FARR VINTNERS LIMITED

1. FARR VINTNERS LIMITED 1978-12-31 → present
2. SAXONLANDS LIMITED 1978-10-10 → 1978-12-31

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

Kevin J Rhind

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“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

1. FARR VINTNERS LIMITED · parent
   1. Magnum Fine Wines limited 100% · England · Dormant
   2. Farr Vintners (Asia) Limited 75% · Hong Kong · Sales, logistics support and Marketing

Significant events

• “Incredibly tough market conditions during the year, including the continuing global economic and political uncertainty, the imposition of tariffs by the US Government and the ongoing conflicts in the Middle East and Ukraine, the company achieved turnover of over £52.8m, which whilst a substantial fall over 2024 was a strong performance.”
• “The Profit and Loss Account shows that the profit for the period after tax was £2,192,446, which was a decrease on the year ended 31 December 2024: £2,593,778, which was purely down to the continuing fall in demand and uncertainty over how long prices would continue to fall.”
• “Sales of physically available wines and spirits were down just over 14%, which in view of the continuing very difficult trading conditions, the Directors believe to be a strong performance, achieved by hard work and the expertise of our sales team.”
• “The re-purchasing of wine from our own customers is an ever increasing and important part of our business. The size of our Customer Reserves - which we have built up over the last 40 years - sets Farr Vintners apart from many more recently established wine merchants.”
• “Demand from the Far East, where Farr Vintners maintains a strong presence, and Europe remained good during the year, although obviously lower than in previous years due to the market conditions.”
• “Our sales to the US were obviously hit by the imposition of tariffs, but did not fall as sharply as was predicted by the industry as we remained committed to supporting our customers there and believe that this market will pick up in the coming years.”

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

Filings

9

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

  -13%

  £60,657,445 → £52,759,607

• Cash

  -0.1%

  £11,348,436 → £11,331,817

• Net assets

  -11.6%

  £20,669,195 → £18,280,146

• Employees

  0%

  24 → 24

• Operating profit

  -12.2%

  £3,060,087 → £2,686,335

• Profit before tax

  -15.6%

  £3,475,951 → £2,935,125

• Wages

  -5.8%

  £2,367,082 → £2,229,200

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