INSPIRATION HEALTHCARE GROUP PLC

1. INSPIRATION HEALTHCARE GROUP PLC 2015-06-23 → present
2. INDITHERM PLC 2001-12-07 → 2015-06-23
3. P.J.O. INDUSTRIAL (INDITHERM) LIMITED 1998-06-25 → 1998-07-30

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

IFRS

Reporting scope

Consolidated group

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Directors believe adequate liquidity to continue as going concern; projections for 18 months, including 10% revenue downside, show covenant targets met. Auditors found no material uncertainties related to going concern.”

Group structure

1. INSPIRATION HEALTHCARE GROUP PLC · parent
   1. Inspiration Healthcare Limited 100% · UK · Sale of medical goods
   2. Inspiration Homecare Limited 100% · UK · Dormant
   3. Inditherm Limited 100% · UK · Dormant
   4. Inditherm (Medical) Limited 100% · UK · Dormant
   5. Inditherm (UK) Limited 100% · UK · Dormant
   6. Inditherm Construction Limited 100% · UK · Dormant
   7. Vio Holdings Limited 100% · UK · Holding Company
   8. Viomedex Limited 100% · UK · Sale and manufacture of medical goods
   9. SLE Limited 100% · UK · Sale and manufacture of medical goods
   10. Anaesthetic Services Systems Limited 100% · UK · Dormant
   11. Inspiration Healthcare Ireland Limited 100% · Ireland · Dormant
   12. Airon Corporation 100% · USA · Sale and manufacture of medical goods

Significant events

• “Implementation of 'Back to Basics' strategy to address challenges and poor performance over the past couple of years.”
• “Closure of Hailsham site in July 2024, resulting in annualised savings of £500,000.”
• “Achievement of Medical Device Single Audit Program ("MDSAP") certification in January 2024.”
• “Implementation of an overhead cost reduction programme in second half of FY25, delivering annualised savings of £1.25m.”
• “Capital Raising in June 2024 which raised £3.0 million gross (£2.7 million net) to reduce net debt and provide additional headroom.”
• “Acquisition of Airon business in January 2024, manufacturing and selling pneumatic ventilators.”
• “Recognition of a non-cash impairment charge of £10.3m against goodwill and other non-current assets.”
• “Recognition of restructuring costs amounting to £1.6m.”
• “Accrual of £0.8m for the contingent consideration due to the acquisition of Airon Corporation.”

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

1

last 24 months

Officers appointed

0

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

  +1.7%

  £37,630,000 → £38,251,000

• Cash

  +77.9%

  £412,000 → £733,000

• Net assets

  -42.6%

  £28,968,000 → £16,635,000

• Employees

  -4.5%

  224 → 214

• Operating profit

  -198.1%

  -£4,927,000 → -£14,686,000

• Profit before tax

  -177.4%

  -£5,676,000 → -£15,748,000

• Wages

  -0.2%

  £9,535,000 → £9,515,000

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