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Registered number: 04427035
BURMOR CONSTRUCTION LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2025
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BURMOR CONSTRUCTION LIMITED
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COMPANY INFORMATION
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Statutory Auditors & chartered accountants
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BURMOR CONSTRUCTION LIMITED
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CONTENTS
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Independent Auditors' Report
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Statement of Comprehensive Income
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Statement of Changes in Equity
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Notes to the Financial Statements
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BURMOR CONSTRUCTION LIMITED
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STRATEGIC REPORT
FOR THE PERIOD ENDED 31 AUGUST 2025
The directors present their strategic report for the year ended August 2025.
The principal activity of the Company in the year under review was that of construction main contractor.
Introduction
The previously published accounts cover an 18 month period from June 2023 to November 2024, and were published in November 2025.
Those accounts showed losses in the previous two periods (to May 2022 and to May 2023) which resulted in an overdrawn balance sheet position, followed by profits in the 18 month period to November 2024 showing the start of balance sheet recovery.
Given the delay in publishing the November 2024 accounts due to the time required to bring the reporting standard in line with FRS102, and the time that had elapsed since the end of that accounting period, the company decided to publish another set of accounts to the most recent accounting period available, to show that the company is continuing on its path of profit-making and balance sheet recovery.
Business review for period covered by accounts
The strategic report in the November 24 accounts explained how global inflation post-Covid and following Russia’s invasion of Ukraine had meant the company had found itself in long term fixed price contracts where the impact of inflation had meant the cost of completing the contracts was greater than the sales value.
That report outlined how a combination of those loss-making projects, plus the FRS102 requirements to show all of the losses in the financial period in which they were recognised, as well as to defer income and show it in the balance sheet as a creditor where profit margins earlier in a project were greater than expected end profit margins, had resulted in losses in the 2022 and 2023 accounts and an overdrawn balance sheet.
The gradual completion of those loss-making projects and the release of deferred income from previous years meant the November 24 accounts showed net profits and around £0.5m recovery in the balance sheet position.
These accounts to August 2025 show a continuation of that pathway, with another period of profit and around £1.2m further recovery in the balance sheet position.
The business situation underlying the financial reporting format is that the company has continued to trade through a difficult period while suffering the effects of those loss-making projects on cashflow and profitability, gradually completing those projects and starting new, profit-making projects which are now beginning to dominate cashflow and profitability.
As stated in the previous strategic report, at the time of report publication the company has no outstanding crown or creditor debt, and has reduced its outstanding post-Covid loan balances from a peak of around £1.255m to only £160k approx.
Forecast review
At the point of publication of these accounts, only one loss-making project remains on site, which is due to finish in mid-2026.
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BURMOR CONSTRUCTION LIMITED
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STRATEGIC REPORT (CONTINUED)
FOR THE PERIOD ENDED 31 AUGUST 2025
The fact that all other projects on site are profit-making is enabling the company to withstand the negative cashflow from the one loss-making project, and in fact puts the company in an overall profitable position.
The company has forecast its Profit and Loss and Balance Sheet to December 2027, which covers two further full and one further part financial periods (1st September 2025 to 31st August 2026, 1st September 2026 to 31st August 2027, and 1st September 2027 to 31st December 2027).
The majority of the company’s forecast to December 2027 is based on projects already in contract, with pipeline work feeding into the latter stages of the forecast.
The forecast shows the company will make profits in all three of those financial periods, and that the balance sheet is forecast to turn positive at the beginning of 2027.
Cashflow in all periods is forecast to be positive and remain within the company’s financial resources and facilities.
The company is forecast to have significant cash reserves by the end of the forecast in December 2027
The current government has published an intention to double spending on the Affordable Homes Programme over a 10 year period. The company is now well established as one of the leading affordable homes contractors in the region, and therefore is in a good position to take advantage of this increased spending to build its future pipeline of contracts.
