FORRESTER RESEARCH LIMITED

Company number

03400112

Status

Active

Incorporation

1997-07-08

Last accounts made up

2024-12-31

Account category

FULL

Primary SIC

62020

Hubs

UK AI & Enterprise SaaS

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“On the basis of their assessment of the Company's financial position, resources, and future cash flows and after considering severe but plausible scenarios in their cashflow forecasts, the directors believe that the Company is well placed to manage its business risks. The net current assets position of the Company as at 31 December 2024 was £15,156,033. Additionally the directors received a letter of support from the ultimate parent company, Forrester Research, Inc. confirming it will meet the Company's financial obligations as they fall due for the foreseeable future, at a minimum for a period of 12 months from the date of approval of these financial statements. Based on the above the directors consider it appropriate to prepare the financial statements on the going concern basis.”

Subsidiaries

• Forrester Hong Kong Limited · 100% held · Hong Kong

Significant events

• “The ongoing conflict in Ukraine has had an impact on the Forrester Group. The Group decided in 2022 that as a result of the conflict that they would cease to do business with Russian based companies. This had an insignificant impact on UK revenue, especially since these contracts only made up a small proportion of the total revenue in the UK. Forrester Group has continued to not conduct business with Russian based companies with no significant impact on revenue anticipated.”
• “The UK and the rest of the world are currently facing a period of increased inflation, which is placing significant pressure on wages, expenses and clients budgets. Although The Forrester Group is not immune to these inflationary challenges, it sets its service pricing annually. This strategic approach aims to support existing clients while attracting new ones, fostering a long-term relationships and growth.”
• “The company operates an annual bonus plan for employees. An expense is recognised in the profit and loss account when the company has a legal or constructive obligation to make payments under the plan as a result of past events and a reliable estimate of the obligation can be made. In 2024, in light of the Company's financial performance in 2023 and its projected results for 2024, the Committee suspended the bonus program. Instead, a one-off discretionary bonus was announced.”
• “S172(1) (D) "The impact of the company's operations on the community and the environment": Forrester Research, Inc. aims to minimise its impact on the environment by ensuring that all waste paper is recycled and that all employees are encouraged to recycle their general waste where appropriate.”
• “Non-recurring or One-Off items: During the year, the Group completed the sale of FBN. The transaction resulted in net gain of £ 1,772,920, which has been recognised within profit and loss. The disposed operations did not represent a separate major line of business or georgraphical area and therefore have not been classified as discontinued operations In accordance with IFRS 5. Please refer to Note 25 for more details.”

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