PEOPLE GROUP OPERATIONS LIMITED

1. PEOPLE GROUP OPERATIONS LIMITED 2018-09-27 → present
2. DRAGON GLASS LIMITED 2018-02-14 → 2018-09-27

Latest accounts filed cover 2025-03-31; financial figures currently reflect up to 2023-03-31.

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

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Bishop Fleming Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“During the year ended 31 March 2025 the Group made a loss before tax of £88,153 (2024: loss of £111,984) and as at 31 March 2025 had net liabilities of £403,307 (2024: net liabilities of £295,318). Since the year-end, the Group has traded well and is on target to deliver at indicated performance levels. The Company continues to be reliant on the ongoing support of its fellow group companies, and in turn its funders and shareholders. Having regard to the financial statements contained herein the Directors have considered the financial position of the Company and performance post year-end. Management have prepared cashflow forecasts, as well as budgeted trading and profit & loss figures which have been prudently prepared. These forecasts demonstrate that the Group will retain an ability to successfully manage cash flows and discharge all liabilties as they fall due, for a minimum period of at least 12 months from signing of these financial statements. Whilst the Directors do not anticipate any need for further funding, if any funding was required the Director is confident any requirements for additional funding will be met by the support from the Shareholder and the Group's funders. In addition to the above, People Group Operations Limited and its fellow Group companies have entered into a legally binding agreement whereby each Group company agrees to financially support and not withdraw funding to fellow Group companies. This confirms support to all Group companies such that intercompany balances cannot be withdrawn and funding will be provided to support the going concern basis of accounting of each company, as as the Group as a whole. In addition, management have obtained a letter of support from the ultimate controlling party, Terence Hillier, to provide additional appropriate financial support should it be required. As such the Directors consider it appropriate to prepare the accounts on the going concern basis.”

Group structure

1. PEOPLE GROUP OPERATIONS LIMITED · parent
   1. People Group Services Limited 100% · UK
   2. People Engage Limited 100% · UK
   3. People MDSC Limited 100% · UK
   4. People Complete Limited 100% · UK
   5. People Umbrella Limited 100% · UK
   6. People PAYE Limited 100% · UK
   7. People PSC Limited 100% · UK
   8. People CIS Limited 100% · UK
   9. People Payments Limited 100% · UK

Significant events

• “The reduction in turnover in comparison to the prior year, is predominantly due to an acquisition of a large client by a third party.”
• “During the year the Group paid management fees amounting to £405,900 (2024: £327,418) and made sales totalling £21,587 (2024: £nil) to TWH Holdings Limited, a company in which T Hillier has a controlling interest.”

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

Filings

2

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

  —

  Not reported

• Cash

  -42.9%

  £2,585 → £1,476

• Net assets

  +4.4%

  -£133,505 → -£127,614

  highest in 4 filed years

• Employees

  +25.3%

  2,667 → 3,343

  highest in 4 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