Principal risks and uncertainties
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The board of directors continues to monitor and manage the risks and uncertainties to the business and has identified the following:
i) Effect on pipeline contracts as a result of publishing these accounts
As mentioned above, our forecast is based largely on contracted work, with no mechanism for clients to withdraw from those contracts based on financial reports. However, there is a risk that clients become cautious about awarding future work to a company with a negative balance sheet. The directors have attempted to mitigate this risk by reporting quarterly to clients about the trading position and management accounts, such that clients are expecting a negative balance sheet and many have confirmed their intention to continue trading with the company. It is the intention that clients will see that the negative figures are now in the past, that sites continue to operate at full capacity indicating positive cashflow, and by continuing to share management accounts and forecasts with clients, they will see that awarding future work will consolidate and improve recovery back to a positive balance sheet position.
ii) Effect on credit facilities as a result of publishing these accounts
The company has a trading overdraft facility with its bankers. Again the company reports management accounts and forecasts quarterly to its bankers, who have acknowledged the actual and forecast negative balance sheet and have kept the overdraft facility open. Cashflow is managed so that the overdraft facility is rarely called on, reducing the risk of the facility being withdrawn. Supply chain creditors are largely comprised of longstanding relationships with suppliers and subcontractors, often measured in decades, with a history of being paid on time and no outstanding debt. Our current financial position has already been shared with principal members of our supply chain who have confirmed their intention to continue trading with the company on existing credit terms. Along with normal supply chain relationship management the company believes it will be able to maintain sufficient credit lines to continue to trade normally.
A material uncertainty in relation to going concern has been identified as the result of consideration of risks i) and ii) above. Refer to Note 2.3 in the financial statements for further information.
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BURMOR CONSTRUCTION LIMITED
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STRATEGIC REPORT (CONTINUED)
FOR THE PERIOD ENDED 31 AUGUST 2025
iii) Change of government
At the time of publication the current government has indicated a doubling in spending on affordable housing for a 10 year period commencing April 2026. Subject to any short term impact of the publication of these accounts (as discussed above) the company should be able to expect to at least maintain, if not grow, its turnover over that 10 year period. Although the Affordable Housing Programme has continued as normal despite the change of government in 2024, any future change of government may have an impact on the Affordable Homes Programme, which currently represents the company’s core business. To mitigate this risk the company continues to look for ways to diversify its business to protect against any change in affordable housebuilding policy.
Further to this the Company uses financial instruments such as a debtors, creditors, loans and payments on account in order to raise finance for the Companies operations. These instruments expose the Company to financial risks which are detailed below:
i) Price risk
Our dedicated new business department tracks industry cost forecast data to anticipate future cost changes and build the effects of these into new contract pricing. The company also tries to build inflation- linked fluctuation clauses into contracts wherever this is appropriate. The company continually looks to improve efficiency and find lower cost ways of operating in order to increase margin to protect against price increases in-contract.
ii) Credit risk
Over 95% of the company’s customers are Registered Providers of Affordable Housing, funded by public money. Risk of non-payment of invoices or retention balances is virtually zero provided contractual obligations are fulfilled. The company carries out due diligence on new clients, and especially so if they are non-publicly funded, before entering into contracts.
iii) Liquidity risk
The Company seeks to manage this risk by ensuring sufficient liquidity is available to meet its foreseeable needs.
iv) Cash flow risk
The Company's exposure to cash flow risk stems from the environment and industry in which it operates. Where appropriate, the Company leverages its customer and supplier relationships to manage this risk, while also considering the need for financing.
Financial key performance indicators
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The Directors believe the Company’s financial key performance indicators are turnover and operating profit.
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9 months
ended
31
August
2025
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18 months
ended
30
November
2024
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BURMOR CONSTRUCTION LIMITED
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STRATEGIC REPORT (CONTINUED)
FOR THE PERIOD ENDED 31 AUGUST 2025
The directors’ plan for the business for the 2025/26 financial period and the forecast period 2026/27 is to continue with business as usual, focussing on the company’s core business of new build affordable housing, returning to normal gross margins whilst continuing to improve efficiency and profitability, and rebuilding cash reserves to increase the company’s resilience to future external economic shock.
This report was approved by the board and signed on its behalf.
