NPOWER GROUP BUSINESS SERVICES LIMITED

• ⚠

  Material uncertainty over going concern

  The Company's operational activities reduced during the year and by the year end, the Company had ceased to trade, is in the process of being wound up and will be dissolved in due course. Accordingly, the directors believe that the going concern basis of accounting is not appropriate and the financial statements have been prepared on a basis other than going concern.

1. NPOWER GROUP BUSINESS SERVICES LIMITED 2021-12-01 → present
2. INNOGY BUSINESS SERVICES UK LIMITED 2016-09-01 → 2021-12-01
3. RWE GBS UK LIMITED 2014-01-03 → 2016-09-01
4. RWE IT UK LIMITED 2008-04-30 → 2014-01-03
5. RWE SYSTEMS UK LIMITED 2007-01-15 → 2008-04-30

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 101

Reporting scope

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Company's operational activities reduced during the year and by the year end, the Company had ceased to trade, is in the process of being wound up and will be dissolved in due course. Accordingly, the directors believe that the going concern basis of accounting is not appropriate and the financial statements have been prepared on a basis other than going concern.”

Significant events

• “During August 2024, a restructure of the cash pooling facility was undertaken and the Company no longer provides funding to other group companies.”
• “During the year, the Company's capital was reduced from £170 million to £1 by cancelling and extinguishing capital to the extent of £0.9999999941 on each issued fully paid up ordinary share of £1.”
• “By the year end, the Company had ceased to trade, is in the process of being wound up and will be dissolved in due course.”
• “The reversal of impairment of amounts owed by group undertakings recognised as a credit during the year was £1,176,000 (2023: credit of £305,000).”
• “During the year, the lease was surrendered, fully settled, and the total cash outflow for leases in 2024 was £1,780,000 (2023: cash outflow of £316,000).”
• “The provision relates to the exit of a building leased in connection with the previous domestic retail business. The provision was fully utilised in 2024.”

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

2

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

  —

  Not reported

• Cash

  —

  Not reported

• Net assets

  0%

  -£1,895,000 → -£1,895,000

• Employees

  —

  Not reported

• Operating profit

  +256.2%

  -£1,157,000 → £1,807,000

• Profit before tax

  +305.1%

  -£924,000 → £1,895,000

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