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Cash

£7.2m

-74.7% lowest in 3 filed years

Net assets

£21m

-52.4% lowest in 3 filed years

Employees

190

+0.5% vs 2024

Profit before tax

£6.5m

+751% first positive since 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 £64,172,000£41,534,000£50,116,000 +20.7%
Operating profit £5,499,000-£2,354,000£5,094,000 +316.4%
Profit before tax £6,481,000-£994,000£6,471,000 +751%
Net profit £4,769,000-£1,006,000£4,745,000 +571.7%
Cash £26,592,000£28,657,000£7,245,000 -74.7%
Total assets less current liabilities £21,327,000
Net assets £46,591,000£44,799,000£21,306,000 -52.4%
Equity £46,591,000£44,799,000£21,306,000 -52.4%
Average employees 218189190 +0.5%
Wages £10,924,000£9,788,000£10,549,000 +7.8%
Directors' remuneration £104,000£0£0

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 8.6%-5.7%10.2%
Net margin 7.4%-2.4%9.5%
Return on capital employed 23.9%
Gearing (liabilities / total assets) 16.5%36.5%
Current ratio 4.43x4.04x2.15x
Interest cover -78.47x97.96x

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 101
Reporting scope
Standalone (parent only)
Auditor
Forvis Mazars LLP
Audit opinion
Unqualified (clean)
Going concern
Affirmed

“The directors have at the time of approving the financial statements, a reasonable expectation that the Company has adequate resources to continue in operational existence for at least 12 months from the date of approval of these financial statements. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.”

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

People

3 active · 34 resigned

Name Role Appointed Born Nationality
COOK, Gareth John Secretary 2021-11-15
PIERRARD, Arnaud Cedric Director 2025-12-12 Nov 1977 French
THIERY, Julie Director 2022-11-10 Feb 1984 French
Show 34 resigned officers
Name Role Appointed Resigned
BAXTER, Jonathan Mark Secretary 2017-12-31 2021-11-15
COOKE, David John Secretary 2013-05-17 2017-12-31
JACKSON, Douglas Ian Secretary 1996-06-30
KRANCIOCH, Karl Richard Secretary 1996-07-01 1999-10-19
STONE, Jeffrey Brian Secretary 1999-10-19 2013-05-17
ANTILLE, Olivier Vincent Director 2015-09-16 2019-06-30
BEAL PRESTON, John Director 2011-01-26
BOURDON, Didier Henri, John-Louis Director 2013-05-17 2016-04-13
BROWN, Trevor Paul Director 1994-04-30
BYLES, John Robert Director 2000-10-04 2013-04-06
COOKE, David John Director 2013-05-17 2017-12-31
COX, Stephen John Director 2004-06-01 2020-07-14
DATHIS, Bruno Jean Director 2022-05-06 2022-11-10
FORSTER, Brian Director 2007-01-01 2019-06-30
GARTNER, Eran Director 2019-06-30 2022-03-07
GROULT, Nicolas Director 2023-03-28 2025-12-12
JACKSON, Douglas Ian Director 1996-06-30
KRANCIOCH, Karl Richard Director 1995-01-04 1999-10-19
KULAS, Andre Director 2019-06-30 2022-05-06
LEEVES, Geoffrey Gordon Director 1994-10-31
LODGE, Geoffrey Malcolm Director 1994-04-30 2006-12-31
MARSHALL, Barry Director 2000-10-12 2004-05-31
MCELLIGOTT, Thomas Gary Director 1996-11-12 2013-05-17
ORROW, Royston James Director 1993-10-04
PEACOCK, Wayne Martin Director 2014-01-01 2023-03-28
POOL, John Arthur Director 1995-04-03
RHODES, David, Dr Director 2000-10-05 2013-12-31
SMITH, Nigel Watkin Roberts Director 1995-04-03 1995-12-06
STONE, Jeffrey Brian Director 1999-10-29 2014-03-31
TALBOURDET, Guy Henri Jean Paul Director 2022-03-07 2023-03-28
TALBOURDET, Guy Henri Jean Paul Director 2013-12-17 2019-06-30
WEBSTER, Donald James Director 2000-10-13 2018-06-28
WILSON, Robert Gordon Director 1993-10-04 1995-01-04
WOOD, Timothy Alan Director 1994-04-30 1995-10-09

Ownership

Persons with significant control

Name Kind Nature of control Notified Status
Pandrol International Limited Corporate entity Shares 75–100%, Voting 75–100%, Appoints directors 2016-04-06 Active

Filing timeline

Last 20 of 205 total filings

Date Type Category Description
2026-07-18 AA accounts Accounts with accounts type full
2026-06-19 TM02 officers Termination secretary company with name termination date PDF
2026-06-19 AP03 officers Appoint person secretary company with name date PDF
2026-01-06 TM01 officers Termination director company with name termination date PDF
2026-01-06 AP01 officers Appoint person director company with name date PDF
2025-08-11 CS01 confirmation-statement Confirmation statement with updates PDF
2025-08-04 PSC05 persons-with-significant-control Change to a person with significant control PDF
2025-07-09 AA accounts Accounts with accounts type full
2024-12-27 MR01 mortgage Mortgage create with deed with charge number charge creation date PDF
2024-09-11 AA accounts Accounts with accounts type full
2024-08-01 CS01 confirmation-statement Confirmation statement with no updates PDF
2023-12-01 MR01 mortgage Mortgage create with deed with charge number charge creation date PDF
2023-10-24 AA accounts Accounts with accounts type full
2023-08-01 CS01 confirmation-statement Confirmation statement with no updates PDF
2023-03-30 TM01 officers Termination director company with name termination date PDF
2023-03-30 AP01 officers Appoint person director company with name date PDF
2023-03-30 TM01 officers Termination director company with name termination date PDF
2022-11-16 AP01 officers Appoint person director company with name date PDF
2022-11-16 TM01 officers Termination director company with name termination date PDF
2022-10-06 AA accounts Accounts with accounts type full

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
7

last 12 months

Capital events
0

last 24 months

Officers appointed
1

last 12 months

Officers resigned
1

last 12 months

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

Official Companies House page