AVON FREIGHT GROUP LIMITED

1. AVON FREIGHT GROUP LIMITED 2005-06-23 → present
2. AVON GROUPAGE LIMITED 1982-05-25 → 2005-06-23

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

Francis & Co

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.”

Significant events

• “August 2024 will see the implementation of a new Transport Management system following investment in a new software platform, called Qargo, which we believe will bring significant efficiencies, service improvements and subsequent cost savings to the business in the new financial year.”
• “The new Board which was formed following our MBO style acquisition in November 2022 have settled well into their roles and are having a positive impact on the business, along with the assistance and support of a newly promoted Senior Management team, and an increased Sales team who are securing additional new business.”

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

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

0

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

  +1.2%

  £17,860,298 → £18,070,748

• Cash

  -45.5%

  £1,850,166 → £1,008,190

• Net assets

  -14.9%

  £6,441,221 → £5,483,190

• Employees

  +7.8%

  116 → 125

• Operating profit

  -1.5%

  £2,852,195 → £2,809,096

• Profit before tax

  -0.5%

  £2,838,659 → £2,824,780

• Wages

  +2%

  £4,156,146 → £4,237,262

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