HAAS FORMULA UK LTD
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Cash
£2.2M
+131.6% vs 2023
Net assets
£46M
+16.3% vs 2023
Employees
156
+20.9% vs 2023
Profit before tax
£7.6M
+13.5% vs 2023
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £113,434,000 | £119,359,000 | +5.2% | |
| Operating profit | £6,674,000 | £7,507,000 | +12.5% | |
| Profit before tax | £6,710,000 | £7,614,000 | +13.5% | |
| Net profit | £5,627,000 | £6,493,000 | +15.4% | |
| Cash | £931,000 | £2,156,000 | +131.6% | |
| Total assets less current liabilities | £40,484,000 | £47,571,000 | +17.5% | |
| Net assets | £39,748,000 | £46,241,000 | +16.3% | |
| Equity | £39,748,000 | £46,241,000 | +16.3% | |
| Average employees | 129 | 156 | +20.9% | |
| Wages | £8,737,000 | £13,480,000 | +54.3% | |
| Directors' remuneration | £0 | £0 | — |
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 |
|---|---|---|---|
| Operating margin | 5.9% | 6.3% | |
| Net margin | 5.0% | 5.4% | |
| Return on capital employed | 16.5% | 15.8% | |
| Gearing (liabilities / total assets) | 24.5% | 20.5% | |
| Current ratio | 3.58x | 4.31x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Rawlinson & Hunter Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.”
Significant events
- “expansion of the workforce, which commenced in 2024 and is ongoing into 2025”
- “further capital expenditure has been directed towards assets that support team operations. This increase has been shown in a new Motorhome which was unveiled in 2025. A further significant commitment is in the construction of a simulator, with the project beginning subsequent to the year end in 2025.”
- “Following the year end, the company entered into additional capital commitments amounting to £3.8 million, increasing the total capital commitments beyond those reported as at the year-end in note 20.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CUSTER, Joseph George | Director | 2020-03-28 | May 1961 | American |
| HAAS, Gene Francis | Director | 2014-07-29 | Nov 1952 | American |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| NEWTON, Nigel Christopher | Director | 2016-02-04 | 2018-12-12 |
| ROGGENBAUER, Scott Richard | Director | 2018-12-12 | 2020-03-27 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Gene Francis Haas | Individual | Shares 75–100% (as trust), Voting 75–100% (as trust), Appoints directors (as trust) | 2016-04-06 | Active |
Filing timeline
Last 20 of 37 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-02 | AA | accounts | Accounts with accounts type full | |
| 2025-08-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-21 | AA | accounts | Accounts with accounts type full | |
| 2024-08-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-29 | AA | accounts | Accounts with accounts type full | |
| 2023-08-07 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-10-07 | AA | accounts | Accounts with accounts type full | |
| 2022-08-02 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-10-08 | AA | accounts | Accounts with accounts type full | |
| 2021-08-11 | CH01 | officers | Change person director company with change date | |
| 2021-08-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2020-12-17 | AA | accounts | Accounts with accounts type full | |
| 2020-08-12 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2020-03-30 | AP01 | officers | Appoint person director company with name date | |
| 2020-03-27 | TM01 | officers | Termination director company with name termination date | |
| 2019-09-20 | AA | accounts | Accounts with accounts type full | |
| 2019-08-12 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2019-01-07 | TM01 | officers | Termination director company with name termination date | |
| 2019-01-07 | AP01 | officers | Appoint person director company with name date | |
| 2018-09-20 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.