MIDWEST CONSTRUCTION LIMITED
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Cash
£1.1m
-45.7% vs 2024
Net assets
£7.2m
+1.9% highest in 6 filed years
Employees
10
-9.1% lowest in 6 filed years
Profit before tax
£235k
+466.2% first positive since 2021
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-11-30
| Metric | Trend | 2020-11-30 | 2021-11-30 | 2022-11-30 | 2023-11-30 | 2024-11-30 | 2025-11-30 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | £16,035,786 | £12,166,203 | £27,666,413 | £31,410,452 | £10,093,699 | £5,981,018 | -40.7% | |
| Operating profit | £688,707 | £31,107 | £1,100,560 | £356,900 | £102,397 | £298,316 | +191.3% | |
| Profit before tax | £590,958 | -£42,964 | £980,305 | £264,013 | £41,520 | £235,096 | +466.2% | |
| Net profit | £479,880 | £166,027 | £929,994 | £358,984 | -£34,018 | £131,381 | +486.2% | |
| Cash | £3,885,483 | £724,717 | £3,570,168 | £2,190,319 | £1,962,525 | £1,065,052 | -45.7% | |
| Total assets less current liabilities | £5,665,460 | £5,835,108 | £6,774,650 | £9,512,022 | £9,526,797 | £8,410,428 | -11.7% | |
| Net assets | £5,627,025 | £5,793,052 | £6,723,046 | £7,082,030 | £7,048,012 | £7,179,393 | +1.9% | |
| Equity | £5,627,025 | £5,793,052 | £6,723,046 | £7,082,030 | £7,048,012 | £7,179,393 | +1.9% | |
| Average employees | 16 | 15 | 16 | 15 | 11 | 10 | -9.1% | |
| Wages | £853,564 | £1,328,059 | £1,287,334 | £1,081,117 | £686,920 | £574,070 | -16.4% | |
| Directors' remuneration | £200,000 | £514,488 | £456,267 | £232,400 | £143,471 | £139,539 | -2.7% |
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 | 2020-11-30 | 2021-11-30 | 2022-11-30 | 2023-11-30 | 2024-11-30 | 2025-11-30 |
|---|---|---|---|---|---|---|---|
| Operating margin | 4.3% | 0.3% | 4.0% | 1.1% | 1.0% | 5.0% | |
| Net margin | 3.0% | 1.4% | 3.4% | 1.1% | -0.3% | 2.2% | |
| Return on capital employed | 12.2% | 0.5% | 16.2% | 3.8% | 1.1% | 3.5% | |
| Gearing (liabilities / total assets) | 54.4% | 47.9% | 61.7% | 44.3% | 37.8% | 46.7% | |
| Current ratio | — | — | — | 2.11x | 3.10x | 1.56x | |
| Interest cover | 5.80x | 0.33x | 8.02x | 3.21x | 0.99x | 4.30x |
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
- MIDWEST CONSTRUCTION LIMITED 2022-10-03 → present
- MIDWEST FORMWORK UK LTD 2009-11-12 → 2022-10-03
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Ashford Louis
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have assessed the company's ability to continue as a going concern, having particular regard to its net current asset position of £2.86 million, profit before tax of £235,096 for the year, the substantial reduction in the Corjobe Investment Ltd loan, and the absence of any bank borrowings. On this basis, the directors are satisfied that the company has adequate resources to continue in operational existence for the foreseeable future, and the financial statements have been prepared on a going concern basis.”
Group structure
- MIDWEST CONSTRUCTION LIMITED · parent
- Midwest Formwork Holding Limited
Significant events
- “During the year, the company made charitable donations totalling £20,842 (2024: £4,127) to UK registered charities - a significant increase reflecting the company's growing commitment to its social responsibilities as profitability has improved.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CORCORAN, Martin | Director | 2009-11-12 | Oct 1978 | Irish |
| CORCORAN, Shane | Director | 2009-11-12 | Jul 1977 | Irish |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CORCORAN, Joe | Director | 2009-11-12 | 2011-08-02 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Martin Thomas Corcoran | Individual | Shares 75–100% (as firm) | 2016-11-12 | Active |
| Mr Shane Corcoran | Individual | Voting 75–100% | 2016-11-12 | Active |
Filing timeline
Last 20 of 44 total filings
Material constitutional events — rename, articles re-file, resolution
- 2022-10-03 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-21 | AA | accounts | Accounts with accounts type full | |
| 2025-11-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-19 | AA | accounts | Accounts with accounts type full | |
| 2024-11-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-29 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-07-29 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-06-04 | AA | accounts | Accounts with accounts type full | |
| 2023-11-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-31 | AA | accounts | Accounts with accounts type full | |
| 2022-12-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-03 | CERTNM | change-of-name | Certificate change of name company | |
| 2022-08-19 | AA | accounts | Accounts with accounts type full | |
| 2021-11-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-11-23 | AA | accounts | Accounts with accounts type full | |
| 2021-01-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-11-30 | AA | accounts | Accounts with accounts type full | |
| 2019-11-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-09-04 | AA | accounts | Accounts with accounts type full | |
| 2018-11-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2018-09-04 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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.