FOOD SERVICE LOGISTICS LIMITED
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Cash
£2.9m
-11.8% lowest in 3 filed years
Net assets
£20m
+71.9% highest in 3 filed years
Employees
392
-5.3% lowest in 3 filed years
Profit before tax
£7.9m
+46.4% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The company derives its revenue from a single customer. The contract with the customer is currently due to end in September 2028 but allows for the customer to provide one year's notice of termination at any time from September 2025. This situation nevertheless indicates that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern.
-
Going-concern uncertainty disclosed
Net assets
3-year trend · vs Industrials 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 | £50,120,112 | £54,615,432 | £59,499,710 | +8.9% | |
| Operating profit | £3,377,967 | £5,732,114 | £8,077,313 | +40.9% | |
| Profit before tax | £3,326,816 | £5,427,097 | £7,944,167 | +46.4% | |
| Net profit | £2,552,668 | £5,110,180 | £8,370,783 | +63.8% | |
| Cash | £5,982,726 | £3,335,121 | £2,942,847 | -11.8% | |
| Total assets less current liabilities | £12,064,504 | £19,689,004 | £24,201,642 | +22.9% | |
| Net assets | £6,526,319 | £11,636,499 | £20,007,282 | +71.9% | |
| Equity | £6,526,319 | £11,636,499 | £20,007,282 | +71.9% | |
| Average employees | 448 | 414 | 392 | -5.3% | |
| Wages | £17,189,100 | £18,243,369 | £17,476,023 | -4.2% | |
| Directors' remuneration | £586,470 | £433,399 | £432,638 | -0.2% | |
| Directors' pension contributions | £18,542 | £19,656 | £19,141 | -2.6% | |
| Highest paid director | £431,696 | £298,310 | £298,924 | +0.2% |
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 | 6.7% | 10.5% | 13.6% | |
| Net margin | 5.1% | 9.4% | 14.1% | |
| Return on capital employed | 28.0% | 29.1% | 33.4% | |
| Gearing (liabilities / total assets) | 69.6% | 66.7% | 49.4% | |
| Current ratio | 1.32x | 1.06x | 1.76x | |
| Interest cover | 66.04x | 13.87x | 13.70x |
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
- FOOD SERVICE LOGISTICS LIMITED 2022-07-22 → present
- LINDE UK HOLDINGS NO.3 LIMITED 2020-11-20 → 2022-07-22
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The company derives its revenue from a single customer. The contract with the customer is currently due to end in September 2028 but allows for the customer to provide one year's notice of termination at any time from September 2025. This situation nevertheless indicates that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern.”
Significant events
- “There has been a reduction in km for the core fleet due to increased use of third party subcontractors as a result of closure of the company's distribution hub in northern England in June 2025 and the full year effect of the exit from the western hub.”
- “2025 was the first full year of operation from the new southern distribution hub. The company now operates from a larger and more modern warehouse facility, encompassing the latest refrigeration and lighting technology, which will help to offset the impact of increased operating space.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KELLY, Susan Kathleen | Secretary | 2020-11-20 | — | — |
| BLAND, Julian Michael | Director | 2020-11-20 | Apr 1967 | British |
| COSSINS, Christopher James | Director | 2020-11-20 | Nov 1966 | British |
| HEWETT, Christopher Alexander | Director | 2022-07-18 | Apr 1968 | British |
| HOPKINS, Kevin Peter | Director | 2022-07-18 | Oct 1966 | British |
| WILLIAMS, Sally Ann | Director | 2020-11-20 | Aug 1970 | British |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| PATTERSON, Benjamin | Director | 2020-11-20 | 2024-10-09 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| The Boc Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-07-15 | Active |
| Linde Public Limited Company | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-11-20 | Ceased 2022-07-15 |
Filing timeline
Last 20 of 36 total filings
Material constitutional events — rename, articles re-file, resolution
- 2022-08-17 MA Memorandum articles
- 2022-08-17 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-01 | TM01 | officers | Termination director company with name termination date | |
| 2026-08-18 | AA | accounts | Accounts with accounts type full | |
| 2025-10-31 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-10-07 | AA | accounts | Accounts with accounts type full | |
| 2024-12-12 | AA | accounts | Accounts with accounts type full | |
| 2024-11-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-24 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-18 | CH01 | officers | Change person director company with change date | |
| 2024-01-10 | AA | accounts | Accounts with accounts type full | |
| 2023-11-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-23 | CH01 | officers | Change person director company with change date | |
| 2022-11-23 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-11-23 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-11-23 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2022-10-11 | SH01 | capital | Capital allotment shares | |
| 2022-10-03 | SH01 | capital | Capital allotment shares | |
| 2022-09-09 | AP01 | officers | Appoint person director company with name date | |
| 2022-08-22 | AP01 | officers | Appoint person director company with name date | |
| 2022-08-17 | MA | incorporation | Memorandum articles | |
| 2022-08-17 | RESOLUTIONS | resolution | Resolution |
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.