MORRIS LINE ENGINEERING (HOLDINGS) 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

• Turnover

  +11.8%

  £18,816,627 → £21,040,340

• Cash

  -14.4%

  £1,026,933 → £879,159

• Net assets

  +12.4%

  £6,984,616 → £7,850,579

  highest in 4 filed years

• Employees

  -6.5%

  153 → 143

  lowest in 3 filed years

• Operating profit

  +35.5%

  £872,278 → £1,182,087

• Profit before tax

  +36.3%

  £867,144 → £1,181,969

• Wages

  +1.5%

  £4,889,725 → £4,960,858

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. MORRIS LINE ENGINEERING (HOLDINGS) LIMITED 2019-02-11 → present
2. HEMINGWAY 1 LIMITED 2018-12-11 → 2019-02-11

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Xeinadin Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have assessed whether there are any material uncertainties that may cast significant doubt about the group's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue. In assessing whether the going concern assumption is appropriate, the directors have taken in to account all available information about the future, and conclude that the group has adequate resources to to continue in operational existence for the foreseeable future. The group therefore continues to adopt the going concern basis in preparing its financial statements.”

Group structure

1. MORRIS LINE ENGINEERING (HOLDINGS) LIMITED · parent
   1. Morris Line Engineering Limited 100%
   2. JW Morris Limited 100%
   3. Morris Line Engineering MLE FZE 100% · United Arab Emirates

Significant events

• “The group operates within defined structures with a culture of fairness and openness to enhance long term shareholder and stakeholder value.”
• “The expertise, commitment and support of the company employees is central to its success. The Directors sincerely thank all their colleagues for their hard work to help deliver these results during a challenging year.”
• “The group operates in a highly competitive market. Significant product innovations, technical advances or the intensification of price competition could adversely affect the results of the group.”
• “Effective management of cash and working capital is a key ongoing priority. The group has invoice discounting facilities in place to ensure there are sufficient funds for its operations.”

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.