PARKS OF HAMILTON (COACH HIRERS) LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

Thomas Barrie & Co LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors are of the opinion that the financial statements should be prepared on a going concern basis, despite the fact that the Statement of Financial Position is showing a net current liability. The key driver being the hire purchase commitments obtained for the purchase of fixed assets. Overall, the company has a healthy net asset position and will continue to receive support of the parent company, hence, going concern basis of the company is considered appropriate. In forming this opinion, the directors have considered forecasts prepared taking into account the information currently available as well as several severe downside scenarios. The group's balance sheet has strong reserves and trading since the year end has been good, there is no reason to believe that the group's current funding and liquidity position is not sufficient.”

Significant events

• “On 31 December 2025, the Coach division's contract for services operating from the Group depot in Plymouth will come to an end by mutual agreement. The Directors do not envisage significant costs associated with the closure of the Plymouth operations and therefore no provision has been made. The contracts contributed £8.16m of Turnover during the financial year. Vehicles dedicated to these services will be deployed on other operations, offering opportunities to grow private hire and express service business.”

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

0

last 24 months

Officers appointed

0

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

  +6.2%

  £31,825,186 → £33,793,869

• Cash

  -97.2%

  £2,046,366 → £57,396

• Net assets

  -54.8%

  £8,139,072 → £3,675,728

• Employees

  +7.6%

  329 → 354

• Operating profit

  +3.9%

  £6,085,246 → £6,321,541

• Profit before tax

  +5.2%

  £5,752,130 → £6,048,875

• Wages

  +8.9%

  £10,776,985 → £11,734,086

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers