START SCOTLAND LIMITED

• ⚠

  Material uncertainty over going concern

  On the 31st March 2024 the final referral to the First Start Scotland contracts, which Start Scotland operate, was made. From this point, there would be no further starts onto the programme and customers would have an average of 13 months to complete their time on the programme or move into work. The payment mechanism outturns a significant payment tail out to 52 weeks following a person moving into work. Taking all of this into account, the Directors agreed the strategic decision to complete the performance obligations in relation to the Fair Start Scotland contract but not to pursue or undertake any further opportunities or obligations in relation to this entity and to move to dormancy in the future.

1. START SCOTLAND LIMITED 2017-06-15 → present
2. RANDOTTE WLS LIMITED 2016-03-15 → 2017-06-15

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

Grant Thornton UK LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“On the 31st March 2024 the final referral to the First Start Scotland contracts, which Start Scotland operate, was made. From this point, there would be no further starts onto the programme and customers would have an average of 13 months to complete their time on the programme or move into work. The payment mechanism outturns a significant payment tail out to 52 weeks following a person moving into work. Taking all of this into account, the Directors agreed the strategic decision to complete the performance obligations in relation to the Fair Start Scotland contract but not to pursue or undertake any further opportunities or obligations in relation to this entity and to move to dormancy in the future.”

Significant events

• “Start Scotland Limited is a subsidiary of Fedcap Employment Scotland Limited with a minority interest held by The Lennox Partnership Limited. With extensive joint experience, we help to make a difference, striving to put our customer's first and help them on their journey to employment or training.”
• “During the year, Start Scotland Ltd recorded starts of 2,684 customers onto the programme, which was a 58% decrease on prior year participation, due to the programme coming to an end. The programme supported 1,586 people into employment and 806 people into further employment when their first position ceased.”

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

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

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.

• Turnover

  -20%

  £8,946,784 → £7,154,809

• Cash

  -25.4%

  £1,173,342 → £874,993

• Net assets

  +4.7%

  £740,272 → £774,884

• Employees

  0%

  4 → 4

• Operating profit

  +4.9%

  £359,581 → £377,358

• Profit before tax

  +3.2%

  £367,656 → £379,483

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