JOHN MARTIN-HOYES (HOLDINGS) LIMITEDActive

The company is the parent of 3 subsidiary trading companies: John Martin-Hoyes Limited - the principal activity was building and civil engineering Abba Plant Hire Limited - the principal activity was plant, crane and access hire JMH Directional Drilling Limited -the principal activity was directional drilling The directors believe that turnover and gross profit margins are the key performance indicators of the business. Turnover for the group decreased to £7,098,759 (2023: £10,234,641) reflecting a difficult year in the construction industry. The gross profit for the group was £655,048 (2023: £2,162,908) and the gross margin was 9.2% for the year which was a significant decrease from 21.1% in the prior year. The group faced many challenges typically facing the construction industry in the current year. The directors are confident that these are being successfully managed and overcome by the directors and company moving forward. There were a number of significant contracts in the prior year particularly undertaken by JMH Directional Drilling Limited which have now ended leading to lower turnover in the year. The group operates in a highly competitive market with continuing pressure on margins. The directors continue to monitor our costs and seek operating efficiencies in order to mitigate this risk. Credit risk The company seeks to manage its credit risk by dealing with established customers or otherwise checking the credit-worthiness of new customers, establishing clear contr

As described in the company's latest filed accounts.