CUBBY CONSTRUCTION LIMITED

• ◆

  3 PSCs 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

Reporting scope

Consolidated group

Auditor

Armstrong Watson Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. CUBBY CONSTRUCTION LIMITED · parent
   1. Finlaysons Contracts Limited 100% · Scotland

Significant events

• “The financial year ended 31 May 2024 has been particularly challenging, resulting in significant losses.”
• “The company experienced significant challenges with one significant contract, the Carlisle Southern Link Road (CSLR). Following a successful mediation with the Principle Contractor, and the Client, all parties mutually agreed to terminate the contract.”
• “On 21 February 2025, Cubby Construction Limited acquired the trade and assets of Colin Briscoe Construction Limited.”
• “On 1 July 2025, the entire share capital of Cubby Construction Limited was sold to a new company Svella Bidco 1 Limited.”
• “On the same date the group secured £12million investment.”

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

Filings

15

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

  -4.9%

  £24,041,119 → £22,858,511

• Cash

  +128.4%

  £97,864 → £223,564

• Net assets

  -43.3%

  £3,097,909 → £1,755,249

  lowest in 3 filed years

• Employees

  +7.6%

  157 → 169

  highest in 5 filed years

• Operating profit

  -321.9%

  £696,597 → -£1,546,064

• Profit before tax

  -393%

  £582,317 → -£1,706,167

• Wages

  +17.6%

  £5,610,953 → £6,596,344

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