FRB DEVELOPMENTS LIMITED
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Cash
£8.7k
-38.3% lowest in 3 filed years
Net assets
£89k
-0.1% vs 2024
Employees
574
-13% lowest in 3 filed years
Profit before tax
£2.4k
-73.2% lowest in 3 filed years
Net assets
3-year trend · vs Real Estate median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £174,650,000 | £174,297 | £130,439 | -25.2% | |
| Operating profit | £7,020,000 | £9,327 | £2,572 | -72.4% | |
| Profit before tax | £6,398,000 | £9,031 | £2,422 | -73.2% | |
| Net profit | £4,267,000 | £7,224 | £1,670 | -76.9% | |
| Cash | £9,204,000 | £14,095 | £8,691 | -38.3% | |
| Total assets less current liabilities | £88,101,000 | £93,453 | £95,400 | +2.1% | |
| Net assets | £81,085,000 | £89,130 | £89,045 | -0.1% | |
| Equity | £81,085,000 | £89,130 | £89,045 | -0.1% | |
| Average employees | 669 | 660 | 574 | -13% | |
| Wages | £28,342,000 | £28,360 | £25,063 | -11.6% | |
| Directors' remuneration | £27,000 | £89 | £87 | -2.2% | |
| Directors' pension contributions | £0 | £0 | £7 | — | |
| Highest paid director | £27,000 | £53 | £53 | 0% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 4.0% | 5.4% | 2.0% | |
| Net margin | 2.4% | 4.1% | 1.3% | |
| Return on capital employed | 8.0% | 10.0% | 2.7% | |
| Gearing (liabilities / total assets) | 37.0% | 22.6% | 21.3% | |
| Current ratio | 2.31x | 3.62x | 4.19x | |
| Interest cover | 10.28x | 25.21x | 12.08x |
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
- MHA
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Having considered these factors, as well as the Group's available financial resources and forecast cash flows, the Directors have a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future.”
Group structure
- FRB DEVELOPMENTS LIMITED · parent
- Niftylift Limited 51%
- Niftylift Inc. 51%
- Niftylift BV 51%
- Niftylift Middle East Trading L.L.C 51%
Significant events
- “On 28 May 2025, the US Court of International Trade (CIT) ruled that certain tariffs imposed under the International Emergency Economic Powers Act ("IEEPA") were unlawful... As a result, the Group became entitled to recover tariffs previously paid to US Customs during the 2025 financial year totalling £1,723k and the refund was received in June 2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BOWDEN, Frank Roger | Director | 2016-08-24 | Sep 1947 | British |
| BOWDEN EYRE, Thomas | Director | 2017-08-31 | Jun 1993 | English |
| BOWDEN-EYRE, Emily | Director | 2017-08-31 | Apr 1987 | English |
| BOWDEN-EYRE, Jessica | Director | 2017-08-31 | Aug 1990 | English |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BOWDEN EYRE, Jessica | Director | 2017-08-31 | 2017-08-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Frank Roger Bowden | Individual | Voting 75–100%, Appoints directors | 2020-01-14 | Active |
| Miss Jessica Bowden Eyre | Individual | Shares 25–50% | 2017-08-31 | Ceased 2020-01-14 |
| Miss Emily Bowden Eyre | Individual | Shares 25–50% | 2017-08-31 | Ceased 2020-01-14 |
| Mr Thomas Bowden Eyre | Individual | Shares 25–50%, Voting 25–50% | 2017-08-31 | Ceased 2020-01-14 |
| Mr Frank Roger Bowden | Individual | Shares 75–100%, Voting 75–100%, Appoints directors, Significant influence | 2016-08-24 | Ceased 2017-08-31 |
Filing timeline
Last 20 of 55 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-29 | AA | accounts | Accounts with accounts type group | |
| 2025-10-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-02 | AA | accounts | Accounts with accounts type group | |
| 2024-10-17 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-10-07 | AA | accounts | Accounts with accounts type group | |
| 2024-10-03 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-10-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-02 | CH01 | officers | Change person director company | |
| 2024-10-01 | CH01 | officers | Change person director company with change date | |
| 2024-10-01 | CH01 | officers | Change person director company with change date | |
| 2024-09-24 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-24 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-17 | CH01 | officers | Change person director company with change date | |
| 2024-02-15 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-10-07 | AA | accounts | Accounts with accounts type group | |
| 2023-09-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-13 | AA | accounts | Accounts with accounts type group | |
| 2022-09-26 | CH01 | officers | Change person director company with change date | |
| 2022-09-26 | CH01 | officers | Change person director company with change date | |
| 2022-09-14 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.