PENSION SERVICES CORPORATION LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-08-13 (in 3mo)
Last made up 2025-07-30
Watchouts
None on the register
Cash
£8M
+22.6% vs 2023
Net assets
-£686K
-146.3% vs 2023
Employees
593
+17.7% vs 2023
Profit before tax
£151K
+15.3% vs 2023
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £250,819,000 | £274,366,000 | |
| Operating profit | £436,000 | £2,459,000 | |
| Profit before tax | £131,000 | £151,000 | |
| Net profit | -£643,000 | -£2,184,000 | |
| Cash | £6,636,000 | £8,134,000 | |
| Total assets less current liabilities | — | — | |
| Net assets | £1,481,000 | -£686,000 | |
| Equity | £1,481,000 | -£686,000 | |
| Average employees | 504 | 593 | |
| Wages | £75,818,000 | £87,194,000 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 0.2% | 0.9% | |
| Net margin | -0.3% | -0.8% | |
| Gearing (liabilities / total assets) | 99.2% | 100.4% | |
| Current ratio | 0.96x | 0.85x | |
| Interest cover | 1.03x | 1.01x |
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.
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors consider the Company to be a going concern and to remain in its current state as a service company of PICG for the foreseeable future. Management have concluded that the Company has adequate resources to operate for at least the next 12 months.”
Significant events
- “The Directors do not recommend the payment of a dividend for the year.”
- “The Company made charitable donations, including employee fundraising, totalling £277,002 (2023: £256,843).”
- “The Cornhill office building leases were terminated, and premises vacated during December 2024, resulting in no lease liability at year end.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GRIFFITHS, Martin | Secretary | 2024-12-02 | — | — |
| GRIFFITHS, Martin James | Director | 2025-12-18 | May 1976 | British |
| VENEY, Dominic | Director | 2021-12-01 | Apr 1976 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| INWARD, Louise | Secretary | 2016-01-27 | 2024-12-02 |
| BLACKWELL, Tracy Marie | Director | 2015-06-30 | 2025-12-31 |
| COOMBER, John Richard | Director | 2012-04-04 | 2015-06-30 |
| SEWELL, Robert Peter | Director | 2012-04-04 | 2021-11-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Pic Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 49 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-09 | CH01 | officers | Change person director company with change date | |
| 2025-12-31 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-22 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-09 | AA | accounts | Accounts with accounts type full | |
| 2024-12-18 | CH01 | officers | Change person director company with change date | |
| 2024-12-18 | CH01 | officers | Change person director company with change date | |
| 2024-12-03 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-12-03 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-11-27 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-11-27 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-07-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-07 | AA | accounts | Accounts with accounts type full | |
| 2024-04-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-28 | AA | accounts | Accounts with accounts type full | |
| 2023-04-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-01 | CH01 | officers | Change person director company with change date | |
| 2022-04-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-03-17 | AA | accounts | Accounts with accounts type full | |
| 2021-12-01 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+9.4%
£250,819,000 £274,366,000
-
Cash
+22.6%
£6,636,000 £8,134,000
-
Net assets
-146.3%
£1,481,000 -£686,000
-
Employees
+17.7%
504 593
-
Operating profit
+464%
£436,000 £2,459,000
-
Profit before tax
+15.3%
£131,000 £151,000
-
Wages
+15%
£75,818,000 £87,194,000
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