CORTINA RACE LLP
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2027-02-17 (in 9mo)
Last made up 2026-02-03
Watchouts
None on the register
Cash
£8M
+46.5% vs 2024
Net assets
£37M
+178.7% vs 2024
Employees
1,499
+2.6% vs 2024
Profit before tax
-£171K
+23.1% vs 2024
Profit before tax
2-year trend · vs Unclassified median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £57,368,549 | £63,894,649 | |
| Operating profit | £1,813,935 | £1,835,419 | |
| Profit before tax | -£221,874 | -£170,583 | |
| Net profit | -£221,874 | £3,336,724 | |
| Cash | £5,193,263 | £7,610,484 | |
| Total assets less current liabilities | £13,362,751 | £37,248,412 | |
| Net assets | — | — | |
| Equity | £6,153,903 | £10,933,412 | |
| Average employees | 1,461 | 1,499 | |
| Wages | £31,533,608 | £36,338,769 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | 3.2% | 2.9% | |
| Net margin | -0.4% | 5.2% | |
| Return on capital employed | 13.6% | 4.9% | |
| Current ratio | 0.53x | 1.22x | |
| Interest cover | 0.61x | 0.61x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- RSM UK Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The group's latest cash flow forecasts, taking account of the inherent risks and uncertainties of the trading environment, indicate that the group should continue to be cash flow positive and as a consequence has sufficient liquidity to continue trading as a going concern.”
Group structure
- CORTINA RACE LLP · parent
- Indigo Care Holding Limited 98.3%
- Indigo Asset Holding Limited 100%
- Indigo Property Holdings 1 Limited 100%
- Indigo Care 1 Limited 98.3%
- Indigo Care 2 Limited 98.3%
- Indigo Care 3 Limited 98.3%
- Indigo Care 4 Limited 98.3%
- Indigo Care 5 Limited 98.3%
- Indigo Care Newco Limited 98.3%
- Plum Bidco Limited 98.3%
- Indigo Care Services Limited 98.3%
- Indigo Care Services (2) Limited 98.3%
- Orchard Care Homes.com Holdings Limited 98.3%
- Tri-Care Limited 98.3%
- Orchard Residential Care Limited 98.3%
- Orchard Care Homes.com (2) Limited 98.3%
- Orchard Care Homes.com (6) Limited 98.3%
- OCH Management Services Limited 98.3%
Significant events
- “The group has refinanced its' external debt facility in the year with the new debt facility offering an initial term of three years.”
- “Temporary period of closure and low occupancy during the growth phase of Reconnect services resulted in start-up losses being incurred totalling £511,000.”
- “The main cost challenge in the year was the increase in National Minimum Wage (NMW) rise of 9.8%.”
- “Agency usage declined through the year and is in line with the FY26 budget post year end.”
- “The group has renewed its energy contracts during the year until September 2026 for gas and March 2027 for electricity to give medium term certainty over pricing.”
- “A refinancing exercise was completed in the year replacing the previous facility with the £27,700,000 new bank facility presented above on a three year term loan. Post year end this loan was novated to Indigo Care Newco Limited, a wholly owned subsidiary on 6th April 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GOULDING, Ian Don | Llp Designated Member | 2019-05-17 | Jan 1964 | — |
| ALCHEMY SPECIAL OPPORTUNITIES FUND III L.P. | Corporate Llp Designated Member | 2015-02-03 | — | — |
| ASO LUX 3 S.À.R.L. | Corporate Llp Designated Member | 2015-02-03 | — | — |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Ian Don Goulding | Individual | voting-rights-25-to-50-percent-limited-liability-partnership | 2019-05-17 | Active |
| Alchemy Special Opportunities Llp | Corporate entity | voting-rights-50-to-75-percent-as-firm-limited-liability-partnership, significant-influence-or-control-limited-liability-partnership, right-to-share-surplus-assets-75-to-100-percent-as-firm-limited-liability-partnership, right-to-appoint-and-remove-members-as-firm-limited-liability-partnership | 2016-04-06 | Active |
Filing timeline
Last 20 of 34 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-16 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-02-10 | LLCH02 | officers | Change corporate member limited liability partnership with name change date | |
| 2026-01-03 | AA | accounts | Accounts with accounts type group | |
| 2025-02-07 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-22 | AA | accounts | Accounts with accounts type group | |
| 2024-02-07 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-15 | AA | accounts | Accounts with accounts type group | |
| 2023-04-03 | LLPSC05 | persons-with-significant-control | Change to a person with significant control limited liability partnership | |
| 2023-02-20 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-05 | AA | accounts | Accounts with accounts type group | |
| 2022-02-17 | LLCH02 | officers | Change corporate member limited liability partnership with name change date | |
| 2022-02-15 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-01-07 | AA | accounts | Accounts with accounts type group | |
| 2022-01-04 | LLPSC05 | persons-with-significant-control | Change to a person with significant control limited liability partnership | |
| 2022-01-04 | LLAD01 | address | Change registered office address limited liability partnership with date old address new address | |
| 2021-02-18 | AA | accounts | Accounts with accounts type group | |
| 2021-02-12 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-05-04 | AA | accounts | Accounts with accounts type group | |
| 2020-03-02 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-06-05 | LLPSC01 | persons-with-significant-control | Notification of a person with significant control limited liability partnership |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
+11.4%
£57,368,549 £63,894,649
-
Cash
+46.5%
£5,193,263 £7,610,484
-
Net assets
—
Not reported
-
Employees
+2.6%
1,461 1,499
-
Operating profit
+1.2%
£1,813,935 £1,835,419
-
Profit before tax
+23.1%
-£221,874 -£170,583
-
Wages
+15.2%
£31,533,608 £36,338,769
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