FURROWS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-09-16 (in 4mo)
Last made up 2025-09-02
Watchouts
Cash
£799K
-59.3% vs 2023
Net assets
£12M
+21.9% highest in 6 filed years
Employees
277
-1.4% vs 2023
Profit before tax
£3M
+2.4% highest in 6 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
2 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
10-year trend · vs Consumer Discretionary median
Accounts
10-year trend · latest reflected 2024-12-31
| Metric | Trend | 2019-12-31 | 2020-01-01 | 2020-12-31 | 2021-01-01 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | £104,107,570 | — | £79,949,939 | — | £88,065,991 | — | £97,267,487 | — | £111,964,960 | £110,904,249 | |
| Operating profit | £496,398 | — | £741,428 | — | £2,449,184 | — | £2,558,012 | — | £2,842,795 | £2,784,673 | |
| Profit before tax | £232,080 | — | £344,197 | — | £2,248,038 | — | £2,343,746 | — | £2,520,286 | £2,580,212 | |
| Net profit | £158,148 | — | £463,822 | — | £1,876,118 | — | £1,858,965 | — | £1,919,544 | £1,941,597 | |
| Cash | £566,262 | — | £508,005 | — | £520,104 | — | £2,434,028 | — | £1,961,848 | £799,006 | |
| Total assets less current liabilities | £7,960,700 | — | £8,774,183 | — | £8,835,875 | — | £10,275,244 | — | £11,871,260 | £13,493,348 | |
| Net assets | — | — | — | — | — | — | — | — | £9,925,390 | £12,098,737 | |
| Equity | £2,984,081 | £2,984,081 | £2,902,713 | £2,902,713 | £6,191,881 | £6,191,881 | £7,980,346 | £7,980,346 | £9,925,390 | £12,098,737 | |
| Average employees | 295 | — | 317 | — | 276 | — | 278 | — | 281 | 277 | |
| Wages | £7,168,381 | — | £6,928,171 | — | £6,775,923 | — | £7,475,398 | — | £7,990,829 | £8,116,673 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-12-31 | 2020-01-01 | 2020-12-31 | 2021-01-01 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | 0.5% | — | 0.9% | — | 2.8% | — | 2.6% | — | 2.5% | 2.5% | |
| Net margin | 0.2% | — | 0.6% | — | 2.1% | — | 1.9% | — | 1.7% | 1.8% | |
| Return on capital employed | 6.2% | — | 8.5% | — | 27.7% | — | 24.9% | — | 23.9% | 20.6% | |
| Gearing (liabilities / total assets) | — | — | — | — | — | — | — | — | 68.4% | 66.1% | |
| Current ratio | — | — | — | — | — | — | — | — | 1.58x | 1.49x | |
| Interest cover | 2.86x | — | 2.14x | — | 16.21x | — | 13.98x | — | 9.12x | 11.11x |
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
- WR Partners
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors consider that the Company is well positioned and have reasonable expectations that it has adequate resources to continue in operational existence for the foreseeable future. The Company therefore continues to adopt the going concern basis in preparing its financial statements.”
Significant events
- “On 24 March 2025 the company's defined benefit pension obligations were transferred to the parent company, Furrows Holdings Limited.”
- “On 2 April 2025 the Company exited the Furrows Holdings Limited group by way of a capital reduction demerger.”
- “On 3 April 2025, 75% of the controlling interest of the Tradecow2024 group was transferred to the Furrows Group Employee Ownership Trust.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 16 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BURGESS, Neil | Secretary | 2020-10-01 | — | — |
| BURGESS, Neil Jonathan | Director | 2022-01-02 | Dec 1967 | British |
| COWARD, Nic | Director | 2016-04-30 | Feb 1966 | English |
| DOWNEY, Wayne Edward | Director | 2018-10-22 | Feb 1968 | British |
| FARTHING, David Charles | Director | 2016-02-04 | Jan 1966 | British |
| FROST, Anthony | Director | 2022-01-02 | Jun 1972 | English |
Show 16 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GILES, Faye Louise | Secretary | 2017-09-29 | 2020-09-30 |
| MOIR, Ian James | Secretary | 2000-04-13 | 2004-10-08 |
| MOIR, Ian James | Secretary | — | 1997-12-18 |
| STANTON, Keith Richard | Secretary | 2004-10-07 | 2017-09-29 |
| YAXLEY, Christopher William | Secretary | 1997-12-19 | 2000-04-13 |
| BENNETT, John Thomas | Director | — | 1999-01-31 |
| COOPER, William John | Director | 1998-12-10 | 2014-07-31 |
| COWARD, Arthur John | Director | — | 2016-04-25 |
| COWARD, Beryl Jane | Director | 2000-07-11 | 2022-01-04 |
| EDWARDS, William David | Director | 1994-01-31 | 2009-04-30 |
| FRY, Frederick Charles Gatcombe | Director | — | 1998-09-04 |
| GRIFFITHS, Roger | Director | 1999-01-31 | 1999-04-01 |
| MOIR, Ian James | Director | — | 1997-12-18 |
| OWEN, Alec Stanley | Director | — | 1999-01-31 |
| SMITH, Russell George | Director | 2016-02-04 | 2018-11-30 |
| YAXLEY, Christopher William | Director | 1997-12-19 | 2000-04-13 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Tradecow2024 Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2025-04-02 | Active |
| Propcow2024 Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2025-04-01 | Ceased 2025-04-02 |
| Furrows Holdings Limited | Corporate entity | Shares 75–100% | 2017-11-01 | Ceased 2025-04-01 |
| Mr Nic Coward | Individual | Shares 25–50% | 2016-06-30 | Ceased 2017-11-01 |
Filing timeline
Last 20 of 185 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-04-17 RESOLUTIONS Resolution
- 2025-04-17 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-09-24 | AA | accounts | Accounts with accounts type full | |
| 2025-09-23 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-04-17 | RESOLUTIONS | resolution | Resolution | |
| 2025-04-17 | MA | incorporation | Memorandum articles | |
| 2025-04-07 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-04-02 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-04-02 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-04-01 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-04-01 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-03-17 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-09-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-08 | AA | accounts | Accounts with accounts type full | |
| 2023-09-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-11 | AA | accounts | Accounts with accounts type full | |
| 2022-10-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-11 | AA | accounts | Accounts with accounts type full | |
| 2022-01-17 | TM01 | officers | Termination director company with name termination date | |
| 2022-01-17 | CH01 | officers | Change person director company with change date | |
| 2022-01-06 | AP01 | officers | Appoint person director company with name date | |
| 2022-01-06 | AP01 | officers | Appoint person director company with name date |
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.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-0.9%
£111,964,960 £110,904,249
-
Cash
-59.3%
£1,961,848 £799,006
-
Net assets
+21.9%
£9,925,390 £12,098,737
-
Employees
-1.4%
281 277
-
Operating profit
-2%
£2,842,795 £2,784,673
-
Profit before tax
+2.4%
£2,520,286 £2,580,212
highest in 6 filed years
-
Wages
+1.6%
£7,990,829 £8,116,673
highest in 6 filed years
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers