PATRIOT NEW TOPCO LIMITED

1. PATRIOT NEW TOPCO LIMITED 2020-01-14 → present
2. DMWSL 915 LIMITED 2020-01-09 → 2020-01-14

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

Consolidated group

Auditor

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The group has prepared detailed forecasts and cash flows which indicate it will continue to meet its liabilities as they fall due, including in relation to debt repayments. This surplus will provide the liquidity required for opportunities or challenges in the current climate of uncertainty. In assessing whether the going concern basis is appropriate, the directors take into account all available information about the future, which is at least, but is not limited to, 12 months from the date of approval of these financial statements. A range of forecast scenarios has been modelled, and after careful consideration, the directors reasonably expect the company to continue in operational existence for the foreseeable future based on these profit and cash flow projections. Thus, they continue to adopt the going concern basis in preparing these financial statements.”

Group structure

1. PATRIOT NEW TOPCO LIMITED · parent
   1. Patriot New Midco I Limited 100% · UK · Holding company
   2. Patriot New Midco 2 Limited 100% · UK · Holding company
   3. Patriot Topco Limited 100% · UK · Holding company
   4. Patriot Midco Limited 100% · UK · Holding company
   5. Patriot New Bidco I Limited 100% · UK · Holding company
   6. Patriot New Bidco 2 Limited 100% · UK · Holding company
   7. Patriot Finco Limited 100% · UK · Holding company
   8. Patriot Bidco Limited 100% · UK · Holding company
   9. FRA Holdings Limited 100% · UK · Holding company
   10. Forensic Risk Alliance Limited 100% · UK · Forensic Accounting, Compliance Monitoring, and Data Governance services
   11. Forensic Risk Alliance Inc 100% · United States · Forensic Accounting, Compliance Monitoring, and Data Governance services
   12. Forensic Risk Alliance SARL 100% · France · Forensic Accounting, Compliance Monitoring, and Data Governance services
   13. Forensic Risk Alliance SA 100% · Switzerland · Forensic Accounting, Compliance Monitoring, and Data Governance services

Significant events

• “Fluctuations in currency markets continue to impact both revenues and profits, most notably the value of Pound Sterling against the Euro and US Dollar.”
• “The group's bank loans (note 19) are denominated in Euros and US Dollars to provide a natural hedge with the majority of the group's revenues which are denominated in Euros and US Dollars.”
• “The group is exposed to foreign exchange risk arising from various currency exposures, including the transaction risk relating to commercial transactions, recognised assets and liabilities in currencies other than reporting currency and translation risk in respect of the operations and net assets of investments in foreign operations.”
• “The group's main interest rate risk arises from long-term borrowings (note 19). Borrowings obtained at variable rates expose the company to interest rate risk due to movements in the EURIBOR and SOFR rates.”

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

Filings

12

last 12 months

Capital events

11

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

  +8.2%

  £58,293,689 → £63,072,581

• Cash

  -25.3%

  £3,195,987 → £2,388,097

• Net assets

  -9.5%

  -£242,369,503 → -£265,493,138

• Employees

  -12.7%

  213 → 186

• Operating profit

  -21.5%

  £5,256,131 → £4,128,346

• Profit before tax

  -5.9%

  -£23,542,271 → -£24,928,978

• Wages

  -4.3%

  £30,116,702 → £28,835,543

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