Q.E.P. CO. U.K. LIMITED
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Next accounts due
2026-11-30 (in 6mo)
Last filed for 2025-02-28
Confirmation statement due
2027-03-04 (in 10mo)
Last made up 2026-02-18
Watchouts
None on the register
Cash
£514K
+2.8% vs 2024
Net assets
£12M
+10.1% vs 2024
Employees
43
-12.2% vs 2024
Profit before tax
£2M
-79.1% vs 2024
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2025-02-28
| Metric | Trend | 2024-02-29 | 2025-02-28 |
|---|---|---|---|
| Turnover | £19,171,000 | £17,288,000 | |
| Operating profit | -£501,000 | £70,000 | |
| Profit before tax | £8,783,000 | £1,834,000 | |
| Net profit | £8,761,000 | £1,891,000 | |
| Cash | £500,000 | £514,000 | |
| Total assets less current liabilities | £10,934,000 | £12,008,000 | |
| Net assets | £10,904,000 | £12,008,000 | |
| Equity | £10,904,000 | £12,008,000 | |
| Average employees | 49 | 43 | |
| Wages | £2,044,000 | £1,612,000 |
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 | 2024-02-29 | 2025-02-28 |
|---|---|---|---|
| Operating margin | -2.6% | 0.4% | |
| Net margin | 45.7% | 10.9% | |
| Return on capital employed | -4.6% | 0.6% | |
| Gearing (liabilities / total assets) | 54.5% | 52.6% | |
| Current ratio | 0.76x | 0.84x | |
| Interest cover | -1.55x | 0.28x |
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
- PKF Smith Cooper Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have considered the sustainability of the company's current profitability, strategies for the business, the impact of ongoing economic headwinds, the availability of working capital funding through its banking facility and the financial support provided by its parent undertaking, including access to group-wide borrowing facilities covering the period of 12 months from the date the financial statements were approved.”
Group structure
- Q.E.P. CO. U.K. LIMITED · parent
- Tile Accessories Limited 100%
- Roberts U.K. Limited 100%
- Vitrex Limited 100%
- XPS Foam Limited 100%
Significant events
- “The business felt the full year effect of the home improvement retailer Homebase going into administration, following the announcement in November 2024.”
- “Due to a restructure of the group undertakings, with the corresponding adjustment in the Tile Accessories Limited business.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 9 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BOYCE, Paul | Secretary | 2009-01-26 | — | British |
| BOYCE, Paul Anthony | Director | 2009-01-26 | Oct 1967 | British |
Show 9 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| APPLEBAUM, Marc | Secretary | 2003-12-08 | 2006-01-13 |
| MACLAREN, Bruce | Secretary | 2006-01-13 | 2009-01-26 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 2003-12-08 | 2003-12-08 |
| APPLEBAUM, Marc | Director | 2003-12-08 | 2006-01-13 |
| FLENS, Jan Gerr It | Director | 2003-12-08 | 2006-01-13 |
| GOULD, Lewis | Director | 2003-12-08 | 2023-10-04 |
| MACLAREN, Bruce | Director | 2006-01-13 | 2009-01-26 |
| TOUHEY, Edward | Director | 2004-03-23 | 2012-02-17 |
| INSTANT COMPANIES LIMITED | Corporate Nominee Director | 2003-12-08 | 2003-12-08 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Qep Uk Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2023-10-04 | Active |
| Lewis Gould | Individual | Shares 50–75% | 2016-06-04 | Ceased 2023-10-04 |
| Qep Co Inc | Corporate entity | Shares 75–100% | 2016-04-06 | Ceased 2020-09-04 |
Filing timeline
Last 20 of 106 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-11-03 MA Memorandum articles
- 2025-11-03 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-19 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-02-18 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-12-03 | AA | accounts | Accounts with accounts type full | |
| 2025-11-03 | MA | incorporation | Memorandum articles | |
| 2025-11-03 | RESOLUTIONS | resolution | Resolution | |
| 2025-09-29 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-07-18 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-03-05 | AA | accounts | Accounts with accounts type full | |
| 2025-01-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-31 | AA | accounts | Accounts with accounts type group | |
| 2024-01-23 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-10-24 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-10-24 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-10-24 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-10-24 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-10-24 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-10-24 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-10-12 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-10-10 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-10-10 | PSC07 | persons-with-significant-control | Cessation of a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- 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
FY2024 → FY2025 · period ending 2025-02-28 vs 2024-02-29
-
Turnover
-9.8%
£19,171,000 £17,288,000
-
Cash
+2.8%
£500,000 £514,000
-
Net assets
+10.1%
£10,904,000 £12,008,000
-
Employees
-12.2%
49 43
-
Operating profit
+114%
-£501,000 £70,000
-
Profit before tax
-79.1%
£8,783,000 £1,834,000
-
Wages
-21.1%
£2,044,000 £1,612,000
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