PEOPLE'S PARTNERSHIP LIMITED

1. PEOPLE'S PARTNERSHIP LIMITED 2022-11-28 → present
2. PEOPLE'S FINANCIAL SERVICES LIMITED 2016-07-07 → 2022-11-28

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

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have a reasonable expectation that the Company and the Group has adequate resources to continue in operational existence for at least 12 months from the date of signing the Financial Statements. The Directors have prepared forecasts for the Company and the Group, including its cash position. for at least 12 months from the date of signing of these Financial Statements.”

Group structure

1. PEOPLE'S PARTNERSHIP LIMITED · parent
   1. People's Administration Services Limited 100% · England and Wales · Provider for the Group
   2. B&CE Insurance Limited 100% · England and Wales · Composite insurer
   3. The People's Pension Trustee Limited 100% · England and Wales · Dormant corporate trustee
   4. People's Investments Limited 100% · England and Wales · Investment advisor to the Group
   5. People's Health Limited 100% · England and Wales · Dormant company
   6. B&CE Financial Services Limited 100% · England and Wales · Dormant company
   7. People's Insurance Limited 100% · England and Wales · Dormant company
   8. People's Financial Services Limited 100% · England and Wales · Dormant company

Significant events

• “We onboarded 3,303 new employers to TPP (30% increase vs previous year)”
• “Our annual target for new on-boarded annual contributions was far exceeded, with a result of £25.9m far in excess of the annual target of £9.0m.”
• “Launched further enhancements to our proposition to improve member engagement with their pensions and progressed on rew services to support members reaching retirement. Our mobile app, video statements and our first financial wellbeing guidance proposition are some of the highlights.”
• “Launched new responsible investment policy to help drive sustainable, investment returns.”
• “Aligned investment management to the policy by appointing Amundi and Invesco to run £28bn of funds.”

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

2

last 24 months

Officers appointed

2

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

  +24.9%

  £106,003,000 → £132,397,000

• Cash

  +68.1%

  £72,782,000 → £122,312,000

• Net assets

  +796.2%

  £13,608,000 → £121,955,000

• Employees

  +12.3%

  865 → 971

• Profit before tax

  +83.5%

  £11,342,000 → £20,817,000

• Wages

  +23.1%

  £39,630,000 → £48,788,000

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