GARIC LIMITED
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Cash
£585k
-36.7% lowest in 5 filed years
Net assets
£22m
-13.2% vs 2024
Employees
249
-8.1% lowest in 6 filed years
Profit before tax
-£535k
-125.8% lowest in 6 filed years
Net assets
6-year trend · vs Industrials 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 | £34,639,000 | £37,284,000 | £37,446,000 | £40,826,000 | £42,789,000 | £39,711,000 | -7.2% | |
| Operating profit | £3,449,000 | £5,634,000 | £5,042,000 | £5,425,000 | £3,741,000 | £1,001,000 | -73.2% | |
| Profit before tax | £2,297,000 | £4,776,000 | £4,275,000 | £4,190,000 | £2,071,000 | -£535,000 | -125.8% | |
| Net profit | £2,985,000 | £4,772,000 | £5,562,000 | £5,865,000 | £3,088,000 | — | — | |
| Cash | — | £698,000 | £727,000 | £755,000 | £924,000 | £585,000 | -36.7% | |
| Total assets less current liabilities | £34,421,000 | £29,290,000 | £33,552,000 | £42,788,000 | £48,984,000 | £41,035,000 | -16.2% | |
| Net assets | £9,278,000 | £14,050,000 | £19,612,000 | £24,990,000 | £25,578,000 | £22,203,000 | -13.2% | |
| Equity | £9,278,000 | £14,050,000 | £19,612,000 | £24,990,000 | £25,578,000 | £22,203,000 | -13.2% | |
| Average employees | 269 | 271 | 266 | 274 | 271 | 249 | -8.1% | |
| Wages | £9,085,000 | £10,135,000 | £9,981,000 | £11,065,000 | £11,406,000 | £10,391,000 | -8.9% | |
| Directors' remuneration | £1,274,000 | £1,040,000 | £476,000 | £588,000 | £566,000 | £717,000 | +26.7% | |
| Directors' pension contributions | — | — | — | £34,000 | £75,000 | £39,000 | -48% | |
| Highest paid director | — | — | — | £328,000 | £341,000 | £321,000 | -5.9% |
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 | 10.0% | 15.1% | 13.5% | 13.3% | 8.7% | 2.5% | |
| Net margin | 8.6% | 12.8% | 14.9% | 14.4% | 7.2% | — | |
| Return on capital employed | 10.0% | 19.2% | 15.0% | 12.7% | 7.6% | 2.4% | |
| Gearing (liabilities / total assets) | 77.7% | 61.9% | 51.0% | 49.4% | 56.5% | 55.2% | |
| Current ratio | — | — | — | 2.26x | 2.17x | 1.82x | |
| Interest cover | 2.99x | 5.88x | 5.95x | 3.69x | 2.20x | 0.65x |
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
- GARIC LIMITED 2001-07-25 → present
- SHUTTLEWORTH PLANT HIRE LIMITED 1988-02-12 → 2001-07-25
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Forvis Mazars LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After making due enquiries, and reviewing reasonable downsides and their mitigations, the directors have 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 the financial statements.”
Significant events
- “During the year the company incurred exceptional costs of £227k relating to restructuring activity, a historic defined contribution pension scheme issue and professional and legal fees connected to the new Reading depot.”
- “The company entered into an operating lease on 30 October 2024 for an additional depot in Reading. Actual completion occurred in November 2025 once conditions precedent had been met.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 24 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BIBBY BROS. & CO. (MANAGEMENT) LIMITED | Corporate Secretary | 2008-10-23 | — | — |
| BIBBY, Geoffrey Frank Harold, Mr. | Director | 2021-01-01 | Feb 1965 | British |
| LATIEF, Asif | Director | 2025-12-01 | Aug 1977 | British |
| LEWIS, Jonathan Gareth | Director | 2019-09-01 | Jun 1973 | British |
| OLIVER, Mary Louise | Director | 2024-11-01 | Aug 1981 | British |
| SHERLOCK, Brian Foster | Director | 2025-05-19 | Mar 1961 | British |
Show 24 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ENTWISTLE, Eric Stanley | Secretary | — | 2005-11-03 |
| ENTWISTLE, Lorne | Secretary | 2005-11-03 | 2008-10-23 |
| ALBISTON, Mark | Director | 2018-04-30 | 2025-07-13 |
| ALBISTON, Mark | Director | 2016-11-14 | 2017-09-05 |
| BARKER, Jacqueline | Director | 2015-01-01 | 2022-03-31 |
| BATRA, Gaurav | Director | 2014-10-28 | 2018-07-19 |
| BIBBY, Peter John | Director | 2014-05-01 | 2025-12-31 |
| CRESSWELL, John Harold | Director | 2018-07-19 | 2020-12-31 |
| ENTWISLE, Gary Stuart | Director | — | 2009-04-30 |
| ENTWISTLE, Eric Stanley | Director | — | 2005-11-03 |
| ENTWISTLE, Lorne | Director | — | 2014-04-11 |
| GOODY, Andrew John | Director | 2015-05-01 | 2022-06-01 |
| GOODY, Andrew John | Director | 2008-10-23 | 2013-03-28 |
| GREALLY, Gary Alan | Director | 2009-04-30 | 2015-06-30 |
| GREEN, Cyril Joseph | Director | 2008-10-23 | 2011-12-31 |
| GRESTY, Matthew Daniel | Director | 2011-11-03 | 2016-04-15 |
| HAYMER, Jonathan | Director | 2013-09-05 | 2016-05-03 |
| HOTCHKISS, Colin Archibald | Director | 2015-11-02 | 2018-11-30 |
| LYONS, Mark Joseph | Director | 2018-09-03 | 2019-09-01 |
| MALLOY, Craig | Director | 2023-01-23 | 2024-11-01 |
| QUINN, Nigel Colin Patrick | Director | 2019-02-01 | 2023-09-30 |
| RICHARDSON, Neil Robert, Mr. | Director | 2014-10-28 | 2019-11-01 |
| ROBERTSON, David Albert | Director | 2012-01-01 | 2014-12-31 |
| TYLDSLEY, Mark | Director | 2019-11-01 | 2022-06-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Bibby Taurus Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 218 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-30 | AA | accounts | Accounts with accounts type full | |
| 2026-05-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-02 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-30 | AA | accounts | Accounts with accounts type full | |
| 2025-09-10 | CH01 | officers | Change person director company with change date | |
| 2025-08-18 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-02 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-01 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-01 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-28 | AA | accounts | Accounts with accounts type full | |
| 2024-05-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-29 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-02-26 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-02-26 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-02-26 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-10-09 | TM01 | officers | Termination director company with name termination date | |
| 2023-06-26 | AA | accounts | Accounts with accounts type full | |
| 2023-05-15 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 1
- 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.