PASSAGE 2000

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

Consolidated group

Auditor

Sayer Vincent LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on Passage 2000's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. PASSAGE 2000 · parent
   1. Passage Housing Services 1% · England · for residential services that, per their lease, need to be run by a registered social housing provider.
   2. Passage Trading Services Limited 1% · England · non-primary purpose trading activities

Significant events

• “In March 2025, we completed our current 3-year strategy, No Going Back. All key objectives have been met and an overview of some of the achievements from the last 12 months can be found on pages 10 - 14. In April 2025, we launched our new 3-year strategy, The Art of The Possible, with a focus on prevention, convening and sustaining, built around the principle of collaboration.”
• “Over the last 12 months, there has been significant progress in our commitment to co-production; building on the work of our Experts by Experience group, whose insights help us to improve day to day operations at The Passage and establishing our Lived Experience Assembly to help inform the decisions we make at a strategic and governance level.”
• “A real highlight of the last 12 months has been the growth of our innovative No Night Out scheme, preventing hundreds of people from spending even one night on our streets with over 90% sustaining their tenancies.”
• “Our pioneering work to evidence the links between modern slavery and homelessness continues to bring about systemic change and we are now sharing our learnings and best practice with partners internationally. During the year, we launched reports in Dublin and New York City.”
• “We have also been commissioned by the Independent Anti-Slavery Commissioner to produce a UK wide report and recommendations with regard to the prevention of modern slavery and homelessness, and the Modern Slavery Human Rights Policy and Evidence Centre have commissioned The Passage to produce research on the housing challenges faced by survivors of modern slavery in England.”
• “In the last year, we were fortunate to be notified of an exceptional legacy gift. This has been recorded as accrued income in the year. Payment was received after the year end.”
• “The Passage, in partnership with RMG, has set up a new project at Penn House which supplies 45 refurbished studio flats as newly commissioned in-borough temporary accommodation for Westminster City Council this financial year. The staff team was recruited and in place by January and the booking in of tenants commenced at the beginning of February.”
• “During the period of March 2025 - April 2025, the IT team successfully delivered: Telephony modernisation: upgraded across all sites to cloud-based technology, offering secure remote access, enhanced functionality, and eliminating a legacy server (completed June 2024). Microsoft Office migration: moved essential server functions from on-premises infrastructure to the cloud (completed February 2025).”

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

Filings

11

last 12 months

Capital events

0

last 24 months

Officers appointed

2

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

  —

  Not reported

• Cash

  +19.1%

  £1,957,365 → £2,332,135

• Net assets

  +4.8%

  £26,504,107 → £27,769,525

• Employees

  +2.1%

  144 → 147

• Wages

  +3.5%

  £4,681,865 → £4,847,592

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