MCLEOD TRANSPORT (SW) 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 102

Reporting scope

Standalone (parent only)

Auditor

Westcotts (SW) LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The company made a loss during the year ended 31 March 2025 of £85,701 and, as of that date the company's current assets exceeded its current assets by £518,915. However, since that date, as a result of actions taken by management, the company has returned to profitability, and has continued to generate cash and meet its regulatory requirements. Management expects this positive trading to continue, and has prepared forecasts which support this, covering at least the next twelve months from the date of approval of these financial statements, which demonstrate that the company has the ability to continue as a going concern. Management accepts that there is still some uncertainty with respect to this assertion, but feels that the actions they have taken, and their ability to reduce costs further, reduce the regulatory cash requirement in the business or obtain additional funding mitigates this to an acceptable level.”

Significant events

• “The challenging market conditions, the war in Ukraine and the increased cost of finance due to high interest rates impacted the business due to initial deadlines for new equipment being extended and increased equipment cost during delayed production period; asset finance increased due to higher than anticipated interest rates (from point of order +18 months prior to delivery).”
• “Several unforeseen risks have arisen over the past few years, including Covid 19 pandemic, the effects of the Ukraine war and the high inflationary economic environment, all have impacted the company's overheads. The new Labour Government's increase from April 2025 of the Employers NIC and the possibility of further raises also contribute to the external pressures on cost.”

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

Filings

2

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

  +0.4%

  £11,514,491 → £11,562,940

• Cash

  -60.7%

  £402,233 → £157,900

  lowest in 3 filed years

• Net assets

  -59.2%

  £220,659 → £89,958

  lowest in 3 filed years

• Employees

  -4.8%

  104 → 99

• Profit before tax

  +65.2%

  -£317,959 → -£110,657

• Wages

  -1.9%

  £4,193,675 → £4,115,087

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers