SKILLS LEISURE LIMITED

• ⚠

  Material uncertainty over going concern

  We draw attention to note 1.2 in the financial statements, which explains the level of group and company financial liabilities and the need to ensure continuance of future profits in order to meet the structured repayments as they fall due. As stated in note 1.2 this indicates the existence of a material uncertainty in connection with the Parent Company and Group's ability to continue as a going concern.

1. SKILLS LEISURE LIMITED 1989-10-19 → present
2. CLASSICAL HIRE LIMITED 1987-04-22 → 1989-10-19

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

Consolidated group

Auditor

TAG Assurance Services Ltd

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to note 1.2 in the financial statements, which explains the level of group and company financial liabilities and the need to ensure continuance of future profits in order to meet the structured repayments as they fall due. As stated in note 1.2 this indicates the existence of a material uncertainty in connection with the Parent Company and Group's ability to continue as a going concern.”

Group structure

1. SKILLS LEISURE LIMITED · parent
   1. Skills Motor Coaches Limited 59.51% · England and Wales
   2. Skills Travel Limited 100% · England and Wales
   3. Silverdale Tours (Nottingham) Limited 1% · England and Wales
   4. Nottingham City Coaches Limited 10% · England and Wales

Significant events

• “On 1 November 2025, the group acquired the trade and assets of a coach travel business based in London for a consideration of £2.6m via a newly formed subsidiary company.”

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

  +3%

  £19,971,333 → £20,577,465

• Cash

  -43.7%

  £1,256,199 → £707,523

• Net assets

  -25.8%

  £203,819 → £151,297

  lowest in 4 filed years

• Employees

  -3.8%

  234 → 225

• Operating profit

  +227.6%

  £244,783 → £801,857

• Profit before tax

  +1,377.3%

  £19,052 → £281,457

• Wages

  +9.3%

  £6,040,624 → £6,603,381

  highest in 4 filed years

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