FIBREFORCE COMPOSITES LIMITED
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Cash
£551K
-72.8% vs 2023
Net assets
£4.2M
+15.3% vs 2023
Employees
18
-52.6% vs 2023
Profit before tax
£742K
+136.2% vs 2023
Net assets
2-year trend · vs Basic Materials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £6,695,000 | £4,558,000 | -31.9% | |
| Operating profit | -£2,178,000 | £562,000 | +125.8% | |
| Profit before tax | -£2,048,000 | £742,000 | +136.2% | |
| Net profit | -£1,547,000 | £557,000 | +136% | |
| Cash | £2,025,000 | £551,000 | -72.8% | |
| Total assets less current liabilities | — | £4,133,000 | — | |
| Net assets | £3,634,000 | £4,191,000 | +15.3% | |
| Equity | £3,634,000 | £4,191,000 | +15.3% | |
| Average employees | 38 | 18 | -52.6% | |
| Wages | £2,159,000 | £790,000 | -63.4% | |
| Directors' remuneration | £238,000 | £241,000 | +1.3% |
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 |
|---|---|---|---|
| Operating margin | -32.5% | 12.3% | |
| Net margin | -23.1% | 12.2% | |
| Return on capital employed | — | 13.6% | |
| Current ratio | 1.71x | 2.09x |
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 5 times since incorporation
- FIBREFORCE COMPOSITES LIMITED 1987-03-04 → present
- FIBREFORCE COMPOSITES LIMITED 1982-09-10 → 1987-03-04
- BRIDON COMPOSITES LIMITED 1982-09-10 → 1987-03-04
- MITCHELL ROPEWAYS LIMITED 1980-12-31 → 1982-09-10
- LIFTEX (U.K.) LIMITED 1979-12-31 → 1980-12-31
- MITCHELL CABIN-LIFTS LIMITED 1929-06-05 → 1979-12-31
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Xeinadin Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After making enquiries, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future: Accordingly, they continue to adopt the going concern basis in preparing the accounts.”
Significant events
- “Turnover decreased by 32% primarily as a result of the downsizing in 2023.”
- “Trading in 2024 returned to normal levels but was impacted by the decision on 31st March 2023 by the Directors that confirmed that production of pultruded profiles would be transferred to other Group Subsidiary Companies. Fibreforce Composites will continue with other production activities and operate as a service centre for UK based customers. The programme of change was completed by the end of 2023: with the Company returning to profitability in 2024.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 29 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| THOMAS, Richard | Secretary | 2007-01-01 | — | British |
| GOUGH, Callum Anthony | Director | 2003-09-22 | Jan 1960 | British |
| HONKANEN, Juha | Director | 2024-10-01 | Jan 1979 | Finnish |
Show 29 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ANDERSON, Allan William | Secretary | 1992-10-24 | 1992-10-30 |
| MCKAY, John Charles | Secretary | 2000-01-01 | 2006-12-31 |
| MCVITTIE, Enid | Secretary | 1993-08-17 | 1999-12-31 |
| OCONNOR, Brian John | Secretary | 1992-10-30 | 1993-08-17 |
| WATSON, Deirdre Mary Alison | Secretary | — | 1992-10-30 |
| CAPPER, Graham Robert | Director | 1992-10-30 | 2002-03-01 |
| CLOUGH, David | Director | 1998-09-21 | 1999-09-06 |
| HARTLEY, John Robert | Director | 2005-10-13 | 2026-03-31 |
| JOKELAINEN, Ari | Director | 2006-06-01 | 2006-12-31 |
| JORDAN, Keith Stuart | Director | 1999-06-10 | 2004-06-15 |
| KORPIMIES, Vesa | Director | 2006-06-01 | 2014-03-14 |
| KYTÖMÄKI, Riku | Director | 2014-04-16 | 2022-07-01 |
| LAND, Ronald | Director | — | 1992-10-30 |
| LIPPOLD, Michael David | Director | 1992-12-21 | 1999-12-31 |
| MC CANN, Brian Geoffrey | Director | — | 1992-10-30 |
| MIETTINEN, Pentti Ka Levi | Director | 2006-06-01 | 2014-04-16 |
| MILNER, Stephen John | Director | 2000-12-01 | 2001-07-31 |
| NOXON, Edward Brian | Director | 1992-11-02 | 2000-12-01 |
| OCONNOR, Brian John | Director | 1992-10-30 | 1992-12-01 |
| PARMENTER, John Derek | Director | 1994-12-12 | 2000-02-29 |
| PEACOCK, Matthew Lyon | Director | 2001-09-03 | 2003-03-28 |
| PEARCE, Grant Ashley | Director | 1999-09-07 | 2009-10-02 |
| RAINSBURY, Darryl Jeffrey | Director | 2002-03-01 | 2006-07-01 |
| RUMMUKAINEN, Mikko Eemeli | Director | 2022-07-01 | 2024-10-01 |
| SEBIRE, Stephen John | Director | 1992-12-21 | 1995-12-31 |
| SILVANTO, Ilkka | Director | 2006-06-01 | 2016-11-22 |
| WARD, Barry | Director | — | 1992-10-30 |
| WEBB, Stuart James | Director | 1995-06-07 | 1998-09-21 |
| WHITE, Peter Charles | Director | 1992-11-02 | 1994-12-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Exel Composites Plc | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 193 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-02 | AA | accounts | Accounts with accounts type full | |
| 2025-05-14 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-11-06 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-11-06 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-06 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-09 | AA | accounts | Accounts with accounts type full | |
| 2024-06-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-21 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-06-13 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-10-11 | AA | accounts | Accounts with accounts type full | |
| 2023-07-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-17 | AA | accounts | Accounts with accounts type full | |
| 2022-07-06 | TM01 | officers | Termination director company with name termination date | |
| 2022-07-06 | AP01 | officers | Appoint person director company with name date | |
| 2022-06-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-10-26 | AA | accounts | Accounts with accounts type full | |
| 2021-07-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-12-19 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
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.