HEALTHCARE SOLUTIONS (HULL) 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

“In auditing the financial statements, we have concluded that the Directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. 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 financial statements are authorised for issue.”

Significant events

• “The Company commenced the construction phase in February 2006 and completed the construction works on 10 June 2008. The Company commenced the operational phase on 10 June 2008, and full services have been delivered from that date.”
• “A provision (Note 18) of £143,000 (2023: £800,000) relating to the Company's share of expected costs for remediation works in relation to defects discovered with bathroom pods, aseptic pharmacy, exterior protruding walls, water main and other defects in the fabric and passive fire protection at the hospital has been included. The work was completed in 2023 and the remaining provision relates to legal fees.”
• “A successful claim against Shepherd Construction Limited has been made in respect of the above named defects and £1,794,000 was paid in February 2024. Prior to the receipt of this claim, the model denoted a temporary period of failing annual debt service cover ratios and underfunding of the Maintenance Reserve Account, which were both events of default under the Company's Credit Agreement. However following receipt of this claim the financial model now demonstrates compliance with these annual debt service cover ratios and the Maintenance Reserve Account was fully funded in March 2024 and there is no Event of Default.”
• “In 2023 as there was an unwaived Event of Default, the senior debt was classified as due within one year. After the year end, on 6th February 2024 this has been remedied following receipt of the claim and therefore the senior debt maturity profile has been re-instated.”

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

Filings

4

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

  -0.3%

  £2,973,000 → £2,964,000

• Cash

  +38.8%

  £5,285,000 → £7,336,000

• Net assets

  +21.8%

  -£18,327,000 → -£14,325,000

• Employees

  —

  Not reported

• Operating profit

  +156.4%

  £982,000 → £2,518,000

• Profit before tax

  +115.7%

  £1,387,000 → £2,992,000

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