CHANDLERS (FARM EQUIPMENT) LIMITED

1. CHANDLERS (FARM EQUIPMENT) LIMITED 2014-12-05 → present
2. PELL (HOLDINGS) LIMITED 1983-03-23 → 2014-12-05
3. PUMAWAY LIMITED 1982-12-03 → 1983-03-23

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

Consolidated group

Auditor

PKF Smith Cooper Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In preparing the financial statements on a going concern basis, the directors have paid due regard to relevant forecast financial information including cash flows. The directors have also considered the challenges of the agricultural sector and uncertainty in the UK economy in general, including but not limited to inflation levels, wage rises and higher interest rates, and more recently a change in government. Notwithstanding many prevailing factors, the directors consider the Group to be in a strong position to withstand economic pressures and changes in the market, not least due to its positive relationships with its various stakeholders, the debt facility levels it has secured and if necessary, availability for further funding. In the directors' opinion, the Group is a going concern for a minimum of twelve months from the date of the approval of the financial statements.”

Group structure

1. CHANDLERS (FARM EQUIPMENT) LIMITED · parent
   1. Pell of Belton Limited 100% · England · Dormant
   2. Chandlers of Grantham Limited 100% · England · Dormant
   3. Chandlers (Farm Vehicles) Limited 100% · England · Motor vehicle, agricultural and horticultural distributors and engineers, and operation of country stores
   4. Chandlers (Mechanised Farming) Limited 100% · England · Motor vehicle, agricultural and horticultural distributors and engineers, and operation of country stores

Significant events

• “The substantial increase in the cost of funding through worldwide increases in central bank interest rates in recent years and its knock on effect on both our own running costs as well as capital investment plans of our customers is a significant risk factor to our business.”

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

3

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

  -4.1%

  £184,896,000 → £177,248,000

• Cash

  -87.7%

  £106,000 → £13,000

  lowest in 5 filed years

• Net assets

  +3.3%

  £28,472,000 → £29,411,000

• Employees

  +1.1%

  449 → 454

  highest in 5 filed years

• Operating profit

  -27.2%

  £4,894,000 → £3,564,000

• Profit before tax

  -58.5%

  £3,309,000 → £1,372,000

• Wages

  +3%

  £16,181,000 → £16,671,000

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