MDA HOLDINGS LTD
|
ANNUAL REPORT 2017
Report of the Directors
The principal activity of the group in the year under review was that of construction cost consultancy and quantity surveying.
The directors present their report with the financial statements of the company and the group for the year ended 30 September 2017.
The directors regard turnover and profit before tax as key performance indicators. Group turnover in the year was £5,299,937
(2016: £5,126,815) and the group made a profit before tax of £403,534 (2016: £388,114).
The company has continued to closely monitor overhead costs. This combined with a more focussed business development
approach despite challenging market conditions particularly in the UK, has increased turnover and profitability compared to the
previous financial year.
The directors recommend the payment of a dividend of £47,711.
Based on a strong forward order book, the directors are confident that the company’s results will be at least in line with that
achieved in 2017. The company has again further strengthened their marketing team and continues to build on their existing strong
relationships and reputation particularly in the residential, student accommodation, care home, hotel and education sectors.
There have been no events since the balance sheet date, which materially affect the position of the company.
The directors shown below have held office during the whole of the period from 1 October 2016 to the date of this report.
S R Jones
R M McGuinn
Other changes in directors holding office are as follows:
G F Potton - resigned 31 March 2017
N J Grice - appointed 1 April 2017
During the year, the company repurchased 711 (2016: 1,026) Ordinary shares with a nominal value of £0.10 and 5,177 (2016: 1,025)
Ordinary B shares with a nominal value of £0.10 for aggregate consideration of £21,999 (2016: £40,013) and £184,969 (2016: £39,975)
respectively. These were in relation to the termination of employment of the individual shareholders.
Principal activity
Share buyback
Directors
Review of business
For the year ended 30 September 2017
10
