | £13,644,331 | +40% | |
| Net assets | £1,451,183 | £3,382,850 | £9,144,808 | +170.3% | |
| Equity | £1,451,183 | £3,382,850 | £9,144,808 | +170.3% | |
| Average employees | 558 | 722 | 910 | +26% | |
| Wages | £11,534,768 | £16,185,290 | £21,835,268 | +34.9% | |
| Directors' remuneration | £421,157 | £445,998 | £461,448 | +3.5% |
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 | 2023-08-27 | 2024-08-25 | 2025-08-24 |
|---|---|---|---|---|
| Operating margin | 5.3% | 6.0% | 11.4% | |
| Net margin | 2.7% | 3.9% | 8.3% | |
| Return on capital employed | 24.8% | 30.7% | 58.4% | |
| Gearing (liabilities / total assets) | 91.4% | 83.3% | 72.8% | |
| Current ratio | 0.92x | 0.84x | 0.95x | |
| Interest cover | 4.23x | 7.62x | 20.48x |
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
- HaysMac 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. 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.”
Significant events
- “Flat Iron Steak Limited received settlement of an insurance claim for lost revenue during the 2020 Covid pandemic. The legal proceedings were settled outside of court and was received net of legal fees on the 3 March 2025.”
- “On 3 September 2025, the Company's parent company FI Holdings Limited completed a transaction which resulted in a sale of its entire issued share capital to Blade UK JV Bidco Limited. As part of this transaction, the Thincats bank loan of £5.1m was repaid in full using the funds from a new £30m facility taken out with Oaknorth Bank plc, the new lenders.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BOSTON, Simon Atwell | Director | 2023-05-16 | Feb 1977 | British |
| BYNG, Thomas Francis Edmund | Director | 2021-01-28 | Aug 1970 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BARBER, John Damian | Secretary | 2017-05-15 | 2019-01-30 |
| CARROLL, Charles Alec | Director | 2012-08-13 | 2021-01-28 |
| FLEET, Julia | Director | 2017-09-26 | 2021-01-10 |
| MCNAMARA, Stuart | Director | 2019-03-20 | 2023-03-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Fi Holdings Ltd | Corporate entity | Shares 75–100% | 2017-03-02 | Active |
| Mr Charles Alec Carroll | Individual | Shares 75–100% | 2016-04-06 | Ceased 2017-03-02 |
Filing timeline
Last 20 of 83 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-05 | AA | accounts | Accounts with accounts type full | |
| 2025-10-03 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-09-19 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-09-19 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-09-19 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-09-19 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-08-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-20 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-02-03 | AA | accounts | Accounts with accounts type full | |
| 2024-10-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-11 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-10-11 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-01-20 | AA | accounts | Accounts with accounts type full | |
| 2023-09-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-25 | AA | accounts | Accounts with accounts type full | |
| 2023-05-24 | TM01 | officers | Termination director company with name termination date | |
| 2023-05-24 | AP01 | officers | Appoint person director company with name date | |
| 2022-12-02 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-12-02 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-08-25 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- 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.