MERIDIAN HOSPITAL COMPANY PLC

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

1. MERIDIAN HOSPITAL COMPANY PLC 1998-02-27 → present
2. BASKETBERRY PLC 1997-11-07 → 1998-02-27

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 a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason they have adopted the going concern basis in preparing the financial statements.”

Significant events

• “On 28 March 2019, the Company announced that it had agreed with the Lewisham & Greenwich NHS Trust to cease to provide long-term Hotel Services (referred to as soft FM services) to the Trust from 1 February 2020 to the end of the Concession Period.”
• “However, the monthly performance reports have not been agreed by the Trust since July 2022 and deductions associated to these reports remain under discussion.”
• “During the year, the Company has repaid £9,167,000 of the guaranteed secured bonds. Scheduled bond repayment dates are 30 June and 31 December each year.”
• “Deductions have been minimal until July 2022, from this point on the Performance Reports have not been accepted by all parties and are part of ongoing discussions.”
• “As at 31 March 2025, the principal terms of the Settlement Agreement, as outlined in the Heads of Terms dated 30 May 2024, continues to be discussed by the Trust and the Company.”

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

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

3

last 12 months

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

• Turnover

  -27.1%

  £50,950,000 → £37,120,000

• Cash

  +1.9%

  £20,885,000 → £21,292,000

• Net assets

  +24.4%

  £24,231,000 → £30,142,000

• Employees

  —

  Not reported

• Operating profit

  +12.1%

  £7,048,000 → £7,902,000

• Profit before tax

  +45%

  £6,581,000 → £9,543,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers