GROWUP FARMS LIMITED

• ◆

  5 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

  +404.1%

  £577,683 → £2,912,233

• Cash

  -92.1%

  £8,090,210 → £636,819

• Net assets

  -80.2%

  -£15,623,408 → -£28,158,331

  lowest in 6 filed years

• Employees

  +92.1%

  38 → 73

  highest in 6 filed years

• Operating profit

  -9%

  -£10,557,834 → -£11,504,074

• Profit before tax

  -20.8%

  -£14,467,271 → -£17,470,017

• Wages

  +28.9%

  £3,742,415 → £4,825,619

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. GROWUP FARMS LIMITED 2020-06-13 → present
2. GROWUP URBAN FARMS LTD. 2013-05-24 → 2020-06-13

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors considered the going concern assessment period to be up to 30 October 2026. The Company's parent is planning a fundraise in excess of £50 million. The Board was satisfied that, for the going concern assessment period, the Company is able to maintain adequate liquidity and comply with its lending covenants up to 30 October 2026 and has therefore adopted the going concern basis for preparing the financial statements.”

Group structure

1. GROWUP FARMS LIMITED · parent
   1. Buchanan Farms Ltd 100% · England

Significant events

• “The Directors are pleased to report a year of significant growth, with revenue increasing 5x to £2.9m, driven by the popularity of our unwashed ready-to-eat bagged salad products under our award-winning Unbeleafable and Fresh Leaf Co brands.”
• “During the year, we continued to add growing and processing capacity at our state-of-the-art high care facility at Pepperness in Kent.”
• “Our business remains loss-making as we proceed with our growth strategy, deploying over £12m of capital expenditure during the year, and continuing to invest in capacity, facilitating further expansion in UK retail, as well as into adjacent food service and wholesale markets.”
• “Company's parent, GrowUp Group, is planning a further fundraise in excess of £50m.”

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

Filings

18

last 12 months

Capital events

0

last 24 months

Officers appointed

3

last 12 months

Officers resigned

5

last 12 months

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