J.LONG & SONS(HAULAGE)LIMITED

• ◆

  4 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

Auditor

Azets Audit Services

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have considered all factors, including in the wider economy, as part of their assessment of going concern. Although the current economic climate creates both cashflow and profitability risks for the company, the company continues to trade profitably and is cash generative. Budgets and cashflows have been prepared using assumptions for customer demand and supply chain costs as well as expectations for legal and regulatory environmental impacts. These budgets and cashflows indicate continuing profitability and cash generation, consequently the directors believe on balance that they have sufficient resources to enable trading to continue for a period of at least one year from the date of approval of the financial statements. Accordingly, these financial statements have been prepared on the going concern basis.”

Significant events

• “During the year the entire share capital was purchased by Vantage Point Logistics Limited and since then has benefitted from the input and shared resource of Expect Distribution Group Limited. These two factors will provide the support needed to return the business to profit and ensure prosperity for the future for all stakeholders. Since the acquisition, the board have been focussed on driving synergy across the Group and good progress has been made.”

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

Filings

18

last 12 months

Capital events

1

last 24 months

Officers appointed

2

last 12 months

Officers resigned

4

last 12 months

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

• Turnover

  +7.9%

  £18,539,542 → £20,010,166

  highest in 3 filed years

• Cash

  -74.2%

  £684,743 → £176,852

  lowest in 4 filed years

• Net assets

  -66.3%

  £1,059,134 → £356,540

  lowest in 4 filed years

• Employees

  -28.2%

  156 → 112

  lowest in 4 filed years

• Operating profit

  -157.5%

  -£141,223 → -£363,663

  lowest in 3 filed years

• Profit before tax

  -155.8%

  -£138,663 → -£354,654

  lowest in 4 filed years

• Wages

  -1.5%

  £5,315,531 → £5,234,252

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