MCGEE GROUP (HOLDINGS) LIMITED

1. MCGEE GROUP (HOLDINGS) LIMITED 2006-11-08 → present
2. MCGEE GROUP LIMITED 1968-06-13 → 2006-11-08

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

Consolidated group

Auditor

S&W Partners Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At 30 November 2024, the Group has net assets of £17.4m (2023: £20.8m) and the Company has net assets of £16.6m (2023: £19.8m). The Board has carried out a comprehensive review of the Group's forecasts to May 2026 and has considered sensitivities. It is confident that there is reasonable assurance the Group and the Company are financially robust, well equipped to meet and overcome the challenges ahead and has adequate financial resources to pay their liabilities as they fall due for the future, being a period of no less than one year from the date of approval of these Financial Statements. Accordingly, it is considered appropriate to use the going concern basis in preparing the accounts.”

Group structure

1. MCGEE GROUP (HOLDINGS) LIMITED · parent
   1. McGee Environmental Services Limited 100% · England & Wales · Asbestos removal contractor
   2. MCE Civils and Groundworks Limited 100% · England & Wales · Civil engineering and contracting
   3. McGee (Haulage) Limited 100% · England & Wales · Dormant
   4. McGee Bedrock Limited 100% · England & Wales · Dormant
   5. McGee Group Limited 100% · England & Wales · Dormant
   6. T. McGee & Co. Limited 100% · England & Wales · Dormant

Significant events

• “A dividend of £7.5m was paid to the Parent Company during the year (2023: £5.0m).”
• “In the year, the business resolved to distribute £885,355 (2023: £619,343) via the employee ownership bonus scheme.”
• “Cash performance remained strong with cash at bank of £16.0m at 30 November 2024 (2023: £14.6m).”
• “During the year, Nick O'Connor was appointed to the board as Legal Director.”
• “James Simpson, Construction Engineering Director, will take on this responsibility”
• “Mark Goodenough has been promoted to Health and Safety Director.”

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

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

1

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.

• Turnover

  +24.3%

  £121,773,512 → £151,359,951

• Cash

  +9.7%

  £14,610,509 → £16,033,472

• Net assets

  -16.6%

  £20,828,316 → £17,376,766

• Employees

  +10%

  381 → 419

• Operating profit

  -55.5%

  £12,547,132 → £5,584,735

• Profit before tax

  -57%

  £12,366,089 → £5,315,583

• Wages

  +17%

  £25,968,099 → £30,390,024

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