PRESTWICK CARE LIMITED

Company number

07110396

Status

Active

Incorporation

2009-12-22

Last accounts made up

2025-03-31

Account category

FULL

Primary SIC

87100

Hubs

UK Healthcare

Values shown as filed in iXBRL accounts. — indicates the figure was not present in the extracted filing (either not filed under that concept or absent from the period). About these numbers

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Robson Laidler Accountants Limited

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. At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”

Significant events

• “The business continues to face issues in relation to the employment market and the struggle to recruit and retain staff across the care sector with the exodus of people out of the care sector to work in other fields to which the company has not been immune.”
• “Increasing inflation during the year has impacted the cost base, especially around wage costs, utility, insurance and food costs. Additionally for our Northumberland homes, we have committed to paying the Real Living Wage.”
• “The higher interest rates have also increased the amount of debt service required which has impacted cashflow and which we are closely monitoring.”
• “Due to the cost pressures the care home sector is facing, local authority weekly rates, which dictate a substantial proportion of our income, increased substantially at the beginning of the financial year and increased again in April 2025 which helps to alleviate some of the cost challenges.”
• “Our lenders remain committed to the business with our lending secured to July 2026.”
• “The company continues to be funded by bank loans secured on the freehold properties with the loans being refinanced to July 2026.”

Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers