UNITED HEALTHCARE (SOUTH BUCKINGHAMSHIRE) GROUP LIMITED

• ⚠

  Material uncertainty over going concern

  While the group is well-positioned to manage these risks, and indemnities are in place, the ultimate outcome of any dispute or further contractual negotiations cannot be predicted with certainty. As such, the Directors acknowledge that these conditions create a material uncertainty that may cast significant doubt on the Group's and the Company's ability to continue as a going concern, and therefore, the Group and the Company may be unable to realise its assets and discharge its liabilities in the normal course of business and confirm that the financial statements do not include any adjustments that would result if the Group and the Company were unable to continue as a going concern.

1. UNITED HEALTHCARE (SOUTH BUCKINGHAMSHIRE) GROUP LIMITED 2002-03-07 → present
2. 3254TH SINGLE MEMBER SHELF TRADING COMPANY LIMITED 2001-06-04 → 2002-03-07

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

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“While the group is well-positioned to manage these risks, and indemnities are in place, the ultimate outcome of any dispute or further contractual negotiations cannot be predicted with certainty. As such, the Directors acknowledge that these conditions create a material uncertainty that may cast significant doubt on the Group's and the Company's ability to continue as a going concern, and therefore, the Group and the Company may be unable to realise its assets and discharge its liabilities in the normal course of business and confirm that the financial statements do not include any adjustments that would result if the Group and the Company were unable to continue as a going concern.”

Group structure

1. UNITED HEALTHCARE (SOUTH BUCKINGHAMSHIRE) GROUP LIMITED · parent
   1. United Healthcare (South Buckinghamshire) Holdings Limited 100% · England and Wales · Holding company
   2. United Healthcare (South Buckinghamshire) Limited 100% · England and Wales · PFI contract operator

Significant events

• “material uncertainty exists due to post balance sheet events, particularly those related to ongoing contractual discussions with the Trust and the transition of Hard FM services to Serco.”
• “The Directors note that the group has received communications from both the Lenders (Commerzbank) and the Trust (Buckinghamshire Healthcare NHS Trust) post the Balance Sheet date.”
• “Commerzbank indicates that the lender is of the view that a formal request should have been submitted for the Interim Service Agreement (ISA) with Serco. As a result, Commerzbank considers this to be an event of default.”
• “The project will reach the end of the concession in 2030 so discussions will commence on the next stages of the preparation for Handback process.”

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

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

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

  +36.3%

  £9,572,000 → £13,043,000

• Cash

  +43.9%

  £11,823,000 → £17,017,000

• Net assets

  -1.4%

  £8,165,000 → £8,048,000

• Employees

  —

  Not reported

• Operating profit

  -30.8%

  -£2,109,000 → -£2,759,000

• Profit before tax

  -57.7%

  £2,019,000 → £854,000

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