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Mr P S Burke
Director
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BURMOR CONSTRUCTION LIMITED
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DIRECTORS' REPORT
FOR THE PERIOD ENDED 31 AUGUST 2025
The directors present their report and the financial statements for the period ended 31 August 2025.
Directors' responsibilities statement
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The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the Company's financial statements and then apply them consistently;
∙make judgments and accounting estimates that are reasonable and prudent;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The profit for the period, after taxation, amounted to £844,475 (2024 - £709,527).
Particulars of dividends paid are detailed in note 13 to the financial statements.
The directors who served during the period were:
Matters covered in the Strategic Report
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The directors have chosen to include details concerning the financial instruments, included within principal risks and uncertainties, in the Strategic Report.
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BURMOR CONSTRUCTION LIMITED
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DIRECTORS' REPORT (CONTINUED)
FOR THE PERIOD ENDED 31 AUGUST 2025
Disclosure of information to auditors
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Each of the persons who are directors at the time when this Directors' Report is approved has confirmed that:
∙so far as the director is aware, there is no relevant audit information of which the Company's auditors are unaware, and
∙the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.
The auditors, Streets Audit LLP, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
This report was approved by the board and signed on its behalf.
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Mr P S Burke
Director
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BURMOR CONSTRUCTION LIMITED
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INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF BURMOR CONSTRUCTION LIMITED
We have audited the financial statements of Burmor Construction Limited (the 'Company') for the period ended 31 August 2025, which comprise the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
∙give a true and fair view of the state of the Company's affairs as at 31 August 2025 and of its profit for the period then ended;
∙have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
∙have been prepared in accordance with the requirements of the Companies Act 2006.
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Material uncertainty related to going concern
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We draw attention to note 2.3 in the financial statements, which indicates that the company is dependent on successfully trading out of the overdrawn balance sheet position in order to generate sufficient future cash flows to meet its liabilities as they fall due for payment. As stated in note 2.3, these events or conditions, along with the other matters as set forth in note 2.3, indicate that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern. Our opinion is not modified in respect of this matter.
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
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BURMOR CONSTRUCTION LIMITED
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INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF BURMOR CONSTRUCTION LIMITED (CONTINUED)
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The directors are responsible for the other information contained within the Annual Report. opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinion on other matters prescribed by the Companies Act 2006
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In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Strategic Report and the Directors' Report for the financial period for which the financial statements are prepared is consistent with the financial statements; and
∙the Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
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In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
∙adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
∙the financial statements are not in agreement with the accounting records and returns; or
∙certain disclosures of directors' remuneration specified by law are not made; or
∙we have not received all the information and explanations we require for our audit.
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BURMOR CONSTRUCTION LIMITED
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INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF BURMOR CONSTRUCTION LIMITED (CONTINUED)
Responsibilities of directors
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As explained more fully in the Directors' Responsibilities Statement set out on page 5, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.
Auditors' responsibilities for the audit of the financial statements
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objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
• the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
• we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the company and sector in which it operates;
• we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation, employment, environmental and health and safety legislation;
• we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and
• identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.
We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
• making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
• considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.
To address the risk of fraud through management bias and override of controls, we:
• performed analytical procedures to identify any unusual or unexpected relationships;
• tested journal entries to identify unusual transactions;
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BURMOR CONSTRUCTION LIMITED
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INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF BURMOR CONSTRUCTION LIMITED (CONTINUED)
• assessed whether judgements and assumptions made in determining the accounting estimates set out in Note 3 were indicative of potential bias; and
• investigated the rationale behind significant or unusual transactions.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
• agreeing financial statement disclosures to underlying supporting documentation;
• inquiring of management as to actual and potential litigation and claims; and
• reviewing correspondence with HMRC, relevant regulators and the company's legal advisors.
There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance.
Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to inquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.
As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:
• Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company's internal control.
• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors.
• Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the company to cease to continue as a going concern.
• Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
• Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the company to express an opinion on the financial statements. We are responsible for the direction, supervision and performance of the audit. We remain solely responsible for our audit opinion.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
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BURMOR CONSTRUCTION LIMITED
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INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF BURMOR CONSTRUCTION LIMITED (CONTINUED)
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.
