LOUGHTON CONTRACTS PLC

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

  +5.4%

  £52,627,676 → £55,460,485

• Cash

  +1,818.2%

  £22 → £422

• Net assets

  -1.2%

  £11,347,747 → £11,206,114

• Employees

  +5.6%

  108 → 114

• Operating profit

  -25.5%

  £1,312,583 → £977,770

• Profit before tax

  -37.7%

  £1,011,568 → £630,135

• Wages

  +0.4%

  £7,076,039 → £7,102,006

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.

1. LOUGHTON CONTRACTS PLC 2005-05-24 → present
2. LOUGHTON CONTRACT CARPETS PLC 1992-12-10 → 2005-05-24
3. SEYMAC 27 LIMITED 1992-10-02 → 1992-12-10

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Moore Kingston Smith LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The company has remained profitable during the period. The company achieved profits after taxation for the year ended 31 December 2024 of £553,292 (2023: £766,751) and had net assets of £11,282,957 (2023: £11,347,747) at the balance sheet date. The company entered into a £6m invoicing discounting facility in November 2022 that has a minimum term of 36 months subject to contract conditions. The facility is due to expire in November 2025 however the provider of the invoice discounting facility has confirmed that subject to continued compliance with the terms, they would expect to continue to provide the facility up to and including July 2026. The Directors have prepared flexed cashflow forecasts to show that the covenants attached to this facility will not be breached in the next twelve months. Based on this the directors consider it appropriate to prepare the financial statements on a going concern basis. 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

• “In September, ISG one of our major clients for over 30 years - entered administration. This was a significant and unexpected event, causing substantial disruption across the sector and leading to the failure of many subcontractors exposed to unpaid work and retentions. Loughton, however, was able to act swiftly and decisively. Thanks to the strength of our commercial and project delivery teams, we successfully renegotiated and novated the majority of our ISG subcontracts with incoming main contractors. This ensured continuity of work, protected our revenue streams, and preserved the stability of our operations during a turbulent period.”

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

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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