PRIORITY FREIGHT (MIDLANDS) LIMITED
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Cash
£911k
+3.6% highest in 3 filed years
Net assets
£6.6m
+8.3% highest in 3 filed years
Employees
16
-11.1% lowest in 3 filed years
Profit before tax
£654k
-59.4% lowest in 3 filed years
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £15,165,512 | £14,044,207 | £10,953,253 | -22% | |
| Operating profit | £1,602,952 | £1,617,163 | £659,060 | -59.2% | |
| Profit before tax | £1,602,605 | £1,612,606 | £654,131 | -59.4% | |
| Net profit | £1,208,750 | £1,370,000 | £502,186 | -63.3% | |
| Cash | £426,918 | £878,967 | £910,573 | +3.6% | |
| Total assets less current liabilities | £4,738,787 | £6,088,235 | £6,595,256 | +8.3% | |
| Net assets | £4,714,451 | £6,084,451 | £6,586,637 | +8.3% | |
| Equity | £4,714,451 | £6,084,451 | £6,586,637 | +8.3% | |
| Average employees | 21 | 18 | 16 | -11.1% | |
| Wages | £807,582 | £678,080 | £600,613 | -11.4% | |
| Directors' remuneration | — | — | — | — |
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 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 10.6% | 11.5% | 6.0% | |
| Net margin | 8.0% | 9.8% | 4.6% | |
| Return on capital employed | 33.8% | 26.6% | 10.0% | |
| Current ratio | 1.94x | 5.10x | 6.12x |
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
- PRIORITY FREIGHT (MIDLANDS) LIMITED 2005-07-06 → present
- PFC LIMITED 1998-10-30 → 2005-07-06
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- RSM UK Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Accordingly, the directors of the company have, after careful consideration, concluded that it is appropriate to prepare these financial statements on the going concern basis as the company will be able to pay its debts as they fall due for a period of at least 12 months from the date of approval of these financial statements.”
Significant events
- “As we celebrate our 30th anniversary, the Group is embracing the 'Fit at 30' strategy an exciting initiative dedicated to growth, innovation, and investment in key projects that will drive future success.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| WILLIAMS, Neal Thomas | Secretary | 1998-10-30 | — | British |
| AUSTIN, Andrew | Director | 2021-06-02 | Apr 1963 | British |
| CHAPMAN, Ian Stuart | Director | 2018-09-18 | Aug 1968 | British |
| STOBIE, Stuart David | Director | 2021-06-02 | Apr 1968 | British |
| WILLIAMS, Gareth Stephen | Director | 2013-12-18 | Feb 1978 | British |
| WILLIAMS, Neal Thomas | Director | 1998-10-30 | Aug 1970 | British |
| WILLIAMS, Paul Vincent | Director | 2013-12-18 | Dec 1973 | British |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| TEMPLE SECRETARIES LIMITED | Corporate Nominee Secretary | 1998-10-30 | 1998-10-30 |
| AUSTIN, Andrew | Director | 2011-07-04 | 2013-07-31 |
| HENRY, Angela | Director | 2013-06-14 | 2023-03-30 |
| MERCER, Paul Christopher | Director | 2013-12-18 | 2017-11-10 |
| PARTRIDGE, Carl Maurice | Director | 2005-06-23 | 2023-02-28 |
| WILLIAMS, George Vincent | Director | 1998-11-30 | 2013-11-27 |
| COMPANY DIRECTORS LIMITED | Corporate Nominee Director | 1998-10-30 | 1998-10-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Paul Vincent Williams | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2016-04-06 |
| Mr Gareth Stephen Williams | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2016-04-06 |
| Priority Freight Limited | Corporate entity | Shares 50–75%, Voting 50–75%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 116 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-11 | AA | accounts | Accounts with accounts type full | |
| 2025-11-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-04 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-07-07 | AA | accounts | Accounts with accounts type full | |
| 2024-11-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-19 | AA | accounts | Accounts with accounts type full | |
| 2024-07-10 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-12-21 | CH01 | officers | Change person director company with change date | |
| 2023-11-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-06-17 | AA | accounts | Accounts with accounts type full | |
| 2023-03-30 | TM01 | officers | Termination director company with name termination date | |
| 2023-03-21 | TM01 | officers | Termination director company with name termination date | |
| 2022-11-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-07-28 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2022-06-09 | AA | accounts | Accounts with accounts type full | |
| 2022-03-16 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-03-16 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2021-11-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-06-13 | AA | accounts | Accounts with accounts type full | |
| 2021-06-08 | 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.