MORRISON FREIGHT LIMITED

1. MORRISON FREIGHT LIMITED 2004-12-21 → present
2. MORRISON FREIGHT PLC 1990-02-19 → 2004-12-21
3. ALABAMA PERFORMANCE LIMITED 1989-11-21 → 1990-02-19

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

Ensors

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At the time of approving the financial statements, 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 financial statements.”

Significant events

• “The directors believe that there will be an economic downturn with the continued "return to normal" for the freight markets will continue to drive down rates in some areas of the business.”
• “The directors believe that there will be a lot of larger freight companies driving down rates simply to secure work.”
• “Some of the older UK exporters the company has worked with have faced continued competition and pressure from European manufacturers; so, the group will focus more activities on intertrade within Europe.”
• “The company has already diversified and will continue to do so, and will also heavily invest in staff recruitment and training.”
• “The newly formed Customs department and inhouse clearance software has already born fruits and will be a continued avenue to pursue new business within.”

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

Filings

6

last 12 months

Capital events

2

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

  -3.8%

  £13,315,109 → £12,807,688

• Cash

  +33.5%

  £701,494 → £936,181

• Net assets

  +37.8%

  £2,488,581 → £3,428,892

  highest in 4 filed years

• Employees

  0%

  23 → 23

• Operating profit

  -17.4%

  £1,382,767 → £1,142,321

• Profit before tax

  -17%

  £1,378,770 → £1,144,602

  lowest in 4 filed years

• Wages

  -11.1%

  £787,100 → £699,660

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