SOMERSET CRAFT LIMITED
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Cash
£7.5m
-51.2% vs 2024
Net assets
£17m
+7.5% highest in 6 filed years
Employees
54
+145.5% highest in 6 filed years
Profit before tax
£1.5m
-70.1% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Audit opinion: Qualified
Latest auditor's report carried a non-clean opinion.
Net assets
6-year trend · vs Consumer Discretionary median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-10-31
| Metric | Trend | 2020-09-30 | 2021-09-30 | 2022-10-31 | 2023-10-31 | 2024-10-31 | 2025-10-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £22,649,000 | £46,759,000 | +106.5% | |
| Operating profit | — | — | — | — | £4,910,000 | £1,235,000 | -74.8% | |
| Profit before tax | — | — | — | — | £4,909,000 | £1,466,000 | -70.1% | |
| Net profit | — | — | — | — | £3,617,000 | £999,000 | -72.4% | |
| Cash | £276,074 | £673,722 | £540,645 | £465,937 | £15,413,000 | £7,527,000 | -51.2% | |
| Total assets less current liabilities | £176,509 | £625,606 | £941,085 | £2,014,413 | £15,578,000 | £16,773,000 | +7.7% | |
| Net assets | £126,509 | £625,606 | £941,085 | £2,014,413 | £15,578,000 | £16,753,000 | +7.5% | |
| Equity | £126,509 | £625,606 | £941,085 | £2,014,413 | £15,578,000 | £16,753,000 | +7.5% | |
| Average employees | 2 | 4 | 6 | 14 | 22 | 54 | +145.5% | |
| Wages | — | — | — | — | £867,000 | £2,802,000 | +223.2% | |
| Directors' remuneration | — | — | — | — | — | — | — | |
| Highest paid director | £NaN | £NaN | £NaN | £NaN | £12,454 | £90,000 | +622.7% |
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 | 2020-09-30 | 2021-09-30 | 2022-10-31 | 2023-10-31 | 2024-10-31 | 2025-10-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 21.7% | 2.6% | |
| Net margin | — | — | — | — | 16.0% | 2.1% | |
| Return on capital employed | — | — | — | — | 31.5% | 7.4% | |
| Gearing (liabilities / total assets) | 59.3% | 39.1% | 31.4% | 42.0% | 36.4% | 27.0% | |
| Current ratio | — | — | — | — | 2.73x | 3.69x | |
| Interest cover | — | — | — | — | — | 30.88x |
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.
Name history
Renamed 1 time since incorporation
- SOMERSET CRAFT LIMITED 2023-03-23 → present
- FFERN LTD 2018-09-12 → 2023-03-23
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- S&W Audit
- Audit opinion
- Qualified
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis In making their going concern assessment, the directors have given consideration to current performance, market conditions, and future profit and loss forecasts The directors have reasonable assurance that the Company and Group can continue to operate as a going concern for a period of at least twelve months from the date of approval of these financial statements”
Group structure
- SOMERSET CRAFT LIMITED · parent
- Somerset Craft Inc 100%
Significant events
- “There have been no significant events affecting the Group since the year end”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MEARS, Owen George | Director | 2018-09-12 | Mar 1995 | British |
| RICHARDSON, Helena Valentina Prokhorenko | Director | 2024-10-29 | Jun 1991 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Owen George Mears | Individual | Shares 50–75%, Voting 75–100%, Appoints directors | 2018-09-12 | Active |
Filing timeline
Last 20 of 42 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-11-27 RESOLUTIONS Resolution
- 2024-11-27 MA Memorandum articles
- 2024-07-23 RESOLUTIONS Resolution
- 2024-06-05 RESOLUTIONS Resolution
- 2024-05-30 RESOLUTIONS Resolution
- 2024-05-28 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-02 | AA | accounts | Accounts with accounts type group | |
| 2026-06-20 | SH08 | capital | Capital name of class of shares | |
| 2026-06-20 | SH10 | capital | Capital variation of rights attached to shares | |
| 2026-03-17 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2026-03-13 | SH01 | capital | Capital allotment shares | |
| 2025-09-12 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-07-30 | AA | accounts | Accounts with accounts type unaudited abridged | |
| 2025-06-18 | ANNOTATION | miscellaneous | Legacy | |
| 2025-01-09 | SH10 | capital | Capital variation of rights attached to shares | |
| 2025-01-09 | SH08 | capital | Capital name of class of shares | |
| 2024-11-27 | RESOLUTIONS | resolution | Resolution | |
| 2024-11-27 | MA | incorporation | Memorandum articles | |
| 2024-11-19 | SH01 | capital | Capital allotment shares | |
| 2024-11-06 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-23 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-07-23 | RESOLUTIONS | resolution | Resolution | |
| 2024-07-11 | AA | accounts | Accounts with accounts type unaudited abridged | |
| 2024-06-05 | RESOLUTIONS | resolution | Resolution | |
| 2024-05-30 | RESOLUTIONS | resolution | Resolution | |
| 2024-05-28 | RESOLUTIONS | resolution | Resolution |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 6
- 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.