ONEADVANCED IT SERVICES LIMITED

Company number

02124540

Status

Active

Incorporation

1987-04-21

Last accounts made up

2025-02-28

Account category

FULL

Primary SIC

62090

Hubs

UK AI & Enterprise SaaS

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At the balance sheet date, the Company has net current assets and reported a profit of £2,605 thousand for the current year. The directors have reviewed the cash flow forecasts of the wider Group, and consider that there are sufficient resources to allow the Company to meet its obligations for the foreseeable future (being a period of not less than twelve months from the date of signing the financial statements). Therefore, the directors have considered it is appropriate to adopt the going concern basis in preparing the annual financial statements. The Company has received confiramtion from its intermediate parent undertaking, Aston Midco Limited, that it will provide sufficient resources to enable the Company to meets its liabilities as they fall due for a period of at least 12 months from the date of approval of these financial statements via a letter of support.”

Significant events

• “During FY24, FY25 and into FY26 the Group engaged in a legal entity rationalisation process to consolidate the trade within individual jurisdictions into (hive up), in most instances, one go-forward trading legal entity. The hive up into the go-forward trading legal entities, in most cases, incorporates all trade, assets and liabilities of individual companies on a net book value basis. On 1 February 2024, the trade and assets of Consult CRM Limited were acquired by the Company, and then hived into the Company at book value.”
• “The Group has undertaken significant transformation projects during FY25 and FY24, including finance systems implementation and legal entity rationalisation.”
• “Cyber attack remediation costs relate to a cyber security incident caused by ransomware which occurred within the Group during FY23.”
• “The Group has undergone restructuring, primarily in the Technology and Services workstreams, to align to strategic priorities.”
• “The Group has undergone a transformational change in strategy and repositioning of the business. The revised strategy was launched on 1st September 2023.”
• “On 31 July 2025, the Group successfully concluded a refinancing exercise, involving the repayment in full of the existing debt facility of £1,075.4 million and the arrangement of a new facility totalling £1,063.5 million.”

Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers