BAILEY CARAVANS LIMITED

1. BAILEY CARAVANS LIMITED 1977-12-31 → present
2. RELIANCE TILING & MOSAIC COMPANY LIMITED 1939-06-26 → 1977-12-31

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

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Bishop Fleming LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“These financial statements have been prepared on a going concern basis. The directors have carefully considered the risks around going concern when preparing the accounts. Careful consideration has been taken with regard to market conditions, our expected market share and the retail trends of our dealers. The directors have satisfied themselves that the improving profit projections combined with the funding and available liquidity are sufficient to continue operating for 12 months from the signing of the accounts.”

Group structure

1. BAILEY CARAVANS LIMITED · parent
   1. Prima Leisure Limited 100% · UK · Selling of caravan parts and accessories

Significant events

• “The company specialises in the manufacture and distribution of caravans, motorhomes and campervans, Distribution is, primarily, via a network of third party owned and operated caravan, motorhome and campervan dealers.”
• “The motorhome market remained more resilient with growth of 38% in market retail, but at the same time production by manufacturers was higher than these retail levels, increasing stock held on dealer forecourts and therefore increasing pressure on dealer funding lines.”
• “The market and general economic background meant that we witnessed the largest number of retailer failures in memory, with 2 groups of multi-site retailers folding which stocked Bailey products, with numerous other retailer failures, where Bailey products were not stocked.”
• “From a product portfolio perspective the business launched 2 new caravans ranges (Unicorn Deluxe and Alicanto Deluxe) which are both towards the top end of the caravan portfolio as well as launching a refreshed Adamo (which had been in its current format for 4 years).”
• “In the year the business invested in 6 new Computer Numeric Control ('CNC') woodworking machines and an associated automated plywood storage system, which will increase the efficiency, accuracy and quality of our small panel shop.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -4.3%

  £150,771,769 → £144,293,802

• Cash

  -83.8%

  £5,677,772 → £917,227

• Net assets

  -24.6%

  £10,487,716 → £7,902,644

• Employees

  +12.6%

  517 → 582

  highest in 4 filed years

• Operating profit

  -151.3%

  £5,788,567 → -£2,970,119

  lowest in 4 filed years

• Profit before tax

  -160.4%

  £5,610,879 → -£3,388,888

  lowest in 4 filed years

• Wages

  +7.7%

  £21,270,509 → £22,902,590

  highest in 4 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