TEXEL FINANCE LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-11-05 (in 6mo)
Last made up 2025-10-22
Watchouts
None on the register
Cash
£366K
-90.5% vs 2023
Net assets
£47M
+6.6% vs 2023
Employees
71
+24.6% vs 2023
Profit before tax
£3M
+1.2% vs 2023
Name history
Renamed 1 time since incorporation
- TEXEL FINANCE LIMITED 1997-10-30 → present
- BENIA LIMITED 1997-10-22 → 1997-10-30
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 | — | — | — | — | — | £11,488,513 | £11,989,082 | |
| Operating profit | — | — | — | — | — | £2,744,839 | £2,589,292 | |
| Profit before tax | — | — | — | — | — | £3,165,195 | £3,202,579 | |
| Net profit | — | — | — | — | — | £2,443,136 | £2,890,251 | |
| Cash | — | — | — | — | — | £3,870,264 | £365,814 | |
| Total assets less current liabilities | — | — | — | — | — | £44,668,090 | £47,651,786 | |
| Net assets | — | — | — | — | — | £43,942,766 | £46,833,017 | |
| Equity | £37,055,559 | — | — | — | — | £43,942,766 | £46,833,017 | |
| Average employees | — | — | — | — | — | 57 | 71 | |
| Wages | — | — | — | — | — | £9,987,365 | £12,589,726 |
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 | — | — | — | — | — | 23.9% | 21.6% | |
| Net margin | — | — | — | — | — | 21.3% | 24.1% | |
| Return on capital employed | — | — | — | — | — | 6.1% | 5.4% | |
| Gearing (liabilities / total assets) | — | — | — | — | — | 22.2% | 19.3% | |
| Current ratio | — | — | — | — | — | 4.55x | 5.30x | |
| Interest cover | — | — | — | — | — | 24.01x | 34.12x |
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)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- Taylor Associates
- 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 for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- TEXEL FINANCE LIMITED · parent
- Texel Europe BV 100%
Significant events
- “Subsequent to the year end the Company completed a project to transfer all shares of the Texel Group to an Employee Ownership Trust. The transfer will safeguard the culture of the Company and ensure continuity of the Texel Group for the foreseeable future. The project completed on 30 June 2025 when all shares of the Texel Group were transferred to the Texel Employee Ownership Trust.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
9 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| RILEY, Matthew Saxon | Secretary | 2017-08-15 | — | — |
| BALL, Alan | Director | 2023-09-01 | Dec 1979 | British |
| BESSANT, Simon | Director | 2012-01-31 | Jun 1981 | British |
| CROSSFIELD, Jonathan James | Director | 2026-05-06 | Jun 1974 | British |
| JOYCE, Ashleigh | Director | 2022-02-28 | Apr 1987 | British |
| LENNARD, Andrew | Director | 1997-10-29 | Sep 1959 | British |
| RILEY, Matthew Saxon | Director | 2017-08-15 | Oct 1966 | British |
| SEARLE, Caroline Margaret | Director | 2022-03-10 | Sep 1967 | British |
| SHAW, William Robert Charles | Director | 2024-09-10 | Jan 1970 | British |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| LENNARD, Sarah | Secretary | 1997-10-29 | 2025-10-22 |
| SWEENEY, Carmel | Secretary | 2007-07-18 | 2017-08-15 |
| COMBINED SECRETARIAL SERVICES LIMITED | Corporate Nominee Secretary | 1997-10-22 | 1997-10-29 |
| KOHLER, Jeremy | Director | 2007-07-18 | 2022-03-01 |
| ZUCK, Audrey | Director | 2007-07-18 | 2014-10-03 |
| COMBINED NOMINEES LIMITED | Corporate Nominee Director | 1997-10-22 | 1997-10-29 |
| COMBINED SECRETARIAL SERVICES LIMITED | Corporate Nominee Director | 1997-10-22 | 1997-10-29 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Texel Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 116 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-11 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-18 | AA | accounts | Accounts with accounts type full | |
| 2025-12-05 | CH03 | officers | Change person secretary company with change date | |
| 2025-12-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-28 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-12-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-27 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-11-27 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-09-26 | AA | accounts | Accounts with accounts type full | |
| 2024-09-18 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-16 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2024-03-28 | AP01 | officers | Appoint person director company with name date | |
| 2023-11-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-11-14 | AA | accounts | Accounts with accounts type full | |
| 2022-12-09 | AP01 | officers | Appoint person director company with name date | |
| 2022-11-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-11-28 | AA | accounts | Accounts with accounts type full | |
| 2022-08-26 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-03-30 | TM01 | officers | Termination director company with name termination date | |
| 2022-03-02 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 1
- 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
+4.4%
£11,488,513 £11,989,082
-
Cash
-90.5%
£3,870,264 £365,814
-
Net assets
+6.6%
£43,942,766 £46,833,017
-
Employees
+24.6%
57 71
-
Operating profit
-5.7%
£2,744,839 £2,589,292
-
Profit before tax
+1.2%
£3,165,195 £3,202,579
-
Wages
+26.1%
£9,987,365 £12,589,726
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