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Staples Brothers Limited

00568996

active
Private Limited Company
england wales
Companies House
Health Score
88 / 100

Healthy

30/30
Filing
20/30
Financial
38/40
Risk
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

STATION FARM, NEAR BOSTON, PE22 0SE
Incorporated 16/07/1956

Compliance

Last accounts

05/04/2025

full

Next accounts due

05/01/2027

On track

Confirmation statement

Last: 01/11/2025

Due 15/11/2026

On track

Industry

01130
Growing of vegetables and melons, roots and tubers

Officers

Mr Vernon Edward Read

director · Since 03/11/1991

FARM MANAGER

BRITISH · ENGLAND · Age 57

Also on 4 other boards

Mr George Read

director · Since 21/10/1992

FARM MANAGER

BRITISH · UNITED KINGDOM · Age 56

Also on 11 other boards

Mr George Read

secretary · Since 09/05/1997

BRITISH · ENGLAND · Age 56

Also on 11 other boards

Ben Jobling-Purser

director · Since 14/11/2025

DIRECTOR

BRITISH · WALES · Age 41

Persons with Significant Control

Vectis Bidco Limited

75–100% shares
75–100% votes
Appoint directors

3rd Floor 1, Ashley Road, Altrincham, WA14 2DT

Reg: 16775966 · Companies House Register · Private Limited Company

Notified 17/11/2025

Former PSCs

Mr Vernon Edward Read

Ceased 09/03/2021

Mr George Read

Ceased 09/03/2021

Janet Read

Ceased 09/03/2021

S Farms Limited

Ceased 17/11/2025

Charges1 outstanding

Charge
outstanding

COÖPERATIEVE RABOBANK U.A., FACILITY AGENT AND SECURITY AGENT

Created 06/03/2026Registered 09/03/2026
Charge
satisfied

HSBC UK BANK PLC

Created 23/02/2021Registered 26/02/2021Satisfied 04/02/2026
Charge
satisfied

LLOYDS BANK PLC

Created 25/05/2016Registered 02/06/2016Satisfied 27/10/2020
charge
satisfied

LLOYDS TSB BANK PLC

Created 17/08/2012Registered 18/08/2012Satisfied 23/02/2021
charge
satisfied

VERNON EDWARD READ GEORGE READ AND JANET READ BEING THE TRUSTEES OF THE STAPLES 1993 PENSION FU

Created 09/10/2008Registered 22/10/2008Satisfied 13/04/2021
charge
satisfied

LLOYDS TSB BANK PLC

Created 06/11/2004Registered 10/11/2004Satisfied 14/07/2021
charge
satisfied

LLOYDS TSB BANK PLC

Created 08/09/2003Registered 10/09/2003Satisfied 27/10/2020
charge
satisfied

LLOYDS TSB BANK PLC

Created 28/08/2003Registered 30/08/2003Satisfied 23/02/2021
charge
satisfied

AMC BANK LIMITED

Created 17/01/2003Registered 29/01/2003Satisfied 06/08/2021
charge
satisfied

AMC BANK LIMITED

Created 20/07/2001Registered 27/07/2001Satisfied 06/08/2021
charge
satisfied

AMC BANK LIMITED

Created 20/07/2001Registered 27/07/2001Satisfied 06/08/2021

CompanyRankvs 201+ SIC 01130 peers
54

Financial strength100th percentile among SIC peers · 25/25
Employees49th percentile among SIC peers · 7/15
LiquidityCurrent ratio 1.23× · 12/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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How is this score calculated?
Financial strength25/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees7/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity12/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Going concern doubt: -10 pts

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the 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. Our responsibilities and the responsibilities of the directors with respect to going co

Key FinancialsYear ending 05/04/2025

Turnover

£77.6M

Annual revenue

Net Worth

£50.2M

Balance sheet strength

Cash

£29k

Cash in the bank

Profit Before Tax

£23.2M

Bottom line earnings

Net Current Assets

£6.3M

Working capital

Current Assets

£34.1M

Current Liabilities

£27.9M

Fixed Assets

£53.7M

Debtors

£17.6M

Cost of Sales

£45.4M

Gross Profit

£32.2M

Admin Expenses

£8.9M

Operating Profit

£23.5M

Profit After Tax

£17.0M

2avg. employees

Tax at Year End

Dividends paid£9.7M

People Costs(2022)

NI contributions-£222k

Balance Sheet

Intangible assets£600
Assets less current liabilities£60.0M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20251.23+£7.4M
20241.63+£2.8M
20231.74+£778k
20222.38

Derived from filed accounts. Not audited figures.