AFE GROUP LIMITED
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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
- AFE GROUP LIMITED 2007-12-28 → present
- AGA FOODSERVICE EQUIPMENT LIMITED 2001-03-12 → 2007-12-28
- GLYNWED FOODSERVICE EQUIPMENT LIMITED 2000-01-06 → 2001-03-12
- GLYNWED FOODSERVICE PRODUCTS LIMITED 1999-11-08 → 2000-01-06
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2024-08-31
| Metric | Trend | 2023-08-31 | 2024-08-31 |
|---|---|---|---|
| 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 | 1,107 | 1,031 | |
| 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 | 2023-08-31 | 2024-08-31 |
|---|---|---|---|
| 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 | 4.25x | 4.38x | |
| Interest cover | 240.35x | 244.85x |
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
- AFE GROUP LIMITED · parent
- AFG Stirling Limited
- Falcon Catering Equipment Limited
- Mono Equipment Limited
- Millers Vanguard Limited
- Serviceline Catering Equipment Engineers Limited
- Williams Refrigeration Limited
- AFE Group China Limited 43.24%
- Williams Refrigeration (Hong Kong) Limited 43.24%
Significant events
- “There are no significant events after the reporting period.”
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 | |
| 2025-08-22 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-05-16 | AA | accounts | Accounts with accounts type full | |
| 2025-03-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-28 | AA | accounts | Accounts with accounts type full | |
| 2024-03-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-08 | AA | accounts | Accounts with accounts type full | |
| 2023-03-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-05-12 | AA | accounts | Accounts with accounts type full | |
| 2022-03-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-04-30 | AA | accounts | Accounts with accounts type full | |
| 2021-03-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-06-09 | AA | accounts | Accounts with accounts type full | |
| 2020-03-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-03-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-01-31 | AA | accounts | Accounts with accounts type full | |
| 2018-06-07 | AP01 | officers | Appoint person director company with name date | |
| 2018-06-07 | TM01 | officers | Termination director company with name termination date | |
| 2018-03-06 | CS01 | confirmation-statement | Confirmation statement with no updates |
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 2024-08-31 vs 2023-08-31
-
Turnover
+0.1%
£131,775,000 £131,952,000
-
Cash
+281.6%
£575,000 £2,194,000
-
Net assets
+9.8%
£104,114,000 £114,271,000
-
Employees
-6.9%
1,107 1,031
-
Operating profit
-8.2%
£19,468,000 £17,874,000
-
Profit before tax
-1.3%
£23,106,000 £22,807,000
-
Wages
+0.7%
£37,821,000 £38,073,000
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