PUBLIC SECTOR PARTNERSHIP SERVICES LTD

1. PUBLIC SECTOR PARTNERSHIP SERVICES LTD 2019-04-01 → present
2. COMPASS POINT BUSINESS SERVICES (EAST COAST) LIMITED 2010-06-18 → 2019-04-01

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

IFRS

Reporting scope

Consolidated group

Auditor

Duncan & Toplis Audit 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.”

Significant events

• “The most significant development which occurred during the accounting period was the Government's announcement in relation to Local Government Re-organisation (LGR). Whilst there are no immediate short-term impacts, LGR has the potential to create significant change in the medium to long term for the structure of our Shareholder organisations, which will have a consequential impact. These impacts could also offer significant opportunity for the Company in future delivery models. At this stage it is too early to fully understand or plan for either the risks or opportunities. We are actively engaged in the LGR proposals being developed by two of our Shareholders (ELDC and SHDC), which places PSPS as an active delivery partner in a new Unitary model, with substantial experiences in delivery back office and shared services arrangements, as well as introducing a new Council into a Company structure. A decision will not be known until mid-2026 on what new structures will exist for Local Government, therefore we are currently assessing what the likely shorter-term impacts are for us to consider and manage.”

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

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

2

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

  +10.5%

  £14,769,000 → £16,324,000

• Cash

  +15.4%

  £1,260,000 → £1,454,000

• Net assets

  +71.4%

  £896,000 → £1,536,000

• Employees

  +3%

  299 → 308

• Operating profit

  +779.3%

  £140,000 → £1,231,000

• Profit before tax

  +542%

  £205,000 → £1,316,000

• Wages

  +7.4%

  £8,503,000 → £9,134,000

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