MIRUS-WALES

• ◆

  6 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

• ◆

  7 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. MIRUS-WALES 2012-10-11 → present
2. OPPORTUNITY HOUSING TRUST 2006-08-09 → 2012-10-11
3. OPPORTUNITY HOUSING TRUST LIMITED 1985-11-28 → 2006-08-09

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

Menzies LLP Cardiff

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Significant events

• “2024/25 has been a period of significant change, growth, and renewed focus.”
• “welcomed three new Trustees to the Board, Heidi Morris, Laurence Brown.”
• “continued our journey towards becoming a trauma-informed organisation.”
• “working in partnership with the mental health charity Platfform to better understand staff wellbeing and explore how we can foster a more supportive and connected workplace.”
• “implemented an electronic rostering system, providing greater oversight and ensuring our services are always safely staffed.”
• “reintroduced in-person inductions, following a period of increased online training during the pandemic. These two-week induction blocks now include service shadowing and training delivered by people we support ensuring that lived experience remains central to our learning and development.”
• “central teams have also undergone a significant transformation, with the introduction of 'Heads of' roles and a business partnering model.”
• “We are facing significant financial challenges as in recent times, the uplifts in the Real Living Wage (RLW) and National Insurance contributions have not been matched by corresponding increases in the funding we receive from commissioning bodies and local authorities.”
• “Mirus supported 241 people as at 31st March across ten local authority areas; Cardiff, Vale of Glamorgan, Bridgend, Powys, Caerphilly, Newport, Neath Port Talbot, Swansea and Torfaen.”

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

Filings

20

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

6

last 12 months

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

• Turnover

  +6.3%

  £26,318,980 → £27,985,944

• Cash

  -11.6%

  £4,191,516 → £3,703,665

• Net assets

  -7.4%

  £5,287,700 → £4,898,796

• Employees

  +1.6%

  790 → 803

• Wages

  +8.5%

  £20,899,144 → £22,678,287

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