PRESTON BUS LIMITED

1. PRESTON BUS LIMITED 1993-05-01 → present
2. PRESTON BOROUGH TRANSPORT LIMITED 1986-03-25 → 1993-05-01

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

bk plus Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After due enquiry, the board has judged the cash flow forecasts, asset financing and banking resources of the company to be adequate to support its continued operations for the foreseeable future and has adopted the going concern basis in preparing the financial statements. Furthermore, although at the balance sheet date the company had net current liabilities of £3,702,000 (2024: £1,855,000), the ultimate parent company has confirmed its intention to provide such support as the company may require for a period of not less than one year from the date the financial statements were approved. Therefore the directors believe that it is appropriate to assume that the company will continue in operational existence for the foreseeable future, will be able to meet its liabilities as they fall due and can prepare the financial statements on a going concern basis.”

Significant events

• “A major refurbishment of the facilities at this depot, at a projected cost of more than £3 million, was commenced in the accounting period and is expected to be completed in summer 2025.”

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

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  -11%

  £17,200,000 → £15,304,000

• Cash

  +26.5%

  £49,000 → £62,000

• Net assets

  +5.7%

  £2,825,000 → £2,987,000

• Employees

  +10.7%

  205 → 227

• Operating profit

  +150.8%

  -£423,000 → £215,000

• Profit before tax

  +77.7%

  -£631,000 → -£141,000

• Wages

  -7.6%

  £8,294,000 → £7,665,000

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