How much does F and N Holdings Limited make?

F and N Holdings Limited reported revenue of £0 and £10.9m profit in the year to 31 Jan 2025, according to its accounts filed at Companies House.

How many employees does F and N Holdings Limited have?

F and N Holdings Limited reported an average of 2 employees in the year to 31 Jan 2025.

Is F and N Holdings Limited profitable?

Yes — F and N Holdings Limited reported a profit of £10.9m in the year to 31 Jan 2025.

Company No. 01000437 · Incorporated 21 Jan 1971

F and N Holdings Limited

Registered name: F AND N HOLDINGS LIMITED

Part of Armstrong Watson Trustees Limited group

F and N Holdings Limited made £0 revenue and £10.9m profit in the year to 31 Jan 2025. read from filing text

F and N Holdings Limited’s revenue was £0 in the year to 31 Jan 2025, with £10.9m profit and 2 employees. The company is classified under “other business support service activities” and is based in Penrith; we hold 4 years of its filed accounts.

Full P&L filedSection N · Administrative and support servicesSIC 82990Other business support service activities n.e.c.

Status: Active
Location: Penrith, North West
Age: 55 yrs · since 1971
Type: Private Limited Company

Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently. From the filing: “This company is wholly owned by F and N One Limited, a UK company controlled by Frank Bird. Group consolidated accounts are available from Companies House.”

Latest accounts · year to 31 Jan 2025

Key figures

Small team

Revenue

£0

Growth —

Profit

£10.9m

Growth —

Profit margin

—

Employees

Change ▲100%

Profit / employee

£5.5m

Revenue/employee £0

Profitable streak

1yr

Consecutive profitable years in our data

Unusual figures. Profit is higher than revenue in this filing. That usually means investment income, dividends from subsidiaries or one-off gains — or a mis-tagged figure. Check the original filing before drawing conclusions.

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Jan 2022	31 Jan 2023	31 Jan 2024	31 Jan 2025
Disclosure	Profit only	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	—	£0	£0	£0
Operating profit	£395k	£338k	−£1m	£831k
Profit before tax	£2.7m	£1.5m	−£1.1m	£11.9m
Profit after tax	£2.5m	£1.2m	−£1.4m	£10.9m
Profit (best available)	£2.5m	£1.2m	−£1.4m	£10.9m
Staff costs	—	£0	£1.5m	£0
Employees (average)	1	1	1	2
Ratios
Profit margin	—	—	—	—
Revenue per employee	—	£0	£0	£0
Profit per employee	£2.5m	£1.2m	−£1.4m	£5.5m
Growth (year on year)
Profit growth	—	▼53.8%	▼222.7%	—
Headcount growth	—	0%	0%	▲100%
Balance sheet — indirect signals, not revenue
Cash at bank	£27.1m	£28.6m	£30.3m	£42.7m
Net assets	£64.5m	£65.7m	£64.3m	£75.2m
Fixed assets	£24.4m	£24.4m	£22.6m	£22.5m
Current assets	£46.2m	£47.7m	£48.9m	£61.5m
Debtors	£123k	£154k	£312k	£609k
Deferred income	£96.4k	£13.2k	£794k	£123k
Source	Accounts · bulk data Oct 2023	Accounts · bulk data Oct 2023	FullAccounts · bulk data Oct 2024	FullAccounts · bulk data Oct 2025

Derived from the latest filing

How the business works

Profit margin: —; Profit ÷ revenue.
Gross margin: —; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £0; Revenue ÷ average employees.
Profit per employee: £5.5m; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: —; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: —; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets: ▲17%; Now £75.2m
Cash at bank: ▲41%; Now £42.7m
Headcount: ▲100%; Now 2
Deferred income: ▼85%; Now £123k
Fixed assets: ▼0%; Now £22.5m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Armstrong Watson Trustees Limitedultimate parent75–100%
F and N One Limited75–100%
F and N Holdings Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Subsidiaries (2)

Frank Bird (Poultry) LimitedRev. £82.4m · Profit £5.4m
Balingour LimitedRev. £14.2m · Profit £1m

From the Persons with Significant Control register (corporate controllers only).

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Jan 2025 (profit £10.9m), from the Companies House accounts bulk data published Oct 2025. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.