PSYCH-UK LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Forvis Mazars LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After due consideration of these factors, the directors consider that there are no material uncertainties about the company's ability to continue as a going concern and are satisfied that the company will be able to operate with the available facilities for the foreseeable future, being a period of no less than twelve months from the date of approval of these financial statements.”

Group structure

1. PSYCH-UK LIMITED · parent
   1. PUK Management Services Ltd 0.7% · United Kingdom
   2. Software Solutions South West Limited 0.51% · United Kingdom

Significant events

• “The assets and liabilities of Psychiatry UK LLP were transferred to Psych-UK Ltd on the 1st March 2023.”
• “Net profit decreased... to a net loss of £0.99 million... largely due to significant write-offs (totalling £1.42 million) of inter-company loans that crystallised when the Company decided to cease collaborating with HLP-ME and HLP-U (two unprofitable ventures that the Company had no economic interest in).”
• “Since year end there has been a change of government which of course introduces an element of uncertainty.”
• “At our most recent inspection we were given a 'needs improvement' rating in order to improve monitoring of patients while they are on our waiting list. We have now implemented the changes required to meet the CQC's standards... Our Right to Choose referral service was put on hold until the above measures could be implemented.”
• “The company has an Invoice Discount Facility with the Royal Bank of Scotland. The account limit for drawdown has been increased to £4m from £3m in this financial year.”
• “The Company was incorporated on 21 December 2022. These financial statements have been presented for the 14-month period from incorporation to 29 February 2024.”
• “On 1 March 2023 Psych-UK Ltd acquired the trade and assets of Psychiatry UK LLP which included the controlling interest in two subsidiary companies, PUK Management Services Ltd and Software Solutions South West Limited.”

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

Filings

10

last 12 months

Capital events

1

last 24 months

Officers appointed

1

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.