CLYDE DENTAL PRACTICE 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

Grant Thornton UK LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The underlying business continues to perform well and the new funding package provides longer term stable financing for the business. Having prepared detailed trading financial forecasts, the directors are confident these facilities underpin the ongoing financial viability of the underlying operating business. They consider that the company has sufficient cash resources to trade positively for the foreseeable future and continue to provide all of the company's patients with the high-quality service that they expect. Accordingly, the directors are of the view that it continues to be appropriate to prepare the accounts on the going concern basis.”

Group structure

1. CLYDE DENTAL PRACTICE LIMITED · parent
   1. Advanced Dentistry & Clinical Skills Centre Limited 100% · Scotland · Dental training services
   2. Goldenacre Dental Practice Limited 100% · Scotland
   3. SmilePlus Dentalcare Ltd 100% · Scotland

Significant events

• “On 31 March 2025 the group was acquired by a new holding company, Macdui Bidco Ltd, and entered into new banking facilities with Investec Bank plc. As a result of this, the group received an injection of equity which, along with the new banking facilities, has substantially strengthened the balance sheet and provided the company with a long term sustainable funding solution under new ownership.”
• “In the period to 31 March 2025, the group disposed of 8 practices and now owns and operates 65 practices, making it the largest independent provider of dental services in Scotland.”
• “2 Practices were disposed of post year end.”
• “Due to recruitment gaps across Scotland, it has become increasingly difficult to service patients leading to the closure and subsequent disposal of these practices. Declining dentist rates are placing increasing financial strain on practices and making it harder for them to remain viable.”

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

Filings

8

last 12 months

Capital events

4

last 24 months

Officers appointed

1

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.