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Cash

£2.5M

+3.9% highest in 3 filed years

Net assets

£12M

-1.7% vs 2024

Employees

12

0% vs 2024

Profit before tax

£155K

-20.9% first positive since 2023

Accounts

3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-25

Metric Trend 2023-12-252024-12-252025-12-25 Δ vs prior
Turnover £1,411,000£2,163,000£1,967,000 -9.1%
Operating profit -£357,000£131,000-£81,000 -161.8%
Profit before tax -£166,000£196,000£155,000 -20.9%
Net profit £88,000£303,000£296,000 -2.3%
Cash £1,542,000£2,414,000£2,509,000 +3.9%
Total assets less current liabilities £11,950,000£12,211,000£11,999,000 -1.7%
Net assets £11,900,000£12,203,000£11,999,000 -1.7%
Equity £11,900,000£12,203,000£11,999,000 -1.7%
Average employees 121212 0%
Wages £439,000£443,000£441,000 -0.5%
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 . About these numbers

Ratios

Computed from the line items above — sparklines read oldest → newest

Ratio Trend 2023-12-252024-12-252025-12-25
Operating margin -25.3%6.1%-4.1%
Net margin 6.2%14.0%15.0%
Return on capital employed -3.0%1.1%-0.7%
Current ratio 4.48x4.80x3.39x
Interest cover -35.70x18.71x-40.50x

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

  1. FORREST ESTATE LIMITED 1992-07-17 → present
  2. MARITIME SHELF (SEVENTY SIX) LIMITED 1992-06-11 → 1992-07-17

Audit & accounting basis

Accounting basis
FRS 102
Reporting scope
Standalone (parent only)
Auditor
Cooper Parry Group Limited
Audit opinion
Unqualified (clean)
Going concern
Affirmed

“At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis in preparing the annual report and accounts.”

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

People

4 active · 8 resigned

Name Role Appointed Born Nationality
MINDELL, Belinda Rosemary Secretary 2016-03-01
EMERY, Nicholas Andrew Director 2013-04-15 Feb 1961 British
JEBSEN, Thomas Peter Olsen Director 2014-10-31 Apr 1988 Norwegian
MINDELL, Belinda Rosemary Director 2016-03-01 Apr 1967 British
Show 8 resigned officers
Name Role Appointed Resigned
DOWLER, Jeremy Secretary 1995-09-04 2016-03-01
LEGGET, Robert Simon Secretary 1992-07-02 1995-09-04
DOWLER, Jeremy Director 1995-09-04 2016-03-01
HAMILTON, Dawn Nominee Director 1992-06-11 1992-07-02
HAYES, Derek Director 1992-07-02 2001-01-18
LEGGET, Robert Simon Director 1992-07-02 1995-09-04
WALLACE, John Cameron Director 1992-07-02 2010-04-15
WALSH, Pauline Mary Director 2010-04-15 2013-03-22

Ownership

Persons with significant control

Name Kind Nature of control Notified Status
Fred. Olsen Limited Corporate entity Shares 75–100%, Voting 75–100%, Appoints directors 2016-12-22 Active

Filing timeline

Last 20 of 114 total filings

Date Type Category Description
2026-06-01 AA accounts Accounts with accounts type full
2026-06-01 CS01 confirmation-statement Confirmation statement with updates PDF
2025-06-03 CS01 confirmation-statement Confirmation statement with updates PDF
2025-05-20 AA accounts Accounts with accounts type full
2024-06-11 AA accounts Accounts with accounts type full
2024-06-03 CS01 confirmation-statement Confirmation statement with updates PDF
2023-06-15 AA accounts Accounts with accounts type full
2023-06-07 CS01 confirmation-statement Confirmation statement with updates PDF
2022-06-15 CS01 confirmation-statement Confirmation statement with updates PDF
2022-06-07 AA accounts Accounts with accounts type full
2021-06-25 AA accounts Accounts with accounts type full
2021-06-15 CS01 confirmation-statement Confirmation statement with updates PDF
2021-03-16 SH01 capital Capital allotment shares PDF
2020-12-16 AA accounts Accounts with accounts type full
2020-06-19 CS01 confirmation-statement Confirmation statement with updates PDF
2019-12-02 SH01 capital Capital allotment shares PDF
2019-07-04 AA accounts Accounts with accounts type full
2019-06-18 CS01 confirmation-statement Confirmation statement with no updates PDF
2019-04-15 CH01 officers Change person director company with change date PDF
2019-04-15 CH01 officers Change person director company with change date PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
2

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