FEX FARMING LIMITED
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Next accounts due
2027-03-31 (in 10mo)
Last filed for 2025-06-30
Confirmation statement due
2026-08-18 (in 3mo)
Last made up 2025-08-04
Watchouts
None on the register
Cash
£4M
highest in 4 filed years
Net assets
£6M
Equity attributable
Employees
175
lowest in 4 filed years
Profit before tax
-£555K
Period ending 2025-06-30
Net assets
7-year trend · vs Consumer Staples median
Accounts
7-year trend · latest reflected 2025-06-30
| Metric | Trend | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2025-06-30 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | £17,896,918 | £21,826,085 | |
| Operating profit | — | — | — | — | — | £319,322 | £272,281 | |
| Profit before tax | — | — | — | — | — | £215,378 | -£555,429 | |
| Net profit | — | — | — | — | — | £222,255 | -£856,250 | |
| Cash | — | — | £9,278 | — | £5,505 | £1,883,944 | £3,527,366 | |
| Total assets less current liabilities | — | — | £104,331 | — | £100,558 | £9,098,697 | £6,455,485 | |
| Net assets | — | — | — | — | — | £7,128,535 | £6,222,699 | |
| Equity | £98,881 | £104,331 | £104,331 | £104,331 | £100,558 | £7,128,535 | £6,222,699 | |
| Average employees | — | — | 218 | — | 184 | 211 | 175 | |
| Wages | — | — | — | — | — | £6,703,606 | £7,496,215 | |
| Directors' remuneration | — | — | — | — | — | £315,048 | £482,048 |
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
FY2023 → FY2025 · period ending 2025-06-30 vs 2023-12-31
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2025-06-30 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | 1.8% | 1.2% | |
| Net margin | — | — | — | — | — | 1.2% | -3.9% | |
| Return on capital employed | — | — | — | — | — | 3.5% | 4.2% | |
| Gearing (liabilities / total assets) | — | — | — | — | — | 47.2% | 16.2% | |
| Current ratio | — | — | — | — | — | 2.00x | 5.00x | |
| Interest cover | — | — | — | — | — | 3.06x | 1.38x |
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
- McCabe Ford Williams
- 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 group's and the parent 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.”
Group structure
- FEX FARMING LIMITED · parent
- Global Salads Limited 33.33%
- Intercrop Holdings Limited 100%
- Intercrop Group Limited 100%
- Intercrop Limited 100%
- Intercrop Iberica SL 100%
- Intercrop Iberica Organic SL 100%
- Intercrop Plants Limited 100%
Significant events
- “The accounting period has been extended to cover the period 1 January 2024 to 30 June 2025. The reason for the change is due to the decision made by the directors following their decision in the summer of 2024 to cease UK production and packing operations to focus on growing activities in Spain and to change their financial period end to coincide with the end of the Spanish growing season.”
- “The above expectational items represent one-off adjustments following the wind down of the UK salad production and packing operations.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| WALL, Jacqueline | Secretary | 2016-08-05 | — | — |
| FLETCHER, Mark | Director | 2016-08-05 | Mar 1969 | British |
| GOODRICH, Thane | Director | 2016-08-05 | Sep 1962 | British |
| WALL, Jacqueline | Director | 2016-08-05 | Sep 1962 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Thane Goodrich | Individual | Shares 25–50%, Voting 25–50% | 2016-08-05 | Active |
| Mr Mark Fletcher | Individual | Shares 25–50%, Voting 25–50% | 2016-08-05 | Active |
| Mrs Jacqueline Wall | Individual | Shares 25–50%, Voting 25–50% | 2016-08-05 | Active |
Filing timeline
Last 20 of 23 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-13 | AA | accounts | Accounts with accounts type group | |
| 2025-08-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-23 | AA01 | accounts | Change account reference date company current extended | |
| 2024-12-18 | AA | accounts | Accounts with accounts type group | |
| 2024-08-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-29 | AA | accounts | Accounts with accounts type group | |
| 2023-08-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-11-16 | AA | accounts | Accounts with accounts type group | |
| 2022-08-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-11-12 | AA | accounts | Accounts with accounts type group | |
| 2021-08-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-12-01 | AA | accounts | Accounts with accounts type group | |
| 2020-08-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-10-05 | AA | accounts | Accounts with accounts type group | |
| 2019-08-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2018-09-24 | AA | accounts | Accounts with accounts type group | |
| 2018-08-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2017-12-14 | AA | accounts | Accounts with accounts type dormant | |
| 2017-12-14 | AA01 | accounts | Change account reference date company previous shortened | |
| 2017-11-09 | AA01 | accounts | Change account reference date company current extended |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- 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.