FARMLAND RESERVE UK LIMITED
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Cash
£9.6M
-10.8% vs 2023
Net assets
£262M
+20% vs 2023
Employees
30
+3.4% vs 2023
Profit before tax
£46M
+1,006.3% vs 2023
Net assets
2-year trend · vs Real Estate 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 | £12,049,000 | £14,230,000 | +18.1% | |
| Operating profit | £4,500,000 | £1,200,000 | -73.3% | |
| Profit before tax | £4,122,000 | £45,601,000 | +1,006.3% | |
| Net profit | £3,464,000 | £43,698,000 | +1,161.5% | |
| Cash | £10,797,000 | £9,628,000 | -10.8% | |
| Total assets less current liabilities | £219,796,000 | £265,397,000 | +20.7% | |
| Net assets | £218,392,000 | £262,090,000 | +20% | |
| Equity | £218,392,000 | £262,090,000 | +20% | |
| Average employees | 29 | 30 | +3.4% | |
| Wages | £1,346,000 | £1,632,000 | +21.2% | |
| Directors' remuneration | £135,000 | £168,000 | +24.4% |
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 | 37.3% | 8.4% | |
| Net margin | 28.7% | — | |
| Return on capital employed | 2.0% | 0.5% | |
| Gearing (liabilities / total assets) | 1.6% | 1.9% | |
| Current ratio | 15.77x | 14.97x |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- FARMLAND RESERVE UK LIMITED 2011-12-09 → present
- THE CHURCH OF JESUS CHRIST OF LATTER-DAY SAINTS (WELFARE) LIMITED 1977-10-04 → 2011-12-09
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- MHA
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.”
Group structure
- FARMLAND RESERVE UK LIMITED · parent
- AgReserves Limited 100%
Significant events
- “Two significant land acquisitions were completed in 2024. The Gosberton Estate and the Donington Estate, located in South Lincolnshire, were acquired in two separate transactions during the latter part of the year. The acquisitions add a combined total of 3,500 acres of high-quality arable land to the existing portfolio.”
- “A further acquisition of 5,000 acres at the Sutton Bridge Estate - also in South Lincolnshire with completion in 2025.”
- “After the balance sheet date, the Group has entered into a contract to acquire assets for consideration of £50.9m.”
- “In view of the recent economic downturn the Charity is making every effort to minimise exposure to customer credit risks and all appropriate steps are taken to reduce this risk.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 31 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GARLIC, Brent J | Secretary | 2014-10-02 | — | — |
| CONWAY, Benjamin Michael | Director | 2015-09-10 | Jun 1980 | United Kingdom |
| ROSE, Douglas Larry | Director | 2021-01-31 | May 1978 | American |
| TOLMAN, Partrick Adam | Director | 2019-12-05 | May 1958 | American |
Show 31 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BROADWAY, Alan Keith | Secretary | 1992-01-29 | 2005-08-15 |
| JOLLIFFE, Clive Richard | Secretary | 2005-08-15 | 2008-08-18 |
| KNIGHT, Jess Leo | Secretary | 2012-08-09 | 2015-06-16 |
| PHILLIPS, Thomas William | Secretary | — | 1991-11-01 |
| BEARDSMORE, Roger Albert | Director | — | 1992-06-29 |
| BERRY, Jonathan Edwards | Director | 2005-03-31 | 2005-08-15 |
| BROADWAY, Alan Keith | Director | — | 2005-08-15 |
| BUCKNER, Brent Lamar | Director | 2001-12-17 | 2005-03-31 |
| CALSEN, Brian | Director | 1999-10-06 | 2002-01-07 |
| COWAN, Robert Lewis | Director | 2004-06-16 | 2005-08-15 |
| FORD, Andrew Michael | Director | 2005-08-15 | 2007-03-22 |
| GENHO, Paul Charles | Director | 2009-03-20 | 2014-10-02 |
| JACOX, Bradley D | Director | 1998-11-03 | 1999-10-06 |
| JAMES, Bradley Charles | Director | 2001-12-17 | 2005-03-31 |
| JENSEN, Blaine Parley | Director | 1996-10-01 | 1999-10-06 |
| JOLLIFFE, Clive Richard | Director | 2005-08-15 | 2008-08-18 |
| JONES, Todd Nelson | Director | 2014-10-02 | 2018-10-14 |
| KEELER, Karl Fairbanks | Director | 1996-10-01 | 2005-03-31 |
| KNIGHT, Jess Leo | Director | 2011-11-22 | 2012-08-09 |
| KNIGHT, Mark Edward | Director | 2013-03-01 | 2015-09-10 |
| LARSON, James Rodney | Director | 2011-11-22 | 2013-03-01 |
| MAWLE, Robert James | Director | — | 2002-01-07 |
| MULLIGAN, Robert John | Director | 2007-03-22 | 2011-11-22 |
| PHILLIPS, Thomas William | Director | — | 1991-11-01 |
| REEVES, Gregory William | Director | 2008-08-18 | 2009-12-17 |
| REEVES, William Gregory | Director | — | 1997-03-10 |
| SLEIGHT, Don M | Director | 2011-11-22 | 2021-01-31 |
| SPALLINO, Terry Joe | Director | 2004-06-16 | 2008-08-18 |
| WIBORNY, Rainer Herbert Gottlieb | Director | 2008-08-18 | 2011-11-22 |
| WILLS, Christopher Charles Henry | Director | — | 1992-06-29 |
| WIRTHLIN JR, Joseph Bitner | Director | 2009-12-17 | 2011-11-22 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Farmland Reserve, Inc. | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 160 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-21 | DISS40 | gazette | Gazette filings brought up to date | |
| 2026-01-20 | GAZ1 | gazette | Gazette notice compulsory | |
| 2025-10-03 | AA | accounts | Accounts with accounts type group | |
| 2024-11-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-08 | AA | accounts | Accounts with accounts type group | |
| 2023-11-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-16 | AA | accounts | Accounts with accounts type group | |
| 2022-11-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-05 | AA | accounts | Accounts with accounts type group | |
| 2021-11-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-10-22 | AA | accounts | Accounts with accounts type group | |
| 2021-05-27 | AP01 | officers | Appoint person director company with name date | |
| 2021-05-27 | TM01 | officers | Termination director company with name termination date | |
| 2020-12-03 | AA | accounts | Accounts with accounts type group | |
| 2020-10-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-10-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-07-13 | AP01 | officers | Appoint person director company with name date | |
| 2019-10-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-10-07 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.