MBJSC PRODUCE LIMITED

• ⚠

  Material uncertainty over going concern

  The current financial position of the company indicates that a material uncertainty exists, which may cast doubt over the company's ability to continue as a going concern.

• ◆

  Audit opinion: Qualified

  Latest auditor's report carried a non-clean opinion.

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

  -18.6%

  £26,081,990 → £21,236,253

  lowest in 5 filed years

• Cash

  -66.7%

  £71,700 → £23,847

• Net assets

  +13.7%

  -£1,101,971 → -£951,518

• Employees

  -13.2%

  68 → 59

• Operating profit

  -31.1%

  £398,669 → £274,795

  first positive since 2021

• Profit before tax

  -39.2%

  £247,378 → £150,453

  first positive since 2021

• Wages

  -6.8%

  £1,631,155 → £1,520,028

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

Tag Assurance Services

Audit opinion

Qualified

Going concern

Material uncertainty disclosed

“The current financial position of the company indicates that a material uncertainty exists, which may cast doubt over the company's ability to continue as a going concern.”

Significant events

• “During the year ended 31st October 2024 MBJSC Produce Limited, had to continue to navigate high costs surrounding administration and direct costs due to inflation, energy costs did start to slowly reduce during the year which was important for continued operations. The continued lack of produce availability in the country which continued to drive up purchase prices, and with supermarkets still making it difficult to renegotiate selling prices, made it very difficult to meet the profit margins required for the company to prosper and recover from prior year losses.”

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.