XPS ADMINISTRATION LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. XPS ADMINISTRATION LIMITED 2019-04-01 → present
2. PS ADMINISTRATION LIMITED 2015-02-09 → 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

Standalone (parent only)

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors of this Company are satisfied that the Company will have access to adequate resources to continue in operational existence for the foreseeable future, and therefore continue to prepare the accounts for the Company under the going concern basis.”

Significant events

• “The value of intangible assets increased by £2.2m in the year, driven by continuing investment in the year in software of £4.6m, primarily on Aurora, our in-house administration system which is being used to provide administration services to customers, offset with £2.5m of amortisation in the year.”
• “Trade and other receivables have Increased by £2.7m in the year, due to an increase in trade receivables at the year end, driven by the 29% revenue growth, and an increase in contract assets due to the timing of invoices raised for project work undertaken in the year yet to be billed.”
• “In 2025 revenues amounted to £74.0m and represented a year on year increase of 29%. This increase was driven by GMP and McCloud judgement rectification work, alongside new client wins, inflationary increases in client fees, and other projects revenues.”
• “In 2025 profit before tax amounted to £6.3m (2024: £2.2m). The increase is driven by the increase in revenue, offset with an increase in administrative expenses of 24%.”
• “The Group agreed a new revolving credit facility in March 2025, which replaced the previous facility, which was due to end in October 2026. The new facility gives the Group access to a revolving credit facility of £120 million with an accordion of £50 million, and this facility is in place for four years.”
• “The Company disposed of its holding in its subsidiary, Pensions Software Solutions Limited, in the year.”

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

  +29.2%

  £57,271,000 → £73,999,000

• Cash

  +456.1%

  £999,000 → £5,555,000

• Net assets

  +43.7%

  £13,866,000 → £19,923,000

• Employees

  +15.8%

  720 → 834

• Operating profit

  +145%

  £2,674,000 → £6,551,000

• Profit before tax

  +185.1%

  £2,223,000 → £6,337,000

• Wages

  +20.8%

  £31,123,000 → £37,592,000

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