INSPIREDSPACES STAG (PSP2) 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

Consolidated group

Auditor

Goodman Jones LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Group had net liabilities of £262,000 as at 31 December 2024 and generated a profit for the year ended of £82,000. The net liabilities position is caused by the interest rate swap liability, which is a long term liability that will be unwound over the concession period. The Directors have prepared cash flow forecasts covering a period of at least 12 months from the date of approval of these financial statements which indicate that, taking account of severe but plausible downsides, the Group and Parent Company will have sufficient funds to meet its liabilities as they fall due for that period and to operate within the covenants on its external borrowings. Specifically, the Directors have considered if, in modelled severe but plausible downside scenarios, the level of operational performance of the Group would lead to service failure points being awarded against the Group in accordance with the terms of the Group's contract with the local authority sufficient to cause an event of default under the terms of the Group's external borrowings. To date, there has been no material adverse impact on the Group's cashflows, or the service levels provided and no indication of heightened risk of subcontractor failure. As a result, the cashflow forecasts indicate that, even in downside scenarios, the Group will be able to meet its liabilities as they fall due. Consequently, the Directors are confident that the Group and Parent Company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.”

Group structure

1. INSPIREDSPACES STAG (PSP2) LIMITED · parent
   1. Inspiredspaces STaG (Holding1) Limited 0.72% · United Kingdom · holding company for design, build, maintenance and operation of a series of schools under the Private Finance Initiative

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

Filings

7

last 12 months

Capital events

2

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

  +4.1%

  £1,751,000 → £1,823,000

• Cash

  +113.9%

  £1,536,000 → £3,286,000

• Net assets

  +59.8%

  -£652,000 → -£262,000

• Employees

  —

  Not reported

• Operating profit

  +13.6%

  £206,000 → £234,000

• Profit before tax

  +57.1%

  £70,000 → £110,000

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