M C GROUP LIMITED

1. M C GROUP LIMITED 1990-11-16 → present
2. J.T.S. HIRE LIMITED 1986-07-09 → 1990-11-16

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 Audit

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Group has net current liabilities of £4,183,155 (2023: £5,331,981) which is in common with vehicle rental businesses generally. However, under existing accounting conventions no account is taken for the future gross contractual revenue which, for the next 12 months, stands at £26,021,937 (2023: £27,666,788) excluding break clauses. The parent Company and Group prepare detailed budgets and cash flow forecasts together with rolling 5 year projections. Based on this information the Group is expected to generate positive cash flows for the foreseeable future due to ongoing profitability and asset disposals. The Group has undertaken stress testing on various sales assumptions. Based on current trading the decline in sales needed for the Group to extinguish its cash reserves within the next 12 months was not deemed plausible. Working capital requirements are funded by retained earnings and forecasts show that there is sufficient liquidity for the business to continue in operation. The directors therefore have the reasonable expectation that the parent Company and Group has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.”

Group structure

1. M C GROUP LIMITED · parent
   1. MC Rental Limited 100% · England and Wales · Vehicle and truck rental
   2. MC Truck and Bus Limited 100% · England and Wales · Truck distribution

Significant events

• “Over the past couple of years' the Company has carried out an extensive refurbishment program to all of its locations in order to further enhance the customer experience and is proud to have been awarded Volvo's "Dealer of the Year" for 2024.”

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

Filings

2

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

  -1.6%

  £145,917,634 → £143,629,599

• Cash

  -15.6%

  £12,777,840 → £10,780,840

• Net assets

  +5.6%

  £54,909,559 → £58,009,092

• Employees

  +4.1%

  316 → 329

• Operating profit

  -11.3%

  £13,163,229 → £11,681,974

• Profit before tax

  -18.7%

  £10,154,886 → £8,258,653

• Wages

  +2.9%

  £16,278,085 → £16,752,221

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