MENZIES PARCELS LIMITED

• ⚠

  Material uncertainty over going concern

  As explained in the Strategic Report, the Company ceased trading on 29 February 2024. As required by UK accounting standards, the directors have prepared the financial statements of the Company on a basis other than going concern. As a result of ceasing operations, an exceptional credit of £1,544k (2023: cost of £6,208k) has been recognised, including £1,480k (2023: £nil) gain on exit of lease liabilities, £nil (2023: £3,000k) impairment of property, plant and equipment, £163k (2023: £nil) reversal of property provisions and £99k (2023: £3,308k) closure costs.

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

  -89.3%

  £20,166,000 → £2,160,000

• Cash

  —

  Not reported

• Net assets

  +3%

  -£7,090,000 → -£6,874,000

• Employees

  -84.7%

  300 → 46

• Operating profit

  +56.3%

  -£3,083,000 → -£1,347,000

• Profit before tax

  +101.8%

  -£9,733,000 → £174,000

• Wages

  -84.7%

  £9,869,000 → £1,509,000

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. MENZIES PARCELS LIMITED 2015-10-30 → present
2. A J G PARCELS LIMITED 1999-10-28 → 2015-10-30

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“As explained in the Strategic Report, the Company ceased trading on 29 February 2024. As required by UK accounting standards, the directors have prepared the financial statements of the Company on a basis other than going concern. As a result of ceasing operations, an exceptional credit of £1,544k (2023: cost of £6,208k) has been recognised, including £1,480k (2023: £nil) gain on exit of lease liabilities, £nil (2023: £3,000k) impairment of property, plant and equipment, £163k (2023: £nil) reversal of property provisions and £99k (2023: £3,308k) closure costs.”

Significant events

• “As a result of the continuing operating losses of the business, the Directors made the difficult decision to cease operations. The announcement was made to all employees, customers and stakeholders on 29 December 2023 and the last day of operations was 29 February 2024. The Company became non-trading from 1 March 2024 and the intention is for it to become dormant.”

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

Filings

12

last 12 months

Capital events

0

last 24 months

Officers appointed

2

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.