THE MORVERN COMMUNITY DEVELOPMENT COMPANY

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

  -3.9%

  £1,411,222 → £1,356,798

• Cash

  +11.7%

  £1,491,987 → £1,667,220

  highest in 6 filed years

• Net assets

  +16.7%

  £2,014,124 → £2,350,069

  highest in 6 filed years

• Employees

  0%

  6 → 6

• Profit before tax

  -29.3%

  £430,058 → £304,168

• Wages

  +32.2%

  £84,911 → £112,242

  highest in 6 filed years

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

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Sumer Auditco Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After making appropriate enquiries, the trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.”

Group structure

1. THE MORVERN COMMUNITY DEVELOPMENT COMPANY · parent
   1. Morvern Community Trading Company Ltd 100% · UK · Office space rental, harbour and marina management, community development works, café re-establishment
   2. MorVolts Limited 100% · UK · Barr Hydro Scheme operation

Significant events

• “Morvern community affordable housing project - 14 family homes to commence end of 2025.”
• “We have also rebuilt a shed at the harbour lost in a fire and we are using this for a number of community purposes.”
• “Managed the Lochaline Housing Project, that will ensure the construction of 14 affordable family homes. This includes securing all the funding required for the £4.3m project, with the ground works for construction to start at the end of 2025.”
• “Continued management and maintenance of Lochaline Filling Station. This has included upgrading to take contactless payment this year.”
• “Via our subsidiary MCTC, the reopening of the Hub Café and the regeneration of Lochaline Marina, including the refurbishment of the showers, toilets, outside sheltered seating area and a new community sauna. Provision of a café service for the Morvern Games.”
• “Via our subsidiary, MorVolts, operation the Barr Hydro Scheme.”
• “Enabled a financial contribution to Urram Community lunch.”
• “This year MCDC and all its subsidiaries have reviewed an updated all their operational, maintenance and safety procedures, engaging professional safety consultancy in more complex areas. All employee related policies and procedures have been reviewed and updated.”
• “We have engaged a digital support service to ensure information security and transitioned from our previous "dropbox" to a more secure Microsoft Sharepoint for document management.”
• “We are using a cash-management service to ensure all our funding is protected by the FSC guarantees and to ensure we are receiving the highest possible level of interest on any reserves.”

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

Filings

8

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

1

last 12 months

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