DRAKE & MORGAN LIMITED

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  Insolvency history on file

  Companies House holds prior insolvency events for this company. Detail and outcome on the official register.

1. DRAKE & MORGAN LIMITED 2008-03-08 → present
2. THE BIG CITY BAR COMPANY LIMITED 2007-12-07 → 2008-03-08
3. AVENUE SHELFCO 43 LIMITED 2007-09-25 → 2007-12-07

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

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The detailed cash flow forecasts prepared by the business, which form the basis of the covenant assessment, include reasonable potential changes to trading performance and a number of other input costs in recognition of ongoing inflationary pressures. Although it is not possible to predict all future scenarios, a sensitised cash flow forecast has also been prepared and the directors have reasonable expectations that the group has adequate resources and cash liquidity headroom to continue in operation, satisfy banking covenants and withstand potential downside scenarios for at least the next 12 months from the date of the signing of these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the annual report and financial statements.”

Significant events

• “Following the year end, the business extended the maturity of loan notes to December 2027 and its banking facilities to December 2026.”

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

  -2.2%

  £45,499,360 → £44,513,356

• Cash

  +14.1%

  £3,448,556 → £3,934,249

• Net assets

  +23.7%

  £11,153,812 → £13,796,208

• Employees

  -4.2%

  529 → 507

• Operating profit

  -12.1%

  £2,858,393 → £2,513,525

• Profit before tax

  -7.6%

  £3,094,538 → £2,859,850

• Wages

  -2.8%

  £12,707,458 → £12,351,635

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