CHERISH UK 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

Xeinadin Audit Ltd

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 the company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.”

Group structure

1. CHERISH UK LIMITED · parent
   1. Cherish Childrens Care Ltd 100% · United Kingdom · Provision of residential services for children
   2. Cherish Lancashire Ltd 100% · England and Wales · Dormant

Significant events

• “new contract wins and new services starting alongside continued organic growth”
• “increased staff and national insurance costs”
• “CQC downgrades as a potential financial risk”
• “support a minimum pay level above the real living wage despite the pressures from additional minimum pay thresholds and higher NI costs, this is a significant challenge for all companies working in the social care sector and the company is reliant on fee increases from local councils”
• “demand is continuing to grow in all the market areas we operate in and we view this as sustainable in the medium term. Fee increases are becoming increasingly challenging, particularly as we maintain being a real living wage employer. We will continue to build newer contracts, tender for suitable opportunities and are planning to increase our presence in the privately paid market.”
• “Our Group Senior Management Team is fully in place with each having measurable targets to achieve in the coming year. We have also initiated and delivered a high-level Branch Leadership Programme (BLP) and a Future Leaders of Cherish initiative (FLOC) as we continue to invest highly in our employees.”

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

Filings

6

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

  +15.4%

  £18,034,047 → £20,802,280

  highest in 3 filed years

• Cash

  +48.8%

  £1,112,486 → £1,655,835

  highest in 3 filed years

• Net assets

  +6.4%

  £3,251,508 → £3,459,766

  highest in 3 filed years

• Employees

  +0.3%

  674 → 676

• Operating profit

  +9.9%

  £1,548,324 → £1,701,478

• Profit before tax

  +9.6%

  £1,515,981 → £1,662,205

• Wages

  +14.9%

  £13,774,947 → £15,823,132

  highest in 3 filed years

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers