MORGANSTONE (HOLDINGS) LIMITED

• ⚠

  Material uncertainty over going concern

  We draw attention to the Strategic Report and notes to the financial statements, which outline that the company's ability to continue as a going concern depends on several factors, including the ongoing support of funders, timely commencement of projects, continued support from suppliers and credit facilities, related party backing, and stability in economic conditions. While each of these uncertainties in isolation is not expected to impact the company's ability to continue as a going concern, if a number of them were to occur simultaneously, this could create a material uncertainty.

• ◆

  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

  +39.2%

  £34,777,035 → £48,393,099

• Cash

  +279%

  £306,163 → £1,160,481

• Net assets

  +20.6%

  £1,541,580 → £1,859,217

• Employees

  +10.4%

  48 → 53

  highest in 3 filed years

• Operating profit

  -15.7%

  £568,389 → £479,011

• Profit before tax

  -15.2%

  £506,961 → £429,677

• Wages

  +9.5%

  £2,364,626 → £2,589,084

  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

Consolidated group

Auditor

Bevan Buckland LLP (Statutory Auditors)

Audit opinion

Qualified

Going concern

Material uncertainty disclosed

“We draw attention to the Strategic Report and notes to the financial statements, which outline that the company's ability to continue as a going concern depends on several factors, including the ongoing support of funders, timely commencement of projects, continued support from suppliers and credit facilities, related party backing, and stability in economic conditions. While each of these uncertainties in isolation is not expected to impact the company's ability to continue as a going concern, if a number of them were to occur simultaneously, this could create a material uncertainty.”

Group structure

1. MORGANSTONE (HOLDINGS) LIMITED · parent
   1. Morganstone Ltd 100% · UK · Building Contractor

Significant events

• “Further to our previous financial year, we are pleased to report that the company has increased its turnover reaching £48.39 million, representing an increase of 35% and a record level of turnover.”
• “We are also delighted to announce that the company has achieved a Gross Profit of £1,996,454 an increase of 64% with a Profit Before Tax (PBT) of £429,677 for the year.”

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

Filings

8

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.