MID SUFFOLK GROWTH LTD

• ⚠

  Material uncertainty over going concern

  The financial statements have been prepared on a basis other than going concern, as required by IFRS. Following the balance sheet date, the directors resolved to place the company into members' voluntary liquidation as there are no longer any active projects. Consequently, the financial statements have been prepared on a basis other than going concern.

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

  -8.2%

  £73,425 → £67,413

• Cash

  -51.3%

  £925,284 → £450,293

• Net assets

  +1,029.7%

  £58,602 → £662,008

• Employees

  —

  Not reported

• Operating profit

  +209.3%

  -£1,010,363 → £1,104,789

• Profit before tax

  +175.7%

  -£1,010,363 → £764,382

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

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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.

1. MID SUFFOLK GROWTH LTD 2019-04-03 → present
2. MID-SUFFOLK GROWTH LTD 2019-03-19 → 2019-04-03

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

Azets Audit Services Limited (trading as Ensors)

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The financial statements have been prepared on a basis other than going concern, as required by IFRS. Following the balance sheet date, the directors resolved to place the company into members' voluntary liquidation as there are no longer any active projects. Consequently, the financial statements have been prepared on a basis other than going concern.”

Significant events

• “During the year, the company ceased Phase 2 of its Needham Project following a strategic review of operations. Subsequently, the directors have resolved to commence steps toward liquidation.”
• “Subsequent to the reporting date, the directors resolved to place the Company into members' voluntary liquidation as there are no longer any active projects, representing an adjusting post balance sheet event.”
• “Outstanding loans and accrued interest have been fully settled after year-end.”
• “Accrued income has been recovered in full after year-end.”
• “Trade debtors have been recovered in full after year-end.”
• “A profit-sharing dividend has been declared and paid to the joint venture owners after year-end.”

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.