CARDINAL PROJECT MANAGEMENT LIMITED

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

Kirk Newsholme Chartered Accountants and Statutory Auditors

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 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. CARDINAL PROJECT MANAGEMENT LIMITED · parent
   1. Cardinal Shopfitting (Shanghai) Co. Limited 100% · Shanghai, China · Wholesale, import and export of furnishings

Significant events

• “The current political and economic climate continues to drive significant uncertainty across all businesses.”
• “Supply chains continue to face significant pressure as the global economy emerges from the COVID-19 pandemic, with this manifesting itself in increasing inflationary cost pressure and lower levels of reliability and resilience.”
• “The invasion of Ukraine by Russia, and the resulting sanctions, has increased political tensions and created significant volatility in energy and commodity markets.”
• “Following COP29 the UK government re-affirmed commitment to ambitious targets for reductions of greenhouse emissions will necessitate significant changes to production processes, and government policy is clearly committed to placing the costs of these changes with businesses.”
• “All of these pressures come at a time where end consumers are seeing their disposable income being eroded, with pay increases not keeping pace with inflation, and this presents a significant risk in the companies home market.”
• “The companies European markets continue to be impacted by the uncertainty surrounding the UK's future trading relationship with the EU.”
• “The company has given counter indemnities to HSBC Bank Plc for £40,000 (2023 - £40,000) in respect of money due to H M Revenue & Customs.”

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

  -25%

  £18,983,055 → £14,228,355

• Cash

  -18.9%

  £2,272,566 → £1,844,172

• Net assets

  +3.9%

  £2,890,473 → £3,003,712

• Employees

  -2%

  98 → 96

• Operating profit

  -76.8%

  £557,944 → £129,208

• Profit before tax

  -73%

  £569,755 → £153,895

• Wages

  -0.2%

  £3,367,498 → £3,360,252

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