E.E. SMITH CONTRACTS LIMITED

1. E.E. SMITH CONTRACTS LIMITED 1977-12-31 → present
2. E.E.SMITH(BARFITTERS)LIMITED 1954-06-23 → 1977-12-31

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

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

Standalone (parent only)

Auditor

MHA Audit Services LLP

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 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.”

Significant events

• “Our short to medium term outlook is incredibly positive, with our orderbook standing at more than £120 million.”
• “We have had several fantastic recent project wins including The Westbury Hotel in Mayfair, the Front of House and Penthouse projects at One Mayfair, the initial development of the St Johns Wood Square development and a large Super Prime residential scheme in St Johns Wood”
• “Revenue traction was an industry-wide problem in 2024, with numerous high-end providers succumbing to market conditions. The failure of high-end pillar Beck Interiors, alongside Corley + Woolley, LDB, Lansgrove, Fileturn and others highlight how challenging market conditions have been.”
• “The principal cause of the revenue weakness is due to the delay in progress on client programmes prior to the Company's commencement of activities (outside of the Company's control). Although delays to client's aspired timetables are commonplace and to a degree expected, the extent experienced in the last year has been well beyond historic norms and expectation.”
• “two significant developments, where the respective clients aspired (and advised) timetable has been severely delayed due to their own factors (a combination of preceding site progress, design indecision and budget challenges), resulted in a revenue deficit against target of £21.3 million in the financial year on these two projects alone.”
• “The Company has withstood the impact of two delayed payment of large retention debts in the financial year (one has been monetised after the year end, negotiations on releasing the other amicably are ongoing).”
• “The auditor, MHA, previously traded through the legal entity MacIntyre Hudson LLP. In response to regulatory changes, MacIntyre Hudson LLP ceased to hold an audit registration with the engagement transtioning to MHA Audit Services LLP.”

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

Filings

4

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.

• Turnover

  -21.1%

  £36,946,000 → £29,142,000

• Cash

  -63.1%

  £7,347,000 → £2,712,000

• Net assets

  +0.7%

  £12,106,000 → £12,191,000

• Employees

  -9.9%

  252 → 227

• Operating profit

  -70.6%

  £2,152,000 → £632,000

• Profit before tax

  -67.8%

  £2,603,000 → £839,000

• Wages

  +1%

  £10,069,000 → £10,174,000

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