Jonathan Day (Senior Statutory Auditor)
for and on behalf of
Streets Audit LLP
Enterprise House
38 Tyndall Court
Commerce Road
Lynch Wood
Peterborough
Cambridgeshire
PE2 6LR
Date: 24 December 2025
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BURMOR CONSTRUCTION LIMITED
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STATEMENT OF COMPREHENSIVE INCOME
FOR THE PERIOD ENDED 31 AUGUST 2025
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18 months ended
30 November
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Interest receivable and similar income
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Interest payable and similar expenses
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Profit for the financial period
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There was no other comprehensive income for 2025 (2024:£NIL).
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The notes on pages 15 to 34 form part of these financial statements.
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BURMOR CONSTRUCTION LIMITED
REGISTERED NUMBER:04427035
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BALANCE SHEET
AS AT 31 AUGUST 2025
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Debtors: amounts falling due after more than one year
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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Provisions for liabilities
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The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
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Mr P S Burke
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Mr L E Boekestyn
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The notes on pages 15 to 34 form part of these financial statements.
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BURMOR CONSTRUCTION LIMITED
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STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 AUGUST 2025
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At 1 June 2023 (as previously stated)
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At 1 June 2023 (as restated)
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Comprehensive income for the year
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Contributions by and distributions to owners
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Shares redeemed during the period
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Total transactions with owners
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Comprehensive income for the period
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The notes on pages 15 to 34 form part of these financial statements.
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BURMOR CONSTRUCTION LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2025
Burmor Construction Limited ("the Company") is a private company limited by shares incorporated, in England and Wales under the Companies Act.
The registered number and address of the registered office is given in the Company information.
The nature of the Company's operations and its principal activities are set out in the Strategic Report on page 1.
The functional and presentational currency of the Company is pounds sterling (£) and rounded to the nearest whole pound.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).
The following principal accounting policies have been applied:
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Financial Reporting Standard 102 - reduced disclosure exemptions
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The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
∙the requirements of Section 7 Statement of Cash Flows;
∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);
∙the requirements of Section 33 Related Party Disclosures paragraph 33.7.
This information is included in the consolidated financial statements of Burke Family Holding Company Limited as at 31 August 2025 and these financial statements may be obtained from Companies House.
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BURMOR CONSTRUCTION LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2025
2.Accounting policies (continued)
The financial statements have been prepared on a going concern basis. The Directors have considered all relevant information, including the latest financial statements and management accounts, forecast future cash flows, current order book and the impact of subsequent events in making their assessment.
Although all considerations have an impact on the assessment, the Directors consider that the overdrawn balance sheet in these financial statements could cast significant doubt on the entity’s ability to continue as a going concern. This is due to the impact of loss making projects in the two year period post-Covid and Russia/Ukraine war where global inflation caused the cost of completing long term fixed price contracts to outstrip sales values.
On the basis that most loss-making projects are now complete and that the company is now trading profitably again, and having provided transparent, regular financial updates to clients and suppliers, the directors consider that the going concern basis, with a material uncertainty, of preparation is appropriate.
Long term contracts
Turnover from long term contracts are recognised using the stage of completion method. The stage of completion is determined by reference to the proportion of contract costs incurred to date relative to the total estimated costs of the contract.
Where billing is ahead of contract completion, a creditor is recognised and classified as deferred income, representing income that has not yet been recognised. Conversely, when billing lags behind contract completion, a debtor is recognised and classified as amounts recoverable on contracts, representing income that has been earned but not yet invoiced.
Turnover and the associated profit are recognised only when they are virtually certain. Where this level of certainty is not met, both turnover and costs are deferred and held on the balance sheet until the criteria for recognition are satisfied.
Where a contract is expected to result in a loss, a provision is made immediately for the full amount of the anticipated loss.
