DURHAM ANIMAL FEEDS LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-11-03 (in 6mo)
Last made up 2025-10-20
Watchouts
Cash
£8M
-27.5% vs 2024
Net assets
£17M
+23.4% highest in 5 filed years
Employees
119
0% vs 2024
Profit before tax
£4M
-30.2% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
2 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
5-year trend · vs Consumer Staples median
Accounts
5-year trend · latest reflected 2025-03-31
| Metric | Trend | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|
| Turnover | — | £12,851,677 | £16,353,170 | £21,271,197 | £21,847,684 | |
| Operating profit | — | £2,189,240 | £3,458,025 | £5,736,697 | £3,983,375 | |
| Profit before tax | — | £2,188,293 | £3,448,010 | £5,913,467 | £4,124,812 | |
| Net profit | — | £1,765,363 | £2,777,298 | £4,350,540 | £3,273,120 | |
| Cash | £1,199,279 | £3,824,645 | £5,000,329 | £11,213,273 | £8,127,188 | |
| Total assets less current liabilities | £1,193,072 | £2,993,582 | £5,600,103 | £14,417,990 | £19,003,368 | |
| Net assets | — | £2,900,659 | £5,477,957 | £13,965,815 | £17,238,935 | |
| Equity | £1,193,072 | £2,900,659 | £5,477,957 | £13,965,815 | £17,238,935 | |
| Average employees | — | 80 | 104 | 119 | 119 | |
| Wages | — | £1,149,083 | £2,128,402 | £3,073,754 | £3,721,175 | |
| Directors' remuneration | — | £40,800 | £40,800 | £54,000 | £59,000 |
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
+2.7%
£21,271,197 £21,847,684
highest in 4 filed years
-
Cash
-27.5%
£11,213,273 £8,127,188
-
Net assets
+23.4%
£13,965,815 £17,238,935
highest in 4 filed years
-
Employees
0%
119 119
-
Operating profit
-30.6%
£5,736,697 £3,983,375
-
Profit before tax
-30.2%
£5,913,467 £4,124,812
-
Wages
+21.1%
£3,073,754 £3,721,175
highest in 4 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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|
| Operating margin | — | 17.0% | 21.1% | 27.0% | 18.2% | |
| Net margin | — | 13.7% | 17.0% | 20.5% | 15.0% | |
| Return on capital employed | — | 73.1% | 61.7% | 39.8% | 21.0% | |
| Gearing (liabilities / total assets) | — | — | — | 37.0% | 28.7% | |
| Current ratio | — | — | — | 2.12x | 2.70x | |
| Interest cover | — | 2311.76x | 345.28x | — | — |
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
- Auditor
- S&W Partners Audit Limited
- 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
- “HMRC is challenging the VAT treatment applied to certain products supplied by the company. Assessments totalling £1.23m, of which £1.13m relate to the period to 31 March 2025, have been issued and are under review. The company disputes HMRC's position and has obtained professional advice indicating reasonable prospects of success. No provision has been recognised as the directors consider that no present obligation exists at the balance sheet date.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HORNSBY, Lee Peter | Director | 2015-10-21 | Jul 1976 | British |
| HORNSBY, Peter | Director | 2015-10-21 | Aug 1953 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Durham Animal Feeds North Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2026-04-01 | Active |
| Mr Peter Hornsby | Individual | Shares 25–50%, Voting 25–50%, Appoints directors, significant-influence-or-control-as-firm | 2016-10-20 | Ceased 2026-04-01 |
| Mr Lee Peter Hornsby | Individual | Shares 25–50%, Voting 25–50%, Appoints directors, significant-influence-or-control-as-firm | 2016-10-20 | Ceased 2026-04-01 |
Filing timeline
Last 20 of 29 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-27 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-04-27 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-04-27 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-04-27 | SH01 | capital | Capital allotment shares | |
| 2026-04-27 | SH01 | capital | Capital allotment shares | |
| 2026-02-24 | AA | accounts | Accounts with accounts type full | |
| 2025-11-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-03 | AA | accounts | Accounts with accounts type full | |
| 2024-10-25 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-08-12 | AA | accounts | Accounts with accounts type full | |
| 2023-11-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-18 | AA | accounts | Accounts with accounts type full | |
| 2023-06-13 | DISS40 | gazette | Gazette filings brought up to date | |
| 2023-06-06 | GAZ1 | gazette | Gazette notice compulsory | |
| 2022-10-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-02-18 | AA | accounts | Accounts with accounts type total exemption full | |
| 2021-10-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-03-29 | AA | accounts | Accounts with accounts type total exemption full | |
| 2020-10-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-02-25 | AA | accounts | Accounts with accounts type total exemption full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 2
- 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.