TROUBADOUR INVESTMENTS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-03-16 (in 10mo)
Last made up 2026-03-02
Watchouts
Cash
£2M
+14.9% highest in 4 filed years
Net assets
£6M
+6.2% highest in 3 filed years
Employees
43
+10.3% highest in 5 filed years
Profit before tax
£853K
-9.3% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
6-year trend · vs Unclassified median
Accounts
6-year trend · latest reflected 2024-12-31
| Metric | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £10,587,263 | £10,133,340 | |
| Operating profit | — | — | — | — | £952,219 | £842,035 | |
| Profit before tax | — | — | — | — | £940,177 | £853,099 | |
| Net profit | £355,089 | £200,000 | £240,317 | — | £754,194 | £619,611 | |
| Cash | — | £0 | £317 | — | £1,706,163 | £1,960,496 | |
| Total assets less current liabilities | £983,138 | — | — | — | £5,492,890 | £5,796,261 | |
| Net assets | — | — | — | — | £5,444,603 | £5,784,214 | |
| Equity | — | — | — | £4,626,276 | £5,444,603 | £5,784,214 | |
| Average employees | 2 | 2 | 2 | — | 39 | 43 | |
| Wages | £0 | £0 | £0 | — | £1,494,224 | £1,477,390 | |
| Directors' remuneration | — | — | — | — | £449,678 | £490,736 |
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 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-4.3%
£10,587,263 £10,133,340
-
Cash
+14.9%
£1,706,163 £1,960,496
highest in 4 filed years
-
Net assets
+6.2%
£5,444,603 £5,784,214
-
Employees
+10.3%
39 43
highest in 5 filed years
-
Operating profit
-11.6%
£952,219 £842,035
-
Profit before tax
-9.3%
£940,177 £853,099
-
Wages
-1.1%
£1,494,224 £1,477,390
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 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 9.0% | 8.3% | |
| Net margin | — | — | — | — | 7.1% | 6.1% | |
| Return on capital employed | — | — | — | — | 17.3% | 14.5% | |
| Current ratio | — | — | — | — | 5.50x | 5.91x | |
| Interest cover | — | — | — | — | 65.00x | 185.92x |
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
- Gravita II LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the director's 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 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
- TROUBADOUR INVESTMENTS LIMITED · parent
- Barnes & Mullins (Manufacturing) Limited 100%
- Barnes & Mullins Limited 100%
- Terry Gould International Limited 100%
- The Hidersine Company Limited 99%
- Shergold Guitars London Limited 100%
Significant events
- “Investment in in-house manufacturing for its own brands and for OEM products is expected to contribute towards an increase in profits.”
- “A focus on export is expected to show growth.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CLEARY, Brian Michael | Director | 2016-08-11 | Feb 1963 | British |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| PERRIN, Sidney Bruce | Director | 2016-08-11 | 2021-10-25 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Sidney Bruce Perrin | Individual | Shares 25–50% | 2016-10-07 | Ceased 2024-06-30 |
| Mr Brian Michael Cleary | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-08-11 | Active |
Filing timeline
Last 20 of 71 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-17 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-02-25 | SH06 | capital | Capital cancellation shares | |
| 2026-02-25 | SH06 | capital | Capital cancellation shares | |
| 2026-02-25 | SH03 | capital | Capital return purchase own shares | |
| 2026-02-25 | SH03 | capital | Capital return purchase own shares | |
| 2026-02-19 | CH01 | officers | Change person director company with change date | |
| 2026-02-19 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-08-21 | AA | accounts | Accounts with accounts type group | |
| 2025-08-07 | SH06 | capital | Capital cancellation shares | |
| 2025-08-07 | SH03 | capital | Capital return purchase own shares | |
| 2025-04-02 | AD02 | address | Change sail address company with old address new address | |
| 2025-04-01 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-02-12 | SH06 | capital | Capital cancellation shares | |
| 2025-02-12 | SH03 | capital | Capital return purchase own shares | |
| 2024-07-24 | SH06 | capital | Capital cancellation shares | |
| 2024-07-24 | SH03 | capital | Capital return purchase own shares | |
| 2024-07-22 | SH06 | capital | Capital cancellation shares | |
| 2024-07-22 | SH03 | capital | Capital return purchase own shares | |
| 2024-07-16 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-07-16 | PSC07 | persons-with-significant-control | Cessation of a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 12
- 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.