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Cash

—

Latest balance sheet

Net assets

£6.1m

+3.5% highest in 3 filed years

Employees

108

-2.7% lowest in 3 filed years

Profit before tax

£344k

-30.1% vs 2024

Watchouts

Facts from the Companies House register and the latest accounts — not a rating

Accounts

3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31

Metric Trend 2023-12-312024-12-312025-12-31 Δ vs prior
Turnover £37,471,161£42,618,279£35,800,210 -16%
Operating profit £759,364£1,035,218£675,786 -34.7%
Profit before tax £343,445£492,344£343,993 -30.1%
Net profit £182,883£375,141£255,406 -31.9%
Cash ——— —
Total assets less current liabilities £6,119,365£6,572,512£6,776,618 +3.1%
Net assets £5,556,620£5,931,761£6,137,167 +3.5%
Equity £5,556,620£5,931,761£6,137,167 +3.5%
Average employees 115111108 -2.7%
Wages £3,422,536£4,076,275£4,065,367 -0.3%
Directors' remuneration £445,226£619,152£519,697 -16.1%
Directors' pension contributions £26,113£25,300£24,750 -2.2%
Highest paid director £117,365£156,516£146,973 -6.1%

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 2023-12-312024-12-312025-12-31
Operating margin 2.0%2.4%1.9%
Net margin 0.5%0.9%0.7%
Return on capital employed 12.4%15.8%10.0%
Gearing (liabilities / total assets) 74.8%67.5%64.8%
Current ratio 1.06x1.10x1.14x
Interest cover 1.83x1.90x2.04x

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 2 times since incorporation

  1. AGRICAR LIMITED 1986-12-22 → present
  2. BELLSUDDEN LIMITED 1986-12-04 → 1986-12-22
  3. BELLSUDDEN LIMITED 1986-07-23 → 1986-12-04

Audit & accounting basis

Accounting basis
FRS 102
Reporting scope
Standalone (parent only)
Auditor
Henderson Loggie LLP
Audit opinion
Unqualified (clean)
Going concern
Affirmed

“The financial statements have been prepared on a going concern basis. The directors have considered relevant information, including the financial projections, forecast future cash flows and the impact of subsequent events in making their assessment.”

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

People

5 active · 4 resigned

Name Role Appointed Born Nationality
SMITH, Wendy Secretary 2008-09-01 — British
JOHNSTON, Derek Director 2008-09-01 Mar 1980 British
JOHNSTON, James Director — Nov 1949 British
MILNE, John David Director — Jun 1943 British
SMITH, Wendy Director 2008-09-01 Mar 1977 British
Show 4 resigned officers
Name Role Appointed Resigned
JOHNSTON, James Secretary — 2008-09-01
MASON, David James Director 1994-03-25 2002-04-30
MCDOUGALL, Raymond Murdo Director 1993-03-01 1996-05-28
MILNE, Michael John Director 2008-09-01 2025-08-01

Ownership

Persons with significant control

Name Kind Nature of control Notified Status
Mr James Johnston Individual Shares 25–50%, Voting 25–50% 2016-04-06 Ceased 2025-06-14
Mr John David Milne Individual Shares 25–50%, Voting 25–50% 2016-04-06 Active

Filing timeline

Last 20 of 155 total filings

Date Type Category Description
2026-09-28 AA accounts Accounts with accounts type full PDF
2026-07-09 MR01 mortgage Mortgage create with deed with charge number charge creation date PDF
2025-12-19 CS01 confirmation-statement Confirmation statement with updates PDF
2025-12-19 PSC07 persons-with-significant-control Cessation of a person with significant control PDF
2025-09-25 AA accounts Accounts with accounts type full PDF
2025-08-01 TM01 officers Termination director company with name termination date PDF
2025-08-01 CH01 officers Change person director company with change date PDF
2025-07-07 CH03 officers Change person secretary company with change date PDF
2025-01-12 CS01 confirmation-statement Confirmation statement with no updates PDF
2024-09-27 AA accounts Accounts with accounts type full PDF
2024-08-12 MR01 mortgage Mortgage create with deed with charge number charge creation date PDF
2024-08-06 MR01 mortgage Mortgage create with deed with charge number charge creation date PDF
2024-01-03 CS01 confirmation-statement Confirmation statement with no updates PDF
2023-09-27 AA accounts Accounts with accounts type full PDF
2023-04-27 AD01 address Change registered office address company with date old address new address PDF
2023-01-04 CS01 confirmation-statement Confirmation statement with no updates PDF
2022-09-30 AA accounts Accounts with accounts type full PDF
2022-01-14 CS01 confirmation-statement Confirmation statement with no updates PDF
2021-09-28 AA accounts Accounts with accounts type full PDF
2021-01-14 CS01 confirmation-statement Confirmation statement with no updates PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
4

last 12 months

Capital events
0

last 24 months

Officers appointed
0

last 12 months

Officers resigned
0

last 12 months

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

Official Companies House page