{"name":"FARMERS FIRST LIMITED","company_number":"03945957","status":"Active","type":"Private Limited Company","incorporated":"2000-03-13","dissolved":null,"registered_office":"One, Glass Wharf, Bristol, BS2 0ZX","postcode":"BS2 0ZX","sic_codes":[{"code":64201,"description":"Activities of agricultural holding companies"}],"principal_activity":"The principal activity of the group in the period under review was the operation of abattoirs and the promotion of lamb products.","previous_names":[{"name":"FARMERS FIRST PLC","changed_on":"2010-10-14"},{"name":"SECURERETURN PUBLIC LIMITED COMPANY","changed_on":"2000-04-10"}],"warnings":[],"accounts":{"category":"Group","year_end":"30 May","last_made_up_to":"2025-05-30","next_due":"2027-02-28"},"employees":{"count":92,"accounts_date":"2025-05-30"},"financials":[{"financial_date":"2025-05-30","profit_loss":-105555,"cash":94561,"average_employees":92},{"financial_date":"2024-05-30","profit_loss":520513,"cash":76604,"average_employees":94},{"financial_date":"2023-05-30","cash":62589}],"officers":{"current":8,"resigned":18,"complete":true,"note":"Names and details of individual officers are on the People page (subscriber-only on this site) and free at Companies House."},"charges":{"total":0,"outstanding":0},"gazette_notices":[],"insolvency_outcome":null,"ai_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.","website":null,"links":{"page":"https://www.companiesintheuk.co.uk/ltd/farmers-first","people":"https://www.companiesintheuk.co.uk/company/farmers-first/people","filing_history":"https://www.companiesintheuk.co.uk/company/farmers-first/filing-history","companies_house":"https://find-and-update.company-information.service.gov.uk/company/03945957","financials":"https://www.companiesintheuk.co.uk/company/farmers-first/financial","control":"https://www.companiesintheuk.co.uk/company/farmers-first/control","charges":"https://www.companiesintheuk.co.uk/company/farmers-first/charges","ai_analysis":"https://www.companiesintheuk.co.uk/company/farmers-first/analysis"},"source":"CompaniesInTheUK, from Companies House, The Gazette and other public registers (see /support/about). Cite as: CompaniesInTheUK, https://www.companiesintheuk.co.uk/ltd/farmers-first"}