MORGAN MCLERNON LIMITED
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Cash
£172K
-96.9% vs 2023
Net assets
-£4.7M
-1,609.9% vs 2023
Employees
0
-100% vs 2023
Profit before tax
-£5.9M
+64.6% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
A material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern as liabilities exceeded assets by £4.685m and the Company is dependent on funding from other Group Companies.
-
Going-concern uncertainty disclosed
-
Negative shareholders' funds
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-06-30
| Metric | Trend | 2023-06-30 | 2024-06-30 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £69,883,000 | £5,118,000 | -92.7% | |
| Operating profit | -£15,738,000 | -£5,358,000 | +66% | |
| Profit before tax | -£16,553,000 | -£5,859,000 | +64.6% | |
| Net profit | -£13,128,000 | -£4,411,000 | +66.4% | |
| Cash | £5,504,000 | £172,000 | -96.9% | |
| Total assets less current liabilities | -£274,000 | -£4,685,000 | -1,609.9% | |
| Net assets | -£274,000 | -£4,685,000 | -1,609.9% | |
| Equity | -£274,000 | — | — | |
| Average employees | 202 | 0 | -100% | |
| Wages | £24,860,000 | £3,941,000 | -84.1% | |
| Directors' remuneration | — | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-06-30 | 2024-06-30 |
|---|---|---|---|
| Operating margin | -22.5% | -104.7% | |
| Net margin | -18.8% | -86.2% | |
| Gearing (liabilities / total assets) | 101.3% | 250.7% | |
| Current ratio | 0.92x | 0.40x | |
| Interest cover | -19.31x | -10.69x |
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.
Name history
Renamed 2 times since incorporation
- MORGAN MCLERNON LIMITED 2017-05-03 → present
- MORGAN MCLERNON TRANSPORT & DISTRIBUTION LTD 2015-02-10 → 2017-05-03
- MM LOGISTICS LTD 2014-08-15 → 2015-02-10
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Ruddell & Company
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“A material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern as liabilities exceeded assets by £4.685m and the Company is dependent on funding from other Group Companies.”
Significant events
- “In July 2023 it was announced that the Company would cease to trade, and following a period of consultation with employees the majority of employees were made redundant on 9th November 2023.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KOEHLER, Fabian | Director | 2025-03-15 | May 1988 | German |
| MCELROY, Liam James | Director | 2025-03-13 | Jul 1964 | British |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HELD, Thierry Patrick | Director | 2025-06-12 | 2025-06-23 |
| JURY, Nigel Stephen | Director | 2017-04-30 | 2021-11-30 |
| MCLERNON, Michael | Director | 2014-08-15 | 2021-05-20 |
| PUGH, David Charles | Director | 2021-11-30 | 2025-12-31 |
| SMITH, Ian Stuart | Director | 2024-10-01 | 2025-03-13 |
| VAN MOURIK, Thomas | Director | 2017-04-30 | 2024-10-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Culina Group Ltd | Corporate entity | Shares 75–100% | 2017-04-30 | Active |
| Mr Michael Mclernon | Individual | Shares 75–100% | 2016-04-06 | Ceased 2021-05-20 |
Filing timeline
Last 20 of 50 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-03-12 | CH01 | officers | Change person director company with change date | |
| 2026-02-16 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-24 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-13 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-02 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-04-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-04 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-01 | AA | accounts | Accounts with accounts type full | |
| 2025-03-27 | AA01 | accounts | Change account reference date company current extended | |
| 2025-03-26 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-26 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-18 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-17 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-09 | AA | accounts | Accounts with accounts type full | |
| 2024-04-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-14 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-09-27 | AA01 | accounts | Change account reference date company previous extended | |
| 2023-03-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-28 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
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.