PROPER CORNISH LIMITED
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Cash
£5.6m
+155.2% highest in 5 filed years
Net assets
£13m
+39.6% highest in 5 filed years
Employees
248
-0.8% vs 2024
Profit before tax
£4.7m
+20% highest in 5 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
5-year trend · vs Consumer Staples median
Accounts
5-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | £17,849,641 | £22,927,686 | £25,146,256 | £32,408,000 | £37,102,000 | +14.5% | |
| Operating profit | £2,674,623 | £3,310,550 | £2,105,703 | £3,917,000 | £4,866,000 | +24.2% | |
| Profit before tax | £2,637,163 | £2,473,766 | £2,082,488 | £3,896,000 | £4,677,000 | +20% | |
| Net profit | £2,051,694 | £2,017,497 | £1,450,015 | £3,025,000 | £3,557,000 | +17.6% | |
| Cash | £1,104,552 | £358,271 | £652,131 | £2,196,000 | £5,604,000 | +155.2% | |
| Total assets less current liabilities | £5,803,363 | £7,720,301 | £6,640,280 | £9,735,000 | £13,363,000 | +37.3% | |
| Net assets | £5,319,327 | £7,336,824 | £5,946,517 | £8,972,000 | £12,529,000 | +39.6% | |
| Equity | £5,319,327 | £7,336,824 | £5,946,517 | £8,972,000 | £12,529,000 | +39.6% | |
| Average employees | 196 | 212 | 211 | 250 | 248 | -0.8% | |
| Wages | £4,775,099 | £5,467,574 | £5,923,707 | £7,149,000 | £7,803,000 | +9.1% | |
| Directors' remuneration | £370,221 | £301,012 | £492,515 | £451,000 | £4,000,000 | +786.9% | |
| Directors' pension contributions | — | — | £318,834 | £13,000 | £8,000 | -38.5% | |
| Highest paid director | — | — | £213,262 | £128,000 | £123,000 | -3.9% |
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 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | 15.0% | 14.4% | 8.4% | 12.1% | 13.1% | |
| Net margin | 11.5% | 8.8% | 5.8% | 9.3% | 9.6% | |
| Return on capital employed | 46.1% | 42.9% | 31.7% | 40.2% | 36.4% | |
| Gearing (liabilities / total assets) | 42.4% | 33.7% | 49.0% | 37.5% | 36.7% | |
| Current ratio | — | — | 1.54x | 2.22x | 2.38x | |
| Interest cover | 71.40x | 90.00x | 90.70x | — | 21.82x |
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
- PROPER CORNISH LIMITED 1999-07-28 → present
- EXITBLOCK LIMITED 1999-06-15 → 1999-07-28
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PKF Francis Clark
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In conclusion, taking account of the above matters the Directors continue to deem the going concern basis to be appropriate and have therefore prepared the financial statements on this basis.”
Group structure
- PROPER CORNISH LIMITED · parent
- Proper Cornish Retail Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 20 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BROOMFIELD, Peter John | Director | 2024-04-01 | Oct 1979 | British |
| GIDDINGS, Christopher Robert | Director | 2026-06-01 | Jul 1986 | British |
| ORMROD, Christopher | Director | 2026-06-01 | Dec 1962 | British |
| TRENT, Scott Ashley John | Director | 2026-06-01 | Mar 1992 | British |
| VIGNERON, Alexandre Emmanuel Benoit | Director | 2023-02-28 | Mar 1987 | French |
Show 20 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ADDIS, Ron Oswald | Secretary | 2000-01-27 | 2005-04-01 |
| ADDIS, Ron Oswald | Secretary | 1999-07-02 | 1999-07-20 |
| HOLLYOAK, Yvonne Helen | Secretary | 2005-04-01 | 2026-05-31 |
| PAULING, David William | Secretary | 1999-07-20 | 2000-01-27 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 1999-06-15 | 1999-07-02 |
| ALLEN, Gerald Steven | Director | 1999-10-20 | 2025-01-31 |
| AVERY, Kathryn Janet | Director | 2011-08-15 | 2012-03-09 |
| BOWERN, Matthew Raymond | Director | 2007-11-12 | 2011-12-23 |
| COWLING, Robert John | Director | 2010-01-06 | 2011-08-31 |
| FLOWERDEW, Jane Abi | Director | 1999-10-20 | 2014-03-18 |
| JEFFS, David Michael | Director | 2014-04-07 | 2018-03-16 |
| JOHNSTON, Philip Ivan, Dr | Director | 2016-05-10 | 2017-11-09 |
| MUNCEY, Mark Heywood | Director | 2009-07-30 | 2017-05-23 |
| PAULING, Christopher Ian | Director | 1999-07-02 | 2024-02-01 |
| PAULING, David William | Director | 1999-07-02 | 2006-01-31 |
| SAUNDERS, Paul Bowman | Director | 2012-03-15 | 2026-02-19 |
| SAYER, Samantha Jane | Director | 2023-02-28 | 2026-05-31 |
| TAYLOR, Karen Lesley | Director | 2006-08-21 | 2007-07-05 |
| UGALDE, Philip Richard | Director | 1999-07-02 | 2021-10-22 |
| INSTANT COMPANIES LIMITED | Corporate Nominee Director | 1999-06-15 | 1999-07-02 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Proper Cornish Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-10-22 | Active |
| Mr Philip Richard Ugalde | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2021-10-22 |
| Mr Christopher Ian Pauling | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2021-10-22 |
Filing timeline
Last 20 of 198 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-03-26 MA Memorandum articles
- 2026-03-25 RESOLUTIONS Resolution
- 2026-03-25 CC04 Statement of companys objects
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-25 | AA | accounts | Accounts with accounts type full | |
| 2026-06-30 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-06-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-06-03 | AP01 | officers | Appoint person director company with name date | |
| 2026-06-03 | AP01 | officers | Appoint person director company with name date | |
| 2026-06-03 | AP01 | officers | Appoint person director company with name date | |
| 2026-06-03 | TM01 | officers | Termination director company with name termination date | |
| 2026-06-03 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-03-26 | MA | incorporation | Memorandum articles | |
| 2026-03-25 | RESOLUTIONS | resolution | Resolution | |
| 2026-03-25 | CC04 | change-of-constitution | Statement of companys objects | |
| 2026-02-23 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-03 | AA | accounts | Accounts with accounts type full | |
| 2025-05-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-03 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-10-03 | AA | accounts | Accounts with accounts type full | |
| 2024-05-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-02 | AP01 | officers | Appoint person director company with name date | |
| 2024-02-01 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 13
- Capital events
- 0
- Officers appointed
- 3
- Officers resigned
- 3
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.