THE SR GROUP (UK) LIMITED

1. THE SR GROUP (UK) LIMITED 2011-07-22 → present
2. STEVTON (NO.499) LIMITED 2011-05-18 → 2011-07-22

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

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Group continues to generate positive adjusted EBITDA and remains cash generative. The Group maintains a robust net current asset position (when excluding the technical reclassification of long-term debt) and an invoice discounting facility with Sonovate Limited of up to £10m (subject to the value of receivables in the facility) further strengthens its working capital position. The Directors have prepared detailed cash flow forecasts through to 31 December 2026, including downside scenarios reflecting potential trading challenges, including reductions in fee earner yields and headcount. These forecasts demonstrate that the Group and the Company expect to remain compliant with their revised financial covenants and to have sufficient liquidity to meet their obligations as they fall due. Eurazeo and Baird have confirmed their ongoing intention to work collaboratively with the Group to provide the flexibility required to support the business and the Directors are confident in the Group's ability to manage its liquidity and operational risks effectively. Accordingly, the Directors consider it appropriate to adopt the going concern basis in preparing the financial statements.”

Significant events

• “Implementation of a new CRM/ATS in October 2024.”
• “Restructuring of the German business.”
• “Incorporation and licencing of a business to provide recruitment services in the Kingdom of Saudi Arabia.”
• “Property lease decisions.”
• “In May 2025, the Company entered into a UK invoice discounting facility with Sonovate Limited, providing an additional buffer to support operational cash flows of up to £10m, subject to the value of invoices in the facility.”

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

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

  -5%

  £40,348,833 → £38,316,349

• Cash

  -63.2%

  £3,446,593 → £1,268,380

• Net assets

  -22.7%

  £26,264,183 → £20,312,927

• Employees

  -10%

  269 → 242

• Operating profit

  -78.7%

  £3,036,658 → £645,748

• Profit before tax

  -78.4%

  £3,081,005 → £664,227

• Wages

  -8.3%

  £23,665,783 → £21,710,182

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