MCGILL AND PARTNERS SERVICES LTD

1. MCGILL AND PARTNERS SERVICES LTD 2019-09-19 → present
2. MCGILL & PARTNERS (SERVICES) LTD 2019-05-25 → 2019-09-19
3. STEPHEN MCGILL & PARTNERS (SERVICES) LTD 2019-03-12 → 2019-05-25

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

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors are satisfied that the Group has adequate resources to continue to operate for at least twelve months from the date on which the Board approved the 2024 accounts and has met all banking covenants in place at the time of signing. The Group's forecasts and projections show that the Company has sufficient financial resources on the basis of anticipated performance, after consideration of investors' committed capital and assurances of continued support. As a consequence, the directors have a reasonable expectation that the Group is well placed to manage its business risks and to continue in operational existence for at least twelve months from the date on which the Board approved the 2024 accounts. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.”

Group structure

1. MCGILL AND PARTNERS SERVICES LTD · parent
   1. McGill and Partners Ltd
   2. McGill Global Risk Solution LLC
   3. MGP McGill and Partners Europe Limited
   4. McGill and Partners Bermuda Limited
   5. McGill and Partners Australia PTY Ltd

Significant events

• “In December 2024, The Group was included in Warburg Pincus' first ever multi-asset continuation fund, demonstrating Warburg Pincus' ongoing commitment to McGill & Partners.”
• “In early April, McGill and Partners Holdings Limited completed a new financing agreement comprising a seven year, floating rate term loan and associated committed capex, acquisition and reorganisation facility, and an additional six and a half year additional revolving credit facility. Initially the $215m term loan will be drawn and used to replace the existing $100m loan and a proportion of the existing Group preference share liability. The Company's current guarantor obligations in regards to the existing facility are expected to be replaced with similar obligations for the new facility.”

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

Filings

8

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

  -1.4%

  £107,487,027 → £106,004,448

• Cash

  -9.8%

  £9,785,026 → £8,821,349

• Net assets

  -7.5%

  £28,687,917 → £26,538,176

• Employees

  +4.2%

  377 → 393

• Operating profit

  -50%

  £1,927,354 → £963,677

• Profit before tax

  -44.4%

  £4,002,965 → £2,223,870

• Wages

  -5%

  £58,784,285 → £55,819,125

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