STERLING FURNITURE GROUP LIMITED
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Next accounts due
2026-08-31 (in 3mo)
Last filed for 2024-08-31
Confirmation statement due
2026-09-03 (in 4mo)
Last made up 2025-08-20
Watchouts
None on the register
Cash
£3M
Latest balance sheet
Net assets
£25M
Equity attributable
Employees
441
Average over period
Profit before tax
-£4M
Period ending 2024-08-31
Name history
Renamed 1 time since incorporation
- STERLING FURNITURE GROUP LIMITED 1995-10-26 → present
- STERLING WAREHOUSES LIMITED 1973-09-25 → 1995-10-26
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2024-08-31
| Metric | Trend | 2023-08-31 | 2024-08-31 |
|---|---|---|---|
| Turnover | £83,683,595 | £50,551,091 | |
| Operating profit | £251,821 | -£3,820,919 | |
| Profit before tax | £43,870 | -£3,963,283 | |
| Net profit | £301,943 | -£3,835,395 | |
| Cash | £2,028,807 | £2,755,766 | |
| Total assets less current liabilities | £31,863,165 | £28,904,659 | |
| Net assets | £29,157,287 | £25,321,892 | |
| Equity | £29,157,287 | £25,321,892 | |
| Average employees | 550 | 441 | |
| Wages | £19,590,153 | £13,483,834 |
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 | 2023-08-31 | 2024-08-31 |
|---|---|---|---|
| Operating margin | 0.3% | -7.6% | |
| Net margin | 0.4% | -7.6% | |
| Return on capital employed | 0.8% | -13.2% | |
| Current ratio | 1.36x | 1.30x | |
| Interest cover | 1.21x | -26.84x |
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
- French Duncan LLP trading as AAB
- 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 or the parent Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- STERLING FURNITURE GROUP LIMITED · parent
- Butterfly Inns Limited 100%
- Devonvale Building Company (Tillicoultry) Limited 100%
- Forrest Furnishing Limited 100%
- Anderson and England Limited 100%
- James L. Archibald and Sons Limited 100%
- Archibalds Property Limited 100%
- Buicks (Montrose) Limited 100%
- Dalglen (No. 902) Limited 100%
- Forrest Holdings Limited 100%
- Garvock Designs Limited 100%
- Garvock Estates Limited 100%
- Queensway Furniture Centres Limited 100%
- Seats and Sofas Limited 100%
- Sofa Trend Ltd. 100%
- Sterling Garden Centre Limited 100%
- Sterling Warehouses Ltd. 100%
- Sterling Attractions Ltd. 100%
- Thomsons World of Furniture Limited 100%
- The Tillicoultry Trading Company Limited 100%
- Vogue House Furnishers Limited 100%
Significant events
- “The year under review was one of significant challenge for Sterling Furniture Group, resulting in a pre-tax loss of £3,963,283.”
- “Leadership changes followed the end of the reporting period, with a new Non-Executive Chair, Chief Executive, and group board advisor appointed.”
- “Strategic decisions were taken to re-focus the business on its strengths, reduce costs, improve product range, and ensure stability.”
- “Planned refurbishment of the retail estate, launch of a new Shopify-based ecommerce platform, and rebranding of certain entities to Sterling Home.”
- “The Group marked its 50th anniversary in October 2024.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 11 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MCCORMICK, Gillian | Secretary | 2025-07-14 | — | — |
| DUNN, Bernard George | Director | 2024-10-04 | May 1958 | British |
| GRAHAM, Andrew Murray | Director | 2023-09-25 | Feb 1991 | British |
| GRAHAM, Euan James | Director | 2023-09-25 | Jun 1993 | British |
| KNOWLES, George Smith | Director | 2023-09-25 | Oct 1989 | British |
| ROBERTSON, Stewart Martin | Director | 2024-12-03 | Apr 1966 | British |
Show 11 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GRAHAM, Andrew Murray | Secretary | 2023-09-25 | 2025-07-14 |
| MEARNS, Gordon Lawrence | Secretary | — | 2023-09-22 |
| BARCLAY, Kenneth Edward | Director | 2024-02-23 | 2024-11-18 |
| GRAHAM, Lesley Anne | Director | 1997-09-01 | 2023-12-23 |
| HOWARTH, Suzanne | Director | 1997-09-01 | 2023-09-22 |
| KNOWLES, George Smith | Director | — | 2023-09-22 |
| KNOWLES, Isabella Mclauchlan | Director | — | 2023-09-22 |
| KNOWLES JNR, George Smith | Director | — | 2003-06-15 |
| MEARNS, Gordon Lawrence | Director | 1991-05-10 | 2023-09-22 |
| MOYLAN, Thomas Michael | Director | 1991-05-10 | 2007-10-10 |
| PATTISON, John Mcdaid | Director | 2023-09-08 | 2024-11-04 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr. Robin Jonathan Garrett | Individual | ownership-of-shares-25-to-50-percent-as-trust, voting-rights-25-to-50-percent-as-trust | 2023-10-21 | Active |
| Lindsays Trustees & Executors Limited | Corporate entity | ownership-of-shares-25-to-50-percent-as-trust, voting-rights-25-to-50-percent-as-trust | 2022-06-28 | Active |
| Mrs Lesley Anne Graham | Individual | ownership-of-shares-25-to-50-percent-as-trust, voting-rights-25-to-50-percent-as-trust | 2021-03-08 | Ceased 2023-12-23 |
| Suzanne Jean Howarth | Individual | ownership-of-shares-25-to-50-percent-as-trust, voting-rights-25-to-50-percent-as-trust | 2021-03-08 | Ceased 2022-06-28 |
| Mr George Smith Knowles | Individual | Shares 25–50%, Voting 25–50%, Significant influence | 2016-04-06 | Ceased 2021-03-08 |
| Mr George Smith Knowles | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Active |
Filing timeline
Last 20 of 211 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-08-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-08 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-08-08 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-06-04 | AA | accounts | Accounts with accounts type group | |
| 2025-02-26 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-02-25 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-02-24 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-02-13 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-02-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-02-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-02-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-02-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-02-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-02-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-02-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-02-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-02-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-02-06 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-12-04 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-29 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
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 2024-08-31 vs 2023-08-31