NGB CONSTRUCTION LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-07-15 (in 2mo)
Last made up 2025-07-01
Watchouts
None on the register
Cash
£2M
-54.9% vs 2023
Net assets
-£3M
-204.9% vs 2023
Employees
129
+6.6% vs 2023
Profit before tax
-£7M
-386.5% vs 2023
Net assets
7-year trend · vs Industrials median
Accounts
7-year trend · latest reflected 2024-12-31
| Metric | Trend | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | £71,696,170 | £74,694,865 | |
| Operating profit | — | — | — | — | — | £1,061,160 | -£6,653,277 | |
| Profit before tax | — | — | — | — | — | -£1,366,490 | -£6,648,299 | |
| Net profit | — | — | — | — | — | -£1,037,858 | -£6,412,782 | |
| Cash | — | — | — | — | — | £3,418,078 | £1,542,081 | |
| Total assets less current liabilities | — | — | — | — | — | £4,991,065 | -£2,243,726 | |
| Net assets | — | — | — | — | — | £3,178,536 | -£3,334,246 | |
| Equity | £490,254 | £490,254 | £490,254 | £490,254 | £490,254 | £3,178,536 | -£3,334,246 | |
| Average employees | — | — | — | — | — | 121 | 129 | |
| Wages | — | — | — | — | — | £4,894,840 | £5,195,665 | |
| Directors' remuneration | — | — | — | — | — | £617,794 | £642,590 |
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
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+4.2%
£71,696,170 £74,694,865
-
Cash
-54.9%
£3,418,078 £1,542,081
-
Net assets
-204.9%
£3,178,536 -£3,334,246
-
Employees
+6.6%
121 129
-
Operating profit
-727%
£1,061,160 -£6,653,277
-
Profit before tax
-386.5%
-£1,366,490 -£6,648,299
-
Wages
+6.1%
£4,894,840 £5,195,665
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | 1.5% | -8.9% | |
| Net margin | — | — | — | — | — | -1.4% | -8.6% | |
| Return on capital employed | — | — | — | — | — | 21.3% | 296.5% | |
| Current ratio | — | — | — | — | — | 1.32x | 0.83x | |
| Interest cover | — | — | — | — | — | 3.63x | -707.72x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Knights Lowe 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 group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- NGB CONSTRUCTION LIMITED · parent
- Cocksedge (Holding) Limited 100%
- Cocksedge Building Contractors Limited 100%
- Burlingham Mill Partnership Limited 100%
- Latchingdon South Limited 100%
- ABS Build Limited 100%
- Breck Gardens Limited 100%
- Lakenheath Developments Ltd 100%
Significant events
- “results in 2024 proved very challenging”
- “exceptional loss making projects being completed or all costs accrued in 2024”
- “sustainable, profitable core projects secured in 2025 and beyond.”
- “The loss reported was due to significant delays completing two major projects which resulted in increased costs and overheads.”
- “Directors plan to decline single-stage design and build projects for the foreseeable future.”
- “The goodwill and support of both customers and creditors has been utilized during the period, and since the year end this support has continued as cashflows improve.”
- “Historic cash reserves have been utilized, that had been built from careful finance management in previous years.”
- “Subcontract payment terms have been aligned with industry standards or contacted agreements, providing a significant positive cash inflow”
- “Additional external financing has been arranged and received, showing support and backing to the business.”
- “These financing items were necessary in 2024 due to the loss on the two contracts and ongoing into 2025 cashflows and profits are positive meaning additional financing won't be necessary.”
- “The group has a strong forward order book entering 2025 with the forecast revenue for the year virtually secured. The Directors are confident of a return to healthy profitability as we continue to secure new contracts, including repeat business, with a strong client base.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ASHWORTH, Mark Anthony | Director | 2023-07-01 | Aug 1985 | British |
| BUCKINGHAM, Justin Peter | Director | 2014-03-12 | Oct 1971 | British |
| GEE, Graham Colin | Director | 2023-07-01 | May 1972 | British |
| NUGENT, Stephen Christopher | Director | 2014-03-12 | Feb 1977 | British |
| REEVE, Darren John | Director | 2023-12-01 | Oct 1970 | British |
| WOOD, Nigel Robert Lionel | Director | 2023-07-01 | Aug 1973 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GRANT, Timothy Andrew | Director | 2014-03-12 | 2023-07-01 |
| KAHAN, Barbara | Director | 2014-03-12 | 2014-03-12 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ngb Construction Employee Ownership Trustee Limited | Corporate entity | Shares 50–75% | 2020-01-30 | Active |
| Mr Stephen Nugent | Individual | Shares 50–75% | 2016-04-06 | Ceased 2020-01-30 |
Filing timeline
Last 20 of 41 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-09-30 | AA | accounts | Accounts with accounts type group | |
| 2025-07-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-17 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-30 | AA | accounts | Accounts with accounts type group | |
| 2024-07-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-10-05 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-10-05 | SH01 | capital | Capital allotment shares | |
| 2023-07-26 | AP01 | officers | Appoint person director company with name date | |
| 2023-07-26 | AP01 | officers | Appoint person director company with name date | |
| 2023-07-26 | AP01 | officers | Appoint person director company with name date | |
| 2023-07-26 | TM01 | officers | Termination director company with name termination date | |
| 2023-07-07 | AA | accounts | Accounts with accounts type group | |
| 2023-02-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-09 | AA | accounts | Accounts with accounts type group | |
| 2022-02-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-06-28 | AA | accounts | Accounts with accounts type group | |
| 2021-03-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-09-20 | AA | accounts | Accounts with accounts type group | |
| 2020-04-23 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.