SOUTH COAST NURSING HOMES LIMITED

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 102

Reporting scope

Standalone (parent only)

Auditor

Sumer Audit

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At the time of approving the financial statements. the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have concluded that there is no material uncertainty and that they can continue to adopt the going concern basis in preparing the annual report and financial statements.”

Significant events

• “The Poets, our premier care home, is now settled and operating well, having achieved over £4m of revenue in the year.”
• “Company staffing levels have consistently improved across the year, driving down the need for agency staff.”
• “The Directors will be moving forwards with an enhanced marketing strategy, primarily through the optimisation of our digital channels.”
• “Interest rates have dropped 1.0% over the last year in response to easing inflationary pressures, and further reductions are expected in 2025.”
• “A number of key supplier contracts were successfully renegotiated in the year, locking in competitive pricing and realising savings.”
• “The company secured a competitive three-year gas contract and is currently reviewing its primary electricity contract.”
• “The company has recently invested in a comprehensive Equality, Diversity and Inclusion programme which is being rolled out company wide.”
• “The company also continues to invest in sustainable, renewable, ecologically-aware initiatives, including maintaining its extensive photovoltaic installations.”

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

Filings

11

last 12 months

Capital events

2

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  -22.6%

  £36,682,569 → £28,408,665

• Cash

  -1%

  £1,003,131 → £993,227

• Net assets

  +10.7%

  £18,272,976 → £20,229,877

• Employees

  +3%

  603 → 621

• Operating profit

  -16.4%

  £5,812,574 → £4,857,452

• Profit before tax

  +12.9%

  £2,986,102 → £3,370,601

• Wages

  -18.1%

  £18,800,705 → £15,398,505

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers