STERLING FURNITURE GROUP LIMITED
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Cash
£612k
-77.8% lowest in 3 filed years
Net assets
£21m
-16.3% lowest in 3 filed years
Employees
377
-14.5% lowest in 3 filed years
Profit before tax
-£4.4m
-10.6% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Confirmation statement overdue
Due 2026-09-03.
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-08-31
| Metric | Trend | 2023-08-31 | 2024-08-31 | 2025-08-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £83,683,595 | £50,551,091 | £46,579,807 | -7.9% | |
| Operating profit | £251,821 | -£3,820,919 | -£4,288,243 | -12.2% | |
| Profit before tax | £43,870 | -£3,963,283 | -£4,382,320 | -10.6% | |
| Net profit | £301,943 | -£3,835,395 | -£4,136,103 | -7.8% | |
| Cash | £2,028,807 | £2,755,766 | £612,484 | -77.8% | |
| Total assets less current liabilities | £31,863,165 | £28,904,659 | £24,340,158 | -15.8% | |
| Net assets | £29,157,287 | £25,321,892 | £21,185,789 | -16.3% | |
| Equity | £29,157,287 | £25,321,892 | £21,185,789 | -16.3% | |
| Average employees | 550 | 441 | 377 | -14.5% | |
| Wages | £19,590,153 | £13,184,289 | £12,252,501 | -7.1% | |
| Directors' remuneration | £1,005,733 | £1,026,531 | £551,647 | -46.3% | |
| Directors' pension contributions | — | £40,964 | £32,953 | -19.6% | |
| Highest paid director | £293,224 | £567,731 | £165,926 | -70.8% |
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 | 2023-08-31 | 2024-08-31 | 2025-08-31 |
|---|---|---|---|---|
| Operating margin | 0.3% | -7.6% | -9.2% | |
| Net margin | 0.4% | -7.6% | -8.9% | |
| Return on capital employed | 0.8% | -13.2% | -17.6% | |
| Gearing (liabilities / total assets) | 29.7% | 34.5% | 38.2% | |
| Current ratio | 1.36x | 1.30x | 0.94x | |
| Interest cover | 1.21x | -26.84x | -33.88x |
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
- STERLING FURNITURE GROUP LIMITED 1995-10-26 → present
- STERLING WAREHOUSES LIMITED 1973-09-25 → 1995-10-26
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- AAB Audit & Accountancy Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors ordinarily review and update the Group's cash flow and trading forecasts to ensure that the Group has sufficient resources to enable it to meet its liabilities as they fall due for a period of at least twelve months from the date of signing the financial statements... The Group will therefore have adequate resources to continue as a going concern for the foreseeable future and as such, the accounts are prepared on a going concern basis.”
Group structure
- STERLING FURNITURE GROUP LIMITED · parent
- Butterfly Inns Limited 100%
- Devonvale Building Company (Tillicoultry) Limited 100%
- Forrest Furnishing Limited 100%
- Anderson and England Limited 100%
- James L. Archibald and Sons Limited 100%
- Archibalds Property Limited 100%
- Buicks (Montrose) Limited 100%
- Dalglen (No. 902) Limited 100%
- Forrest Holdings Limited 100%
- Garvock Designs Limited 100%
- Garvock Estates Limited 100%
- Queensway Furniture Centres Limited 100%
- Seats and Sofas Limited 100%
- Sofa Trend Ltd. 100%
- Sterling Garden Centre Limited 100%
- Sterling Warehouses Ltd. 100%
- Sterling Attractions Ltd. 100%
- Thomsons World of Furniture Limited 100%
- The Tillicoultry Trading Company Limited 100%
- Vogue House Furnishers Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 11 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MCCORMICK, Gillian | Secretary | 2025-07-14 | — | — |
| DUNN, Bernard George | Director | 2024-10-04 | May 1958 | British |
| GRAHAM, Andrew Murray | Director | 2023-09-25 | Feb 1991 | British |
| GRAHAM, Euan James | Director | 2023-09-25 | Jun 1993 | British |
| KNOWLES, George Smith | Director | 2023-09-25 | Oct 1989 | British |
| ROBERTSON, Stewart Martin | Director | 2024-12-03 | Apr 1966 | British |
Show 11 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GRAHAM, Andrew Murray | Secretary | 2023-09-25 | 2025-07-14 |
| MEARNS, Gordon Lawrence | Secretary | — | 2023-09-22 |
| BARCLAY, Kenneth Edward | Director | 2024-02-23 | 2024-11-18 |
| GRAHAM, Lesley Anne | Director | 1997-09-01 | 2023-12-23 |
| HOWARTH, Suzanne | Director | 1997-09-01 | 2023-09-22 |
| KNOWLES, George Smith | Director | — | 2023-09-22 |
| KNOWLES, Isabella Mclauchlan | Director | — | 2023-09-22 |
| KNOWLES JNR, George Smith | Director | — | 2003-06-15 |
| MEARNS, Gordon Lawrence | Director | 1991-05-10 | 2023-09-22 |
| MOYLAN, Thomas Michael | Director | 1991-05-10 | 2007-10-10 |
| PATTISON, John Mcdaid | Director | 2023-09-08 | 2024-11-04 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr. Robin Jonathan Garrett | Individual | Shares 25–50% (as trust), Voting 25–50% (as trust) | 2023-10-21 | Active |
| Lindsays Trustees & Executors Limited | Corporate entity | Shares 25–50% (as trust), Voting 25–50% (as trust) | 2022-06-28 | Active |
| Mrs Lesley Anne Graham | Individual | Shares 25–50% (as trust), Voting 25–50% (as trust) | 2021-03-08 | Ceased 2023-12-23 |
| Suzanne Jean Howarth | Individual | Shares 25–50% (as trust), Voting 25–50% (as trust) | 2021-03-08 | Ceased 2022-06-28 |
| Mr George Smith Knowles | Individual | Shares 25–50%, Voting 25–50%, Significant influence | 2016-04-06 | Ceased 2021-03-08 |
| Mr George Smith Knowles | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Active |
Filing timeline
Last 20 of 214 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-27 | AA | accounts | Accounts with accounts type group | |
| 2026-06-09 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-06-05 | RP01PSC01 | miscellaneous | Legacy | |
| 2025-08-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-08 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-08-08 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-06-04 | AA | accounts | Accounts with accounts type group | |
| 2025-02-26 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-02-25 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-02-24 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-02-13 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-02-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-02-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-02-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-02-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-02-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-02-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-02-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-02-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-02-07 | MR04 | mortgage | Mortgage satisfy charge full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.