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.
|
|
|
|
|
BURMOR CONSTRUCTION LIMITED
|
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2025
2.Accounting policies (continued)
|
|
|
Tangible fixed assets (continued)
|
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
|
|
|
Cash and cash equivalents
|
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
|
|
|
|
|
BURMOR CONSTRUCTION LIMITED
|
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2025
2.Accounting policies (continued)
|
|
|
Financial instruments (continued)
|
Basic financial assets
Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.
Impairment of financial assets
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.
Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.
If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.
Basic financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.
Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
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|
BURMOR CONSTRUCTION LIMITED
|
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2025
2.Accounting policies (continued)
|
|
|
Financial instruments (continued)
|
Derecognition of financial instruments
Derecognition of financial assets
Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.
Derecognition of financial liabilities
Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
|
|
|
Operating leases: the Company as lessee
|
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.
Defined contribution pension plan
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in other creditors as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.
|
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|
|
|
BURMOR CONSTRUCTION LIMITED
|
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2025
2.Accounting policies (continued)
Interest income is recognised in profit or loss using the effective interest method.
All borrowing costs are recognised in profit or loss in the period in which they are incurred.
|
|
|
Provisions for liabilities
|
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
Increases in provisions are generally charged as an expense to profit or loss.
|
|
|
Current and deferred taxation
|
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
|
|
|
|
|
BURMOR CONSTRUCTION LIMITED
|
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2025
|
|
Judgements in applying accounting policies and key sources of estimation uncertainty
|
The preparation of financial statements in accordance with FRS102 requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Company's accounting policies.
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Below is a summary of the key judgements and estimates included within these accounting policies.
a) Key judgements in applying accounting policies
i) Deferred tax asset (see note 22)
Deferred tax assets are recognised for taxable losses incurred to the extent that the Directors considers it probable that an asset will be recovered. In assessing the probability of recovery the Directors have considered the Company's expected future profitability. The Directors consider that the Company will continue to be profitable and recover its tax losses in full. Deferred tax assets are not discounted and are disclosed as debtors due in more than one year due to the cash benefit being more than 12 months (see note 16 and 22 for the expected reversals).
b) Key accounting estimates and assumptions
i) Long term contracts
Recognition of turnover and profit on long term contracts requires management judgement regarding the anticipated final outcome of contract costs. Management undertakes detailed reviews in order to estimate the total forecasted cost with regular review undertaken by management to ensure the estimation is up to date.
Consistent procedures and management tools are in place to ensure that estimates are applied, and results determined on a consistent basis.
ii) Provisions (see note 23)
The company has recognised a provision in respect of loss-making contracts where the unavoidable costs of meeting contractual obligations exceed the expected economic benefits. This requires the use of managements estimation in relation to the expected costs to complete.
These estimates involve inherent uncertainty, particularly on longer-term or larger scale complex projects. Changes in project performance and supplier pricing may result in material adjustments to the provision in future periods.
iii) Recoverability of debtors
The recoverability of debtor balances, including retentions, is uncertain and can depend on a number of factors which may affect repayment conditions and could lead to possible impairment. The Company assesses the recoverability of debtors based on historical experience of losses
and recognise impairments where there is objective evidence of a loss having incurred,
with reference to the financial position and performance of the counterparty amongst other
factors.
|
|
|
|
|
BURMOR CONSTRUCTION LIMITED
|
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2025
|
|
|
|
|
An analysis of turnover by class of business is as follows:
|
|
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|
|
|
|
|
18 months ended
30 November
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
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|
|
All turnover arose within the United Kingdom.
|
|
|
|
|
|
|
|
|
|
|
18 months ended
30 November
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The operating profit is stated after charging/(crediting):
|
|
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|
|
|
|
|
18 months ended
30 November
|
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|
|
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|
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|
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|
|
|
BURMOR CONSTRUCTION LIMITED
|
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2025
|
|
|
|
|
During the period, the Company obtained the following services from the Company's auditors:
|
|
|
|
|
|
|
|
18 months
ended
30 November
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fees payable to the Company's auditors for the audit of the Company's financial statements
|
|
|
|
|
The Company has taken advantage of the exemption not to disclose amounts paid for non-audit services as these are disclosed in the consolidated accounts of the parent Company.
|
|
|
|
|
|
|
|
|
|
|
18 months ended
30 November
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of defined contribution scheme
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The average monthly number of employees, including the directors, during the period was as follows:
|
|
|
|
|
|
18 months ended
30 November
|
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|
|
|
|
|
|
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|
|
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|
|
|
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|
|
|
|
|
|
BURMOR CONSTRUCTION LIMITED
|
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2025
|
|
|
|
|
|
|
|
|
|
18 months ended
30 November
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
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|
|
|
|
|
|
|
|
Company contributions to defined contribution pension schemes
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
During the period retirement benefits were accruing to no directors (2024 - NIL) in respect of defined contribution pension schemes.
|
|
|
|
|
|
|
|
|
|
|
18 months ended
30 November
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
|
|
|
|
Other interest receivable
|
|
|
|
|
|
|
|
|
|
Interest payable and similar expenses
|
|
|
|
|
|
|
|
18 months ended
30 November
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Credit card interest payable
|
|
|
|
|
Mortgage interest payable
|
|
|
|
|
Hire purchase interest payable
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BURMOR CONSTRUCTION LIMITED
|
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2025
|
|
|
|
|
|
|
|
|
|
|
|
|
18 months ended
30 November
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjustments in respect of previous periods
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Origination and reversal of timing differences
|
|
|
|
|
|
|
|
|
|
Factors affecting tax charge for the period/year
|
|
|
The tax assessed for the period/year is higher than (2024 - higher than) the standard rate of corporation tax in the UK of 25% (2024 - 25%). The differences are explained below:
|
|
|
|
|
|
|
|
18 months ended
30 November
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit on ordinary activities before tax
|
|
|
|
|
Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024 - 25%)
|
|
|
|
|
|
|
|
|
|
Expenses not deductible for tax purposes, other than goodwill amortisation and impairment
|
|
|
|
|
Capital allowances for period/year in excess of depreciation
|
|
|
|
|
Utilisation of tax losses
|
|
|
|
|
Adjustments to tax charge in respect of prior periods
|
|
|
|
|
Origination and reversal of timing differences
|
|
|
|
|
|
|
|
|
|
Total tax charge for the period/year
|
|
|
|
|
|
|
|
BURMOR CONSTRUCTION LIMITED
|
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2025
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
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|
|
|
|
|
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|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Charge for the period on owned assets
|
|
|
|
|
|
|
Charge for the period on financed assets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BURMOR CONSTRUCTION LIMITED
|
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2025
14.Tangible fixed assets (continued)
|
|
The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Raw materials and consumables
|
|
|
|
|
|
|
|
|
|
|
|
|
BURMOR CONSTRUCTION LIMITED
|
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2025
|
|
Due after more than one year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amounts owed by group undertakings
|
|
|
|
|
|
|
|
|
|
Prepayments and accrued income
|
|
|
|
|
Amounts recoverable on long-term contracts
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BURMOR CONSTRUCTION LIMITED
|
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2025
|
|
Creditors: Amounts falling due within one year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other taxation and social security
|
|
|
|
|
Obligations under finance lease and hire purchase contracts
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Bank loans of £150,652 (2024: £188,837) falling due within one year are secured over the Company's assets.
Other loans of £90,512 (2024: £312,706) falling due within one year are secured over the Company's assets.
Obligations under finance lease and hire purchase contracts disclosed under creditors falling due within one year are secured by the Company totalling £115,224 (2024: £125,077).
|
|
|
Creditors: Amounts falling due after more than one year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Obligations under finance lease and hire purchase contracts
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Bank loans of £236,946 (2024: £327,008) falling due after more than one year are secured over the Company's assets.
