NARANG WHOLESALERS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-07-17 (in 2mo)
Last made up 2025-07-03
Watchouts
None on the register
Cash
£222K
-34.9% vs 2023
Net assets
£7M
+5.1% highest in 5 filed years
Employees
60
-4.8% lowest in 5 filed years
Profit before tax
£524K
+91.9% highest in 5 filed years
Name history
Renamed 3 times since incorporation
- NARANG WHOLESALERS LIMITED 1995-12-20 → present
- NARANG WHOLESALERS (1996) LIMITED 1995-12-04 → 1995-12-20
- NARANG TEXTILES (1996) LIMITED 1995-11-27 → 1995-12-04
- PADDICO (141) LIMITED 1995-07-25 → 1995-11-27
Net assets
7-year trend · vs Consumer Discretionary median
Accounts
7-year trend · latest reflected 2024-12-31
| Metric | Trend | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | £11,852,358 | — | — | £16,897,378 | £16,232,427 | |
| Operating profit | — | — | £161,491 | — | — | £506,712 | £698,816 | |
| Profit before tax | — | — | £160,617 | £248,632 | £297,651 | £272,860 | £523,589 | |
| Net profit | — | — | £194,709 | £905,745 | £254,726 | £217,330 | £437,401 | |
| Cash | — | — | £91,433 | £909,661 | £1,102,050 | £341,272 | £222,242 | |
| Total assets less current liabilities | — | — | £7,388,236 | £8,890,767 | £8,619,005 | £8,456,533 | £10,180,979 | |
| Net assets | — | — | £5,845,463 | £6,711,208 | £6,889,934 | £7,031,264 | £7,392,665 | |
| Equity | £5,539,725 | £5,730,754 | £5,845,463 | £6,711,208 | £6,889,934 | £7,031,264 | £7,392,665 | |
| Average employees | — | — | 66 | 65 | 65 | 63 | 60 | |
| Wages | — | — | £1,162,486 | £814,411 | £1,140,121 | £1,074,146 | £1,142,793 |
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 | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | 1.4% | — | — | 3.0% | 4.3% | |
| Net margin | — | — | 1.6% | — | — | 1.3% | 2.7% | |
| Return on capital employed | — | — | 2.2% | — | — | 6.0% | 6.9% | |
| Gearing (liabilities / total assets) | — | — | — | — | — | 47.5% | 52.7% | |
| Current ratio | — | — | — | — | — | 2.13x | 2.21x | |
| Interest cover | — | — | 23.95x | — | — | 2.17x | 3.99x |
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
- Hentons
- 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.”
Significant events
- “There has been a further increase in capital investment in the 2024 year continuing to strengthen the balance sheet. Through investment in electrifying the delivery fleet during 2024, directors have further moved the business towards carbon neutrality. This work on both buildings and delivery fleet will continue during the next trading year.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KALSI, Jagjeet Singh | Secretary | 2002-06-30 | — | British |
| KALSI, Jagjeet Singh | Director | 1999-09-01 | Dec 1951 | British |
| MAINWARING, Sarah Louise | Director | 2019-05-23 | Feb 1966 | British |
| NARANG, Jasbir Singh | Director | 2008-09-09 | Aug 1966 | British |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| KEANE, Mark Patrick | Nominee Secretary | 1995-07-25 | 1995-11-30 |
| NARANG, Ravinder Singh | Secretary | 1995-11-30 | 1999-08-31 |
| SINGH, Nirmal | Secretary | 1999-09-01 | 2002-06-30 |
| ADDLESTONE, Brian David | Nominee Director | 1995-07-25 | 1995-11-30 |
| HUSSAIN, Mohammed Younis | Director | 1999-09-01 | 2021-02-28 |
| KEANE, Mark Patrick | Nominee Director | 1995-07-25 | 1995-11-30 |
| NARANG, Amar Kanta | Director | 1996-04-10 | 2009-07-30 |
| NARANG, Jasbir Singh | Director | 1995-11-30 | 1998-04-30 |
| PAULEY, Jeremy | Director | 1999-09-01 | 2016-01-06 |
| SHIVAM, Ramesh Anantha | Director | 1999-02-01 | 2000-04-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Narang Group Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Active |
| Mr Jasbir Singh Narang | Individual | Significant influence | 2016-04-06 | Active |
Filing timeline
Last 20 of 117 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-12 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-09-30 | AA | accounts | Accounts with accounts type full | |
| 2025-07-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-25 | AA | accounts | Accounts with accounts type full | |
| 2024-07-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-02-05 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-01-29 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-01-29 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-12-28 | AA | accounts | Accounts with accounts type full | |
| 2023-07-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-30 | AA | accounts | Accounts with accounts type full | |
| 2022-07-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-12-29 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2021-09-30 | AA | accounts | Accounts with accounts type full | |
| 2021-07-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-03-11 | TM01 | officers | Termination director company with name termination date | |
| 2020-09-30 | AA | accounts | Accounts with accounts type full | |
| 2020-07-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-09-30 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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
-3.9%
£16,897,378 £16,232,427
-
Cash
-34.9%
£341,272 £222,242
-
Net assets
+5.1%
£7,031,264 £7,392,665
highest in 5 filed years
-
Employees
-4.8%
63 60
lowest in 5 filed years
-
Operating profit
+37.9%
£506,712 £698,816
highest in 3 filed years
-
Profit before tax
+91.9%
£272,860 £523,589
highest in 5 filed years
-
Wages
+6.4%
£1,074,146 £1,142,793
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