PORTAKABIN (SITE ACCOMMODATION) LIMITED

1. PORTAKABIN (SITE ACCOMMODATION) LIMITED 2016-12-08 → present
2. KONSTRUCTA HIRE LIMITED 2006-08-09 → 2016-12-08

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

Ernst & Young 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 concem for a period to June 2026. The financial statements have been prepared on a going concern basis which the directors consider to be appropriate for the following reasons: The directors have undertaken a going concern review in which they considered cash flow forecasts covering the period to June 2026 (the going concern assessment period). This review took place in the context of Pacific Bidco Limited's borrowing facilities, which total £300m and run until April 2029, debt which partially funded the Portakabin Acquisition, as well as intercompany loans from Pacific Bidco Limited to three Portakabin entities, including Portakabin (Site Accommodation) Limited, recognised on completion of the Portakabin Acquisition. ... Pacific Bidco Limited has further indicated its intention not to require repayment of any of the intercompany loans recognised on completion of the Portakabin Acquisition during the going concern assessment period. Further, the company's ultimate parent company, Pacific Topco Limited, has provided a written assurance that it will provide such financial support to the company to enable it to meet its obligations as they fall for a period of twelve months from the date of approval of the financial statements, but only in the event funds are not otherwise available to the company to meet its liabilities. Following this review the directors concluded that, based on the cash forecasts and the funding facilities in place, they are confident that the group and company will have sufficient funds to continue to meet their liabilities as they fall due for at least 12 months from the date of approval of the financial statements and consequently have prepared the financial statements on a going concern basis.”

Significant events

• “On 23 May 2024, the company's immediate parent company, Portakabin Limited, was acquired by Portakabin Holdco Limited. On 11 June 2024, the shareholders of Portakabin Holdco Limited completed the sale of the entire issued share capital of Portakabin Holdco Limited to Pacific Bidco Limited, "the Portakabin Acquisition". The ultimate controlling party of Pacific Bidco Limited is Antin Infrastructure Partners SAS.”

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

Filings

2

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

  +7.9%

  £32,164,000 → £34,712,000

• Cash

  +1,002.5%

  £162,000 → £1,786,000

• Net assets

  -47.5%

  £45,436,000 → £23,872,000

• Employees

  +4.1%

  147 → 153

• Operating profit

  -26.4%

  £4,723,000 → £3,477,000

• Profit before tax

  -57%

  £4,723,000 → £2,033,000

• Wages

  +13.7%

  £5,689,000 → £6,466,000

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