MCINTYRE COMPLIANCE SERVICES LIMITED

1. MCINTYRE COMPLIANCE SERVICES LIMITED 2021-06-01 → present
2. MCINTYRE ELECTRICAL LIMITED 2006-07-18 → 2021-06-01

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

MHA

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Whilst the Company has seen cash outflows as a result of losses incurred, the impact has been manageable and, given the regulations that govern the requirement for its essential services, the Company's business model has demonstrated resilience. During the year, the Group refinanced the business to provide adequate working capital and to ensure the Company continues to meet its financial obligations as they fall due. In addition, the interest-free period on the £4.6 million loan note issued in 2020 was extended to 31 March 2028. During the year, the Company extended its invoice discounting facility for a further 18 months. As part of this extension, the provider waived all historic covenant breaches and restated the financial covenants to align with the Company's minimal expected operational performance. In the event of further disruption to the business in the future, resulting from reduced demand for services or inability to secure new contracts, the directors are confident that cost reduction and cash preservation measures could be implemented. The directors have conducted a review of the Company's cash flow forecasts and confirm that the financial statements have been prepared on a going concern basis. The directors are confident that the Company has access to sufficient funding sources, including cash generated from its operations, to meet its day to day working capital requirements. Thus, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.”

Significant events

• “During the year, the Group refinanced the business to provide adequate working capital and to ensure the Company continues to meet its financial obligations as they fall due. In addition, the interest-free period on the £4.6 million loan note issued in 2020 was extended to 31 March 2028. During the year, the Company extended its invoice discounting facility for a further 18 months. As part of this extension, the provider waived all historic covenant breaches and restated the financial covenants to align with the Company's minimal expected operational performance.”

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

Filings

3

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

  +18.8%

  £14,038,613 → £16,683,622

• Cash

  -57.9%

  £60,406 → £25,435

• Net assets

  -17.7%

  £819,696 → £674,985

• Employees

  -6.3%

  144 → 135

• Operating profit

  +110.5%

  -£496,925 → £52,347

• Profit before tax

  +75.7%

  -£594,356 → -£144,711

• Wages

  -0.2%

  £5,575,896 → £5,566,890

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