ASR GROUP EUROPE LIMITED
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-09-29
Confirmation statement due
2026-05-15 (this month)
Last made up 2025-05-01
Watchouts
None on the register
Cash
£60M
+265.8% vs 2023
Net assets
£510M
-6% vs 2023
Employees
1,376
+2.5% vs 2023
Profit before tax
-£41M
-126.2% vs 2023
Name history
Renamed 1 time since incorporation
- ASR GROUP EUROPE LIMITED 2019-12-18 → present
- ASR GROUP LIMITED 2015-05-01 → 2019-12-18
Net assets
2-year trend · vs Consumer Staples median
Accounts
2-year trend · latest reflected 2024-09-29
| Metric | Trend | 2023-09-24 | 2024-09-29 |
|---|---|---|---|
| Turnover | £694,916,782 | £705,714,286 | |
| Operating profit | £159,615,118 | -£39,706,137 | |
| Profit before tax | £155,597,261 | -£40,779,300 | |
| Net profit | £125,355,409 | -£31,438,107 | |
| Cash | £16,514,390 | £60,403,086 | |
| Total assets less current liabilities | £582,324,029 | £581,390,430 | |
| Net assets | £542,528,606 | £510,132,628 | |
| Equity | £542,528,606 | £510,132,628 | |
| Average employees | 1,342 | 1,376 | |
| Wages | £58,678,051 | £63,125,000 |
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 | 2023-09-24 | 2024-09-29 |
|---|---|---|---|
| Operating margin | 23.0% | -5.6% | |
| Net margin | 18.0% | -4.5% | |
| Return on capital employed | 27.4% | -6.8% | |
| Gearing (liabilities / total assets) | 37.7% | 28.5% | |
| Current ratio | 1.72x | 2.76x | |
| Interest cover | 12.49x | -11.62x |
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
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Grant Thornton UK LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have, at the time of approving the financial statements, a reasonable expectation that the Group has adequate resources to continue in operational existence for the future after forecasting cash flows and considering risks and uncertainties, including the impact of inflation and the ongoing war in Ukraine and Middle East. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.”
Group structure
- ASR GROUP EUROPE LIMITED · parent
- T&L Sugars Ltd 100%
- ASR Group Europe (Property) Limited 100%
- ASR Group Ltd 100%
- Tate & Lyle Sugars Ltd 100%
- Sidul II Lda 100%
- Belize Sugar Industries Ltd 81.21%
- Belize Cogeneration Energy Ltd 81.21%
- SRB S.p.A. 50%
Significant events
- “The adjusted operating profit is lower compared to last year due to the Group trading in a more challenging and uncertain business environment with increased competition which has impacted demand and commodity pricing.”
- “Our loans and borrowings decreased by €1,497 to €14,040 (2023: €15,537).”
- “The result for 2024 was based on a 53-week period compared to 52 weeks in 2023.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| STEBBINGS, Paul | Secretary | 2015-05-01 | — | — |
| ARORA, Tarun | Director | 2019-09-30 | May 1979 | British |
| BUENAVENTURA, Gabriel | Director | 2017-09-25 | Feb 1975 | Spanish |
| JONES, Andrew | Director | 2019-09-30 | Oct 1969 | British |
| TABERNILLA, Armando | Director | 2015-05-01 | Nov 1959 | American |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| JONES, Andrew | Director | 2015-05-01 | 2017-09-24 |
| ROMAIN, Douglas | Director | 2015-05-01 | 2017-09-24 |
| SMITH, Gregory | Director | 2015-05-01 | 2017-09-24 |
| SPROULL, Robert | Director | 2015-05-01 | 2017-09-24 |
| WIDMER, Jahn | Director | 2015-05-01 | 2015-07-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Antonio Luis Contreras | Individual | Significant influence | 2016-04-06 | Ceased 2022-12-31 |
| Mr Luis Javier Fernandez | Individual | Significant influence | 2016-04-06 | Active |
Filing timeline
Last 20 of 44 total filings
Material constitutional events — rename, articles re-file, resolution
- 2020-05-12 MA Memorandum articles
- 2020-05-12 RESOLUTIONS Resolution
- 2020-05-12 RESOLUTIONS Resolution
- 2019-12-18 RESOLUTIONS Resolution PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-06-10 | AA | accounts | Accounts with accounts type group | |
| 2025-05-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-03 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-07-05 | AA | accounts | Accounts with accounts type group | |
| 2024-05-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-23 | AA | accounts | Accounts with accounts type group | |
| 2023-05-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-02 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-06-28 | AA | accounts | Accounts with accounts type group | |
| 2022-05-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-06-29 | AA | accounts | Accounts with accounts type group | |
| 2021-05-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-07-09 | AA | accounts | Accounts with accounts type group | |
| 2020-05-12 | MA | incorporation | Memorandum articles | |
| 2020-05-12 | RESOLUTIONS | resolution | Resolution | |
| 2020-05-12 | RESOLUTIONS | resolution | Resolution | |
| 2020-05-06 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2020-04-29 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2020-04-21 | SH01 | capital | Capital allotment shares | |
| 2019-12-18 | RESOLUTIONS | resolution | Resolution |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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 2024-09-29 vs 2023-09-24
-
Turnover
+1.6%
£694,916,782 £705,714,286
-
Cash
+265.8%
£16,514,390 £60,403,086
-
Net assets
-6%
£542,528,606 £510,132,628
-
Employees
+2.5%
1,342 1,376
-
Operating profit
-124.9%
£159,615,118 -£39,706,137
-
Profit before tax
-126.2%
£155,597,261 -£40,779,300
-
Wages
+7.6%
£58,678,051 £63,125,000
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