SOCIAL WORK EMPLOYMENT SERVICES 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

Dains Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Significant events

• “Since launching in July 2020 SWES has seen considerable growth in its number of employees and we look forward to new challenges and further growth in the next financial year including more focus on growth of the business, raising professional standards, and developing our partnerships.”
• “Agency rules issued by the Department for Education leading to a reduction in employee numbers and payments made. These rules are fully implemented and have succeeded in reducing the overreliance on and costs of agency child and family social workers with a considerable drop in the number of agency social workers.”
• “SWES offers employees extended SSP of ten weeks (against the standard of two weeks). Agencies do not cover SSP costs and the additional cover for employees aligns with ethical employment practices. This has had a significant impact on our profit and will be monitored as part of the ongoing review of the overall business model.”

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

Filings

3

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

  -17.1%

  £18,247,454 → £15,134,884

• Cash

  -26.3%

  £1,113,025 → £820,787

• Net assets

  -18.8%

  £10,215 → £8,294

• Employees

  -16.9%

  254 → 211

• Operating profit

  -425.2%

  £7,421 → -£24,132

• Profit before tax

  -45%

  £7,421 → £4,083

• Wages

  -17.8%

  £15,948,987 → £13,109,613

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