BANGOR AND NENDRUM SCHOOLS SERVICES HOLDINGS LIMITED

1. BANGOR AND NENDRUM SCHOOLS SERVICES HOLDINGS LIMITED 2006-06-30 → present
2. MCG (1A) LIMITED 2005-09-09 → 2006-06-30

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

Consolidated group

Auditor

Johnston Carmichael LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Group's business activities are detailed in the Directors' Report. The Directors have reviewed the budget for the foreseeable future, and have considered the projected cash flows based on the contractual receipts and payments of cash. They project that the loan covenant terms will be met until the loan is repaid in full. The effect of the cash flow hedge reserve on the group's equity is recognised by the Directors and the Shareholder's Deficit of £347,797 (2023: £1,224,741) at the year end. Having considered the risks and uncertainties of the business, their projections for the future performance of the group, and the current uncertain economic environment, the Directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.”

Group structure

1. BANGOR AND NENDRUM SCHOOLS SERVICES HOLDINGS LIMITED · parent
   1. Bangor and Nendrum Schools Services Limited 100% · Northern Ireland · design, construction, financing, operation and maintenance of two secondary schools

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

1

last 12 months

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

• Turnover

  +16.3%

  £2,195,488 → £2,553,907

• Cash

  +8.5%

  £1,556,706 → £1,689,572

• Net assets

  +71.6%

  -£1,224,741 → -£347,797

• Employees

  —

  Not reported

• Operating profit

  +13.9%

  £351,456 → £400,466

• Profit before tax

  +10.6%

  £455,939 → £504,120

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