P D HOOK (TURKEYS) LIMITED

1. P D HOOK (TURKEYS) LIMITED 2017-02-17 → present
2. P D HOOK (BROILERS) LIMITED 2002-05-29 → 2017-02-17

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

Standalone (parent only)

Auditor

Grant Thornton UK LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The company made a profit before tax of £0.8 million in the year and at 31 October 2024 had net liabilities of £1.6 million (2023: £2.0 million). In determining whether the company's financial statements can be prepared on a going concern basis, the directors have considered the company's business activities, together with factors likely to affect its future performance, development and position. The review included the financial position of the company, its balance sheet, cash flows, liquidity and covenant position together with forecasts for a period of twenty-four months from the balance sheet date taking into account a base case and considering plausible downside scenarios. ... With the continued confirmed support from its parent company for a period of at least twelve months from the date of signing the financial statements the business is confident of its ability to continue to trade as an active going concern. It is therefore appropriate to adopt the going concern basis of accounting in the preparation of the financial statements. The going concern assessment for the PD Hook Group as a whole is disclosed in the group financial statements of PD Hook Group Limited.”

Significant events

• “This has been another period characterised by increasing uncertainty in the global economy, further geoeconomic fragmentation and significant political unrest across the world such that the UK Food and Farming industry has faced a significant level of economic and market turmoil.”
• “Once again, the year has been marked by a period of intense political activity both across the world and in the UK with a change in government following the General Election in July 2024 which saw the Labour Government elected. Several policies changes that will impact UK agriculture and business have already been tabled but the business is already working to adapt to ensure these have minimal impact on our ongoing operations.”
• “The recent budget announcements in respect of the changes to national minimum wages and national insurance contributions will place further financial pressure on the business that will need to be assimilated into our operations through a combination of price rises, cost efficiencies and overhead management.”
• “Avian Influenza (Al) and endemic diseases have remained an increasing concern throughout the year and have been exasperated by variable weather patterns and flooding.”
• “The UK continues to experience ever changing weather patterns with significantly higher levels of volatility in environmental impacts on farming. As such the business has constantly evolved and adapted its approach to limit, as far as practical, the effect of such events and to ensure the minimum disruption to our supply chains and sales. We have continued and further accelerated our investment in cooling systems and procedures to deliver tangible benefits to enable the business to continue to operate during periods of warm weather while risk-based assessments to modify farms has reduced the impact of extreme cold and wet weather incidents.”
• “We have adopted, where practical, the use of artificial intelligence and robotics to streamline our back-office procedures.”
• “The company has revised and refreshed, in line with the Modern Slavery Act 2015, an Anti-Slavery and Human Trafficking Statement and Policy.”

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

Filings

4

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.

• Turnover

  +5.3%

  £10,574,347 → £11,138,727

• Cash

  +1.9%

  £10,186 → £10,383

• Net assets

  +21%

  -£1,963,323 → -£1,551,912

• Employees

  -2.2%

  45 → 44

• Operating profit

  +16.9%

  £737,804 → £862,599

• Profit before tax

  +16.4%

  £671,825 → £781,698

• Wages

  +4.9%

  £1,415,240 → £1,484,213

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