JJO HOLDINGS LIMITED

• ⚠

  Material uncertainty over going concern

  During the year and post year end the bank covenants were contravened, the bank has been fully supportive of the group and revised bank covenants are in the process of being renegotiated. We have undertaken various sensitivities to the forecasts which demonstrate the Group can continue to operate as a going concern for a period of at least twelve months from when the financial statements are authorised for issue if refinancing is required.

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

  -9.3%

  £35,992,519 → £32,655,089

• Cash

  -24.6%

  £972,278 → £733,137

• Net assets

  -5.7%

  £18,211,475 → £17,174,235

• Employees

  -5.2%

  291 → 276

• Operating profit

  -615%

  -£114,024 → -£815,284

• Profit before tax

  -191.7%

  -£425,977 → -£1,242,678

• Wages

  -7.6%

  £10,041,806 → £9,281,183

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

Beever and Struthers

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“During the year and post year end the bank covenants were contravened, the bank has been fully supportive of the group and revised bank covenants are in the process of being renegotiated. We have undertaken various sensitivities to the forecasts which demonstrate the Group can continue to operate as a going concern for a period of at least twelve months from when the financial statements are authorised for issue if refinancing is required.”

Group structure

1. JJO HOLDINGS LIMITED · parent
   1. JJO Group Limited 100% · England and Wales
   2. J & J Ormerod Plc 100% · England and Wales · trading activity of the group
   3. European Door Concepts Limited 100% · England and Wales

Significant events

• “On 2nd March 2021, the shareholders sold 67% of the shares in the holding company, JJO Holdings Limited to an Employee Ownership Trust (EOT).”
• “During the year and post year end the bank covenants were contravened, the bank has been fully supportive of the group and revised bank covenants are in the process of being renegotiated.”

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.