TRISTAR FOODS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-11-06 (in 6mo)
Last made up 2025-10-23
Watchouts
Cash
£614K
+100.5% vs 2023
Net assets
-£2M
-50.4% vs 2023
Employees
197
-42.1% vs 2023
Profit before tax
—
Period ending 2024-12-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The financial statements have been prepared on a going concern basis due to the continuing financial support of the ultimate parent Niyamo Ventures Ltd. Niyamo Ventures Ltd have provided a letter of support which confirms their intention to continue to financially support the liquidity and cash flow of the business going forward.
-
5 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £16,624,962 | £14,356,487 | |
| Operating profit | -£1,322,827 | -£666,237 | |
| Profit before tax | — | — | |
| Net profit | -£1,322,827 | -£666,237 | |
| Cash | £306,213 | £613,995 | |
| Total assets less current liabilities | -£522,826 | -£1,189,063 | |
| Net assets | -£1,322,826 | -£1,989,063 | |
| Equity | -£1,322,826 | -£1,989,063 | |
| Average employees | 340 | 197 | |
| Wages | £5,937,979 | £4,648,357 |
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 | -8.0% | -4.6% | |
| Net margin | -8.0% | -4.6% | |
| Return on capital employed | 253.0% | 56.0% | |
| Current ratio | 0.41x | 0.42x |
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
- Standalone (parent only)
- Auditor
- XEINADIN AUDIT LIMITED
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The financial statements have been prepared on a going concern basis due to the continuing financial support of the ultimate parent Niyamo Ventures Ltd. Niyamo Ventures Ltd have provided a letter of support which confirms their intention to continue to financially support the liquidity and cash flow of the business going forward.”
Significant events
- “In November 2025, NiyamoVentures Ltd acquired a controlling interest in the Company and injected £2.5m into the Company to support the liquidity and cash flow of the business whilst the Business Plan to return the Company to profitability is implemented.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ARORA, Sumit | Director | 2026-01-13 | Nov 1978 | British |
| DAVE, Vivek | Director | 2025-10-06 | Oct 1982 | British |
| MEDIRATTA, Hitesh | Director | 2026-01-15 | Sep 1982 | Indian |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| AZIZ, Haseeb Ahmed | Director | 2023-01-09 | 2025-10-06 |
| COX, Gavin Eliot | Director | 2023-01-16 | 2025-10-06 |
| FENWICK, Owen | Director | 2025-10-06 | 2026-01-15 |
| SHARMA, Bhavna | Director | 2025-10-06 | 2026-01-13 |
| VYAS, Sandeep | Director | 2022-12-12 | 2025-10-06 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Tristar Foods Holdco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-01-11 | Active |
| Mr Sandeep Vyas | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-12-12 | Ceased 2023-01-11 |
Filing timeline
Last 20 of 25 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-19 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-15 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-13 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-13 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-08 | AA | accounts | Accounts with accounts type full | |
| 2025-12-09 | AA | accounts | Accounts with accounts type full | |
| 2025-10-28 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-10-22 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-10-15 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-15 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-15 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-15 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-15 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-15 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-09 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-02-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-22 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-01-19 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-01-19 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-01-18 | AD01 | address | Change registered office address company with date old address new address |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 15
- Capital events
- 0
- Officers appointed
- 3
- Officers resigned
- 5
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
-13.6%
£16,624,962 £14,356,487
-
Cash
+100.5%
£306,213 £613,995
-
Net assets
-50.4%
-£1,322,826 -£1,989,063
-
Employees
-42.1%
340 197
-
Operating profit
+49.6%
-£1,322,827 -£666,237
-
Wages
-21.7%
£5,937,979 £4,648,357
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