Obligations under finance lease and hire purchase contracts disclosed under creditors falling due after more than one year are secured by the Company totalling £156,687 (2024: £204,482).
|
|
|
|
|
|
BURMOR CONSTRUCTION LIMITED
|
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2025
|
|
|
|
|
Analysis of the maturity of loans is given below:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amounts falling due within 1 year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amounts falling due 1-2 years
|
|
|
|
|
|
|
|
|
|
Amounts falling due 2-5 years
|
|
|
|
|
|
|
|
|
|
Amounts falling due after more than 5 years
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Hire purchase and finance leases
|
|
|
Minimum lease payments under hire purchase fall due as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BURMOR CONSTRUCTION LIMITED
|
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2025
|
|
|
|
|
|
|
|
|
|
|
|
|
Credited to profit or loss
|
|
|
|
|
|
|
The deferred tax asset is made up as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accelerated capital allowances
|
|
|
|
|
Tax losses carried forward
|
|
|
|
|
Short term timing differences
|
|
|
|
|
|
|
|
|
|
During the period, the Company reported a taxable profit of £1,365,797,039, alongside a group entity that earned a taxable profit of £64,520. Combined, these profits reduced the brought forward taxable losses by £1,430,317, which in turn decreased the deferred tax asset from £1,793,805 to £1,436,227. At a tax rate of 25%, this reduction totals £359,057.
The remaining decrease relates to the reversal of timing differences on acquired tangible assets and capital allowances through depreciation, partially offset by anticipated tax deductions when provisions are utilised.
The deferred tax asset is expected to reverse further in the period ending 31 May 2026 by £461,534. This primarily relates to the reversal of tax losses whereby Directors forecast a further combined taxable profit of £3,599,230 for the period, at the tax rate of 25% totalling £461,534.
|
|
|
|
|
|
BURMOR CONSTRUCTION LIMITED
|
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2025
|
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The Company has recognised a provision in respect of loss-making contracts where the unavoidable costs of meeting contractual obligations exceed the expected economic benefits. This requires the use of managements estimation in relation to the expected costs to complete.
These estimates involve inherent uncertainty, particularly on longer-term or larger scale complex projects. Changes in project performance and supplier pricing may result in material adjustments to the provision in future periods.
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Allotted, called up and fully paid
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132 (2024 - 132) Ordinary shares of £1.00 each
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Ordinary shares shall carry voting rights, full dividend rights, full rights to return of capital and to any surplus and shall not be redeemable.
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The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £34,074 (2024: £77,493). Contributions totalling £5,921 (2024: £6,389) were payable to the fund at the Balance sheet date.
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BURMOR CONSTRUCTION LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2025
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Commitments under operating leases
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At 31 August 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
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Vehicle lease commitments
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Later than 1 year and not later than 5 years
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Property lease commitments
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Later than 1 year and not later than 5 years
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Transactions with directors
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During the period, advances were made to a director totalling £105,586 (2024: £100,565) and repayments totalled £Nil (2024: £1,180). The amount owed by a director at the period end totalled £210,524 (2024: £101,186), which is shown within other debtors. Interest of £3,752 (2024: £1,205) has been charged to this loan. The loan is repayable on demand.
During the period, advances were made to a second director totalling £96,451 (2024: £115,845) and repayments totalled £60,090 (2024: £73,569). The amount owed by a second director at the period end totalled £52,021 (2024: £14,795), which is shown within other debtors. Interest of £865 (2024: £Nil) has been charged to this loan. The loan is repayable on demand.
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BURMOR CONSTRUCTION LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2025
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Related party transactions
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Included within other creditors due after more than one year is a balance due to a resigned director of the Company totalling £11,358 (2024: £11,358). This balance is unsecured, interest free and repayable on demand.
During the period transactions took place with Burmor Group Limited, the Company's immediate parent undertaking. Net rent payable to Burmor Group Limited totalled £30,057 (2024: £79,149). The net amount due from Burmor Group Limited at the period end was £119,550 (2024: £73,029) and is included within amounts owed by group companies.
Also included within amounts owed by group companies is a balance owed by Boekestyn Holdings Ltd, a company with a director in common, totalling £32 (2024: £32).
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The Company's ultimate parent undertaking is Burke Family Holding Company Limited, a company incorporated in England and Wales and controls the Company through its ownership of Burmor Group Ltd which holds 76% of the issued shares in the Company. The registered office Burke Family Holding Company Limited is Burmor House, Sunderland Road, Market Deeping, Peterborough, PE6 8FD.
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