FRB DEVELOPMENTS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-10-28 (in 5mo)
Last made up 2025-10-14
Watchouts
None on the register
Cash
£14M
+53.1% highest in 4 filed years
Net assets
£89M
+9.5% highest in 4 filed years
Employees
660
-1.3% vs 2023
Profit before tax
£9M
+33.6% vs 2023
Net assets
5-year trend · vs Real Estate median
Accounts
5-year trend · latest reflected 2024-12-31
| Metric | Trend | 2019-01-01 | 2019-12-31 | 2020-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Turnover | — | — | — | £174,650,000 | £174,297,000 | |
| Operating profit | — | — | — | £7,020,000 | £8,845,000 | |
| Profit before tax | — | — | — | £6,398,000 | £8,549,000 | |
| Net profit | — | £13,000 | £37,000 | £4,267,000 | £6,878,000 | |
| Cash | — | £27,000 | £41,000 | £9,204,000 | £14,095,000 | |
| Total assets less current liabilities | — | -£2,000 | £36,858,000 | £88,101,000 | £92,971,000 | |
| Net assets | — | -£2,000 | £36,858,000 | £81,085,000 | £88,784,000 | |
| Equity | -£15,000 | -£2,000 | £36,858,000 | £81,085,000 | £88,784,000 | |
| Average employees | — | 0 | 0 | 669 | 660 | |
| Wages | — | — | — | £28,342,000 | £28,360,000 | |
| Directors' remuneration | — | — | — | £27,000 | £89,000 |
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
-0.2%
£174,650,000 £174,297,000
-
Cash
+53.1%
£9,204,000 £14,095,000
highest in 4 filed years
-
Net assets
+9.5%
£81,085,000 £88,784,000
highest in 4 filed years
-
Employees
-1.3%
669 660
-
Operating profit
+26%
£7,020,000 £8,845,000
-
Profit before tax
+33.6%
£6,398,000 £8,549,000
-
Wages
+0.1%
£28,342,000 £28,360,000
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 | 2019-01-01 | 2019-12-31 | 2020-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | — | — | — | 4.0% | 5.1% | |
| Net margin | — | — | — | 2.4% | 3.9% | |
| Return on capital employed | — | — | — | 8.0% | 9.5% | |
| Current ratio | — | — | — | 2.31x | 3.62x | |
| Interest cover | — | — | — | 10.28x | 23.91x |
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
“The Directors consider that they have a reasonable expectation that the Group will be able to continue in operational existence for the foreseeable future and therefore continue to adopt the going concern basis of accounting in preparing the annual financial statements, based on review of order book, run rate, fulfilment, and achieved results.”
Group structure
- FRB DEVELOPMENTS LIMITED · parent
- Niftylift Limited 51%
- Niftylift Inc. 51%
- Niftylift BV 51%
- Niftylift Middle East Trading L.L.C 51%
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 54 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 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 | |
| 2022-04-08 | AA | accounts | Accounts with accounts type group |
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.