FEDCAP EMPLOYMENT 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

Standalone (parent only)

Auditor

Grant Thornton UK LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In the final analysis, management and its board members are satisfied that the entity remains a going concern for the foreseeable future and it is able to meet all of its obligations, both financial and non-financial from its current financial position.”

Significant events

• “Launch of new website and brand across the organisation”
• “Go live of the inspiring futures contract in the providing supported employment to economically inactive residents with health condition over a 17 month period in partnership with Cheshire East Council”
• “IEP basecamp awards received by a number of Fedcap Employment employees”
• “Introduction of a new performance development framework – We Thrive, a behavioural framework and talent forums underpinned by launch of new employee pulse surveys through our culture amp platform which reported a 8% increase in employee engagement in a six month period.”
• “Launch of our employee of the month initiatives and We Celebrate employee recognition and celebration funds as well as announcing a pay rise for all eligible employees and increase in employer pension contributions”
• “Continued to enhance support to our people with the launch of the EDI calendar, menopause library and initiatives and continuing with We Listen forums and We Care sessions throughout the year.”
• “Fedcap highly commended for its Health and Wellbeing Services in the Self Care Innovation Awards 2023”
• “Extension of the Restart Programmes for a further two years of referrals in both South Central and Northwest”
• “Held our annual "Inspire day", where all our people took part in volunteering with a local charities across the country”
• “Successful achievement of ISO 14001 Accreditation in Environmental Management”
• “Publication of our first Social Impact Report”
• “Launch of a new, three year, supported employment contract in partnership with Reading Borough Council in May 2024”
• “Launch of second clubhouse in Brighton to support our restart customers with mental health conditions ready themselves for employment.”
• “Undertaking a range of environment and sustainability initiatives such as launching new environmental bitesize courses and mandatory training for all employees on environmental and sustainability awareness”
• “Launch of phase two of our advisor portal to support our customers on our programmes, roll out of "Employment Bot” AI tool and implementation of new customer feedback initiative "closing the loop"”
• “Shortly following the period end, Fedcap Employment Limited secured a £1.3 million new health contract in Surrey working with the local authority to provide a mental health advisory service over a 16 month period.”

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

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -14.3%

  £40,118,597 → £34,401,340

• Cash

  -6.6%

  £5,179,334 → £4,838,838

• Net assets

  -4.8%

  £1,395,756 → £1,329,117

• Employees

  -17.6%

  459 → 378

• Operating profit

  -1.9%

  £2,033,361 → £1,995,293

• Profit before tax

  -1.9%

  £2,033,361 → £1,995,293

• Wages

  -13.4%

  £14,266,062 → £12,359,365

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