ZURICH EMPLOYMENT SERVICES LIMITED

1. ZURICH EMPLOYMENT SERVICES LIMITED 2001-01-04 → present
2. ZURICH FINANCIAL SERVICES UK LIFE LIMITED 1999-01-04 → 2001-01-04
3. PROFESSIONAL SERVICES (LIFE & PENSIONS) LIMITED 1997-11-18 → 1999-01-04
4. HEREDITAMENTS, LIMITED 1985-07-01 → 1997-11-18
5. ALLIED DUNBAR UNIT TRUSTS LIMITED 1985-04-11 → 1985-07-01
6. HEREDITAMENTS LIMITED 1929-11-22 → 1985-04-11

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Taking into account all available information related to the future, the directors are satisfied that the Company has access to adequate resources to enable it to continue in operational existence to 17 June 2026, being at least 12 months from the date of approval of these financial statements. Accordingly, it is appropriate to continue to use the going concern basis in preparing the financial statements.”

Significant events

• “On 16 January 2024 the Company issued 500,000,000 ordinary shares of 1p each to its immediate parent company, Zurich Financial Services (UKISA) Limited, for a consideration of £5,000,000 to fund the agreed contribution plan in relation to Openwork's (previously part of the Zurich group) liabilities under the ZPen section of the Scheme (see note 23).”
• “On 14 June 2024 the Company issued 2,836,240,032 ordinary shares of 1p each to the parent company, for a consideration of £28,362,400 to fund the annual interest payment made as part of the ABC arrangement (see note 23).”
• “During 2024, the Zurich Group, has changed its approach to remuneration governance, with the implementation of a new Local Compensation Guideline.”
• “During 2023 the UK enacted legislation implementing both the Qualified Domestic Minimum Top-up Tax ("QDMTT") and the Income Inclusion Rule ("IIR") for 2024 onwards.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

10

last 12 months

Capital events

4

last 24 months

Officers appointed

2

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +2.7%

  £215,001,000 → £220,902,000

• Cash

  -6%

  £11,106,000 → £10,443,000

• Net assets

  +14.7%

  -£179,732,000 → -£153,267,000

• Employees

  +1.6%

  1,644 → 1,670

• Profit before tax

  -29.6%

  -£16,797,000 → -£21,774,000

• Wages

  +3.8%

  £112,824,000 → £117,118,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers