HSO ENTERPRISE SOLUTIONS 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

FRS 102

Reporting scope

Consolidated group

Auditor

PM+M Solutions for Business LLP

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 financial year 2024 has been a transformative one for HSO UK, marked by significant shifts in market dynamics. Over the course of the year, the company made a number of strategic realignments to position the company for the next phase of its growth.”
• “In 2024, HSO UK's revenue decreased from £58.3 million to £52.4 million. It should be noted that the loss also reflects a significant bad-debt write-off due to the business failure of a large customer in the distribution sector.”
• “To adapt to the market's shift towards continuous improvement and faster time-to-value models, we restructured our cost base to reflect our changing business priorities, with more focus on higher growth technologies such as Data, Artificial Intelligence (AI), Low-Code Application Development and Cloud Infrastructure. Revenue from our Cloud practices (AI, Data, Cloud Infrastructure and Low-Code) doubled in 2024.”
• “HSO continues to invest in newer, high-growth vertical markets, notably Public Sector and Professional Services, in addition to its on-going investment in our long-established markets of Manufacturing, Distribution and Retail. This has resulted in over 30 new-name customers in the year.”
• “Investment in Intellectual Property and AI Technology: In 2024, HSO UK made significant strides in strengthening its position as a leader in sector-specific solutions by investing heavily in the development of intellectual property (IP) and advanced AI technologies.”

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

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

0

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

  -9.8%

  £58,076,325 → £52,366,162

• Cash

  +3.9%

  £3,548,468 → £3,685,141

• Net assets

  —

  Not reported

• Employees

  +3.4%

  352 → 364

  highest in 6 filed years

• Operating profit

  -176.7%

  £1,530,714 → -£1,174,490

  lowest in 6 filed years

• Profit before tax

  -172.9%

  £1,530,714 → -£1,116,116

  lowest in 6 filed years

• Wages

  +6.3%

  £25,457,348 → £27,071,684

  highest in 6 filed years

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers