CORNELIUS H GROUP LTD

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

  +31.5%

  £44,294,240 → £58,259,189

• Cash

  -14%

  £3,323,869 → £2,858,183

• Net assets

  +13.7%

  £14,395,469 → £16,366,639

• Employees

  +17.8%

  405 → 477

• Operating profit

  +59.4%

  £2,217,145 → £3,533,776

• Profit before tax

  +84.1%

  £1,795,161 → £3,304,079

• Wages

  +1,311.6%

  £381,149 → £5,380,315

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

Xcinadin Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. CORNELIUS H GROUP LTD · parent
   1. Dulcinella Europe S.R.L Romania
   2. Cornelius Plant Hire Limited

Significant events

• “The potential risk of bad debts and longer lead times in the settlement of invoices for works completed is a significant concern for the directors. Our group anticipated revenue and cash flows have also been adversely affected by the unexpected failure of the key customer Skonto Plan UK Ltd, resulting in receivables of around £1.9 million having to be written off in the current financial year.”
• “The effects of Brexit in the UK have been particularly challenging for our supply chain, as most of the products required for group projects are manufactured outside UK. In addition, the significant dependence on the use of skilled labour from eastern Europe for our on-site installation works has also been severely affected due to the Government's recent immigration restrictions. This has created a significant shortage of skilled labour, leading to significantly increased labour costs, negatively impacting the company's overall profit margins.”
• “Our supply chain has also suffered from significant price inflation and increased lead times in manufacturing, which has affected the group's timely procurement of materials at originally budgeted costs.”
• “The supply chain problems have been further compounded by the ongoing armed conflict in the Middle East and the war in Ukraine.”
• “Due to the ongoing high demand for specialised glazing and facades, the group has had to increase its sub-contracted labour force, leading to increased costs of contracted work. The ongoing difficulties within the industry have also led to many facade manufacturing companies facing cashflow problems and falling into administration as a result.”

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

Filings

6

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.