CUSHON MT NI LIMITED

• ⚠

  Material uncertainty over going concern

  These financial statements are prepared on other than going concern basis, see note 1 a) on page 11. We draw attention to note 1(a) to the financial statements, which explains that the directors intend to wind up the company in the next 12 months from the approval of the financial statements and therefore do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly, the financial statements have been prepared on a basis other than going concern as described in note 1(a). Our opinion is not modified in respect of this matter.

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

  -88.3%

  £215,920 → £25,283

• Cash

  -17.8%

  £269,213 → £221,421

• Net assets

  -6%

  £2,699,451 → £2,537,105

• Employees

  —

  Not reported

• Operating profit

  +67.7%

  -£672,766 → -£217,593

• Profit before tax

  +67.4%

  -£667,448 → -£217,573

• Wages

  +111.8%

  -£5,986 → £708

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. CUSHON MT NI LIMITED 2021-11-23 → present
2. CONSTRUCTION FIRST LIMITED 2001-02-13 → 2021-11-23

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“These financial statements are prepared on other than going concern basis, see note 1 a) on page 11. We draw attention to note 1(a) to the financial statements, which explains that the directors intend to wind up the company in the next 12 months from the approval of the financial statements and therefore do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly, the financial statements have been prepared on a basis other than going concern as described in note 1(a). Our opinion is not modified in respect of this matter.”

Significant events

• “On 10 December 2025, NatWest Group announced that Willis Towers Watson (WTW) will acquire 100% of the NW A Holdings Ltd shareholding including Cushon Group and subsidiaries... Completion of this transaction has been approved by the FCA and is expected to complete in the first half of 2026.”

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

Filings

10

last 12 months

Capital events

0

last 24 months

Officers appointed

3

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.