INVERCLYDE COMMUNITY DEVELOPMENT TRUST

• ⚠

  Material uncertainty over going concern

  If a contractual relationship is not retained beyond the end of March 2026 then the company may be unable to continue trading in its current operational set-up.

1. INVERCLYDE COMMUNITY DEVELOPMENT TRUST 1996-02-16 → present
2. GREENOCK EMPLOYMENT ACTION GROUP LIMITED 1989-02-21 → 1996-02-16

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

Henderson & Company

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“If a contractual relationship is not retained beyond the end of March 2026 then the company may be unable to continue trading in its current operational set-up.”

Significant events

• “reported a second consecutive year of annual surplus”
• “successfully completed another annual audit without any qualifications”
• “improved cost control and reduced liabilities”
• “successfully manged to retain the Employability contract for 2024/25”
• “diversified income with new grants with Acorns to Trees, Heritage Lottery and our new Energy projects”
• “strengthened our unrestricted reserves giving greater flexibility”
• “make a strong local economic impact by providing £1.27m in wages and 41 jobs to Inverclyde”
• “expand our community reach with 57 volunteers, two Pantries with 1,785 members”
• “help hundreds of Inverclyde residents into employment across our community projects each year”
• “bring hundreds of thousands of pounds of external funding into Inverclyde each year”
• “ICDT has strengthened its position as a key local delivery partner for the No One Left Behind (NOLB) approach”

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

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -9.7%

  £2,021,382 → £1,826,004

• Cash

  -13.7%

  £159,835 → £137,991

• Net assets

  +8.3%

  £1,166,590 → £1,263,684

• Employees

  -16.4%

  61 → 51

• Operating profit

  +174.9%

  £35,519 → £97,648

• Profit before tax

  +179.7%

  £34,708 → £97,094

• Wages

  -6.8%

  £1,222,879 → £1,139,463

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