PANIFICIO ITALIANO LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2027-01-18 (in 8mo)
Last made up 2026-01-04
Watchouts
None on the register
Cash
£1M
-55.9% vs 2024
Net assets
£10M
+2.9% highest in 4 filed years
Employees
109
+2.8% highest in 4 filed years
Profit before tax
£449K
-77.5% first positive since 2021
Net assets
6-year trend · vs Consumer Staples median
Accounts
6-year trend · latest reflected 2025-03-31
| Metric | Trend | 2019-04-01 | 2020-03-31 | 2021-03-31 | 2023-04-01 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | £5,609,632 | £2,695,450 | — | £14,568,005 | £12,328,569 | |
| Operating profit | — | -£626,112 | -£1,025,126 | — | £1,936,292 | £403,645 | |
| Profit before tax | — | -£644,968 | -£1,041,980 | — | £1,990,772 | £448,878 | |
| Net profit | — | -£519,528 | -£887,267 | — | £1,471,122 | £280,528 | |
| Cash | £4,952 | £138,975 | £168,773 | — | £2,690,730 | £1,186,378 | |
| Total assets less current liabilities | — | £5,419,242 | £4,736,381 | — | £10,456,694 | £10,905,572 | |
| Net assets | — | £5,419,242 | £4,531,975 | — | £9,599,568 | £9,880,096 | |
| Equity | — | £5,419,242 | £4,531,975 | £8,159,863 | £9,599,568 | £9,880,096 | |
| Average employees | — | 96 | 72 | — | 106 | 109 | |
| Wages | — | — | — | — | £3,730,012 | £3,743,669 | |
| Directors' remuneration | — | £50,000 | £41,667 | — | £189,083 | £225,333 |
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
-15.4%
£14,568,005 £12,328,569
-
Cash
-55.9%
£2,690,730 £1,186,378
-
Net assets
+2.9%
£9,599,568 £9,880,096
highest in 4 filed years
-
Employees
+2.8%
106 109
highest in 4 filed years
-
Operating profit
-79.2%
£1,936,292 £403,645
first positive since 2021
-
Profit before tax
-77.5%
£1,990,772 £448,878
first positive since 2021
-
Wages
+0.4%
£3,730,012 £3,743,669
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 | 2019-04-01 | 2020-03-31 | 2021-03-31 | 2023-04-01 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | -11.2% | -38.0% | — | 13.3% | 3.3% | |
| Net margin | — | -9.3% | -32.9% | — | 10.1% | 2.3% | |
| Return on capital employed | — | -11.6% | -21.6% | — | 18.5% | 3.7% | |
| Gearing (liabilities / total assets) | — | — | — | — | 41.9% | 38.2% | |
| Current ratio | — | — | — | — | 1.09x | 0.99x | |
| Interest cover | — | -33.08x | -60.82x | — | — | — |
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
- Consolidated group
- Auditor
- Menzies LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have assessed the Group's and the Company's ability to continue as a going concern and have a reasonable expectation that the Company has adequate resources to continue in operational existence for a period of at least twelve months from the date of approval of these financial statements.”
Group structure
- PANIFICIO ITALIANO LIMITED · parent
- Iver Logistics Limited 85%
Significant events
- “Due to the continued underperformance of Iver Logistics Ltd, the Board has taken the decision to cease its trading activities with effect from 30 September 2025.”
- “Subsequent to the year end, the Company repurchased and cancelled 50 A Ordinary shares at their nominal value of £1 per share.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| COOPER, Maria Josephine | Director | 2023-09-08 | Jun 1964 | British |
| GORMAN, Matthew | Director | 2024-11-01 | May 1987 | British |
| NEAL, Justin Charles | Director | 2025-08-01 | May 1970 | British |
| PETERS, Ryan | Director | 2026-03-09 | Aug 1974 | British |
| POWELL, David Upton | Director | 2022-10-01 | Jan 1956 | British |
| SCACCO, Piero | Director | 2016-01-05 | Feb 1938 | Italian |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ADAMS, Laurence Douglas | Director | 2016-01-05 | 2016-01-05 |
| SCACCO, Piero | Director | 2016-07-20 | 2016-07-20 |
| THOMPSON, Adam James | Director | 2021-09-01 | 2025-06-20 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Piero Scacco | Individual | Shares 75–100%, Voting 50–75%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 55 total filings
Material constitutional events — rename, articles re-file, resolution
- 2021-09-24 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-10 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-19 | AA | accounts | Accounts with accounts type group | |
| 2025-08-01 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-01 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-01 | SH06 | capital | Capital cancellation shares | |
| 2025-07-01 | SH03 | capital | Capital return purchase own shares | |
| 2025-06-28 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-14 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-30 | AA | accounts | Accounts with accounts type group | |
| 2024-01-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-09 | AA | accounts | Accounts with accounts type group | |
| 2023-11-20 | AP01 | officers | Appoint person director company with name date | |
| 2023-01-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-19 | CH01 | officers | Change person director company with change date | |
| 2022-12-12 | AA | accounts | Accounts with accounts type group | |
| 2022-02-25 | AA | accounts | Accounts with accounts type full | |
| 2022-01-12 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-09-24 | RESOLUTIONS | resolution | Resolution |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 2
- Officers appointed
- 2
- Officers resigned
- 1
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.