PSS (UK)

Company number

00214077

Status

Active

Incorporation

1926-05-31

Last accounts made up

2025-03-31

Account category

FULL

Primary SIC

88990

Hubs

UK Healthcare

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Crowe U.K. LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Our free reserves stand at £6.9m, which would cover our total costs net of carer payments for nine months. The trustees consider that the going concern basis remains appropriate. The financial statements have been prepared on a going concern basis, which principally assumes that the company will continue to receive grants and fees at a sustainable level.”

Subsidiaries

• PSS Commercial Services Limited · 100% held · England · Dormant

Significant events

• “The Government's announcement that it won't be exempting social care charities like PSS from the increases to National Insurance payments has put added financial pressure on organisations like ours, who are already operating on limited funds.”
• “This year has brought some new risks our way, particularly around financial sustainability. The government's decision to impose increased National Insurance contributions for employers, coupled with local authorities being unable to raise fees to match the cost increases, has meant we've had to re-think our financial forecast, and has put increased pressure on our sector.”
• “Our new portfolio is 9% down on the year before, because we had to make the difficult decision to hand back our Supported Living service in January 2024.”
• “During 2024/25 we secured £0.7m loan finance from our bankers, Barclays, which was used to pay our Section 75 exit debt from The Pensions Trust pension scheme.”
• “During the year 2023/24 PSS executed a deed of prepayment to record the fact that PSS, as a departing employer of the Pension Trust Growth Plan, agreed to pay £718,097 on account to the trustees, representing the reasonable pre-estimate of the amount of the debt due by PSS in relation to the Growth Plan multi-employer scheme. The amount was settled in full at the year end.”
• “July brought news of the horrific knife attack on a group of children in Southport, leading to the devastating murder of little Bebe King, Elsie Dot Stancombe and Alice da Silva Aguiar. The nation was in a state of shock, disbelief and grief, as news outlets everywhere continued reporting on the situation as it developed. As adults, we're able to make sense of what's happening, put things into context and find ways of our own to come to terms with the news. But for the children in our lives, hearing about such an awful thing that happened to children like them could be extremely distressing, particularly for children living locally.”

Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers