PRIORITY FREIGHT (MIDLANDS) LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-11-13 (in 6mo)
Last made up 2025-10-30
Watchouts
None on the register
Cash
£879K
+105.9% vs 2023
Net assets
£6M
+29.1% vs 2023
Employees
18
-14.3% vs 2023
Profit before tax
£2M
+0.6% vs 2023
Name history
Renamed 1 time since incorporation
- PRIORITY FREIGHT (MIDLANDS) LIMITED 2005-07-06 → present
- PFC LIMITED 1998-10-30 → 2005-07-06
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £15,165,512 | £14,044,207 | |
| Operating profit | £1,602,952 | £1,617,163 | |
| Profit before tax | £1,602,605 | £1,612,606 | |
| Net profit | £1,208,750 | £1,370,000 | |
| Cash | £426,918 | £878,967 | |
| Total assets less current liabilities | £4,738,787 | £6,088,235 | |
| Net assets | £4,714,451 | £6,084,451 | |
| Equity | £4,714,451 | £6,084,451 | |
| Average employees | 21 | 18 | |
| Wages | £807,582 | £678,080 |
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 10.6% | 11.5% | |
| Net margin | 8.0% | 9.8% | |
| Return on capital employed | 33.8% | 26.6% | |
| Current ratio | 1.94x | 5.10x | |
| Interest cover | 1809.20x | 180.33x |
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
- RSM UK Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“the directors of Tawin Holdings Limited, the ultimate parent company, have prepared detailed cash flow forecasts for Tawin Holdings Limited and its subsidiaries ("the group") covering the period to 31 December 2026. Since the year end the group has continued to trade profitably and generate cash that has been retained within the company to ensure that the company's financial position remains strong. In addition, the company has financing facilities available, in the form of invoice discounting, that can be drawn down further if needed. Accordingly, the directors of the company have, after careful consideration, concluded that it is appropriate to prepare these financial statements on the going concern basis as the company will be able to pay its debts as they fall due for a period of at least 12 months from the date of approval of these financial statements.”
Significant events
- “As we celebrate our 30th anniversary, the Group is embracing the 'Fit at 30' strategy an exciting initiative dedicated to growth, innovation, and investment in key projects that will drive future success.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| WILLIAMS, Neal Thomas | Secretary | 1998-10-30 | — | British |
| AUSTIN, Andrew | Director | 2021-06-02 | Apr 1963 | British |
| CHAPMAN, Ian Stuart | Director | 2018-09-18 | Aug 1968 | British |
| STOBIE, Stuart David | Director | 2021-06-02 | Apr 1968 | British |
| WILLIAMS, Gareth Stephen | Director | 2013-12-18 | Feb 1978 | British |
| WILLIAMS, Neal Thomas | Director | 1998-10-30 | Aug 1970 | British |
| WILLIAMS, Paul Vincent | Director | 2013-12-18 | Dec 1973 | British |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| TEMPLE SECRETARIES LIMITED | Corporate Nominee Secretary | 1998-10-30 | 1998-10-30 |
| AUSTIN, Andrew | Director | 2011-07-04 | 2013-07-31 |
| HENRY, Angela | Director | 2013-06-14 | 2023-03-30 |
| MERCER, Paul Christopher | Director | 2013-12-18 | 2017-11-10 |
| PARTRIDGE, Carl Maurice | Director | 2005-06-23 | 2023-02-28 |
| WILLIAMS, George Vincent | Director | 1998-11-30 | 2013-11-27 |
| COMPANY DIRECTORS LIMITED | Corporate Nominee Director | 1998-10-30 | 1998-10-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Paul Vincent Williams | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2016-04-06 |
| Mr Gareth Stephen Williams | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2016-04-06 |
| Priority Freight Limited | Corporate entity | Shares 50–75%, Voting 50–75%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 115 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-04 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-07-07 | AA | accounts | Accounts with accounts type full | |
| 2024-11-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-19 | AA | accounts | Accounts with accounts type full | |
| 2024-07-10 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-12-21 | CH01 | officers | Change person director company with change date | |
| 2023-11-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-06-17 | AA | accounts | Accounts with accounts type full | |
| 2023-03-30 | TM01 | officers | Termination director company with name termination date | |
| 2023-03-21 | TM01 | officers | Termination director company with name termination date | |
| 2022-11-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-07-28 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2022-06-09 | AA | accounts | Accounts with accounts type full | |
| 2022-03-16 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-03-16 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2021-11-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-06-13 | AA | accounts | Accounts with accounts type full | |
| 2021-06-08 | AP01 | officers | Appoint person director company with name date | |
| 2021-06-07 | AP01 | officers | Appoint person director company with name date |
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
-7.4%
£15,165,512 £14,044,207
-
Cash
+105.9%
£426,918 £878,967
-
Net assets
+29.1%
£4,714,451 £6,084,451
-
Employees
-14.3%
21 18
-
Operating profit
+0.9%
£1,602,952 £1,617,163
-
Profit before tax
+0.6%
£1,602,605 £1,612,606
-
Wages
-16%
£807,582 £678,080
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