CARNALL FARRAR LTD
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-10-29 (in 5mo)
Last made up 2025-10-15
Watchouts
None on the register
Cash
£134
-100% lowest in 9 filed years
Net assets
£985K
-23.1% lowest in 5 filed years
Employees
67
-14.1% vs 2024
Profit before tax
£235K
+9.7% vs 2024
Net assets
9-year trend · vs Industrials median
Accounts
9-year trend · latest reflected 2025-03-31
| Metric | Trend | 2020-04-01 | 2021-03-31 | 2021-04-01 | 2022-03-31 | 2022-04-01 | 2023-03-31 | 2023-04-01 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | — | £14,519,104 | — | £14,118,814 | — | £16,462,697 | — | £15,076,463 | £11,277,196 | |
| Operating profit | — | £1,944,328 | — | £1,927,114 | — | £797,688 | — | £261,814 | £280,477 | |
| Profit before tax | — | £1,944,348 | — | £1,875,267 | — | £731,192 | — | £213,811 | £234,531 | |
| Net profit | — | £1,603,414 | — | £1,578,999 | — | £628,020 | — | £195,710 | £174,476 | |
| Cash | £1,794,669 | £3,118,096 | £3,118,096 | £1,675,955 | £1,675,955 | £7,574,927 | £7,574,927 | £393,774 | £134 | |
| Total assets less current liabilities | — | £3,037,493 | — | £2,163,764 | — | £2,023,333 | — | £1,673,008 | £1,214,318 | |
| Net assets | — | £3,028,860 | — | £1,608,175 | — | £1,490,613 | — | £1,280,887 | £985,363 | |
| Equity | £2,425,446 | £3,028,860 | £3,028,860 | £1,608,175 | £1,608,175 | £1,490,613 | £1,490,613 | £1,280,887 | £985,363 | |
| Average employees | — | 46 | — | 57 | — | 76 | — | 78 | 67 | |
| Wages | — | £4,668,716 | — | £5,372,934 | — | £6,660,074 | — | £5,638,073 | £5,862,419 | |
| Directors' remuneration | — | £773,190 | — | £836,882 | — | £906,865 | — | £1,296,424 | £1,089,115 |
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
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
-25.2%
£15,076,463 £11,277,196
lowest in 5 filed years
-
Cash
-100%
£393,774 £134
lowest in 9 filed years
-
Net assets
-23.1%
£1,280,887 £985,363
lowest in 5 filed years
-
Employees
-14.1%
78 67
-
Operating profit
+7.1%
£261,814 £280,477
-
Profit before tax
+9.7%
£213,811 £234,531
-
Wages
+4%
£5,638,073 £5,862,419
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 | 2020-04-01 | 2021-03-31 | 2021-04-01 | 2022-03-31 | 2022-04-01 | 2023-03-31 | 2023-04-01 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | 13.4% | — | 13.6% | — | 4.8% | — | 1.7% | 2.5% | |
| Net margin | — | 11.0% | — | 11.2% | — | 3.8% | — | 1.3% | 1.5% | |
| Return on capital employed | — | 64.0% | — | 89.1% | — | 39.4% | — | 15.6% | 23.1% | |
| Current ratio | — | — | — | — | — | — | — | 1.30x | 1.31x | |
| Interest cover | — | — | — | 37.15x | — | 10.64x | — | 3.71x | 5.47x |
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.”
Significant events
- “Launched the Federated Data Platform (FDP) consortium, supporting trusts to standardise data and adopt the latest innovations to improve patient care across NHS”
- “Partnering with national and regional healthcare organisations to drive strategic transformation and deliver financial improvement, inform the NHS 10-Year Plan, and help regions restructure their operating models for effective delivery”
- “Delivering transformative projects for leading life science and pharmaceutical companies, establishing our expertise in health equity, data, and digital transformation, and building deep capabilities in bridging scientific innovation with real-world implementation”
- “Extending our impact into the charitable sector, partnering with organisations to publish critical reports to help shape national policy”
- “Building momentum in our newly established health investing practice, with a leading private sector player partnering with us on a variety of projects, including commercial due diligence, baseline impact assessment and reconfiguration of sites”
- “Appointed Catherine Skilton, Managing Partner for Health Systems, to support growth and innovation across Financial and Performance Improvement service lines”
- “Appointed Dr Joud Abduljawad, as Partner and Chief Medical Officer for the Middle East”
- “Appointed Vernon Baxter as Associate Partner for Health Investing, deepening our expertise in the private healthcare market to complement our growth ambitions”
- “Launched our subsidiary company in the Middle East, to achieve our ambition on supporting healthcare on a global scale”
- “Invested in our corporate capabilities and infrastructure to prepare us for growth, including strengthening of our People, Commercial and Business Development functions.”
- “Headline turnover has declined since 2024 as part of a deliberate strategy to prioritise revenue generation through our own workforce rather than subcontractors. This approach has driven an improvement in gross profit margin and continues to be executed throughout 2025/26.”
- “There have been no significant events affecting the Company since the year end.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| FARRAR, Hannah | Director | 2014-10-15 | Jan 1980 | British |
| RICHARDSON, Benjamin Frederick | Director | 2015-01-06 | May 1970 | British |
| SKILTON, Catherine Jane | Director | 2026-01-19 | Feb 1978 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CARNALL, Colin Anthony, Professor | Director | 2015-05-18 | 2016-06-30 |
| CARNALL, Ruth, Dame | Director | 2014-10-15 | 2020-09-25 |
| DAVIES, Karen Rachel | Director | 2015-02-09 | 2015-08-31 |
| EVANS, Beverley Hazel | Director | 2022-12-23 | 2024-06-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Dame Ruth Carnall | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2020-09-25 |
| Mr Benjamin Frederick Richardson | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Active |
| Miss Hannah Farrar | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Active |
Filing timeline
Last 20 of 85 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-11-25 MA Memorandum articles
- 2025-11-25 RESOLUTIONS Resolution
- 2024-08-06 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-04 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-23 | AA | accounts | Accounts with accounts type full | |
| 2025-12-11 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-12-09 | SH08 | capital | Capital name of class of shares | |
| 2025-12-09 | SH10 | capital | Capital variation of rights attached to shares | |
| 2025-11-25 | MA | incorporation | Memorandum articles | |
| 2025-11-25 | RESOLUTIONS | resolution | Resolution | |
| 2024-12-24 | AA | accounts | Accounts with accounts type full | |
| 2024-11-28 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-11-27 | CH01 | officers | Change person director company with change date | |
| 2024-10-25 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-08-08 | SH03 | capital | Capital return purchase own shares | |
| 2024-08-06 | RESOLUTIONS | resolution | Resolution | |
| 2024-08-02 | SH06 | capital | Capital cancellation shares | |
| 2024-07-24 | TM01 | officers | Termination director company with name termination date | |
| 2023-12-27 | AA | accounts | Accounts with accounts type full | |
| 2023-10-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-03-31 | AA | accounts | Accounts with accounts type full | |
| 2023-03-30 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-02-24 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 4
- Officers appointed
- 1
- 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.