FARMERS FIRST LIMITED
Company number 03945957 · Monitor this company
Executive summary
Farmers First Limited presents a mixed credit profile: the group maintains a substantial £134M revenue base, a positive net asset position of £1.67M, and has achieved significant deleveraging with liabilities reduced by 74%. However, profitability has collapsed to a post-tax loss of £105K, revenue is declining, and the PBT margin is a razor-thin 0.06% of turnover, leaving virtually no headroom for additional debt service. The improving cash position and debt reduction suggest underlying cash generation is stronger than reported profits indicate, but the business remains vulnerable to further revenue decline, commodity price volatility, and Brexit-related export disruption. Credit facilities should be considered on a conditional basis with appropriate financial covenants tied to minimum EBITDA and cash flow thresholds.
Shareholders' funds
£1,673,611
Balance sheet as at 2025-05-30
What it does
The principal activity of the group in the period under review was the operation of abattoirs and the promotion of lamb products.
The company's own description, from its latest filed accounts.
Overview
- Company type
- Private Limited Company
- Incorporated
- 2000-03-13
- Employees
- 92 (2025 accounts · was 94 in 2024)
- Registered office
- One, Glass Wharf, Bristol, BS2 0ZX
- Postcode
- BS2 0ZX
- Capital
- 627,550 GBP
- Accounts category
- Group
- Charges
- 0 outstanding
Accounts
- Last made up to
- 2025-05-30
- Next due by
- 2027-02-28
- Financial year end
- 30 May
Confirmation statement
- Last statement dated
- 2026-07-02
- Next due by
- 2027-07-16
Nature of business (SIC)
- 64201 Activities of agricultural holding companies
Officers 10 current · 16 resigned
Group structure 2 subsidiaries
From persons-with-significant-control filings on the public register.
Modern slavery statement
Registered a modern slavery statement for 2024 (period to 2024-05-31) — 5 years on the registry.
Read the statement summary on the government modern slavery statement registry. Contains public sector information licensed under the Open Government Licence v3.0.
Previous company names
| Name | Date changed |
|---|---|
| FARMERS FIRST PLC | 2010-10-14 |
| SECURERETURN PUBLIC LIMITED COMPANY | 2000-04-10 |
Previous registered addresses 6
| Address | Changed on |
|---|---|
| CHANCERY PAVILION BOYCOTT AVENUE, OLDBROOK, MILTON KEYNES, BUCKINGHAMSHIRE, MK6 2TA | 2014-01-02 |
| PWLL MAIR, LLANVIHANGEL CRUCORNEY, ABERGAVENNY, GWENT, NP7 8EF | 2009-06-01 |
| GISTERED OFFICE CHANGED ON 01/06/2009 FROM, PWLL MAIR, LLANVIHANGEL CRUCORNEY, ABERGAVENNY, GWENT, NP7 8EF | 2009-06-01 |
| DAVELA, LLANSTEPHAN, BRECON, POWYS LD3 0AJ | 2006-02-16 |
| DAVELA LLYSWEN, LLANSTEPHAN, BRECON, POWYS LD3 0AJ | 2000-06-15 |
| 1 MITCHELL LANE, BRISTOL, AVON BS1 6BZ | 2000-04-25 |
Among its peers
Top 25%
by shareholders' funds, of 1,339 similar companies in BS — measured against the wider sector
Among the biggest employers among its local peers (92 staff).
Among the oldest 25% of its local peers, trading since 2000.
The class of 2000
41%
of the 75,534 companies incorporated in 2000 are still active today; 56% have since been dissolved.
A fact about the year, not a forecast for this company.