NICOL HUGHES FOODSERVICE LTD

1. NICOL HUGHES FOODSERVICE LTD 2007-12-05 → present
2. DAVID W.HUGHES LIMITED 1960-04-14 → 2007-12-05

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 101

Reporting scope

Standalone (parent only)

Auditor

Mitchell Charlesworth (Audit) Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At the time of approving the accounts, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, the directors continue to adopt the going concern basis of accounting in preparing the accounts.”

Significant events

• “Inflation and rising interest rates which were both at historically high levels during the period which created a relatively high degree of risk and uncertainty going forward, however inflation has started to slow. Disposable incomes are reducing in real terms which will inevitably have a negative impact on spending in the hospitality sector. This will in turn create downward pressure on sales and margins.”
• “The supply chain is now more stable than it was 12 months ago but there is still significant uncertainty as the war in Ukraine continues to affect the world economy and supply chains.”

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

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

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.

• Turnover

  +1.4%

  £11,261,859 → £11,418,320

• Cash

  +2.6%

  £1,497,199 → £1,536,368

  highest in 3 filed years

• Net assets

  -8.1%

  £2,640,978 → £2,427,473

• Employees

  -1.9%

  53 → 52

  lowest in 3 filed years

• Operating profit

  +3.7%

  £1,338,373 → £1,388,461

• Profit before tax

  +5.1%

  £1,313,042 → £1,379,901

• Wages

  +5.9%

  £1,424,508 → £1,508,569

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers