YEARNTREE LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-01-11 (in 8mo)
Last made up 2025-12-28
Watchouts
None on the register
Cash
£513K
-30.4% vs 2023
Net assets
£4M
+8.3% vs 2023
Employees
23
-8% lowest in 4 filed years
Profit before tax
£290K
+19.3% highest in 4 filed years
Net assets
7-year trend · vs Basic Materials median
Accounts
7-year trend · latest reflected 2024-12-31
| Metric | Trend | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | £4,662,727 | — | £4,585,312 | £4,459,911 | |
| Operating profit | — | — | — | -£142,967 | — | £346,991 | £375,386 | |
| Profit before tax | — | — | — | -£184,290 | -£103,833 | £242,908 | £289,727 | |
| Net profit | — | — | — | -£184,290 | -£86,418 | £264,801 | £297,566 | |
| Cash | — | — | — | £296,406 | £240,302 | £738,047 | £513,336 | |
| Total assets less current liabilities | — | — | — | £6,287,384 | £6,032,702 | £5,534,180 | £3,902,853 | |
| Net assets | — | — | — | £3,954,707 | £3,883,691 | £3,568,492 | £3,866,058 | |
| Equity | £2,183,415 | £2,384,810 | £3,282,292 | £3,954,707 | £3,883,691 | £3,568,492 | £3,866,058 | |
| Average employees | — | — | — | 31 | 27 | 25 | 23 | |
| Wages | — | — | — | — | — | — | — |
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 | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | -3.1% | — | 7.6% | 8.4% | |
| Net margin | — | — | — | -4.0% | — | 5.8% | 6.7% | |
| Return on capital employed | — | — | — | -2.3% | — | 6.3% | 9.6% | |
| Gearing (liabilities / total assets) | — | — | — | — | — | 48.7% | 42.7% | |
| Current ratio | — | — | — | — | — | 2.66x | 1.28x | |
| Interest cover | — | — | — | -2.63x | — | 2.50x | 3.61x |
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)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- Azets Audit Services
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have concluded that the company is a going concern, and the financial statements are prepared accordingly. Their assessment involved a review of the annual budget, projected future cash flows, and market risks. While the company faces a risk of declining post-year-end volumes and profitability due to aggressive price-based competition from Chinese manufacturers, management is confident it has the necessary resources and capabilities to navigate these challenges and sustain sufficient cash flows to cover liabilities when they become payable.”
Significant events
- “A security interest charge was created over the company's rights in any intellectual property and vehicles dated 18 October 2024.”
- “Legal Charge dated 30 April 2021 over the property known as Units 6-8 Queensway Meadow Industrial Estate, Newport, NP19 4SP was satisfied on 21 October 2024.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 17 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PRICE, Adrian Mark | Secretary | 2025-01-30 | — | — |
| BROADBIN, III, George James | Director | 2024-10-18 | Mar 1988 | American |
| KIEFABER, Clay Huston | Director | 2024-10-18 | Sep 1955 | American |
| MAYES, Adrian | Director | 2024-11-14 | Oct 1962 | British |
| MCNULTY, JR., Martin Doyle | Director | 2024-10-18 | Jan 1978 | American |
Show 17 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| EVANS, David Nigel | Secretary | 2002-04-19 | 2003-01-20 |
| HAYWARD, Ann | Secretary | — | 2002-04-19 |
| JONES, Robert David | Secretary | 2005-05-09 | 2022-06-30 |
| POWELL, Jon | Secretary | 2003-01-20 | 2004-06-15 |
| PRICE, Adrian Mark | Secretary | 2022-07-01 | 2024-10-18 |
| WELSH, David John | Secretary | 2004-06-15 | 2004-10-08 |
| CARLSON, Colin | Director | — | 2002-05-17 |
| EVANS, David Nigel | Director | 2002-04-19 | 2020-01-31 |
| FLYNN, Robert Carroll | Director | 2018-09-24 | 2021-03-15 |
| HAYWARD, Ann | Director | 1994-11-01 | 2002-05-31 |
| HAYWARD, Keith | Director | — | 2002-08-16 |
| MALLOY, John David | Director | 2017-12-06 | 2019-04-05 |
| MAYES, Adrian | Director | 2020-03-13 | 2024-10-18 |
| PEISER, Brian Lawrence | Director | 2017-12-06 | 2024-10-18 |
| PLISKA, Ross | Director | 2021-06-22 | 2024-10-18 |
| THOMPSON, Paul Anthony | Director | 2017-12-06 | 2018-09-26 |
| TOLMIE, David Mceachern | Director | 2017-12-06 | 2024-10-18 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Acacia Research Corporation | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-10-18 | Active |
| Deflecto Llc | Corporate entity | Shares 75–100% | 2016-04-06 | Ceased 2016-04-06 |
Filing timeline
Last 20 of 155 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-30 | AA | accounts | Accounts with accounts type full | |
| 2025-01-30 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-01-16 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-01-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-18 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-23 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-10-23 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2024-10-22 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-22 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-22 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-22 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-10-22 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-22 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-22 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-22 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-21 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-10-21 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-10-10 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2024-10-10 | PSC07 | persons-with-significant-control | Cessation of a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-2.7%
£4,585,312 £4,459,911
lowest in 3 filed years
-
Cash
-30.4%
£738,047 £513,336
-
Net assets
+8.3%
£3,568,492 £3,866,058
-
Employees
-8%
25 23
lowest in 4 filed years
-
Operating profit
+8.2%
£346,991 £375,386
highest in 3 filed years
-
Profit before tax
+19.3%
£242,908 £289,727
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