TRAGO MILLS (MERTHYR) LIMITED
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Cash
£1.5m
highest in 3 filed years
Net assets
-£9.6m
lowest in 3 filed years
Employees
191
lowest in 3 filed years
Profit before tax
-£502k
Period ending 2026-02-28
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-02-28
| Metric | Trend | 2023-12-31 | 2025-02-28 | 2026-02-28 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £18,841,317 | £23,134,324 | £22,011,232 | — | |
| Operating profit | -£2,177,774 | -£2,318,376 | -£544,721 | — | |
| Profit before tax | -£2,176,442 | -£2,299,850 | -£501,654 | — | |
| Net profit | -£2,054,592 | -£2,162,194 | -£357,082 | — | |
| Cash | £447,563 | £169,634 | £1,503,582 | — | |
| Total assets less current liabilities | £18,203,663 | £16,041,469 | £15,684,387 | — | |
| Net assets | -£7,090,441 | -£9,252,635 | -£9,609,717 | — | |
| Equity | -£7,090,441 | -£9,252,635 | -£9,609,717 | — | |
| Average employees | 209 | 216 | 191 | — | |
| Wages | £3,567,277 | £4,649,111 | £3,953,180 | — | |
| Directors' remuneration | — | — | — | — |
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 —. Year-on-year comparison hidden: this filing covers about 12 months versus 14 months prior. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2025-02-28 | 2026-02-28 |
|---|---|---|---|---|
| Operating margin | -11.6% | -10.0% | -2.5% | |
| Net margin | -10.9% | -9.3% | -1.6% | |
| Return on capital employed | -12.0% | -14.5% | -3.5% | |
| Gearing (liabilities / total assets) | 128.3% | 139.3% | 140.2% | |
| Current ratio | 0.85x | 0.64x | 0.68x |
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
- Standalone (parent only)
- Auditor
- PKF Francis Clark
- 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 company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.”
Significant events
- “The stock reduction, along with continuing our strategy of disposing of non-core property assets, resulted in an improvement in year-end cash position of £4m. This has not been a one-off improvement fortunately coinciding with our year end but a consistent improvement in our underlying cash position and sufficient to reverse all mention of uncertainty around going concern which we were forced to articulate in the last set of statutory accounts.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ACKLAND, Kimberley | Director | 2020-09-14 | Mar 1972 | British |
| ROBERTSON, Charles Bruce | Director | 2017-08-03 | Mar 1953 | British |
| ROBERTSON, Elspeth | Director | 2020-08-11 | Aug 1993 | British |
| ROBERTSON, Teresa | Director | 2020-08-11 | Apr 1959 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| LLEWELLYN, John Edward | Director | 2017-08-03 | 2018-02-28 |
| LORD, Gary Peter | Director | 2017-08-03 | 2024-02-29 |
| PINHAY, Brent Alan | Director | 2017-08-03 | 2025-05-02 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Charles Robertson (Holdings) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-08-03 | Active |
Filing timeline
Last 20 of 33 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-24 | AA | accounts | Accounts with accounts type full | |
| 2026-05-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-27 | AA | accounts | Accounts with accounts type full | |
| 2025-09-10 | AA01 | accounts | Change account reference date company previous extended | |
| 2025-06-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-02 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-23 | AA | accounts | Accounts with accounts type full | |
| 2024-05-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-12 | TM01 | officers | Termination director company with name termination date | |
| 2023-09-20 | AA | accounts | Accounts with accounts type full | |
| 2023-05-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-11-15 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-09-14 | AA | accounts | Accounts with accounts type full | |
| 2022-05-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-02-23 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2021-06-22 | AA | accounts | Accounts with accounts type full | |
| 2021-05-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-01-06 | AA | accounts | Accounts with accounts type full | |
| 2020-10-29 | AP01 | officers | Appoint person director company with name date | |
| 2020-08-26 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.