MORSPAN CONSTRUCTION LIMITED

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

  +34.7%

  £16,005,582 → £21,563,476

  highest in 3 filed years

• Cash

  +172.3%

  £665,524 → £1,812,002

  highest in 3 filed years

• Net assets

  -18.7%

  £2,698,281 → £2,192,546

• Employees

  +16.1%

  31 → 36

  highest in 3 filed years

• Operating profit

  +17.8%

  £808,969 → £952,777

  highest in 3 filed years

• Profit before tax

  +26.8%

  £782,508 → £991,927

  highest in 3 filed years

• Wages

  +13.1%

  £1,621,012 → £1,833,618

  highest in 3 filed years

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

Ellis Lloyd Jones Audit 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 entity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.”

Significant events

• “Demand for our core product has continued to recover over the last two financial years. During this year, demand strengthened further, which is reflected in the year's turnover. At the beginning of the year the business moved away from relying on refurbishment work and smaller projects to maintain activity. As the year progressed, enquiries for new-build poultry units and commercial units gathered pace and, by the year end, we had returned to operating at full capacity.”
• “The company continues to undertake research and development activity within the poultry industry. We have also worked to retain our leadership position in innovation, including involvement in the implementation of acid-based scrubbers, heat recovery solutions and enhanced site bio-security measures across all poultry sectors.”
• “The Better Chicken Commitment (BCC), driven primarily by lower stocking densities, will require additional broiler houses and, together with the technologies noted above, is expected to support further demand for our products and and services.”
• “Interest within the poultry sector continues in relation to manure storage and the more sustainable and efficient use of its energy and nutrient content. Over the past two years we have supported the development of prototype manure-handling facilities housed in purpose-built buildings that we supplied.”
• “The company also continues to collaborate with consultants and specialists on the design and construction of industrial-scale inland prawn farming facilities in the UK, incorporating a Recirculating Aquaculture System (RAS).”

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

Filings

3

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.