HAYGROVE LIMITED

1. HAYGROVE LIMITED 2002-08-28 → present
2. HAYGROVE TUNNELS LIMITED 1997-07-09 → 2002-08-28
3. HAYGROVE FRUIT LIMITED 1996-10-22 → 1997-07-09

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

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“These financial statements have been prepared on a going concern basis on the grounds that the directors, after careful consideration, believe that the group has sufficient cash resources in terms of existing committed facilities. This allows them to offset any foreseeable cashflow uncertainties and expect that the group will be able to meet its debts as they fall due. The group continues to maintain a strong financial position reflected on its balance sheet with limited banking facilities and therefore has significant scope to borrow further should that be required. The group, however, intends to run with a minimum level of external debt. At 31 December 2024, the group was funded through a combination of cash reserves, overdraft and lease arrangements, and term loan facilities within the UK and internationally. The directors remain confident that the nature of the group's operations, along with the proactive measures detailed in the strategic report to manage potential risks, place the group in a strong position to continue operating effectively despite the prevailing economic uncertainties. Accordingly, they have determined that there are no significant foreseeable risks that would threaten the group's ability to continue as a going concern, and it remains appropriate to prepare the financial statements on that basis.”

Group structure

1. HAYGROVE LIMITED · parent
   1. Haygrove Evolution Limited 100% · United Kingdom · Wine and cider maker
   2. Haygrove Plants Limited 100% · United Kingdom · Plant propagation
   3. Haygrove Sp.Z.oo 100% · Europe · Tunnel wholesaler
   4. Haygrove GmbH 100% · Europe · In liquidation
   5. Haygrove Portugal Unipessoal Limitada 100% · Europe · Farming
   6. Haygrove Inc 100% · America · Tunnel wholesaler
   7. Haygrove Columbia SAS 100% · America · Dormant
   8. Haygrove Heaven (Pty) Limited 82% · Africa · Farming
   9. Haygrove Small Beginnings (Pty) Limited 82% · Africa · Plant propagation and production
   10. African Berry Holdings (Pty) Limited 61.5% · Africa · Holding company
   11. Haygrove Amajuba (Pty) Limited 61.5% · Africa · Farming
   12. Haygrove South Africa (Pty) Limited 50% · Africa · Tunnel wholesaler
   13. Haygrove Earth (Pty) Limited 100% · Africa · Property
   14. Haygrove Africa (Kenya) Ltd 99% · Africa · Dormant
   15. Haygrove Tunnels S de RL de CV 99.99% · Rest of world · Tunnel wholesaler
   16. Haygrove (Shanghai) Trading Co Ltd 100% · Rest of world · Tunnel wholesaler
   17. Haygrove (Kunming) Agriculture Technology Co., Ltd 100% · Rest of world · Tunnel wholesaler
   18. Haygrove Growing (Xiangyun) Co., Ltd 100% · Rest of world · Farming
   19. Haygrove (Yunnan) Agricultural Development Co Ltd 100% · Rest of world · Farming
   20. Haygrove Growing (Ninglang) Co., Ltd 100% · Rest of world · Farming
   21. Haygrove India (Private) Ltd 100% · Rest of world · Tunnel wholesaler

Significant events

• “Despite facing a range of climate-related challenges in 2024, from harsh winter storms in South Africa, flooding in China, water shortages in Portugal as well as economic pressures and changing labour dynamics, the growing businesses have demonstrated resilience across most geographies.”
• “The business increased its investment in cherries in two farms in China... and in a minority shareholding in a growing business in Chile... In the UK, production was expanded by investing in a fully established 60 hectare blueberry business in the year, in a joint venture.”
• “In Growing Systems the business further developed new innovative products, opening a new business in India and exploring opportunities in South America. Operations were consolidated in Europe, closing the German office and transferring the servicing of all mainland customers to the centrally located hub in Poland, for lower costs and increased efficiency.”

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

Filings

3

last 12 months

Capital events

1

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +16.7%

  £111,591,921 → £130,276,112

• Cash

  -8.2%

  £12,032,315 → £11,041,055

• Net assets

  -1.8%

  £45,938,982 → £45,096,558

• Employees

  +7.6%

  3,310 → 3,562

• Operating profit

  +1,759.2%

  -£132,496 → £2,198,423

• Profit before tax

  +759.6%

  -£305,769 → £2,016,963

• Wages

  +18.7%

  £31,598,460 → £37,522,204

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