SERVICES MACHINERY & TRUCKS LTD
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Cash
£1.8M
+54.9% highest in 3 filed years
Net assets
£52M
+6.1% highest in 3 filed years
Employees
490
-3.5% lowest in 3 filed years
Profit before tax
£4.8M
+18.2% vs 2024
Net assets
3-year trend · vs Consumer Discretionary 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 | £369,587,000 | £287,797,000 | £303,644,000 | +5.5% | |
| Operating profit | £17,018,000 | £8,157,000 | £9,208,000 | +12.9% | |
| Profit before tax | £12,344,000 | £4,019,000 | £4,750,000 | +18.2% | |
| Net profit | £9,641,000 | £3,715,000 | £3,001,000 | -19.2% | |
| Cash | £1,742,000 | £1,168,000 | £1,809,000 | +54.9% | |
| Total assets less current liabilities | £103,649,000 | £100,458,000 | £101,216,000 | +0.8% | |
| Net assets | £45,404,000 | £49,119,000 | £52,120,000 | +6.1% | |
| Equity | £45,404,000 | £49,119,000 | £52,120,000 | +6.1% | |
| Average employees | 503 | 508 | 490 | -3.5% | |
| Wages | £25,486,000 | £25,383,000 | £24,961,000 | -1.7% | |
| Directors' remuneration | £585,000 | £578,000 | £504,000 | -12.8% |
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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 4.6% | 2.8% | 3.0% | |
| Net margin | 2.6% | 1.3% | 1.0% | |
| Return on capital employed | 16.4% | 8.1% | 9.1% | |
| Gearing (liabilities / total assets) | 67.9% | 71.2% | 68.3% | |
| Current ratio | 1.18x | 0.83x | 0.95x | |
| Interest cover | 3.64x | 1.86x | 1.66x |
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 101
- Reporting scope
- Standalone (parent only)
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors of the business have reviewed the Company's detailed forecast cash flows for the forthcoming 12 months from the date of the approval of the financial statements. These cash flow forecasts and re-forecasts are prepared regularly as part of the business planning process. These have been subjected to stress testing, scenario modelling and sensitivity analysis, which the directors consider sufficiently robust. In each scenario, the Company continues to have sufficient cash available to meet its working capital requirements via access to inventory floorplan financing and revolving credit facility. SMT Holding SA have provided a loan facility to support the Company with acquisitions, as disclosed in Note 21 to the financial statements, that they will not call upon for 12 months from date of signing. The Company therefore continues to adopt the going concern basis in preparing its financial statements.”
Group structure
- SERVICES MACHINERY & TRUCKS LTD · parent
- Agg Pro Ltd 100%
- Didcot Property (SMT) Ltd 100%
- Reginald Ltd 100%
Significant events
- “After the reporting date, on 12 January 2026, the Company acquired the entire issued share capital of SMT GB Tractors Ltd (formerly Kioti UK Ltd) from Pols Kinderen B.V., a fellow group undertaking. The acquisition has economic effect from 1 January 2026 for a net consideration of €605,184, being the agreed purchase price adjusted for net cash acquired. The assets of the acquired entity have been integrated into the Company from 1 April 2026. This represents a non-adjusting post balance sheet event.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ALLEN, Nicholas John | Director | 2017-08-31 | Nov 1966 | British |
| HUMPHREY, Paul David | Director | 2017-08-31 | Sep 1979 | British |
| EERO | Corporate Director | 2021-11-06 | — | — |
| ODJA | Corporate Director | 2019-02-07 | — | — |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BARIOZ, Jerome Francois Henri | Director | 2017-06-16 | 2021-11-06 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Hera Fp | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors (as firm), Significant influence (as firm) | 2022-12-29 | Ceased 2023-09-18 |
| Mr Georges-Albert Dal | Individual | Significant influence (as trust) | 2022-12-29 | Active |
| Mr Matthieu Bocquet | Individual | Significant influence (as trust) | 2022-12-29 | Active |
| Mr Patrick De Wolf | Individual | Significant influence (as trust) | 2022-12-22 | Active |
| Mr Philippe Charles De Moerloose | Individual | Shares 75–100%, Voting 75–100% | 2017-06-16 | Ceased 2022-12-29 |
Filing timeline
Last 20 of 55 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-06-18 | AA | accounts | Accounts with accounts type full | |
| 2025-08-22 | AA | accounts | Accounts with accounts type full | |
| 2025-07-08 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-06-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-02 | MR05 | mortgage | Mortgage charge part release with charge number | |
| 2025-05-02 | MR05 | mortgage | Mortgage charge part release with charge number | |
| 2024-08-06 | AA | accounts | Accounts with accounts type full | |
| 2024-06-20 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-06-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-27 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-02-27 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-02-27 | CH02 | officers | Change corporate director company with change date | |
| 2023-10-06 | AA | accounts | Accounts with accounts type full | |
| 2023-09-18 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-08-10 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-08-10 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-08-10 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-07-04 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-06-26 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.