NHS PROPERTY SERVICES 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

IFRS

Reporting scope

Standalone (parent only)

Auditor

Comptroller and Auditor General

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“NHS Property Services Limited's going concern status for 2024/25 is supported by its strong liquidity position with £45 million net current assets, access to a £250 million loan facility from the Department of Health and Social Care with £250 million (full amount) remaining available at year-end, robust cash flow projections showing over £100 million in cash balances through March 2027, the ongoing financial support from its parent DHSC which has indemnified funding shortfalls, and its substantial £3 billion net asset position derived mainly from its £3 billion property portfolio. While the company is forecasting operating deficits driven largely by depreciation charges, this is not expected to significantly impact cash flows or future viability, as the deficits relate primarily to non-cash expenses. Despite budgeting an operating loss in 2025/26 driven by depreciation, the company's overall financial health, financing access, cash flows, and asset backing mitigate any significant going concern risks. The company is wholly owned by the Secretary of State for Health and Social Care, who has provided an undertaking that supports the 'going concern' view of the company.”

Significant events

• “Subsequent to the year end, NHS Property Services Limited received confirmation from the Secretary of State for Health and Social Care of an extension to the existing flexible loan facility agreement outlined in Note 1. The facility, originally agreed on 16 February 2021 for an amount up to £250 million, has been extended to 1 April 2027. As this confirmation occurred after the reporting date, it is treated as a non-adjusting event in accordance with IAS 10.”

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

Filings

10

last 12 months

Capital events

4

last 24 months

Officers appointed

1

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +0.3%

  £807,940,000 → £810,646,000

• Cash

  -13.7%

  £121,861,000 → £105,182,000

• Net assets

  -1.2%

  £3,081,928,000 → £3,044,443,000

• Employees

  -1.5%

  5,507 → 5,424

• Operating profit

  -6.7%

  -£82,118,000 → -£87,660,000

• Profit before tax

  +16.3%

  -£174,585,000 → -£146,083,000

• Wages

  +5.4%

  £153,733,000 → £162,016,000

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