FAUCETS GROUP LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-04-22 (in 11mo)
Last made up 2026-04-08
Watchouts
None on the register
Cash
£2M
+33.4% vs 2023
Net assets
£3M
-5.6% vs 2023
Employees
42
0% vs 2023
Profit before tax
£816K
+73% vs 2023
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | — | — | |
| Operating profit | £454,082 | £784,682 | |
| Profit before tax | £471,554 | £815,984 | |
| Net profit | £306,732 | £569,743 | |
| Cash | £1,678,260 | £2,239,484 | |
| Total assets less current liabilities | £3,674,084 | £3,468,903 | |
| Net assets | £3,671,380 | £3,467,423 | |
| Equity | £3,671,380 | £3,467,423 | |
| Average employees | 42 | 42 | |
| Wages | £1,463,234 | £1,367,002 |
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 |
|---|---|---|---|
| Return on capital employed | 12.4% | 22.6% | |
| Current ratio | 2.35x | 2.06x | |
| Interest cover | 33.54x | 152.42x |
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
- WALTER HUNTER & CO LIMITED
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's ability to continue as a going concern for at least twelve months.”
Significant events
- “We have successfully implemented our new ERP system, streamlining operations and improving efficiencies across procurement, inventory management, and customer service. Additionally, we continue to enhance flexible working policies, striking a balance between remote and office-based operations to foster productivity and collaboration.”
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 |
|---|---|---|---|---|
| LING, Philip Henry | Director | 2022-04-21 | Apr 1946 | British |
| TAYLOR, Darren Mark | Director | 2022-04-21 | Jan 1968 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Philip Henry Ling | Individual | Shares 25–50% | 2022-06-01 | Active |
| Ms Mary Ling | Individual | Shares 25–50% | 2022-06-01 | Active |
| Mr Darren Mark Taylor | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-04-21 | Ceased 2022-06-01 |
Filing timeline
Last 20 of 21 total filings
Material constitutional events — rename, articles re-file, resolution
- 2022-07-01 RESOLUTIONS Resolution
- 2022-07-01 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-09-04 | AA | accounts | Accounts with accounts type group | |
| 2025-08-14 | SH03 | capital | Capital return purchase own shares | |
| 2025-08-13 | SH06 | capital | Capital cancellation shares | |
| 2025-08-11 | SH02 | capital | Capital alter shares redemption statement of capital | |
| 2025-04-17 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-03-03 | SH08 | capital | Capital name of class of shares | |
| 2024-12-12 | SH02 | capital | Capital alter shares redemption statement of capital | |
| 2024-12-12 | SH02 | capital | Capital alter shares redemption statement of capital | |
| 2024-10-04 | AA | accounts | Accounts with accounts type group | |
| 2024-04-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-10 | AA | accounts | Accounts with accounts type group | |
| 2023-06-14 | AA01 | accounts | Change account reference date company previous shortened | |
| 2023-04-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-07-01 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-07-01 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2022-07-01 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2022-07-01 | RESOLUTIONS | resolution | Resolution | |
| 2022-07-01 | MA | incorporation | Memorandum articles | |
| 2022-06-27 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 6
- 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
—
Not reported
-
Cash
+33.4%
£1,678,260 £2,239,484
-
Net assets
-5.6%
£3,671,380 £3,467,423
-
Employees
0%
42 42
-
Operating profit
+72.8%
£454,082 £784,682
-
Profit before tax
+73%
£471,554 £815,984
-
Wages
-6.6%
£1,463,234 £1,367,002
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