WORKFORCE SOFTWARE LTD

1. WORKFORCE SOFTWARE LTD 2016-10-21 → present
2. WORKPLACE SYSTEMS LIMITED 2012-01-06 → 2016-10-21
3. WORKPLACE SYSTEMS PLC 1986-07-31 → 2012-01-06
4. LYMAST LIMITED 1986-05-01 → 1986-07-31

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

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors' have performed an assessment of the cash flow requirements for the Company up to 30 November 2026, in a base case and also a severe but plausible downside scenario. This has shown that the Company should have sufficient liquidity to not require additional funds to enable it to meet its obligations as and when they fall due. A letter of support has been received from Automatic Data Processing, Inc. that support will continue to be available to the Company for at least the next twelve months from signing the financial statements. This letter provides assurances that the intercompany balances due of £28.7m will not be called for repayment in the next twelve months as the Company would be unable to make such payments. The Directors' believe that the support offered in the letter will be provided and this, combined with the cash flow forecasts provided by management, sufficiently demonstrates that the Going Concern Basis of accounting remains appropriate and that there no longer remains any Material Uncertainty.”

Significant events

• “On 15th October 2024 the company's ultimate parent company, WFS Parent, Inc., was acquired by Automatic Data Processing, Inc. ("ADP") a leading global technology company providing human capital management (HCM) solutions, with over one million clients in over 140 countries.”

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

Filings

3

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

  +65.9%

  £14,580,000 → £24,194,000

• Cash

  -21.1%

  £3,003,000 → £2,368,000

• Net assets

  +9.5%

  -£28,523,000 → -£25,827,000

• Employees

  -4.8%

  84 → 80

• Operating profit

  +572.2%

  £410,000 → £2,756,000

• Profit before tax

  +572.2%

  £410,000 → £2,756,000

• Wages

  +56.5%

  £6,026,000 → £9,431,000

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