BELVOIR FARM DRINKS 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

  +15.5%

  £22,165,053 → £25,605,603

• Cash

  +36.3%

  £2,187,903 → £2,982,761

  highest in 3 filed years

• Net assets

  +1.1%

  £11,214,204 → £11,335,888

• Employees

  +2.4%

  84 → 86

  highest in 3 filed years

• Operating profit

  +41.5%

  £955,029 → £1,351,051

• Profit before tax

  +32.4%

  £1,041,598 → £1,379,128

• Wages

  +8.9%

  £3,706,160 → £4,036,371

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.

1. BELVOIR FARM DRINKS HOLDINGS LIMITED 2020-12-22 → present
2. BELVOIR FRUIT FARMS DRINKS HOLDINGS LIMITED 2016-07-27 → 2020-12-22

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

UHY Hacker Young

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. BELVOIR FARM DRINKS HOLDINGS LIMITED · parent
   1. Belvoir Farm Drinks Limited 100% · UK
   2. Belvoir Farm Drinks EU Limited 100% · ROI
   3. Belvoir Farm Drinks Australia Pty Limited 100%

Significant events

• “The board are pleased to report a strong set of financial results for 2024 with sales growing 16% to £25.6m (2023 £22.2m) and operating profit before exceptional expenses growing by 41% to £1.4m (2023 £1.0m). Profit after tax was £1.1m (2023: £0.9m).”
• “Overall, the financial results demonstrate a successful year against a backdrop of continued cost of living challenges in the UK which affected consumer discretionary spending and confidence.”
• “Despite this, trading was very positive, and branded sales grew year-on-year with cordial continuing to perform well and successful new product launches. Sales also grew in key export markets as we nurtured our strong distributer relationships.”
• “The gross margin percentage declined year on year to 25.5% (2023: 29.5%) impacted by the end of a favourable long term supplier contract which resulted in a significant increase in input costs.”
• “In light of the trading environment, the company implemented several strategic initiatives to address these challenges and support business growth, increase volumes and protect profitability.”
• “The initiatives were delivered effectively, with notable success with third party contracts which enhanced factory utilisation and reduced cost per bottle produced, and supported the strong financial results in 2024.”
• “Administrative expenses of £5.2m were lower year on year (2023: £5.6m) and in part due to release of a bad debt provision which was recovered in full following the change in an international distributor in 2023.”
• “The group finished the year in a strong position with shareholders funds of £11.3m (2023: £11.2m) and cash of £3.0m (2023 £2.2m). The group has no structured external debt and is ungeared.”
• “The Board remains confident in its plans to achieve long term growth in sales and profit and improve the gross margin having negotiated key supplier contracts for the year ahead.”
• “Macro challenges which may disrupt 2025 include the introduction of new legislation impacting UK sales relating to Extended Producer Responsibility (EPR) and Packaging Recycling Notes (PRN) adding significant cost burden, plus the unknown impact on global trade as the US introduces tariffs. The Board will continue to monitor the impact and mitigate where possible.”
• “The business has re-evaluated it's Social and Environmental Goals and agreed upon several KPIs to reduce carbon emissions in the year ahead. During 2025 we will aim to use 100% green energy, reduce our factory wastewater management by 10%, evaluate increasing our solar panel array whilst continuing to monitor and send zero waste to landfill.”
• “In 2025 we have also committed to support local and national charities through our Charitable Giving Policy whilst encouraging our employees to volunteer to support local charitics.”
• “During the last 12 months we have been working towards B Corp Certification and await our assessment in 2025.”

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

Filings

4

last 12 months

Capital events

3

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

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