M J QUINN INTEGRATED SERVICES LIMITED

1. M J QUINN INTEGRATED SERVICES LIMITED 2018-09-11 → present
2. M J QUINN GROUP LIMITED 2008-11-25 → 2018-09-11
3. MONACO MIDCO LIMITED 2008-09-29 → 2008-11-25

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

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis. At the balance sheet date, the Company held a closing cash balance of £13.9m (2023 - £15.4m) and net current assets of £7.4m (2023 - £14.8m). The Directors have prepared detailed monthly cash flow forecasts through to 30 September 2026, reflecting current trading expectations, investment plans and working capital requirements and including working capital requirements of group companies to which letters of financial support have been issued. Under the base case, the forecasts show a cash balance of £42.6m at September 2026. A reverse stress test has also been performed, modelling a sustained revenue reduction of approximately 29% while maintaining historic gross margin levels. Under this scenario, cash resources would reduce to nil by the end of the forecast horizon. The Directors consider this scenario to be remote. Operational performance in 2024 remained strong, with revenue increasing by £42.8m to £240.6m and operating profit improving to £14.8m. The Company continues to benefit from long-term framework agreements in the telecoms sector and, following the hive-up of M J Quinn Solar Limited, has broadened its offering into energy efficiency services. Planned investment in fleet, infrastructure and workforce will further support the delivery of customer demand and future growth. Taking into account the base case forecasts, the results of the reverse stress test, and the Company's track record of profitable trading and cash generation, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the period to 30 September 2026. Accordingly, the financial statements have been prepared on a going concern basis.”

Group structure

1. M J QUINN INTEGRATED SERVICES LIMITED · parent
   1. M J Quinn Solar Limited 100% · England · Installation of Solar panels, EV chargers and Energy Saving solutions
   2. MSP Technologies Limited 100% · England

Significant events

• “With effect from 1st January 2024, the assets and trade of M J Quinn Solar Limited were hived up into M J Quinn Integrated Services Ltd. This was a strategic decision in order to present the business offering a full Energy Services offering.”
• “The Company acquired 100% of the shareholding in MSP Technologies Limited in the year on 29 November 2024.”

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

  +21.7%

  £197,750,028 → £240,600,327

• Cash

  -9.4%

  £15,406,882 → £13,952,832

• Net assets

  -16.6%

  £23,085,655 → £19,258,658

• Employees

  +2.4%

  801 → 820

• Operating profit

  +10.7%

  £13,373,363 → £14,798,259

• Profit before tax

  +13.8%

  £11,196,263 → £12,739,616

• Wages

  +6.2%

  £28,595,170 → £30,375,767

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