FARREL LIMITED

1. FARREL LIMITED 1988-06-03 → present
2. FARREL BRIDGE LIMITED 1986-05-15 → 1988-06-03
3. COURTCOURT LIMITED 1985-06-14 → 1986-05-15

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

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. In making their assessment, the directors have prepared forecasts through to 30 June 2026 and have assessed the liquidity requirements of the Company. Thus they continue to adopt the going concern basis of accounting in preparing the accounts.”

Significant events

• “Sales were 0.6% higher than the full year budget but were 11.8% lower than the prior year actuals.”
• “Inventory levels are 28.4% higher than 2023, with WIP up by 53.7% and a decrease of 2.9% in raw materials.”
• “Trade debtors have reduced by 46.7% compared to the prior year, with this being driven by the volume of year-end shipments, but also a significant improvement in credit control and recoverability.”
• “The global demand for tyres is expected to increase for the foreseeable future with growth being driven by the rising demand for vehicles and increased urbanisation.”

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

  -11.8%

  £44,543,443 → £39,308,343

• Cash

  -53.1%

  £2,170,239 → £1,018,265

• Net assets

  +5.3%

  £16,179,491 → £17,030,569

• Employees

  +4.2%

  167 → 174

• Operating profit

  +75.1%

  £2,006,300 → £3,512,942

• Profit before tax

  +94.5%

  £1,713,231 → £3,332,096

• Wages

  +8%

  £7,886,024 → £8,520,416

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers