MORTONS MEDIA GROUP LTD

• ⚠

  Material uncertainty over going concern

  We draw attention to note 1.2 to the financial statements which explains that the directors have made the decision for the company to cease trading and become dormant. Therefore, we do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements.

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

1. MORTONS MEDIA GROUP LTD 2003-12-31 → present
2. MORTONS MOTORCYCLE MEDIA LIMITED 1998-11-30 → 2003-12-31

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

Cooper Parry Group Limited

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to note 1.2 to the financial statements which explains that the directors have made the decision for the company to cease trading and become dormant. Therefore, we do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements.”

Significant events

• “Following the year end, the trade and assets of the Print and Mailing division have been sold to Mortons Print and Mailing Limited. Subsequently, the immediate and ultimate parent undertakings, Mortons Media Group Holdings Limited and IF Investments (Horncastle) Limited have been acquired by Kelsey Publishing Limited. Following acquisition the director has expessed the intention to hive up the trade and assets of the company into Kelsey Publishing Limited.”

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

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

3

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -4.6%

  £18,686,528 → £17,826,248

• Cash

  +5.3%

  £3,558,417 → £3,745,669

• Net assets

  -11.6%

  £2,970,427 → £2,626,594

• Employees

  -5.2%

  135 → 128

• Operating profit

  -18.4%

  £1,021,924 → £833,836

• Profit before tax

  -16%

  £1,084,498 → £910,939

• Wages

  +0.7%

  £4,663,045 → £4,696,007

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