MEADOWHALL CONTRACTS 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 101

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors consider the Company to be a going concern and the financial statements are prepared on this basis. The Balance Sheet shows that the company has net current liabilities of £11.4m. Two contributing factors are current liabilities of £10.7m payable to NBIM Victoria Limited and £1.0m payable to MSC Property Intermediate Holdings Limited. Both balances represent amounts repayable on demand to related parties, and are disclosed in note 12. A letter of support has been obtained from Norges Bank Investment Management which states explicitly that it will support the Company to enable it to meet its liabilities as they fall due for at least 12 months from the date of signing these financial statements. Consequently there is no intention to require related party balances to be repaid, in whole or in part, for at least 12 months from the date of signing these accounts unless the Company has sufficient resources to do so. Considering all of the above factors, the Directors have a reasonable expectation that the Company has adequate resources to continue its operations for at least twelve months after the signing of these financial statements and as a result they continue to adopt the going concern basis in preparing the financial statements.”

Significant events

• “There have been no significant events since the year end.”

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

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  +4.1%

  £1,926,527 → £2,005,420

• Cash

  —

  Not reported

• Net assets

  +5.4%

  £26,284,398 → £27,716,340

• Employees

  —

  Not reported

• Operating profit

  +17.1%

  £1,546,350 → £1,810,748

• Profit before tax

  -92.2%

  £18,294,465 → £1,431,942

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