JAPAN FOOD EXPRESS LIMITED

• ◆

  Audit opinion: Qualified

  Latest auditor's report carried a non-clean opinion.

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

  -39%

  £48,505,250 → £29,598,629

• Cash

  +23.7%

  £3,143,022 → £3,889,150

  highest in 4 filed years

• Net assets

  +327.2%

  -£2,884,825 → £6,554,051

  highest in 4 filed years

• Employees

  +8.4%

  143 → 155

  highest in 4 filed years

• Operating profit

  -250.2%

  -£576,309 → -£2,018,115

• Profit before tax

  +883.7%

  -£853,759 → £6,690,734

• Wages

  -8.3%

  £6,014,906 → £5,518,241

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.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Ballantyne & Company Limited

Audit opinion

Qualified

Going concern

Affirmed

“The Directors have assessed the Group's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements. During the year, the Group reduced its ownership in SFG Holdings Limited from 86% to 39%, resulting in the loss of control over that entity and its subsidiaries as disclosed in Note 26 Loss of Control over Subsidiaries. Consequently, SF G Holdings Limited and its subsidiary undertakings ceased to be consolidated within the Group as at 31 March 2025. This deconsolidation resulted in the derecognition of approximately £9.17 million of net liabilities, significantly improving the Group's consolidated net asset position. In addition, the Parent Company received a £2.5 million equity investment from Mitsubishi Shokuhin Co. Ltd during the year, further strengthening the Group's liquidity and capital base. As a result of these developments, the Group reported net assets of £6,862,108 at 31 March 2025, compared with a consolidated net liability position in the prior year. The Directors have evaluated the current financial position, the improved capital structure, and the operational performance of the remaining entities within the Group. They have also considered the support historically provided by shareholders and the absence of material uncertainties expected to affect the ongoing viability of the Group. On this basis, and having assessed the factors available to them, the Directors are satisfied that the Group has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis.”

Significant events

• “Japan Food Express welcomed an investment from Mitsubishi Shokuhin Co., Ltd as part of its MS 2030 Vision strategy. This investment strengthens the company's financial position and supports its future growth and development.”
• “At Group level, turnover decreased by 38.98% and net profit declined by 16.28% compared to 2024. This reduction in performance was primarily driven by the continued challenges faced by Scotchfrost of Glasgow Ltd, which adversely impacted the Group's overall results during the year.”
• “Accordingly, the Group divested its majority shareholding in SFG Holdings Ltd, reducing exposure to higher-risk operations and enabling management to concentrate resources on its core, more profitable activities.”
• “On 23 January 2025, Japan Food Express Limited transferred part of its shareholding in SFG Holdings Limited, reducing its ownership from 86% to 39%. As a result, S F G Holdings Group ceased to be subsidiaries of Japan Food Express Limited as at 31 March 2025.”

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

Filings

9

last 12 months

Capital events

3

last 24 months

Officers appointed

1

last 12 months

Officers resigned

2

last 12 months

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