BOXWAY GROUP HOLDINGS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-03-15 (in 10mo)
Last made up 2026-03-01
Watchouts
None on the register
Cash
£38K
-66.4% vs 2023
Net assets
-£2M
-22.8% vs 2023
Employees
70
-1.4% vs 2023
Profit before tax
-£533K
+6.1% vs 2023
Net assets
2-year trend · vs Basic Materials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £12,297,022 | £12,408,921 | |
| Operating profit | -£511,775 | -£381,817 | |
| Profit before tax | -£567,548 | -£532,687 | |
| Net profit | -£22,278 | -£391,940 | |
| Cash | £112,941 | £37,960 | |
| Total assets less current liabilities | £2,625,688 | £1,401,991 | |
| Net assets | -£1,717,057 | -£2,108,997 | |
| Equity | -£1,717,057 | -£2,108,997 | |
| Average employees | 71 | 70 | |
| Wages | £2,416,343 | £2,544,944 |
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | -4.2% | -3.1% | |
| Net margin | -0.2% | -3.2% | |
| Return on capital employed | -19.5% | -27.2% | |
| Current ratio | 0.96x | 0.72x | |
| Interest cover | -9.18x | -2.53x |
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
- Consolidated group
- Auditor
- Brown Butler Chartered Accountants
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have performed a going concern assessment, including preparing management profit and loss and cashflow forecasts for the period to 31 December 2030 which is in excess of twelve months from the date of approval of these financial statements. The Directors are in regular contact with the main funder and have obtained confirmation of their continuing support through a new repayment plan agreed in May 2025 covering funding to December 2030 with agreed repayments increasing over that period in line with forecast performance.”
Group structure
- BOXWAY GROUP HOLDINGS LIMITED · parent
- Boxway Packaging Group Limited 100%
Significant events
- “The period saw the company outperform the market in volume terms as it grew by 2%, versus the UK corrugated market growing by only 0.5%, but more importantly, as a result of the continued focus on value rather than volume, it was pleasing to see a modest growth in sales turnover but a growth of 10% in margin vs 2023 from 25.8% to 28.4%.”
- “Going into 2025 the market remained tough and the pressures on operating costs, especially labour costs, were apparent. Further increases in raw material prices were also occurring and recovering these increased costs remained the priority. We have been able to implement the cost reduction plan during the year which has helped address these cost headwinds.”
- “revised loan agreements were signed with funding and loan repayments scheduled up to December 2030. Additional working capital facilities via invoice discounting are in place from an external lender.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| FORREST, Nicholas Peter | Director | 2024-08-01 | Jun 1980 | British |
| WOOLLARD, Andrew John | Director | 2021-03-02 | Jan 1963 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Andrew John Woollard | Individual | Shares 75–100% | 2021-03-02 | Active |
Filing timeline
Last 20 of 25 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-05-08 MA Memorandum articles
- 2025-05-08 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-12 | CH01 | officers | Change person director company with change date | |
| 2026-05-12 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2026-03-03 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-01-12 | AA | accounts | Accounts with accounts type group | |
| 2025-05-13 | SH10 | capital | Capital variation of rights attached to shares | |
| 2025-05-08 | SH02 | capital | Capital alter shares subdivision | |
| 2025-05-08 | SH08 | capital | Capital name of class of shares | |
| 2025-05-08 | MA | incorporation | Memorandum articles | |
| 2025-05-08 | RESOLUTIONS | resolution | Resolution | |
| 2025-03-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-31 | AA | accounts | Accounts with accounts type group | |
| 2024-08-09 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-21 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-04-21 | CH01 | officers | Change person director company with change date | |
| 2024-03-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-23 | AA | accounts | Accounts with accounts type group | |
| 2023-07-17 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-04-06 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-03-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-07-22 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 3
- 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 2024-12-31 vs 2023-12-31
-
Turnover
+0.9%
£12,297,022 £12,408,921
-
Cash
-66.4%
£112,941 £37,960
-
Net assets
-22.8%
-£1,717,057 -£2,108,997
-
Employees
-1.4%
71 70
-
Operating profit
+25.4%
-£511,775 -£381,817
-
Profit before tax
+6.1%
-£567,548 -£532,687
-
Wages
+5.3%
£2,416,343 £2,544,944
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