CROWN AGGREGATES LTD

• ⚠

  Material uncertainty over going concern

  The company excavates from land owned by a related party, without a formal lease agreement or legal arrangement in place. The company's ability to continue as a going concern is dependent on the continuation of this arrangement. Whilst the Directors are confident that the arrangement will continue, the lack of any formal agreement creates material uncertainty as to whether the company will be able to continue in its operations. This indicates the existence of a material uncertainty that may cast significant doubt upon the company's ability to continue as a going concern. The audit report includes a paragraph in relation to the going concern assumption, drawing attention to this 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

  -6%

  £17,568,771 → £16,514,175

• Cash

  +44.9%

  £1,371,985 → £1,988,661

• Net assets

  +21.7%

  £8,848,518 → £10,766,944

  highest in 5 filed years

• Employees

  +27.8%

  36 → 46

  highest in 5 filed years

• Operating profit

  +181.2%

  -£842,155 → £683,862

• Profit before tax

  +273.1%

  -£853,981 → £1,477,994

• Wages

  +24.4%

  £1,304,993 → £1,623,049

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

Standalone (parent only)

Auditor

Mayfield & Co

Audit opinion

Qualified

Going concern

Material uncertainty disclosed

“The company excavates from land owned by a related party, without a formal lease agreement or legal arrangement in place. The company's ability to continue as a going concern is dependent on the continuation of this arrangement. Whilst the Directors are confident that the arrangement will continue, the lack of any formal agreement creates material uncertainty as to whether the company will be able to continue in its operations. This indicates the existence of a material uncertainty that may cast significant doubt upon the company's ability to continue as a going concern. The audit report includes a paragraph in relation to the going concern assumption, drawing attention to this material uncertainty.”

Significant events

• “Stock was valued at net realisable value that led to a write down of stock by £3,155,994.”
• “Capital commitments contracted for at the end of the financial year for which no provision has been made: 2024: 100,000”

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

Filings

2

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.