THE REFLEX GROUP LIMITED
Operating primarily through its Reflex Labels subsidiary, the group manufactures printed labels and flexible packaging.
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Cash
£8.7m
-7.3% vs 2025
Net assets
£53m
+6.7% highest in 3 filed years
Employees
994
+2.8% highest in 3 filed years
Profit before tax
£6.9m
-15.2% 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 2026-02-28
| Metric | Trend | 2024-02-29 | 2025-02-28 | 2026-02-28 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £178,183,000 | £180,003,000 | £186,996,000 | +3.9% | |
| Operating profit | £11,841,000 | £11,144,000 | £8,690,000 | -22% | |
| Profit before tax | £9,147,000 | £8,140,000 | £6,905,000 | -15.2% | |
| Net profit | £5,850,000 | £5,279,000 | £4,208,000 | -20.3% | |
| Cash | £6,379,000 | £9,400,000 | £8,717,000 | -7.3% | |
| Total assets less current liabilities | £65,571,000 | £79,232,000 | £92,138,000 | +16.3% | |
| Net assets | £46,271,000 | £49,882,000 | £53,207,000 | +6.7% | |
| Equity | £46,271,000 | £49,882,000 | £53,207,000 | +6.7% | |
| Average employees | 966 | 967 | 994 | +2.8% | |
| Wages | £31,914,000 | £32,764,000 | £36,308,000 | +10.8% | |
| Directors' remuneration | £274,000 | £332,000 | £414,000 | +24.7% | |
| Directors' pension contributions | £26,000 | £33,000 | £18,000 | -45.5% | |
| Highest paid director | £113,000 | £119,000 | £133,000 | +11.8% |
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 | 2024-02-29 | 2025-02-28 | 2026-02-28 |
|---|---|---|---|---|
| Operating margin | 6.6% | 6.2% | 4.6% | |
| Net margin | 3.3% | 2.9% | 2.3% | |
| Return on capital employed | 18.1% | 14.1% | 9.4% | |
| Gearing (liabilities / total assets) | 63.5% | 66.4% | 67.3% | |
| Current ratio | 1.04x | 1.04x | 1.10x | |
| Interest cover | 4.28x | 3.43x | 2.45x |
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
- THE REFLEX GROUP LIMITED 2002-07-12 → present
- WILLOUGHBY (375) LIMITED 2001-12-17 → 2002-07-12
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Forvis Mazars LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“As at the date of this report, the Directors have a reasonable expectation that the Company and Group has adequate resources to continue business in the foreseeable future. The Group has therefore continued to adopt a going concern basis for these financial statements.”
Group structure
- THE REFLEX GROUP LIMITED · parent
- Reflex Labels Limited 100%
- Graphic Brands Limited 100%
- Reflex Flexible Packaging Limited 100%
- Reflex Packaging Solutions Limited 60%
- Reflex Plus Limited 100%
- Webflex Limited 100%
- Macfarlane Labels Limited 100%
- Macfarlane Labels (Ireland) Limited 100%
- Reseal-it AB 100%
- Reflex Polska Sp. z o.o. 100%
- Reflex Etikett AS 100%
- The Reflex Group Asia Pacific PTY Ltd 100%
- Reflex Labels & Packaging Asia Pacific Assets Holdings Pty Ltd 100%
- Reflex Labels & Packaging Asia Pacific Pty Ltd 100%
- Reflex Labels & Packaging Asia Pacific Pty Ltd 100%
- Barcom AS 100%
- Label Research & Development Limited 100%
- Source (EC) Limited 100%
- Reflex Printed Technology Inc. 100%
- Designed To Stick Pty Ltd 100%
- Reflex Property Co. Ltd 100%
Significant events
- “In September 2025, the Group acquired 100% of the share capital of Designed To Stick Pty Ltd, a company registered in Australia.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| JONES, Anthony David | Secretary | 2020-01-10 | — | — |
| KENDALL, Catherine | Director | 2011-07-29 | Dec 1966 | United Kingdom |
| KENDALL, Ian George | Director | 2002-08-08 | Mar 1965 | British |
| SINCLAIR, Stephen William | Director | 2024-04-17 | Oct 1956 | British |
| TOMLIN, Gary Adrian | Director | 2020-01-10 | May 1970 | British |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| TURNER, Michael | Secretary | 2002-08-08 | 2020-01-10 |
| WILLOUGHBY CORPORATE SECRETARIAL LIMITED | Corporate Nominee Secretary | 2001-12-17 | 2002-08-08 |
| FERNANDEZ-MORENO, Yvonne | Director | 2011-07-29 | 2014-09-17 |
| MITCHELL, Kevin | Director | 2002-08-08 | 2014-09-17 |
| TROUSDALE, Graham | Director | 2002-08-08 | 2003-10-31 |
| TURNER, Michael | Director | 2002-08-08 | 2021-06-30 |
| WALKER, Stephen | Director | 2002-08-08 | 2005-12-31 |
| WILLOUGHBY CORPORATE REGISTRARS LIMITED | Corporate Nominee Director | 2001-12-17 | 2002-08-08 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr John Michael Turner | Individual | Shares 25–50% | 2016-04-06 | Ceased 2021-10-01 |
| Mr Ian George Kendall | Individual | Shares 50–75% | 2016-04-06 | Active |
Filing timeline
Last 20 of 205 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-10-14 | AA | accounts | Accounts with accounts type group | |
| 2026-05-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-25 | AAMD | accounts | Accounts amended with accounts type group | |
| 2025-10-16 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-10-09 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-10-09 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-10-09 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-10-09 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-10-09 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-10-08 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-10-03 | AA | accounts | Accounts with accounts type group | |
| 2025-05-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-19 | AA | accounts | Accounts with accounts type group | |
| 2024-11-01 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-10-28 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-05-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-04-25 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-30 | AA | accounts | Accounts with accounts type group | |
| 2023-05-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-11-17 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 11
- 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.