MUSCLE FOODS LIMITED

• ⚠

  Material uncertainty over going concern

  The Directors have considered the forecasts, the availability of funding and the actions taken by management to strengthen the operational and financial position of the business. On this basis, the Directors are satisfied that the Company has sufficient financial resources to continue to trade for the foreseeable future and that the going concern basis of preparation remains appropriate. Notwithstanding this assessment, the directors recognise that there are issues which indicate that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern.

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

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

  -25.3%

  £30,712,067 → £22,954,183

• Cash

  +372.6%

  £33,516 → £158,386

• Net assets

  +73.2%

  -£2,735,737 → -£733,452

• Employees

  -18.6%

  113 → 92

  lowest in 4 filed years

• Operating profit

  +125.7%

  -£5,766,495 → £1,479,660

  highest in 4 filed years

• Profit before tax

  +120.4%

  -£5,773,147 → £1,175,535

  highest in 4 filed years

• Wages

  -9.9%

  £3,031,380 → £2,732,185

  lowest in 4 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.

1. MUSCLE FOODS LIMITED 2014-07-24 → present
2. NEW M FOOD LIMITED 2014-05-01 → 2014-07-24

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Barnes Roffe Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Directors have considered the forecasts, the availability of funding and the actions taken by management to strengthen the operational and financial position of the business. On this basis, the Directors are satisfied that the Company has sufficient financial resources to continue to trade for the foreseeable future and that the going concern basis of preparation remains appropriate. Notwithstanding this assessment, the directors recognise that there are issues which indicate that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern.”

Significant events

• “At the end of the financial period the immediate group, of which the Company is a member, was separated from its previous group and acquired by new ownership with relevant sector experience. Subsequent to the year end, a restructuring review was undertaken to stabilise operations and address legacy inefficiencies. Early indicators show improved performance following the implementation of these measures. The new owners have introduced a revised strategic plan intended to return the business to a sustainable growth trajectory.”

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

Filings

20

last 12 months

Capital events

0

last 24 months

Officers appointed

4

last 12 months

Officers resigned

3

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.