Complete Moling Services (South East) Limited

The directors present their strategic report for the year ended 31 January 2025. The directors are pleased to announce the overall profit before tax for the year of £417,149 (2024: £2,788,705). The financial key performance indicators for the period are as follows: 2025 2024 £ £ Turnover 21,595,045 22,606,312 Gross profit 3,065,057 4,496,371 Gross profit margin % 14 20 Net profit margin (before tax) % 2 12 Turnover has slightly decreased in the year and the company has seen a decreased level of profitability. The company remains in a strong financial position at the balance sheet date, with net assets remaining consistent at £1.20m (2024: £1.20m). Principle risks and uncertainties The principal activity of the company during the current and previous year was civil engineering. The business is subject to a number of risks which are monitored by the Board. The principle risk facing the company remains the availability of future contracts and the ability to maintain sufficient working capital. There is also a liquidity risk which could be adversely affected by late payment of trade debts. To mitigate the risks the Board regularly monitors the cash position and production requirements. The company's finances are supervised at Board level. Its financial instruments other than derivatives comprise cash, trade debtors, trade creditors, hire purchase and finance leases which arise from it's trade. The company depends on key personnel and staff and, to mitigate the risks of retention issues, the company provides training and reward schemes. The company operates in a competitive market and the Board actively seeks new business, maintains good customer relations and continues to ensure high standards of work for customers to enable the company to succeed within the sector. It is the policy of the Board to settle trade and other debts within the terms agreed. Taking into account the above risks collectively and the options available to mitigate them, the directors are satisfied that there are no material foreseeable risks to the business that haven't been assessed or disclosed. The directors continue to take action to mitigate the impact of the disruption. Financial Risk Management and Policies The company has considered the risks of credit, interest, cash flow and pricing and their potential impact on the business. The directors of the company believe that the appropriate controls and procedures are in place to manage these risks so they do not have a significant impact on the business. Future Developments In the financial year ending 2025, the company has demonstrated solid performance, achieving a turnover of over £20 million. Despite facing challenging industry conditions, the company has continued to provide reliable services to its customers, backed by the team's dedication and commitment to operational excellence. Looking forward, the company are forecasting growth as it invests in expanding the service capacity and continues to enhance customer service standards. A core aspect of this strategy is the focus on maintaining and developing the workforce. The company recognises that its staff are central to its success and remain committed to retaining the skilled staff while investing in training and development programs that empower them to deliver high-quality service. Additionally, the company have taken steps to develop the head office facilities to support the growing team and improve operational efficiency including wellbeing facilities to support both physical and mental health. These upgrades aim to create an environment that supports collaboration, innovation, and sustainability, aligning with the long-term business objectives, whilst also contributing towards our net zero target. During the next financial period, the directors are confident that the growth-oriented initiatives and dedication to the staff and infrastructure will continue to strengthen the business. Assessment of conflict in Ukraine The directors have considered the ongoing impact of the events in Ukraine with reference to how this may disrupt their business model, strategy and operations. It is noted that the company has no dealings with either Ukraine or any nation or individual currently experiencing sanctions as a result of the events in Ukraine. The directors have liaised with suppliers and customers and similarly they have no dealings that will impact the company's supply chain, recoverability of debt and credit. It is clear that there is a worldwide impact on the cost of particular goods, to include fuel, which in turn has increased the base costs of consumables in the business. The directors have calculated the effect and believe that his will not significantly impact the ability to trade or going concern.