MET SERVE LIMITED

• ⚠

  Material uncertainty over going concern

  We draw attention to Note 1.2 in the financial statements, which describes the company's dependence on the renewal of its licence to continue operations. As at the reporting date, the company has sufficient reserves to meet its obligations for at least 12 months; however, there is a material uncertainty that may cast significant doubt on the company's ability to continue as a going concern. Our opinion is not modified in respect of this matter.

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

  +1.6%

  £11,965,306 → £12,151,177

• Cash

  +26.4%

  £3,788,186 → £4,786,829

  highest in 6 filed years

• Net assets

  +7.8%

  £4,761,573 → £5,134,922

  highest in 5 filed years

• Employees

  +6,550%

  2 → 133

  highest in 6 filed years

• Operating profit

  -55%

  £908,328 → £409,072

• Profit before tax

  -48.5%

  £934,588 → £481,711

  lowest in 3 filed years

• Wages

  +6.3%

  £6,175,878 → £6,563,067

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. MET SERVE LIMITED 2005-07-15 → present
2. METPLUMB LIMITED 2005-07-01 → 2005-07-15
3. METCON FABRICATIONS LIMITED 2005-04-07 → 2005-07-01

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

David Howard

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to Note 1.2 in the financial statements, which describes the company's dependence on the renewal of its licence to continue operations. As at the reporting date, the company has sufficient reserves to meet its obligations for at least 12 months; however, there is a material uncertainty that may cast significant doubt on the company's ability to continue as a going concern. Our opinion is not modified in respect of this matter.”

Significant events

• “Operating profit was lower than the previous year, largely as a result of the end of the transitional support payments received from the franchisor following the acquisition of another franchise area.”
• “material uncertainty related to licence renewal that may affect future operations”

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.