FURROWS LIMITED
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Cash
£1.3m
+58.9% vs 2024
Net assets
£11m
-12.6% vs 2024
Employees
269
-2.9% lowest in 6 filed years
Profit before tax
£3.9m
+52.7% highest in 6 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
2 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
6-year trend · vs Consumer Discretionary median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | £79,949,939 | £88,065,991 | £97,267,487 | £111,964,960 | £110,904,249 | £121,207,080 | +9.3% | |
| Operating profit | £741,428 | £2,449,184 | £2,558,012 | £2,842,795 | £2,784,673 | £2,733,004 | -1.9% | |
| Profit before tax | £344,197 | £2,248,038 | £2,343,746 | £2,520,286 | £2,580,212 | £3,941,097 | +52.7% | |
| Net profit | £463,822 | £1,876,118 | £1,858,965 | £1,919,544 | £1,941,597 | £3,641,778 | +87.6% | |
| Cash | £508,005 | £520,104 | £2,434,028 | £1,961,848 | £799,006 | £1,269,645 | +58.9% | |
| Total assets less current liabilities | £8,774,183 | £8,835,875 | £10,275,244 | £11,871,260 | £13,493,348 | £10,835,857 | -19.7% | |
| Net assets | — | — | — | £9,925,390 | £12,098,737 | £10,579,520 | -12.6% | |
| Equity | £2,902,713 | £6,191,881 | £7,980,346 | £9,925,390 | £12,098,737 | £10,579,520 | -12.6% | |
| Average employees | 317 | 276 | 278 | 281 | 277 | 269 | -2.9% | |
| Wages | £6,928,171 | £6,775,923 | £7,475,398 | £7,990,829 | £8,116,673 | £8,458,773 | +4.2% | |
| Directors' remuneration | £164,404 | £205,688 | £641,172 | £608,685 | £305,530 | £396,650 | +29.8% |
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 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | 0.9% | 2.8% | 2.6% | 2.5% | 2.5% | 2.3% | |
| Net margin | 0.6% | 2.1% | 1.9% | 1.7% | 1.8% | 3.0% | |
| Return on capital employed | 8.5% | 27.7% | 24.9% | 23.9% | 20.6% | 25.2% | |
| Gearing (liabilities / total assets) | — | — | — | 68.4% | 66.1% | — | |
| Current ratio | — | — | — | 1.58x | 1.49x | 1.33x | |
| Interest cover | 2.14x | 16.21x | 13.98x | 9.12x | 11.11x | 10.45x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- WR Partners
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors consider that the Company is well positioned and have reasonable expectations that it has adequate resources to continue in operational existence for the foreseeable future. The Company therefore continues to adopt the going concern basis in preparing its financial statements.”
Group structure
- FURROWS LIMITED · parent
- Security Investments (Industrial) Limited 100%
Significant events
- “On 2 April 2025 the Company exited the Furrows Holdings Limited group by way of a capital reduction demerger. This was to facilitate the transfer of the controlling interest of the Company to an employee ownership trust set up for the benefit of employees in the business.”
- “On 24 March 2025, as part of the restructure, the company's defined benefit pension obligation was transferred to the parent company at that time, being Furrows Holdings Limited.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 16 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BURGESS, Neil | Secretary | 2020-10-01 | — | — |
| BURGESS, Neil Jonathan | Director | 2022-01-02 | Dec 1967 | British |
| COWARD, Nic | Director | 2016-04-30 | Feb 1966 | English |
| DOWNEY, Wayne Edward | Director | 2018-10-22 | Feb 1968 | British |
| FARTHING, David Charles | Director | 2016-02-04 | Jan 1966 | British |
| FROST, Anthony | Director | 2022-01-02 | Jun 1972 | English |
Show 16 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GILES, Faye Louise | Secretary | 2017-09-29 | 2020-09-30 |
| MOIR, Ian James | Secretary | 2000-04-13 | 2004-10-08 |
| MOIR, Ian James | Secretary | — | 1997-12-18 |
| STANTON, Keith Richard | Secretary | 2004-10-07 | 2017-09-29 |
| YAXLEY, Christopher William | Secretary | 1997-12-19 | 2000-04-13 |
| BENNETT, John Thomas | Director | — | 1999-01-31 |
| COOPER, William John | Director | 1998-12-10 | 2014-07-31 |
| COWARD, Arthur John | Director | — | 2016-04-25 |
| COWARD, Beryl Jane | Director | 2000-07-11 | 2022-01-04 |
| EDWARDS, William David | Director | 1994-01-31 | 2009-04-30 |
| FRY, Frederick Charles Gatcombe | Director | — | 1998-09-04 |
| GRIFFITHS, Roger | Director | 1999-01-31 | 1999-04-01 |
| MOIR, Ian James | Director | — | 1997-12-18 |
| OWEN, Alec Stanley | Director | — | 1999-01-31 |
| SMITH, Russell George | Director | 2016-02-04 | 2018-11-30 |
| YAXLEY, Christopher William | Director | 1997-12-19 | 2000-04-13 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Tradecow2024 Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2025-04-02 | Active |
| Propcow2024 Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2025-04-01 | Ceased 2025-04-02 |
| Furrows Holdings Limited | Corporate entity | Shares 75–100% | 2017-11-01 | Ceased 2025-04-01 |
| Mr Nic Coward | Individual | Shares 25–50% | 2016-06-30 | Ceased 2017-11-01 |
Filing timeline
Last 20 of 186 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-04-17 RESOLUTIONS Resolution
- 2025-04-17 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-24 | AA | accounts | Accounts with accounts type full | |
| 2025-09-24 | AA | accounts | Accounts with accounts type full | |
| 2025-09-23 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-04-17 | RESOLUTIONS | resolution | Resolution | |
| 2025-04-17 | MA | incorporation | Memorandum articles | |
| 2025-04-07 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-04-02 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-04-02 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-04-01 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-04-01 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-03-17 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-09-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-08 | AA | accounts | Accounts with accounts type full | |
| 2023-09-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-11 | AA | accounts | Accounts with accounts type full | |
| 2022-10-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-11 | AA | accounts | Accounts with accounts type full | |
| 2022-01-17 | TM01 | officers | Termination director company with name termination date | |
| 2022-01-17 | CH01 | officers | Change person director company with change date | |
| 2022-01-06 | AP01 | officers | Appoint person director company with name date |
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.