M & K MACLEOD LIMITED
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Next accounts due
2026-08-31 (in 3mo)
Last filed for 2024-11-30
Confirmation statement due
2026-05-27 (this month)
Last made up 2025-05-13
Watchouts
Cash
£120K
Latest balance sheet
Net assets
£14M
Equity attributable
Employees
154
Average over period
Profit before tax
-£3M
Period ending 2024-11-30
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
2-year trend · vs Real Estate median
Accounts
2-year trend · latest reflected 2024-11-30
| Metric | Trend | 2023-05-31 | 2024-11-30 |
|---|---|---|---|
| Turnover | £25,351,800 | £29,356,818 | |
| Operating profit | £840,865 | -£3,318,087 | |
| Profit before tax | £493,780 | -£2,534,515 | |
| Net profit | £609,158 | -£2,548,892 | |
| Cash | £98,150 | £120,455 | |
| Total assets less current liabilities | £18,921,861 | £15,618,874 | |
| Net assets | £16,624,767 | £13,632,401 | |
| Equity | £16,624,767 | £13,632,401 | |
| Average employees | 198 | 154 | |
| Wages | £5,503,831 | £6,796,553 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-05-31 | 2024-11-30 |
|---|---|---|---|
| Operating margin | 3.3% | -11.3% | |
| Net margin | 2.4% | -8.7% | |
| Return on capital employed | 4.4% | -21.2% | |
| Gearing (liabilities / total assets) | 44.8% | 45.5% | |
| Current ratio | 1.36x | 1.15x | |
| Interest cover | 2.42x | -4.64x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Wbg (Audit) Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”
Group structure
- M & K MACLEOD LIMITED · parent
- MacLeod Construction Limited 100%
- MacLeod (Riverside) Limited 100%
Significant events
- “A major focus of the period was the delivery of the Group's largest development to date, the 300-home project at Dunbeg, Oban. This reached practical completion shortly after the year end.”
- “A new minimum three-year term contract has been awarded by local authorities, further strengthening the secured pipeline of work.”
- “Multiple new-build housing contracts have recently been secured across Mid-Argyll and the Islands, extending revenue visibility for several years.”
- “The Group has also seen an increase in successful contract awards from the NHS.”
- “The Group is progressing joint-venture arrangements with local authorities for the delivery of new commercial premises intended to support and expand local industries.”
- “Enquiries for small to medium-scale private works have also risen significantly.”
- “Continued investment in specialist accreditation for sustainable technologies, including solar PV, heat pumps, battery storage and EV charging systems.”
- “Subsequent to the balance sheet date, on 16th December 2024, Macleod Construction Limited entered into a hire purchase agreement to acquire 9 motor vehicles at a total cost of £228,093.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MACLEOD, Greig Alexander | Director | 2023-01-20 | Feb 1984 | British |
| MACLEOD, Jonathan Murdo | Director | 2023-01-20 | Nov 1986 | British |
| MACLEOD, Kenneth | Director | — | Aug 1947 | British |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MACLEOD, Jane Margaret | Secretary | 1998-11-01 | 2025-10-24 |
| MACLEOD, Murdoch | Secretary | — | 1999-05-31 |
| COLEMAN, Mairi Christina | Director | 2023-01-20 | 2025-11-14 |
| MACLEOD, Jane Margaret | Director | 2018-02-06 | 2025-10-24 |
| MACLEOD, Murdoch | Director | — | 2017-11-29 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Murdoch Macleod | Individual | Shares 25–50% | 2016-04-06 | Ceased 2017-11-29 |
| Mr Kenneth Macleod | Individual | Shares 25–50% | 2016-04-06 | Active |
Filing timeline
Last 20 of 150 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-11 | AA | accounts | Accounts with accounts type group | |
| 2025-11-28 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-31 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-31 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-05-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-16 | AA01 | accounts | Change account reference date company previous extended | |
| 2024-06-03 | AA | accounts | Accounts with accounts type group | |
| 2024-05-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-03-06 | AA | accounts | Accounts with accounts type group | |
| 2023-02-17 | CH01 | officers | Change person director company with change date | |
| 2023-02-02 | AP01 | officers | Appoint person director company with name date | |
| 2023-02-02 | AP01 | officers | Appoint person director company with name date | |
| 2023-02-02 | AP01 | officers | Appoint person director company with name date | |
| 2022-05-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-03-25 | AA | accounts | Accounts with accounts type group | |
| 2021-12-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-06-16 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2021-06-16 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2021-03-15 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 3
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-11-30 vs 2023-05-31