The directors present the strategic report for the year ended 31 March 2026.
The year ended 31 March 2026 was one of continued growth, improved Group profitability and strategic investment. Consolidated turnover increased by 24.5% to £44,801,447 (2025: £35,982,563). Gross profit increased to £4,873,050 (2025: £3,310,361), representing a gross margin of 10.9% (2025: 9.2%). Operating profit increased by 30.9% to £1,334,204 (2025: £1,018,996), with an operating margin of 3.0% (2025: 2.8%). Profit before taxation was £1,330,526 (2025: £1,018,721).
The Group maintained a positive cash position. Cash at bank and in hand increased to £4,429,289 (2025: £2,846,205), net assets increased to £1,250,154 (2025: £1,017,378), and net cash generated from operating activities was £2,506,115 (2025: £2,706,991). As the Group expands, the directors remain focused on working capital, retention recovery, contract forecasting and disciplined overhead control.
Performance and development of subsidiaries
Krol Corlett Construction Limited remained the principal contributor to Group activity, with turnover of £44,357,746 (2025: £35,928,993) and operating profit of £1,351,443 (2025: £901,439). The business continued to develop its public sector construction and refurbishment offering, supported by established client and supply chain relationships and investment in operational capacity.
Krol Corlett Special Projects Limited developed its dedicated delivery offering, increasing turnover to £2,068,688 (2025: £463,347). Operating profit was £88,083 (2025: £83,472). The division is intended to provide a responsive, appropriately managed service for smaller and specialist construction projects, with focused commercial and operational oversight. The Company maintained a consistent level of operating profitability during the year while continuing to invest significantly in people, processes and systems. These investments have been made to enhance service delivery, improve operational efficiency and position the business for continued growth.
Origin Fire Safety Limited recorded turnover of £68,585 (2025: £164,888) and an operating loss of £71,684 (2025: operating profit £7,179), with a loss before tax of £74,305. The directors acknowledge the reduced trading activity and loss in the period. This reflects the Group’s deliberate investment in people, systems and processes to establish a stronger platform for consistent, high-quality fire safety services for both internal Group customers and the external market. The Group will monitor the return on this investment through service performance, external customer development, utilisation, cost control and progress towards sustainable profitability.
Projects, frameworks and market position
Across the Group, notable activity included KCCL’s involvement in significant education, regeneration and community-focused projects, including Wirral Met College, Accrington Town Square and Liverpool Zoe’s Place. The Group has also secured positions on several regional and national frameworks, strengthening access to prospective work and its market presence. Framework appointments do not in themselves guarantee future revenue, and opportunities continue to be assessed against capacity, risk and commercial returns.
Investment in people, systems and infrastructure
The Group’s average employee numbers increased to 80 (2025: 70). The directors continued to invest in leadership capacity, staff development, project governance, reporting, systems, quality and health and safety. The development of dedicated specialist businesses provides an opportunity to share expertise while maintaining clear responsibility for the performance and financial outcomes of each Company.
Social value and community engagement
The Group remains committed to positive social value through its projects, charitable partnerships, community engagement and opportunities for local people and suppliers. The Group is working more closely with clients, delivery partners and its supply chain to track, monitor and record social value activity and outcomes, supporting more consistent reporting and demonstrable community benefit. This approach aims to strengthen both accountability and the long-term impact of its work.
Principal risks include client and counterparty credit, liquidity and working capital, inflation and supply chain pricing, programme and contract delivery, recruitment and retention, health and safety, and the commercial performance of developing specialist operations. The Group manages these through selective tendering, regular project and cash flow reviews, forecast final account assessments, supply chain engagement, financial controls and leadership oversight. Particular attention is given to Origin Fire Safety’s route to sustainable trading and the cash requirements of investment in the specialist offering.
Managing Director’s Statement
I am pleased to report another year of progress for Krol Corlett Construction Group, with consolidated turnover reaching £44.8 million and operating profit increasing to £1.33 million. Our growth has been supported by the commitment of our teams, the trust of our clients and continued investment in the businesses that make up the Group. Our strategic direction is to evolve from a successful main contractor into a broader construction and specialist services group, bringing together complementary capabilities while maintaining the commercial discipline and delivery standards that underpin sustainable growth.
KCCL has delivered stronger profitability alongside growth, while Special Projects has increased its scale and developed its position within our service offering. At Origin Fire Safety, we have made a conscious decision to invest ahead of anticipated demand in the people, systems and processes needed to deliver exceptional service to both our own businesses and external clients. Although this has contributed to a trading loss in the year, our focus is on establishing a technically capable, well-managed and commercially sustainable business over the longer term.
The Group has also strengthened its position through places on regional and national frameworks and continued work across education, regeneration, healthcare and community projects. Our commitment to social value remains important, and we are working more closely with partners to measure and evidence the difference our projects make.
