GREGORY PENNINGTON LIMITED

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

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements are prepared on a going concern basis notwithstanding that the Company has reported on operating profit of £1.7m for the year (2024: £6.0m) and has reported a net asset position of £11.0m as at 31 January 2025 (2024: £9.7m). As a result, the directors believe it remains appropriate to prepare the financial statements on a going concern basis.”

Significant events

• “On 29 August 2024, as part of a group restructure, 100% of the shares of the immediate parent company, Financial Wellness Group Limited, were acquired by Financial Wellness Holdings Limited from another group company TMG Holdings 2 Limited.”
• “On 13 December 2024, as a further part of that restructure, 100% of the shares of the intermediate parent company Financial Wellness Holdings Limited were acquired by Marsland Investments Limited, from the other group company, TMG Holdings 2 Limited.”
• “On 29 October 2025, the Company signed contract extensions with The Money and Pensions Service to provide national debt advice for a further two years to 31 January 2028 and DRO processing services for a further year to 31 January 2027.”
• “On 23 January 2026, the Company entered into a finance agreement with Swan Funding 2025 LLC for £1.65m.”

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

Filings

8

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

2

last 12 months

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

• Turnover

  -10%

  £21,585,027 → £19,418,639

• Cash

  -60.3%

  £2,830,076 → £1,124,584

• Net assets

  +13.1%

  £9,726,010 → £10,997,868

• Employees

  +7.5%

  265 → 285

• Operating profit

  -72.2%

  £6,043,709 → £1,678,530

• Profit before tax

  -72.2%

  £6,043,709 → £1,678,530

• Wages

  +11.3%

  £8,771,466 → £9,759,018

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