R.G. TAYLOR ENGINEERING LIMITED

• ◆

  4 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

• ◆

  2 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  +34.1%

  £16,379,835 → £21,964,826

  highest in 4 filed years

• Cash

  +110.6%

  £1,050,869 → £2,212,684

  highest in 7 filed years

• Net assets

  +67.9%

  £2,903,412 → £4,874,949

  highest in 4 filed years

• Employees

  -3.6%

  28 → 27

  lowest in 4 filed years

• Operating profit

  +891.9%

  £306,964 → £3,044,858

  highest in 4 filed years

• Profit before tax

  +965.2%

  £285,309 → £3,039,049

  highest in 4 filed years

• Wages

  +16.4%

  £1,306,904 → £1,520,769

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Rickard Luckin Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, 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.”

Significant events

• “The risks and uncertainties within the construction industry include the following: Shortage of apprentices entering the industry; Lack of qualified managers and professionals; First time buyers struggling to get onto the property ladder; Potential increase on the cost of raw materials, due to the current global economic uncertainty; Planning conditions for our clients with the Fire Safety Act and Gateway Planning Conditions.”
• “However, the construction industry is now facing a dilemma with the lack of confirmed planning applications, held up by the Gateway and fire safety act conditions. This will cause a backlog of projects waiting to be started and could potentially cause a downturn in production for the housing market within the coming months.”
• “Training remains a large focus within the company, and we can confirm a further cohort of apprentices have been employed, with additional training for those within the business that are following a promotional progression.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

19

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

4

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.