MICHAEL SPIERS (JEWELLERS) LIMITED

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Next accounts due

2026-12-31 (in 7mo)

Last filed for 2025-03-31

Confirmation statement due

2027-02-09 (in 9mo)

Last made up 2026-01-26

Watchouts

None on the register

Cash

£56K

-85.8% lowest in 6 filed years

Net assets

£16M

+13.5% highest in 4 filed years

Employees

+1.5% highest in 4 filed years

Profit before tax

£3M

-20.6% lowest in 4 filed years

Net assets

8-year trend · vs Consumer Discretionary median

MICHAEL SPIERS (JEWELLERS) LIMITED·Consumer Discretionary median · n=2305

Accounts

8-year trend · latest reflected 2025-03-31

Metric	2020-03-31	2021-03-31	2022-03-31	2022-04-01	2023-03-31	2023-04-01	2024-03-31	2025-03-31
Turnover	—	—	£24,603,075	—	£26,500,211	—	£28,748,130	£33,744,372
Operating profit	—	—	£3,487,318	—	£3,243,116	—	£3,527,169	£2,834,797
Profit before tax	—	—	£3,468,637	—	£3,219,131	—	£3,472,616	£2,756,041
Net profit	—	—	£2,696,247	—	£2,532,408	—	£2,550,374	£1,947,050
Cash	—	—	£2,877,290	£2,877,290	£2,960,975	£2,960,975	£394,369	£56,080
Total assets less current liabilities	—	—	£10,886,521	—	£12,805,282	—	£15,884,360	£18,197,226
Net assets	—	—	£9,360,950	—	£11,893,358	—	£14,443,732	£16,390,782
Equity	£5,639,994	—	£9,360,950	£9,360,950	£11,893,358	£11,893,358	£14,443,732	£16,390,782
Average employees	—	—	59	—	60	—	67	68
Wages	—	—	£2,088,839	—	£2,093,343	—	£2,543,984	£2,509,327

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	2020-03-31	2021-03-31	2022-03-31	2022-04-01	2023-03-31	2023-04-01	2024-03-31	2025-03-31
Operating margin	—	—	14.2%	—	12.2%	—	12.3%	8.4%
Net margin	—	—	11.0%	—	9.6%	—	8.9%	5.8%
Return on capital employed	—	—	32.0%	—	25.3%	—	22.2%	15.6%
Gearing (liabilities / total assets)	—	—	—	—	—	—	32.1%	32.4%
Current ratio	—	—	—	—	—	—	2.99x	2.86x
Interest cover	—	—	186.68x	—	61.56x	—	32.28x	35.99x

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: Barnes Roffe Audit Limited
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. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

MICHAEL SPIERS (JEWELLERS) LIMITED · parent
1. Boarleigh Investment Co. Ltd 100% · England

Significant events

“Our newly expanded store in Exeter opened in September 2024 and has achieved a significant increase in sales.”
“After the year end, the company have taken out bank loans of £1,500,000.”

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

People

4 active · 5 resigned

Name	Role	Appointed	Born	Nationality
SPIERS, Adam Matheson	Director	1998-11-17	Aug 1966	British
SPIERS, Elizabeth Ann	Director	—	Sep 1940	British
WALKER, James	Director	2019-01-15	Feb 1969	British
WHITE, Rita	Director	—	Jan 1940	British

Show 5 resigned officers

Name	Role	Appointed	Resigned
WHITE, Keith Anthony	Secretary	—	2025-10-07
COX, Michael Goldwell	Director	—	2024-06-09
SPIERS, Michael Anthony	Director	—	1999-08-25
SPIERS, Stephen Richard	Director	—	2015-02-16
WHITE, Keith Anthony	Director	—	2025-10-07

Ownership

Persons with significant control

Name	Kind	Nature of control	Notified	Status
Mr Adam Matheson Spiers	Individual	Shares 25–50%, Voting 25–50%	2017-10-02	Active
The Estate Of Keith Anthony White	Individual	Significant influence	2016-04-06	Active
Mrs Elizabeth Ann Spiers	Individual	voting-rights-50-to-75-percent-as-trust, right-to-appoint-and-remove-directors-as-trust, significant-influence-or-control-as-trust	2016-04-06	Active
Mr Norman Schuman	Individual	Voting 50–75%, right-to-appoint-and-remove-directors-as-trust, significant-influence-or-control-as-trust	2016-04-06	Active
Mr Richard Hugh Galabin Michlemore	Individual	voting-rights-50-to-75-percent-as-trust, right-to-appoint-and-remove-directors-as-trust, significant-influence-or-control-as-trust	2016-04-06	Active

Filing timeline

Last 20 of 144 total filings

Date	Type	Category	Description
2026-05-07	PSC04	persons-with-significant-control	Change to a person with significant control	PDF
2026-05-01	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2025-12-29	AA	accounts	Accounts with accounts type full	PDF
2025-11-28	PSC04	persons-with-significant-control	Change to a person with significant control	PDF
2025-11-27	CH01	officers	Change person director company with change date	PDF
2025-11-27	CH01	officers	Change person director company with change date	PDF
2025-11-27	CH01	officers	Change person director company with change date	PDF
2025-10-14	TM01	officers	Termination director company with name termination date	PDF
2025-10-14	TM02	officers	Termination secretary company with name termination date	PDF
2025-05-15	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2024-12-23	AA	accounts	Accounts with accounts type full	PDF
2024-07-02	TM01	officers	Termination director company with name termination date	PDF
2024-04-24	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2023-12-21	AA	accounts	Accounts with accounts type full	PDF
2023-06-09	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2023-03-23	AA	accounts	Accounts with accounts type full	PDF
2023-03-20	PSC01	persons-with-significant-control	Notification of a person with significant control	PDF
2023-03-20	PSC01	persons-with-significant-control	Notification of a person with significant control	PDF
2023-03-20	PSC01	persons-with-significant-control	Notification of a person with significant control	PDF
2022-05-24	AA	accounts	Accounts with accounts type full

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings: 10
Capital events: 0
Officers appointed: 0
Officers resigned: 2

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

Year-on-year

FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31

Turnover

+17.4%

£28,748,130 £33,744,372

highest in 4 filed years
Cash

-85.8%

£394,369 £56,080

lowest in 6 filed years
Net assets

+13.5%

£14,443,732 £16,390,782

highest in 4 filed years
Employees

+1.5%

67 68

highest in 4 filed years
Operating profit

-19.6%

£3,527,169 £2,834,797

lowest in 4 filed years
Profit before tax

-20.6%

£3,472,616 £2,756,041

lowest in 4 filed years
Wages

-1.4%

£2,543,984 £2,509,327

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

Official Companies House page