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J E Spence & Son Farms Ltd

08103064

active
Private Limited Company
Companies House
Health Score
90 / 100

Healthy

30/30
Filing
20/30
Financial
40/40
Risk

No risk factors detected.

Details

MILL HILL FARM, SKEGNESS, PE24 5AN
Incorporated 13/06/2012

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

01110
Growing of cereals (except rice), leguminous crops and oil seeds

Officers

Andrew James Spence

director · Since 13/06/2012

FARMER

BRITISH · UNITED KINGDOM · Age 68

Also on 2 other boards

Tracey Elizabeth Spence

director · Since 15/06/2012

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 61

Also on 2 other boards

Persons with Significant Control

Andrew James Spence

Significant control

British · United Kingdom · Age 68

Mill Hill Farm, Bratoft, Skegness, PE24 5AN

Notified 13/07/2016

Tracey Elizabeth Spence

25–50% shares
25–50% votes

British · United Kingdom · Age 61

Mill Hill Farm, Mill Field Road, Skegness, PE24 5AN

Notified 13/07/2016

CompanyRankvs 449+ SIC 01110 peers
79

Financial strength97th percentile among SIC peers · 24/25
Employees39th percentile among SIC peers · 6/15
LiquidityCurrent ratio 176.39× · 20/20
Longevity14 years trading (max 15) · 14/15
Filing complianceAll filings up to date · 15/15
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449J E Spence & Son Farms Ltd
78
How is this score calculated?
Financial strength24/25 pts

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

Employees6/15 pts

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

Liquidity20/20 pts

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

Longevity14/15 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.

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

Key FinancialsYear ending 31/03/2025

Net Worth

£13.6M

Balance sheet strength

Cash

£5.8M

Cash in the bank

Net Current Assets

£7.0M

Working capital

Current Assets

£7.1M

Current Liabilities

£40k

Fixed Assets

£6.6M

Debtors

£1.1M

2avg. employees

Balance Sheet

Intangible assets£23k
Assets less current liabilities£13.6M
Signed by 2024-04-01Prepared with Companies House

EstimatesDerived

YearCurrent RatioImplied Profit
2025176.39+£86k
2024—+£107k
2023—+£4.7M
2021—+£746k
2020—+£896k
2019—+£934k

Derived from filed accounts. Not audited figures.