QUILTER BUSINESS SERVICES LIMITED

1. QUILTER BUSINESS SERVICES LIMITED 2019-11-15 → present
2. OLD MUTUAL WEALTH BUSINESS SERVICES LIMITED 2014-09-19 → 2019-11-15
3. SKANDIA LIFE BUSINESS SERVICES LIMITED 1987-08-25 → 2014-09-19
4. SKANDIA ASSURANCE SERVICES LIMITED 1981-08-11 → 1987-08-25

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

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have considered the resilience of the Company, its current financial position, the principal risks facing the business and the effectiveness of any mitigating strategies which are or could be applied. This included an assessment of capital and liquidity over a three-year planning period. As part of the going concern assessment, the Company took into consideration the current position of the UK economy including the impact of inflation and increases in the cost of living. The Group also took into consideration risks related to climate change. Based on the assessment, the Directors believe that the Company has sufficient financial resources to continue in business for a period of at least 12 months from the date of approval of these financial statements and continue to adopt the going concern basis in preparing the Company financial statements.”

Significant events

• “Third-party income increased due to the commencement of a new strategic partnering agreement during the current year, partially offset by the reduction in income following the conclusion of the transitional services agreement with Utmost Group in November 2023.”
• “The Company recognised £3,849,000 of assets that were under construction at 31 December 2024 (31 December 2023: £nil). These assets, relating to improvements to leased office property, are expected to be completed and brought into use during 2025.”
• “In June 2023, the Company entered into a contract to sublet a property to one tenant under an operating lease with rentals payable monthly. The sublet relates to one floor of a leased property which has a useful economic life of eleven years. There is a break clause in the sublease agreement after five years and the Company cannot reasonably expect the tenant to continue to lease beyond 2028.”

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

Filings

2

last 12 months

Capital events

0

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

  +15.6%

  £273,724,000 → £316,449,000

• Cash

  -40.2%

  £113,419,000 → £67,778,000

• Net assets

  +5.9%

  £131,294,000 → £139,053,000

• Employees

  +16.5%

  1,735 → 2,022

• Profit before tax

  +16.8%

  £14,727,000 → £17,199,000

• Wages

  +26.2%

  £109,637,000 → £138,399,000

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