JCB HEAVY PRODUCTS LTD — The Accounts

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Next accounts due

2026-09-30 (in 4mo)

Last filed for 2024-12-31

Confirmation statement due

2026-07-01 (in 2mo)

Last made up 2025-06-17

Watchouts

None on the register

Cash

-£5M

-295.1% vs 2023

Net assets

-£45M

-29.1% vs 2023

Employees

410

-7.4% vs 2023

Profit before tax

-£10M

+19.8% vs 2023

Name history

Renamed 2 times since incorporation

JCB HEAVY PRODUCTS LTD 1998-09-18 → present
JCB-SCM LIMITED 1991-04-23 → 1998-09-18
OFFSHELF 122 LTD. 1990-07-02 → 1991-04-23

Net assets

2-year trend · vs Industrials median

JCB HEAVY PRODUCTS LTD·Industrials median · n=6236

Accounts

2-year trend · latest reflected 2024-12-31

Metric	2023-12-31	2024-12-31
Turnover	£222,165,000	£205,617,000
Operating profit	-£9,317,000	-£5,034,000
Profit before tax	-£12,923,000	-£10,360,000
Net profit	-£10,848,000	-£10,153,000
Cash	£2,679,000	-£5,227,000
Total assets less current liabilities	-£26,525,000	-£38,192,000
Net assets	-£34,855,000	-£45,008,000
Equity	-£34,855,000	-£45,008,000
Average employees	443	410
Wages	£24,477,000	£25,073,000

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	2023-12-31	2024-12-31
Operating margin	-4.2%	-2.4%
Net margin	-4.9%	-4.9%
Return on capital employed	35.1%	13.2%
Gearing (liabilities / total assets)	138.7%	149.7%
Current ratio	0.53x	0.48x
Interest cover	-2.58x	-0.95x

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: PricewaterhouseCoopers LLP
Audit opinion: Unqualified (clean)
Going concern: Affirmed
“The directors believe that preparing the financial statements on the going concern basis is appropriate due to the continued financial support of J.C.B. Service. The directors have received confirmation that J.C.B. Service intends to support the company for at least one year from the date of approval of these financial statements. The J.C.B. Service financial statements have been prepared on a going concern basis.”

Significant events

“The global market for construction and agricultural equipment declined in 2024, finishing the year down 3.7% versus 2023. The company's turnover reduced by 7.4% from £222.2m in 2023 to £205.6m in 2024, largely driven by the demand for large excavator equipment in North America. Operational costs were significant during 2024 and the company has reported a gross loss of £2.4m (2023: £2.9m). The company borrowed additional funds from the Group and ended the year with a £5.2m overdraft (2023: £2.7m cash) and net liabilities increased to £45.0m (2023: £34.8m).”

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

People

3 active · 32 resigned

Name	Role	Appointed	Born	Nationality
OVENS, Steven Ernest Robert	Secretary	—	—	British
MACDONALD, Graeme Angus	Director	2010-01-02	Nov 1967	British
TURNER, Mark William Eric	Director	2012-01-01	Aug 1963	British

Show 32 resigned officers

Name	Role	Appointed	Resigned
ATWAL, Buta Singh	Director	2017-01-05	2018-01-05
BAMFORD, Joseph Cyril Edward	Director	2006-05-15	2016-11-11
BAMFORD DL, The Lord	Director	1999-12-23	2014-09-15
BLAKE, Alan Russell	Director	2009-02-02	2013-11-01
BUTLER, Michael Joseph	Director	—	1993-07-14
COYNE, Martin	Director	—	1998-02-09
GILL, John	Director	2004-01-19	2010-01-02
GORTON, Alastair John	Director	2019-01-01	2020-03-16
GRYS, Paul John	Director	2011-01-01	2015-03-04
HOOPER, Reginald Joseph	Director	1996-06-14	2001-10-05
HUGHES, Stuart	Director	2015-11-02	2016-09-30
IMAI, Kiyoaki	Director	1994-06-09	1997-06-20
IZUMI, Takeshi	Director	—	1992-07-15
JOHNSTON, Gilbert	Director	—	1992-07-15
LEADBEATER, Edward Timothy David	Director	—	1996-06-14
MELLOR, Raymond Alan	Director	1992-07-15	1997-06-20
MITSUI, Yoichiro	Director	1992-07-15	1996-06-30
MOHAN, Michael James	Director	2015-11-02	2017-12-04
NAKANO, Kazuo	Director	1996-06-30	1998-09-07
OGATA, Takeshie	Director	1992-07-15	1994-06-09
OSUKA, Tadao	Director	—	1997-01-01
PATTERSON, John	Director	1993-07-14	2010-03-01
PRATT, Ian John	Director	2020-03-16	2020-10-28
ROBINSON, Guy Walker	Director	2018-01-01	2019-01-01
SANDLAND, John Edward	Director	1997-06-20	2001-10-05
SMITH, Gordon William Fraser	Director	1998-03-13	1999-12-23
SUNAR, Onkar Singh	Director	2008-10-01	2011-01-04
TAYLOR, Matthew Gordon Robert	Director	2007-01-02	2009-11-04
TIPPING, Keith	Director	2002-08-28	2003-10-21
TOKUMITSU, Akira	Director	—	1992-07-15
TURNER, Mark William Eric	Director	1999-12-23	2002-08-28
UEDA, Shinichi	Director	1997-06-20	2011-06-30

Ownership

Persons with significant control

Name	Kind	Nature of control	Notified	Status
J C Bamford Excavators Limited	Corporate entity	Shares 75–100%, Voting 75–100%, Appoints directors	2016-04-06	Active

Filing timeline

Last 20 of 172 total filings

Date	Type	Category	Description
2025-10-04	AA	accounts	Accounts with accounts type full
2025-06-17	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2024-10-02	AA	accounts	Accounts with accounts type full
2024-06-17	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2023-09-28	AA	accounts	Accounts with accounts type full
2023-06-16	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2022-07-14	AA	accounts	Accounts with accounts type full
2022-06-16	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2021-09-25	AA	accounts	Accounts with accounts type full
2021-06-16	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2020-10-28	AA	accounts	Accounts with accounts type full
2020-10-28	TM01	officers	Termination director company with name termination date	PDF
2020-06-16	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2020-03-16	TM01	officers	Termination director company with name termination date	PDF
2020-03-16	AP01	officers	Appoint person director company with name date	PDF
2019-09-18	AA	accounts	Accounts with accounts type full
2019-06-17	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2019-01-09	AP01	officers	Appoint person director company with name date	PDF
2019-01-09	TM01	officers	Termination director company with name termination date	PDF
2018-09-04	AA	accounts	Accounts with accounts type full

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings: 2
Capital events: 0
Officers appointed: 0
Officers resigned: 0

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

-7.4%

£222,165,000 £205,617,000
Cash

-295.1%

£2,679,000 -£5,227,000
Net assets

-29.1%

-£34,855,000 -£45,008,000
Employees

-7.4%

443 410
Operating profit

+46%

-£9,317,000 -£5,034,000
Profit before tax

+19.8%

-£12,923,000 -£10,360,000
Wages

+2.4%

£24,477,000 £25,073,000

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

Official Companies House page