HP UK DEVELOPMENT 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

Ernst & Young

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Given that the Company has considerable financial resources and the fact that the Company has projected positive cashflows for a period of 12 months from the date of signing the financial statements, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the period to 31 May 2026. Accordingly, the Company continues to adopt the going concern basis in preparing the financial statements.”

Significant events

• “On 1 November 2022, HP Inc acquired Plantronics, Inc ("Poly"). Poly is the leader in video conferencing solutions, cameras, headsets, voice and software. With the acquisition, the Company aims to deliver a complete ecosystem of devices, software, and digital services to create premium employee experiences, improve workforce productivity, and provide enterprise customers with better visibility, insights, security, and manageability across their hybrid IT environments. The process of integration of Poly UK into HP UK Development Limited ("UKD") concluded in 2023. 16 Poly employees looking after UKD Research and development activities were transferred to the Company during 2023.”
• “No material events have occurred since the statement of financial position date which would affect the financial statements of the Company.”

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

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

1

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

  +12.8%

  £20,014,085 → £22,572,276

• Cash

  -20.3%

  £349,889 → £278,725

• Net assets

  +20.4%

  £10,701,260 → £12,887,324

• Employees

  +13.4%

  119 → 135

• Operating profit

  +166.9%

  -£2,133,432 → £1,426,983

• Profit before tax

  +2.3%

  £3,315,048 → £3,390,660

• Wages

  +12.7%

  £10,616,753 → £11,968,866

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