MI-KING LIMITED

1. MI-KING LIMITED 1989-01-11 → present
2. LOADPOST LIMITED 1988-11-03 → 1989-01-11

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

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis which the directors consider to be appropriate for the reasons given below. The directors have reviewed forecasts through 2026 and have considered the future trading position, including using sensitised information based on customer forecasts and the resulting cash flows and forecasts. The directors have considered the financing facilities accessible to the company, including an overdraft facility that can be utilised if necessary, and the fact that the company has a balance sheet that is not highly geared. Whilst the directors do not anticipate that additional financing facilities will be needed for the foreseeable future, they are satisfied those additional facilities, including the overdraft, could be obtained if required given the company's asset base. Following this assessment, the directors are confident that the company has sufficient liquid resources to meet the ongoing needs for the foreseeable future.”

Significant events

• “The company has delivered a steady and solid performance over the past financial year, underpinned by a consistent increase in turnover and resilient operational execution.”
• “This resulted in the company's turnover increasing in FY25 by 8% from £38m to £41m. The balance sheet has strengthened with net assets of £4.61m at the year-end (2024: £4.49m), net current assets have improved from c£1m in 2024 to c£1.5m in 2025, and liquidity improved with a reduction in net debt of £3.2m over the year.”

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

  +8.6%

  £37,713,000 → £40,949,000

• Cash

  —

  Not reported

• Net assets

  +2.6%

  £4,494,000 → £4,610,000

• Employees

  -14.1%

  78 → 67

• Operating profit

  +269.2%

  -£26,000 → £44,000

• Profit before tax

  +13.1%

  £137,000 → £155,000

• Wages

  -12.9%

  £2,418,000 → £2,105,000

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