MCMULLEN FACADES LIMITED

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

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. MCMULLEN FACADES LIMITED 2017-11-24 → present
2. JRL UNITISED FACADES LIMITED 2017-11-20 → 2017-11-24

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

MHA Audit Services LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At the balance sheet date, the Group had net assets of £113.2m and net current assets of £44.9m. The Group has total financing capacity (excluding hire purchases) of £80.5m, of which £48.9m was drawn at the balance sheet date, of which monthly and quarterly repayments are made in line with our usual terms. In making their assessment of the Company and wider Group's ability to continue as a going concern, the directors have prepared group financial forecasts on a group basis for a period of twelve months from the date of approval of these financial statements. These detailed forecasts together with supporting cash flow forecasts consider the current performance of the group, assessment of market conditions and other relevant risks facing the business. The base case forecasts include significant judgments and assumptions on the quantum and timing of new business and associated margins and the continued support of existing arrangements with key stakeholders. The Directors have then prepared a severe but plausible downside scenario reducing margins and delaying the start of potential new work to assess the impact on profitability, liquidity and compliance with the Group's borrowing covenants. Under both scenarios that the directors evaluated, the Group has sufficient liquidity to meet its obligations as they fall due and remain compliant with all borrowing covenants, without the need for any mitigating actions. As such, the directors consider it reasonable to assume that the Group has adequate resources to continue for the going concern period and therefore continue to adopt the going concern basis in preparing the financial statements. The directors of JRL Group Holdings Limited concluded that the consolidated Group and each individual subsidiary is also a going concern. Where companies in the Group are in a net liability position, the directors of JRL Group Holdings Limited have confirmed that they will provide financial support for at least twelve months from the date of approval of the financial statements.”

Significant events

• “During the period, the company extended its financial year-end. The financial statements have been prepared for a period of 16 months ending 30 April 2025.”
• “Poor performing contracts have impacted the results of the company in the year. We have stabilised our supply chain and improved our trading partnership with our key suppliers. Greater resources and improved and enhanced design capabilities are now in place and are expected to drive profitability and increased efficiencies going forward.”
• “With a stable supply chain, dedicated workforce and the continued support of our parent company JRL Group Limited we are benefiting from being part of a large integrated construction group, coupled with repeat orders from existing clients and forming relationships with new clients.”
• “During 2025, this included deciding on the company's long term strategy, approval of budgets, capital expenditure on the acquisition and disposal of assets and reviewing health and safety performance. This included monitoring progress against key strategic objectives, reviewing the company's forecast funding requirements, debt capacity and other financing options that are required to deliver the long-term strategy.”
• “During the period the directors reviewed the progress which had been made in respect of the 'One Group' delivery strategy.”
• “The auditors, MHA, previously traded through the legal entity MacIntyre Hudson LLP. In response to regulatory changes, MacIntyre Hudson LLP ceased to hold an audit registration with the engagement transitioning to MHA Audit Services LLP.”
• “The company and group has entered into a cross guarantee with a number of other group companies to secure the group's overdraft facility.”

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

Filings

4

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.