HOLDFAST TRAINING SERVICES LIMITED

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

Johnston Carmichael LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have prepared cash flow forecasts covering a period of at least 12 months from the date of approval of these financial statements which indicate that, taking account of severe but plausible downsides, the Company will have sufficient funds to meet its liabilities as they fall due for that period.”

Significant events

• “following a management reassessment of the contract's long term maintenance obligation a decision was taken in 2021 to reduce the long-term contract margin, the effect of which was to record a loss in the accounts to March 2021.”
• “the recent change in UK Government another Strategic Defence Review combined with political instability around the world has resulted in an undertaking to increase the size of the UK's defence budget as a proportion of GDP.”
• “discussions were concluded with the Authority which agreed that obligations to undertake a contracted Benchmarking/Market Testing review at March 2026 are not required. However, a schedule of "optimisation" measures have been agreed upon.”
• “On 1 April 2022 all Holdfast staff were TUPE'd from Babcock International Group Plc to Vercity Group. Prior to this date, the staff were seconded to Holdfast Training Services Limited with costs recharged by Babcock Land Limited at agreed daily rates.”

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

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  +5.8%

  £96,514,000 → £102,078,000

• Cash

  +4.6%

  £15,825,000 → £16,546,000

• Net assets

  -30.2%

  £20,965,000 → £14,634,000

• Employees

  —

  Not reported

• Operating profit

  +6.4%

  £8,617,000 → £9,167,000

• Profit before tax

  +7.2%

  £9,382,000 → £10,062,000

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