SPEARHEAD MACHINERY LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-04-27 (in 11mo)
Last made up 2026-04-13
Watchouts
None on the register
Cash
£1M
+35.9% vs 2023
Net assets
£8M
+29.9% highest in 4 filed years
Employees
12
0% vs 2023
Profit before tax
£2M
-7.1% vs 2023
Name history
Renamed 1 time since incorporation
- SPEARHEAD MACHINERY LIMITED 1989-03-29 → present
- TIMESHIRE FORWARDING LIMITED 1988-11-04 → 1989-03-29
Net assets
4-year trend · vs Consumer Discretionary median
Accounts
4-year trend · latest reflected 2024-12-31
| Metric | Trend | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Turnover | £10,622,000 | — | £16,485,000 | £16,540,000 | |
| Operating profit | £818,000 | — | £2,446,000 | £2,275,000 | |
| Profit before tax | £818,000 | £1,380,000 | £2,448,000 | £2,275,000 | |
| Net profit | £657,000 | £1,122,000 | £1,873,000 | £1,740,000 | |
| Cash | £1,463,000 | £853,000 | £786,000 | £1,068,000 | |
| Total assets less current liabilities | £2,918,000 | £4,067,000 | £5,973,000 | £7,679,000 | |
| Net assets | £2,831,000 | £3,953,000 | £5,826,000 | £7,566,000 | |
| Equity | £2,831,000 | £3,953,000 | £5,826,000 | £7,566,000 | |
| Average employees | 12 | 12 | 12 | 12 | |
| Wages | £530,000 | £588,000 | £585,000 | £620,000 |
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 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Operating margin | 7.7% | — | 14.8% | 13.8% | |
| Net margin | 6.2% | — | 11.4% | 10.5% | |
| Return on capital employed | 28.0% | — | 41.0% | 29.6% | |
| Current ratio | — | — | 10.69x | 11.06x |
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)
- Auditor
- Ormerod Rutter Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have concluded it is appropriate that the financial statements have been prepared on a going concern basis. Please refer to the going concern basis of preparation disclosure in note 1 for further details.”
Significant events
- “The company's turnover increased by 0.3% and profits decreased by 7.1%.”
- “Shareholder's funds increased by 30% due to profits realised in the year.”
- “The principal activity of the company in the year under review was that of the design and marketing of agricultural and industrial machinery.”
- “The company is committed to continuing the development of new products within the vegetation cutting and control sector.”
- “During the year there have been business update presentations, staff intranet articles, new joiner inductions, offsite and online training modules.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CLEUGH, Damien, Dr | Director | 2025-03-31 | Nov 1976 | British |
| HEMINGWAY, Wayne Stephen | Director | 2022-02-01 | Aug 1974 | British |
| RABORN, Richard Hodges | Director | 2019-10-25 | Jan 1966 | American |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HEMINGWAY, Wayne Stephen | Secretary | 2022-02-01 | 2026-04-28 |
| LOLE, Samantha Kate | Secretary | — | 2005-02-14 |
| MADDEN, Edward Timothy | Secretary | 2005-02-14 | 2022-01-19 |
| DAVIES, Christian John Lee | Director | 2019-10-25 | 2025-03-31 |
| DAVIES OBE, Geoffrey | Director | 2005-02-14 | 2019-10-25 |
| LEWIS, Frank Edward James | Director | — | 1993-03-29 |
| LOLE, Christopher Martin | Director | — | 2005-02-14 |
| LOLE, Samantha Kate | Director | 1993-04-26 | 2005-02-14 |
| MADDEN, Edward Timothy | Director | 2005-02-14 | 2022-01-19 |
| MCLAREN, Edward Andrew | Director | 2000-03-27 | 2005-02-14 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Alamo Group Europe Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 133 total filings
Material constitutional events — rename, articles re-file, resolution
- 2021-07-08 RESOLUTIONS Resolution
- 2021-07-08 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-28 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-04-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-29 | AA | accounts | Accounts with accounts type full | |
| 2025-04-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-03 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-03 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-13 | AA | accounts | Accounts with accounts type full | |
| 2024-04-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-27 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-07-03 | AA | accounts | Accounts with accounts type full | |
| 2023-04-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-05 | AA | accounts | Accounts with accounts type full | |
| 2022-05-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-02-01 | TM01 | officers | Termination director company with name termination date | |
| 2022-02-01 | AP03 | officers | Appoint person secretary company with name date | |
| 2022-02-01 | TM02 | officers | Termination secretary company with name termination date | |
| 2022-02-01 | AP01 | officers | Appoint person director company with name date | |
| 2021-10-07 | AA | accounts | Accounts with accounts type full | |
| 2021-07-08 | RESOLUTIONS | resolution | Resolution | |
| 2021-07-08 | RESOLUTIONS | resolution | Resolution |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
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
+0.3%
£16,485,000 £16,540,000
-
Cash
+35.9%
£786,000 £1,068,000
-
Net assets
+29.9%
£5,826,000 £7,566,000
highest in 4 filed years
-
Employees
0%
12 12
-
Operating profit
-7%
£2,446,000 £2,275,000
-
Profit before tax
-7.1%
£2,448,000 £2,275,000
-
Wages
+6%
£585,000 £620,000
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