We enter the new financial year with a positive outlook. Within KCCL, secured turnover for the year ending 31 March 2027 exceeds its £50 million target, while the combined secured, probable and possible workload identified for FY2028 exceeds 54% of its target. Prospective opportunities remain subject to conversion, and the Group will continue to prioritise quality of earnings, cash generation, safe delivery and sustainable growth over turnover alone.
I would like to thank our employees, clients, supply chain partners and fellow directors for their continued support and contribution.
On behalf of the board
The directors present their annual report and financial statements for the year ended 31 March 2026.
The results for the year are set out on page 8.
Ordinary dividends were paid amounting to £699,279. The directors do not recommend payment of a further dividend.
The directors who held office during the year and up to the date of signature of the financial statements were as follows:
The auditor DSG Audit is deemed to be reappointed under section 487(2) of the Companies Act 2006.
United Kingdom company law requires the directors to prepare financial statements for each financial year. Under that law, the directors have elected to prepare the group and parent company financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). 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 group and parent company, and of the profit or loss of the group for that period.
In preparing these financial statements, the directors are required to:
select suitable accounting policies and then apply them consistently;
make judgements and accounting estimates that are reasonable and prudent;
state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the group and parent company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the group’s and parent company’s transactions and disclose with reasonable accuracy at any time the financial position of the group and parent company, and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the group and parent company, and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
We have audited the financial statements of Krol Corlett Construction Group Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 March 2026 which comprise the group profit and loss account, the group statement of comprehensive income, the group balance sheet, the company balance sheet, the group statement of changes in equity, the company statement of changes in equity, the group statement of cash flows and notes to the financial statements, including 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).
Basis for opinion
Conclusions relating to going concern
Other information
Opinions on other matters prescribed by the Companies Act 2006
As explained more fully in the directors' responsibilities statement, 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 group's and parent 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 group or parent company or to cease operations, or have no realistic alternative but to do so.
The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.
Discussions with and enquiries of management and those charged with governance were held with a view to identifying those laws and regulations that could be expected to have a material impact on the financial statements. During the engagement team briefing, the outcomes of these discussions and enquiries were shared with the team, as well as consideration as to where and how fraud may occur in the entity.
The following laws and regulations were identified as being of significance to the entity:
Those laws and regulations considered to have a direct effect on the financial statements include UK financial reporting standards, Company Law, Tax and Pensions legislation, and distributable profits legislation.
Those laws and regulations for which non-compliance may be fundamental to the operating aspects of the business and therefore may have a material effect on the financial statements include environmental regulations, health and safety legislation, trades description act and employment legislation.
Audit procedures undertaken in response to the potential risks relating to irregularities (which include fraud and non-compliance with laws and regulations) comprised of: enquiries of management and those charged with governance as to whether the entity complies with such laws and regulations; enquiries with the same concerning any actual or potential litigation or claims; inspection of relevant legal correspondence; review of board minutes; testing the appropriateness of journal entries and the performance of analytical review to identify unexpected movements in account balances which may be indicative of fraud.
No instances of material non-compliance were identified. However, the likelihood of detecting irregularities, including fraud, is limited by the inherent difficulty in detecting irregularities, the effectiveness of the entity’s controls, and the nature, timing and extent of the audit procedures performed. Irregularities that result from fraud might be inherently more difficult to detect than irregularities that result from error. As explained above, there is an unavoidable risk that material misstatements may not be detected, even though the audit has been planned and performed in accordance with ISAs (UK).
A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
Use of our report
This report is made solely to the parent 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 parent company’s members those matters we are required to state to them in an auditor's 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 parent company and the parent company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
As permitted by section 408 of the Companies Act 2006, the company has not presented its own profit and loss account and related notes. The company’s profit for the year was £665,641 (2025 - £429,858 profit).
Krol Corlett Construction Group Limited (“the company”) is a private limited company domiciled and incorporated in England and Wales. The registered office is Morgan Brightside Building, Bradman Road, Knowsley Industrial Park, Knowsley, Merseyside, United Kingdom, L33 7UR.
The group consists of Krol Corlett Construction Group Limited and all of its subsidiaries.
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
The company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements for parent company information presented within the consolidated financial statements:
Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and disclosures;
Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instrument Issues: Interest income/expense and net gains/losses for financial instruments not measured at fair value; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;
Section 26 ‘Share based Payment’: Share-based payment expense charged to profit or loss, reconciliation of opening and closing number and weighted average exercise price of share options, how the fair value of options granted was measured, measurement and carrying amount of liabilities for cash-settled share-based payments, explanation of modifications to arrangements;
Section 33 ‘Related Party Disclosures’: Compensation for key management personnel.
The consolidated group financial statements consist of the financial statements of the parent company Krol Corlett Construction Group Limited together with all entities controlled by the parent company (its subsidiaries) and the group’s share of its interests in joint ventures and associates.
All financial statements are made up to 31 March 2026. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the group.
All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.
Subsidiaries are consolidated in the group’s financial statements from the date that control commences until the date that control ceases.
