AFE GROUP LIMITED
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Cash
£588K
-73.2% vs 2024
Net assets
£130M
+14.1% highest in 3 filed years
Employees
967
-6.2% lowest in 3 filed years
Profit before tax
£26M
+13.6% highest in 3 filed years
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-08-31
| Metric | Trend | 2023-08-31 | 2024-08-31 | 2025-08-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £131,775,000 | £131,952,000 | £134,976,000 | +2.3% | |
| Operating profit | £19,468,000 | £17,874,000 | £17,466,000 | -2.3% | |
| Profit before tax | £23,106,000 | £22,907,000 | £26,027,000 | +13.6% | |
| Net profit | £18,135,000 | £17,344,000 | £20,607,000 | +18.8% | |
| Cash | £575,000 | £2,194,000 | £588,000 | -73.2% | |
| Total assets less current liabilities | £107,948,000 | £116,721,000 | £133,045,000 | +14% | |
| Net assets | £104,114,000 | £114,271,000 | £130,405,000 | +14.1% | |
| Equity | £104,114,000 | £114,271,000 | £130,405,000 | +14.1% | |
| Average employees | 1,107 | 1,031 | 967 | -6.2% | |
| Wages | £37,821,000 | £38,073,000 | £38,607,000 | +1.4% | |
| Directors' remuneration | £359,000 | £447,000 | £377,000 | -15.7% |
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 | 2023-08-31 | 2024-08-31 | 2025-08-31 |
|---|---|---|---|---|
| Operating margin | 14.8% | 13.5% | 12.9% | |
| Net margin | 13.8% | 13.1% | 15.3% | |
| Return on capital employed | 18.0% | 15.3% | 13.1% | |
| Gearing (liabilities / total assets) | 23.9% | 22.4% | — | |
| Current ratio | 4.25x | 4.38x | 4.92x |
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 3 times since incorporation
- AFE GROUP LIMITED 2007-12-28 → present
- AGA FOODSERVICE EQUIPMENT LIMITED 2001-03-12 → 2007-12-28
- GLYNWED FOODSERVICE EQUIPMENT LIMITED 2000-01-06 → 2001-03-12
- GLYNWED FOODSERVICE PRODUCTS LIMITED 1999-11-08 → 2000-01-06
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- A.C.T. Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors consider that the company's operating profit forecast, net asset levels and operating cash flow covering the next twelve months, from the date of signing the financial statements, are such that it will continue as a going concern for no less than 12 months from the approval of these financial statements.”
Group structure
- AFE GROUP LIMITED · parent
- AFG Stirling Limited 100%
- Falcon Catering Equipment Limited 100%
- Mono Equipment Limited 100%
- Millers Vanguard Limited 100%
- Serviceline Catering Equipment Engineers Limited 100%
- Williams Refrigeration Limited 100%
- AFE Group China Limited 43.24%
- Williams Refrigeration (Hong Kong) Limited 43.24%
Significant events
- “The company received interim dividends for financial year 2026 from subsidiary Incorporated in Hong Kong in the sum of £4,093,401.76 on 8 January 2026 and £3,122,269.30 on 3 February 2026. Dividends have then been paid to immediate parent undertaking in the sum of £4,093,401.76 on 15 January 2026 and £3,122,269.30 on 13 February 2026.”
- “On 22 January 2026 an application was made to the Hong Kong Companies Registry to dissolve AFE Group China Limited.”
- “On 22 August 2025 the debenture created on 28 July 2022 containing, inter alia, a fixed and floating charge on the company's assets was satisfied.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SMITH, Timothy Simon | Secretary | 2007-12-18 | — | British |
| ANASTASIA, Maurizio | Director | 2018-05-25 | Aug 1970 | Italian |
| SMITH, Timothy Simon | Director | 2007-12-18 | Sep 1966 | British |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CFL SECRETARIES LIMITED | Corporate Nominee Secretary | 1999-11-08 | 1999-11-08 |
| NEW SHELDON LIMITED | Corporate Secretary | 1999-11-08 | 2007-12-18 |
| MAY, Michael Hans | Director | 2012-03-31 | 2012-11-15 |
| MCGRATH, William Brendan | Director | 2001-03-09 | 2007-12-18 |
| RALLO, Vincenzo | Director | 2012-11-15 | 2018-05-14 |
| RENNIE, Stephen | Director | 1999-11-08 | 2008-02-26 |
| SMITH, Shaun Michael | Director | 2001-05-01 | 2007-12-18 |
| VIGLIONE, Angelo | Director | 2008-02-22 | 2012-03-31 |
| WILSON, Anthony Joseph | Director | 1999-11-08 | 2001-03-09 |
| CFL DIRECTORS LIMITED | Corporate Nominee Director | 1999-11-08 | 1999-11-08 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ali Uk Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 131 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-17 | AA | accounts | Accounts with accounts type full | |
| 2026-03-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-22 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-05-16 | AA | accounts | Accounts with accounts type full | |
| 2025-03-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-28 | AA | accounts | Accounts with accounts type full | |
| 2024-03-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-08 | AA | accounts | Accounts with accounts type full | |
| 2023-03-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-05-12 | AA | accounts | Accounts with accounts type full | |
| 2022-03-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-04-30 | AA | accounts | Accounts with accounts type full | |
| 2021-03-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-06-09 | AA | accounts | Accounts with accounts type full | |
| 2020-03-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-03-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-01-31 | AA | accounts | Accounts with accounts type full | |
| 2018-06-07 | AP01 | officers | Appoint person director company with name date | |
| 2018-06-07 | TM01 | officers | Termination director company with name termination 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.