JAMES HARGREAVES HOLDINGS LIMITED

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

  -0.9%

  £132,377,519 → £131,183,616

• Cash

  -4.8%

  £6,928,017 → £6,592,441

• Net assets

  +6%

  £39,362,715 → £41,731,603

  highest in 6 filed years

• Employees

  +0.8%

  373 → 376

  highest in 6 filed years

• Operating profit

  -16.8%

  £11,882,937 → £9,881,952

• Profit before tax

  -17.5%

  £12,082,987 → £9,964,715

• Wages

  +4.7%

  £14,642,470 → £15,335,573

  highest in 6 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

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.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Azets Audit Services

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At the time of approving the financial statements, the directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”

Group structure

1. JAMES HARGREAVES HOLDINGS LIMITED · parent
   1. James Hargreaves (Plumbers' Merchants) Limited 100% · United Kingdom
   2. James Hargreaves PM Limited 100% · United Kingdom

Significant events

• “Total turnover experienced a slight decline to £131.18 million, primarily driven by softer demand in the new-build sector.”
• “Group recorded a notable increase in Renewables Sales, reflecting the success of our strategic focus on low-carbon product categories.”
• “Operating profit declined by 16.8%, driven in part by modest gross margin compression rsulting from intensified competition and a shift in the sales mix towards lower-margin renewable products. This was further compounded by a 5.6% increase in overheads, attributable to rising employment costs, general inflationary pressures, higher bad debt provisions, and the operational expenses associated with opening three new branches.”
• “three new branches were opened in 2024-located in Wrexham, Northallerton, and Swinton.”
• “the freehold premises of one of our existing branches was successfully acquired in 2024, securing long-term operational stability and enabling further site improvements.”
• “the Group completed the acquisition of additional warehouse space, significantly increasing our capacity to hold higher stock levels.”
• “opened a second Daikin Sustainable Home Centre in 2024 at our Swinton branch in Manchester.”
• “Work commenced in late 2024 on the installation of a major solar energy system at our head office in Burnley, with completion expected in early 2025.”

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

Filings

6

last 12 months

Capital events

2

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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