NGB CONSTRUCTION LIMITED

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  Negative shareholders' funds

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

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

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

1. NGB CONSTRUCTION LIMITED · parent
   1. Cocksedge (Holding) Limited 100% · UK · Dormant
   2. Cocksedge Building Contractors Limited 100% · UK · Building Contractors
   3. Burlingham Mill Partnership Limited 100% · United Kingdom · Dormant
   4. Latchingdon South Limited 100% · UK · Property development
   5. ABS Build Limited 100% · UK · Dormant
   6. Breck Gardens Limited 100% · UK · Housing Development
   7. Lakenheath Developments Ltd 100% · UK · Dormant

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

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.