MILBANK CONCRETE PRODUCTS LIMITED
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Cash
£216k
-46.5% vs 2023
Net assets
£7.4m
+0.4% vs 2023
Employees
137
+0.7% vs 2023
Profit before tax
£3.2m
-43.1% vs 2023
Net assets
5-year trend · vs Consumer Discretionary median
Accounts
5-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | £18,817,689 | £21,888,251 | £24,487,363 | £27,857,229 | £25,049,565 | -10.1% | |
| Operating profit | £1,930,321 | £3,058,861 | £2,794,436 | £5,459,033 | £3,140,880 | -42.5% | |
| Profit before tax | £1,936,425 | £3,126,602 | £2,906,191 | £5,676,970 | £3,231,041 | -43.1% | |
| Net profit | £1,521,346 | £2,399,499 | £2,358,787 | £4,328,054 | £2,466,758 | -43% | |
| Cash | £101,385 | £120,294 | £346,971 | £404,325 | £216,384 | -46.5% | |
| Total assets less current liabilities | £7,832,209 | £8,900,964 | £8,783,744 | £8,092,927 | £8,693,369 | +7.4% | |
| Net assets | £6,813,699 | £7,682,035 | £8,140,822 | £7,318,876 | £7,350,634 | +0.4% | |
| Equity | £6,813,699 | £7,682,035 | £8,140,822 | £7,318,876 | £7,350,634 | +0.4% | |
| Average employees | 143 | 139 | 140 | 136 | 137 | +0.7% | |
| Wages | £5,148,116 | £5,138,264 | £5,858,674 | £6,081,483 | £6,250,678 | +2.8% | |
| Directors' remuneration | £382,783 | £251,348 | £420,220 | £661,024 | £729,480 | +10.4% | |
| Directors' pension contributions | — | — | — | £29,160 | £39,551 | +35.6% | |
| Highest paid director | — | — | — | £157,207 | £195,654 | +24.5% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | 10.3% | 14.0% | 11.4% | 19.6% | 12.5% | |
| Net margin | 8.1% | 11.0% | 9.6% | 15.5% | 9.8% | |
| Return on capital employed | 24.6% | 34.4% | 31.8% | 67.5% | 36.1% | |
| Gearing (liabilities / total assets) | 39.7% | 39.9% | 39.5% | 49.5% | 45.2% | |
| Current ratio | — | — | — | 1.69x | 1.96x | |
| Interest cover | 30.77x | 64.61x | 43.38x | 85.44x | 38.02x |
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.
Name history
Renamed 1 time since incorporation
- MILBANK CONCRETE PRODUCTS LIMITED 2012-03-08 → present
- MILBANK ROOFS LIMITED 2001-04-11 → 2012-03-08
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Ensors
- 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”
Significant events
- “In 2024, a low-carbon concrete mix using cement replacement technology was introduced, achieving up to 21% reduction in cement content without performance compromise. This is expected to reduce 2,800 tonnes of Scope 3 CO2e annually.”
- “The company has influenced its key suppliers to follow Milbank Concrete Products in the switch from diesel to renewable HVO biofuel which is estimated to save a further 715 tonnes of Scope 3 CO2e annually.”
- “During the year the company also invested over £500k in carbon saving assets expanding the solar infrastructure across both production facilities and replacing several diesel-powered plant assets with fully electric versions. This included a new battery powered concrete transporter - the first of its kind in the UK.”
- “Subsequent to the period end the Company entered into a debenture with a lender, HSBC UK Bank Plc, which contains a fixed charge over certain assets and floating charge over all property and undertaking of the Company, present or future in relation to amounts owed by the Company or any other group companies. The existing Composite Guarantee and Debenture with Arbuthnot Commercial Asset Based Lending Limited and Debenture and Omnibus Guarantee & Set-off Agreement with Lloyds Bank Plc, were released at the same time.”
- “The Company also entered into a charge with HSBC Invoice Finance (UK) Limited which contains a fixed charge over certain assets and a floating charge over certain present and future assets in relation to amounts owed by the Company.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 17 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| COWEN, Lee Graham | Director | 2023-11-20 | Jun 1969 | British |
| MILBANK, Sean Rickard | Director | 2001-04-11 | Apr 1970 | British |
| SPARROW, Matthew James | Director | 2014-11-20 | Feb 1980 | British |
| THOMPSON, Peter Mark | Director | 2025-01-01 | Oct 1985 | British |
| WOOD, Richard Thomas | Director | 2023-05-25 | Nov 1983 | British |
Show 17 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DRAYCOTT, Harold William | Secretary | 2001-04-11 | 2008-11-10 |
| KARR, Simon | Secretary | 2008-11-10 | 2010-12-20 |
| RM REGISTRARS LIMITED | Corporate Nominee Secretary | 2001-04-11 | 2001-04-11 |
| COSTIN, David Mark | Director | 2008-11-10 | 2026-05-29 |
| CUTTS, Chelsea Maria | Director | 2022-01-10 | 2024-02-29 |
| FINNIE, Ross Robert | Director | 2008-01-09 | 2008-11-10 |
| LAW, Christopher Ian | Director | 2008-01-09 | 2008-11-10 |
| MAXWELL, Philip Leon | Director | 2023-05-25 | 2025-01-31 |
| MAYNE, Andrew Scott | Director | 2008-11-10 | 2021-04-30 |
| MCCORMICK, David John | Director | 2018-05-01 | 2023-05-31 |
| MILBANK, Anna Mary Gittus | Director | 2005-07-21 | 2008-11-10 |
| MILBANK, John Gearon Byford | Director | 2001-05-31 | 2020-12-23 |
| MILBANK, Michael Jeremy Colin | Director | 2001-05-31 | 2007-10-12 |
| PERRY, Martin John | Director | 2023-05-25 | 2024-09-30 |
| PYGALL, Christopher | Director | 2022-01-10 | 2023-05-05 |
| WRIGHT, Barry Ian | Director | 2011-07-13 | 2013-09-30 |
| RM NOMINEES LIMITED | Corporate Nominee Director | 2001-04-11 | 2001-04-11 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Milbank Ventures Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 139 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-21 | AA | accounts | Accounts with accounts type full | |
| 2026-06-08 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-08 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-09-26 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-09-19 | AA | accounts | Accounts with accounts type full | |
| 2025-04-16 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-04-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-15 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-04-11 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-04-11 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-04-11 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-02-14 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-10 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-05 | CH01 | officers | Change person director company with change date | |
| 2024-10-04 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-07 | AA | accounts | Accounts with accounts type full | |
| 2024-04-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-01 | TM01 | officers | Termination director company with name termination date | |
| 2023-11-20 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.