PEARCE SEEDS (HOLDINGS) LIMITED

1. PEARCE SEEDS (HOLDINGS) LIMITED 2012-12-11 → present
2. PEARCE SEEDS LIMITED 1977-10-28 → 2012-12-11

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

Consolidated group

Auditor

Old Mill 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 group's and parent 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.”

Significant events

• “Due to sustained wet weather early in the year, sales in early spring of 2024 were less than budgeted particularly in agrochemical sales which are the main drivers of margin within the business. These sales did pick up later in the spring but remained overall lower than expected for the first half of the year;”
• “Given our growth strategy we have recently invested substantially in our logistics capability with the completion of a new warehouse in late 2023 and the near doubling of our distribution fleet in the last 18 months. This has added significant cost onto the business which we had hoped to offset with contracted warehousing work and paid haulage work.”
• “Sales for 2025 are expected to grow again as we have two more salespeople starting early in the year. Our external logistics work is on track to offset our warehouse and fleet running costs, with a number of contracts already in place.”

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

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  +0.3%

  £21,565,584 → £21,622,446

• Cash

  -70.1%

  £56,754 → £16,963

• Net assets

  -57.3%

  £204,127 → £87,152

• Employees

  +2.3%

  44 → 45

• Operating profit

  +12.5%

  £870,842 → £979,278

• Profit before tax

  -15.3%

  £596,818 → £505,581

• Wages

  +7.8%

  £1,766,385 → £1,904,131

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