JSM GROUP SERVICES LIMITED

1. JSM GROUP SERVICES LIMITED 2024-01-10 → present
2. JSM CONSTRUCTION LIMITED 1998-07-01 → 2024-01-10

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

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on the going concern basis which assumes that the Company will continue in operational existence for a period of at least 12 months following the approval of these financial statements. Whilst the economic environment is uncertain due to the impacts of the weakness of the economy, the war in Ukraine and consequent pressures, JSM Group continues to generate revenue growth, with turnover in 2025 expected to be 49% above 2024 with further increases anticipated in 2026. This growth is not expected to have a detrimental impact on profitability or cash. The term bank loan taken on to support the Group does stipulate that the wider group should meet a covenant based upon net debt leverage multiple. The Group forecasts that it will continue to comfortably meet this covenant and to settle its liabilities as they fall due. The Company is reporting a net current asset position in the balance sheet. As such, the directors consider it appropriate to prepare the financial statements on the going concern basis.”

Significant events

• “In July 2024 the JSM Group, including the Company, was acquired by TowerBrook Capital Partners L.P., a private equity firm. The acquisition and related refinancing of the Group puts the JSM Group business into a well-funded structure with a strong balance sheet position and access to the funds needed to support the next phase of growth in the business.”

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

  +23%

  £148,113,496 → £182,231,394

• Cash

  +57%

  £12,998,327 → £20,408,376

• Net assets

  -42.5%

  £62,449,449 → £35,887,265

• Employees

  +13.1%

  297 → 336

• Operating profit

  +12.5%

  £20,234,666 → £22,757,153

• Profit before tax

  +13.3%

  £20,286,381 → £22,990,075

• Wages

  +9.7%

  £19,837,635 → £21,753,120

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