FREDERIC SMART & SON LIMITED
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Next accounts due
2027-02-28 (in 9mo)
Last filed for 2025-05-30
Confirmation statement due
2026-09-05 (in 4mo)
Last made up 2025-08-22
Watchouts
None on the register
Cash
£4M
-17.2% vs 2024
Net assets
£15M
+3.4% highest in 6 filed years
Employees
87
-9.4% vs 2024
Profit before tax
£823K
-66.5% lowest in 4 filed years
Net assets
10-year trend · vs Consumer Discretionary median
Accounts
10-year trend · latest reflected 2025-05-30
| Metric | Trend | 2020-05-31 | 2020-06-01 | 2021-05-31 | 2021-06-01 | 2022-05-31 | 2022-06-01 | 2023-05-31 | 2023-06-01 | 2024-05-31 | 2025-05-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | £35,430,391 | — | £34,094,668 | — | — | — | — | — | £45,535,465 | £39,527,748 | |
| Operating profit | £1,128,830 | — | £1,522,329 | — | — | — | — | — | £2,374,117 | £674,187 | |
| Profit before tax | £1,072,771 | — | £1,478,680 | — | — | — | — | — | £2,455,311 | £823,491 | |
| Net profit | £853,361 | — | £1,197,714 | — | £1,658,982 | — | £1,858,021 | — | £1,853,170 | £581,881 | |
| Cash | £3,044,600 | £3,044,600 | £3,789,699 | — | £5,561,656 | — | £4,313,478 | — | £5,339,589 | £4,419,824 | |
| Total assets less current liabilities | £10,924,076 | — | £11,837,070 | — | £13,209,931 | — | £13,451,175 | — | £15,561,806 | £15,638,890 | |
| Net assets | £8,064,421 | — | £9,163,998 | — | — | — | — | — | £14,211,054 | £14,694,798 | |
| Equity | £8,064,421 | £8,064,421 | £9,163,998 | £9,163,998 | £10,675,774 | £10,675,774 | £12,435,658 | £12,435,658 | £14,211,054 | £14,694,798 | |
| Average employees | 30 | — | 31 | — | 31 | — | 32 | — | 96 | 87 | |
| Wages | £1,014,452 | — | £1,079,945 | — | — | — | — | — | £3,179,629 | £3,173,621 |
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 | 2020-05-31 | 2020-06-01 | 2021-05-31 | 2021-06-01 | 2022-05-31 | 2022-06-01 | 2023-05-31 | 2023-06-01 | 2024-05-31 | 2025-05-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | 3.2% | — | 4.5% | — | — | — | — | — | 5.2% | 1.7% | |
| Net margin | 2.4% | — | 3.5% | — | — | — | — | — | 4.1% | 1.5% | |
| Return on capital employed | 10.3% | — | 12.9% | — | — | — | — | — | 15.3% | 4.3% | |
| Current ratio | — | — | — | — | — | — | — | — | 2.20x | 2.27x | |
| Interest cover | 16.25x | — | 33.54x | — | — | — | — | — | 33.32x | 20.68x |
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
- Consolidated group
- Auditor
- PEM Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on their review the Directors have a reasonable expectation that the Group and the Company will continue to trade and have sufficient funds to meet their liabilities as they fall due for the foreseeable future, being at least 12 months from the date of approval of these financial statements. This expectation is arrived at following consideration of the future development, performance, cash flows and financial position along with the current and forecast liquidity. The Directors monitor the cash position of the Group and the Company regularly, taking account of the current trading, they consider that the assumptions made are appropriate and are satisfied.”
Group structure
- FREDERIC SMART & SON LIMITED · parent
- R J Edwards & Sons Limited 100%
- Frederic Smart Shipping Limited 100%
Significant events
- “The demerger of the Group's logistics activities into Frederic Smart Logistics Limited on 31 May 2025 will enable the Board of Directors to refocus its ongoing investment and development plans across both areas of the business.”
- “On 31 May 2025, the Company entered into a Business and Asset Transfer Agreement with Frederic Smart Logistics Limited, a newly incorporated company under common ownership. Under the terms of the agreement, the Company transferred its logistics business and associated assets to Frederic Smart Logistics Limited as a distribution in specie. The consideration for the transfer was satisfied by the issue of Ordinary shares in Frederic Smart Logistics Limited directly to the shareholders of the Company, in proportion to their existing shareholdings.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SMART, Douglas Norman | Secretary | 1996-07-01 | — | British |
| JENKINS, David Blenyth | Director | 2022-09-01 | Mar 1966 | British |
| SMART, Douglas Norman | Director | 1996-07-01 | Jan 1968 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| SMART, Frederic Thomas Andrew | Secretary | — | 1996-07-01 |
| MARSH, Gordon Alexander | Director | — | 1996-07-01 |
| SMART, Frederic Thomas Andrew | Director | — | 2021-07-06 |
| SMART, Frederic Thomas | Director | — | 1999-01-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Douglas Norman Smart | Individual | Shares 75–100% | 2016-06-30 | Active |
Filing timeline
Last 20 of 121 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-16 | AA | accounts | Accounts with accounts type group | |
| 2025-08-27 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-05-30 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-05-30 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-05-30 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-10-16 | AA | accounts | Accounts with accounts type group | |
| 2024-08-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-10 | AA | accounts | Accounts with accounts type group | |
| 2023-08-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-27 | AP01 | officers | Appoint person director company with name date | |
| 2022-09-21 | AA | accounts | Accounts with accounts type full | |
| 2022-08-29 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-12-15 | AA | accounts | Accounts with accounts type full | |
| 2021-09-14 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-09-02 | TM01 | officers | Termination director company with name termination date | |
| 2020-12-04 | AA | accounts | Accounts with accounts type full | |
| 2020-08-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-12-03 | AA | accounts | Accounts with accounts type full | |
| 2019-08-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2018-12-17 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- 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
FY2024 → FY2025 · period ending 2025-05-30 vs 2024-05-31
-
Turnover
-13.2%
£45,535,465 £39,527,748
-
Cash
-17.2%
£5,339,589 £4,419,824
-
Net assets
+3.4%
£14,211,054 £14,694,798
highest in 4 filed years
-
Employees
-9.4%
96 87
-
Operating profit
-71.6%
£2,374,117 £674,187
lowest in 4 filed years
-
Profit before tax
-66.5%
£2,455,311 £823,491
lowest in 4 filed years
-
Wages
-0.2%
£3,179,629 £3,173,621
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