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Next accounts due

2026-05-31 (this month)

Last filed for 2024-08-31

Confirmation statement due

2027-03-14 (in 10mo)

Last made up 2026-02-28

Watchouts

None on the register

Cash

£2M

+281.6% vs 2023

Net assets

£114M

+9.8% vs 2023

Employees

1,031

-6.9% vs 2023

Profit before tax

£23M

-1.3% vs 2023

Name history

Renamed 3 times since incorporation

  1. AFE GROUP LIMITED 2007-12-28 → present
  2. AGA FOODSERVICE EQUIPMENT LIMITED 2001-03-12 → 2007-12-28
  3. GLYNWED FOODSERVICE EQUIPMENT LIMITED 2000-01-06 → 2001-03-12
  4. GLYNWED FOODSERVICE PRODUCTS LIMITED 1999-11-08 → 2000-01-06

Accounts

2-year trend · latest reflected 2024-08-31

Metric Trend 2023-08-312024-08-31
Turnover £131,775,000£131,952,000
Operating profit £19,468,000£17,874,000
Profit before tax £23,106,000£22,807,000
Net profit £18,135,000£17,344,000
Cash £575,000£2,194,000
Total assets less current liabilities £107,948,000£116,721,000
Net assets £104,114,000£114,271,000
Equity £104,114,000£114,271,000
Average employees 1,1071,031
Wages £37,821,000£38,073,000

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 Trend 2023-08-312024-08-31
Operating margin 14.8%13.5%
Net margin 13.8%13.1%
Return on capital employed 18.0%15.3%
Gearing (liabilities / total assets) 23.9%22.4%
Current ratio 4.25x4.38x
Interest cover 240.35x244.85x

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
A.C.T. Audit Limited
Audit opinion
Unqualified (clean)
Going concern
Affirmed

“The directors consider that the company's operating profit forecast, net asset levels and operating cash flow covering the next twelve months, from the date of signing the financial statements, are such that it will continue as a going concern for no less than 12 months from the approval of these financial statements.”

Group structure

  1. AFE GROUP LIMITED · parent
    1. AFG Stirling Limited · Scotland · Property holding company
    2. Falcon Catering Equipment Limited · UK · Dormant
    3. Mono Equipment Limited · UK · Dormant
    4. Millers Vanguard Limited · UK · Dormant
    5. Serviceline Catering Equipment Engineers Limited · UK · Dormant
    6. Williams Refrigeration Limited · UK · Dormant
    7. AFE Group China Limited 43.24% · Hong Kong · Group Services
    8. Williams Refrigeration (Hong Kong) Limited 43.24% · Hong Kong · Design, manufacture and service support of professional refrigeration, catering and bakery equipment for the hospitality and foodservice industry

Significant events

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

People

3 active · 10 resigned

Name Role Appointed Born Nationality
SMITH, Timothy Simon Secretary 2007-12-18 British
ANASTASIA, Maurizio Director 2018-05-25 Aug 1970 Italian
SMITH, Timothy Simon Director 2007-12-18 Sep 1966 British
Show 10 resigned officers
Name Role Appointed Resigned
CFL SECRETARIES LIMITED Corporate Nominee Secretary 1999-11-08 1999-11-08
NEW SHELDON LIMITED Corporate Secretary 1999-11-08 2007-12-18
MAY, Michael Hans Director 2012-03-31 2012-11-15
MCGRATH, William Brendan Director 2001-03-09 2007-12-18
RALLO, Vincenzo Director 2012-11-15 2018-05-14
RENNIE, Stephen Director 1999-11-08 2008-02-26
SMITH, Shaun Michael Director 2001-05-01 2007-12-18
VIGLIONE, Angelo Director 2008-02-22 2012-03-31
WILSON, Anthony Joseph Director 1999-11-08 2001-03-09
CFL DIRECTORS LIMITED Corporate Nominee Director 1999-11-08 1999-11-08

Ownership

Persons with significant control

Name Kind Nature of control Notified Status
Ali Uk Limited Corporate entity Shares 75–100% 2016-04-06 Active

Filing timeline

Last 20 of 130 total filings

Date Type Category Description
2026-03-06 CS01 confirmation-statement Confirmation statement with no updates PDF
2025-08-22 MR04 mortgage Mortgage satisfy charge full PDF
2025-05-16 AA accounts Accounts with accounts type full
2025-03-11 CS01 confirmation-statement Confirmation statement with no updates PDF
2024-05-28 AA accounts Accounts with accounts type full
2024-03-01 CS01 confirmation-statement Confirmation statement with no updates PDF
2023-06-08 AA accounts Accounts with accounts type full
2023-03-01 CS01 confirmation-statement Confirmation statement with no updates PDF
2022-08-02 MR01 mortgage Mortgage create with deed with charge number charge creation date PDF
2022-05-12 AA accounts Accounts with accounts type full
2022-03-02 CS01 confirmation-statement Confirmation statement with no updates PDF
2021-04-30 AA accounts Accounts with accounts type full
2021-03-11 CS01 confirmation-statement Confirmation statement with no updates PDF
2020-06-09 AA accounts Accounts with accounts type full
2020-03-05 CS01 confirmation-statement Confirmation statement with no updates PDF
2019-03-04 CS01 confirmation-statement Confirmation statement with no updates PDF
2019-01-31 AA accounts Accounts with accounts type full
2018-06-07 AP01 officers Appoint person director company with name date PDF
2018-06-07 TM01 officers Termination director company with name termination date PDF
2018-03-06 CS01 confirmation-statement Confirmation statement with no updates PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
3

last 12 months

Capital events
0

last 24 months

Officers appointed
0

last 12 months

Officers resigned
0

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 2024-08-31 vs 2023-08-31

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