The financial statements have been prepared on a going concern basis. The directors have reviewed the company's financial position, including its cash flow forecasts and available funding facilities, and have assessed the company's ability to continue in operational existence for a period of at least twelve months from the date of approval of these financial statements.
Based on this assessment, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence and to meet its liabilities as they fall due. Accordingly, they continue to adopt the going concern basis of accounting in preparing the financial statements.
Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.
When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.
For construction contracts satisfied over time, revenue and profit are recognised by reference to the stage of completion at the reporting date. The assessment of stage of completion incorporates estimates of contract revenues, contract costs and contract profitability. Revenue and profit are recognised only to the extent that they are considered recoverable and can be measured reliably.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.
Equity investments are measured at fair value through profit or loss, except for those equity investments that are not publicly traded and whose fair value cannot otherwise be measured reliably, which are recognised at cost less impairment until a reliable measure of fair value becomes available.
In the parent company financial statements, investments in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.
A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
At each reporting period end date, the group reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. The carrying amount of the investments accounted for using the equity method is tested for impairment as a single asset. Any goodwill included in the carrying amount of the investment is not tested separately for impairment.
Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.
Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.
The group has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the group's balance sheet when the group becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset and 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.
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.
Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. 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.
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.
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 group after deducting all of its liabilities.
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Financial liabilities are derecognised when the group's contractual obligations expire or are discharged or cancelled.
Equity instruments issued by the group are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the group.
The tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The group’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset if, and only if, there is a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.
Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.
New or revised standards
Amendments to FRS 102 issued in September 2024 will apply to the group for accounting periods commencing on or after 1 January 2026. These amendments include significant changes to lease accounting, together with additional disclosure requirements. The directors are currently assessing the impact of these amendments on the group’s future financial statements.
In the application of the group’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
During the year, the group refined the methodology used to estimate revenue and profit recognised on incomplete contracts.
Previously, work in progress was determined primarily by reference to invoices raised subsequent to the year end relating to pre-year-end work, together with adjustments to reflect expected contract profitability.
The company now utilises contract valuation reports, forecast final contract revenues and forecast final contract costs to assess the stage of completion and profitability of individual contracts.
The directors consider that the revised methodology provides a more reliable estimate of contract performance and accordingly represents a change in accounting estimate rather than a change in accounting policy.
In accordance with FRS 102, the effect of the change has been recognised prospectively.
The average monthly number of persons (including directors) employed by the group and company during the year was:
Their aggregate remuneration comprised:
The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:
The net book value of tangible fixed assets includes £202,751 (2025 - £282,878) in respect of assets held under hire purchase contracts.
Details of the company's subsidiaries at 31 March 2026 are as follows:
Included within other debtors are retention balances of £1,726,266 (2025: £1,195,057), recoverable in accordance with contractual terms.
Reclassification of comparative balances
During the year, the directors reviewed the presentation of work in progress arising from construction contracts.
It was concluded that amounts previously included within stocks represent contract balances more appropriately classified within debtors. Accordingly, comparative figures have been reclassified to conform with the current year presentation.
The reclassification had no impact on profit for the year, net assets or cash flows.
The effect of the reclassification on the comparative balance sheet is as follows (2025):
Decrease in stocks (£2,721,681)
Increase in debtors £2,721,681
Other creditors include retention balances of £1,562,699 (2025: £1,238,132) held in respect of construction contracts.
Included within loans is a CBILS term loan due to Barclays Bank PLC which is repayable within one year of the balance sheet date.
Finance lease payments represent rentals payable by the company for certain motor vehicles. All leases are on a fixed repayment basis and no arrangements have been entered into for contingent rental payments.
The obligations under the finance leases are secured on the items to which the finance leases relate.
The following are the major deferred tax liabilities and assets recognised by the group and company:
A defined contribution pension scheme is operated for all qualifying employees. The assets of the scheme are held separately from those of the group in an independently administered fund.
At the reporting end date the group had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:
Secured bank borrowings are secured by a debenture dated 26 July 2011 in favour of Barclays Bank PLC, comprising fixed and floating charges over the company's assets and undertaking, and a guarantee and debenture dated 23 August 2016 in favour of Barclays Bank PLC, comprising fixed and floating charges over the company's assets and undertaking together with cross-guarantees between group companies.
At 31 March 2026, cumulative costs of £372,439 were included within work in progress in relation to a residential property being constructed for a director. The company expects to recover the costs incurred in accordance with the agreed commercial arrangements. The transaction was undertaken on normal commercial terms.
At 31 March 2026, the group had the following balances with related parties:
Amounts due from related parties:
Simon Krol Limited £46,096
The Beeches (Liverpool) Limited £2,745
Byfar Limited £45,638
TMLT Limited £80,185
The Overdale Farm (Neston) Limited £362,583
Amounts due to related parties:
The Overdale Farm (Neston) Limited £38,485
Krol Properties Limited £41,657
Ultimate controlling party
The ultimate controlling parties are the directors, who exercise control through their shareholdings in Krol Corlett Construction Group Limited.