BAXTER FREIGHT LIMITED
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Cash
£183K
+95% vs 2024
Net assets
£981K
+83.8% highest in 3 filed years
Employees
120
-9.1% lowest in 3 filed years
Profit before tax
-£553K
+72.5% highest in 3 filed years
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £31,653,415 | £34,603,242 | £35,584,306 | +2.8% | |
| Operating profit | -£1,532,270 | -£1,982,935 | -£535,074 | +73% | |
| Profit before tax | -£1,552,891 | -£2,009,948 | -£552,742 | +72.5% | |
| Net profit | -£1,552,891 | -£2,009,948 | -£552,742 | +72.5% | |
| Cash | — | £93,630 | £182,597 | +95% | |
| Total assets less current liabilities | £569,226 | £559,278 | £1,006,536 | +80% | |
| Net assets | £543,809 | £533,861 | £981,119 | +83.8% | |
| Equity | £543,809 | £533,861 | £981,119 | +83.8% | |
| Average employees | 138 | 132 | 120 | -9.1% | |
| Wages | £5,666,999 | £5,805,268 | £5,487,239 | -5.5% | |
| Directors' remuneration | £642,737 | £577,713 | £465,561 | -19.4% |
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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | -4.8% | -5.7% | -1.5% | |
| Net margin | -4.9% | -5.8% | -1.6% | |
| Return on capital employed | -269.2% | -354.6% | -53.2% | |
| Gearing (liabilities / total assets) | — | 88.5% | 83.0% | |
| Current ratio | 1.09x | 1.13x | 1.15x | |
| Interest cover | -74.31x | -73.41x | -30.28x |
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
- Grant Thornton UK LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“We have considered the trading performance in the context of the risks already mentioned, together with our current financial position. We have updated our business forecasts which extend to December 2027 and reviewed our likely cash flows against our bank overdraft facility as well as the continued support from our principal shareholder. As a result, we have a reasonable expectation that we have adequate resources to continue operational existence for the foreseeable future. Thus, we continue to adopt the going concern basis of accounting in preparing these financial statements.”
Significant events
- “There have been no significant events affecting the company since the reporting date.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SUTCLIFFE, Lorraine Mary | Secretary | 2024-04-12 | — | — |
| BAXTER, Ian John Robert | Director | 2013-09-10 | Jun 1966 | British |
| ISLER, Peter James | Director | 2013-12-19 | Oct 1963 | British |
| JEGGO, Richard Ashley | Director | 2019-08-01 | Feb 1975 | British |
| SUTCLIFFE, Lorraine Mary | Director | 2021-04-14 | Jan 1977 | British |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GRETTON, Nicholas George | Secretary | 2019-03-01 | 2024-04-12 |
| RAFFERTY, Steven | Secretary | 2013-10-16 | 2019-02-28 |
| FROST, James Mark Philip | Director | 2019-08-01 | 2021-12-17 |
| GRETTON, Nicholas George | Director | 2019-03-01 | 2024-04-12 |
| RAFFERTY, Steven | Director | 2013-10-16 | 2019-02-28 |
| RASMUSSEN, Jari Dahm | Director | 2019-08-01 | 2025-01-09 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Ian John Robert Baxter | Individual | Shares 75–100% (as firm) | 2016-04-06 | Active |
Filing timeline
Last 20 of 69 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-10-30 MA Memorandum articles
- 2025-10-30 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-28 | SH01 | capital | Capital allotment shares | |
| 2026-05-09 | AA | accounts | Accounts with accounts type full | |
| 2026-02-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-10-30 | MA | incorporation | Memorandum articles | |
| 2025-10-30 | RESOLUTIONS | resolution | Resolution | |
| 2025-10-08 | AA | accounts | Accounts with accounts type full | |
| 2025-09-15 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-09-15 | SH01 | capital | Capital allotment shares | |
| 2025-01-26 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-29 | SH01 | capital | Capital allotment shares | |
| 2024-09-27 | AA | accounts | Accounts with accounts type full | |
| 2024-09-24 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-06-14 | SH01 | capital | Capital allotment shares | |
| 2024-04-18 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-04-18 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-18 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-12-20 | SH01 | capital | Capital allotment shares | |
| 2023-09-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-30 | AA | accounts | Accounts with accounts type full | |
| 2022-09-23 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 3
- 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.