The Accounts · daily brief
22 August 2026
Auditor disclaims opinion on Eastgate's break-up accounts
The takeaways
- Eastgate Care filed on a break-up basis following the sale of its homes, drawing a disclaimed audit opinion
- Operating profit at Liontrust Investment Partners dropped 38% as staff costs doubled against falling revenue
- Schweppes International grew turnover 8% to £366.7m, but margin pressure pulled operating profit down
Hiring signals · who grew, who shrank
Hiring
- Sports Tours International Limited 54 → 106 staff ▲ +96% staff cost +85%
- Enpro Subsea Limited 20 → 34 staff ▲ +70% staff cost +123%
Cutting
- Litho Supplies (Uk) Limited 28 → 21 staff ▼ −25% staff cost −19%
- Dwellworks Europe Limited 111 → 88 staff ▼ −21% staff cost −29% accounts on a break-up basis
Average headcount from the accounts filed yesterday — a look back at last year's payroll, not a live hiring tracker.
Filing of note
Eastgate Care Ltd
Operating as a subsidiary of Eastgate Care Group Ltd, the business provides residential, nursing, and dementia care services across a portfolio of care homes in Nottinghamshire and Derbyshire.
Auditor disclaimed an opinion.
| Line | FY25 | FY23 | YoY |
|---|---|---|---|
| Profit & loss | |||
| Turnover | £3m | £7m | ▼ −57% |
| Gross profit | £629k | £1.6m | ▼ −61% |
| Admin expenses | £1.2m | £1.8m | ▼ −36% |
| Operating profit | £524k | £202k | ▲ +159% |
| Finance costs | £553k | £300k | ▲ +84% |
| Profit before tax | £1m | £486k | ▲ +107% |
| Net profit | £1.3m | £131k | ▲ +900% |
| Cash & balance sheet | |||
| Net assets | −£541k | £772k | ▼ −170% |
| People & pay | |||
| Avg. headcount | 53 | 196 | ▼ −73% |
| Staff cost | £2.1m | £4.6m | ▼ −54% |
| Director pay | £13,644 | £9,096 | ▲ +50% |
A notable filing comes from this Nottinghamshire care home operator, whose accounts received a disclaimed audit opinion. The 548-day set was prepared on a break-up basis after the company sold its entire home portfolio and ceased trading in February 2024. Due to the extended 18-month reporting period, the headline figures cannot be meaningfully compared to the prior 365-day stretch.
Schweppes International Limited [1]
Schweppes International Limited is a soft drinks manufacturer and brand management entity that owns the Schweppes brand across multiple European territories, operating as a subsidiary of the Japanese beverage group Suntory.
Margin pressure
| Line | FY25 | FY24 | YoY |
|---|---|---|---|
| Profit & loss | |||
| Turnover | £366.7m | £338.1m | ▲ +8% |
| Gross profit | £210.4m | £203m | ▲ +4% |
| Admin expenses | £101.8m | £92.6m | ▲ +10% |
| Operating profit | £99.4m | £102.2m | ▼ −3% |
| Profit before tax | £99.7m | £104.1m | ▼ −4% |
| Net profit | £76m | £73.7m | ▲ +3% |
| Cash & balance sheet | |||
| Cash | £4.4m | £1.9m | ▲ +139% |
| Net assets | £75.7m | £34m | ▲ +123% |
| Dividends paid | £34.3m | £137.2m | ▼ −75% |
| People & pay | |||
| Staff cost | £15.8m | £15.5m | ▲ +2% |
| Director pay | £2.1m | £2.4m | ▼ −11% |
| Highest-paid director | £568k | £568k | ▲ −0% |
Turnover at the Suntory-owned soft drinks maker rose 8.4% to £366.7m. However, operating profit slipped slightly to £99.4m. The filing attributes the contraction to margin pressure and higher input costs, alongside a £9.2m rise in administrative expenses. The business remained cash generative, paying a £34.3m dividend.
Eui Limited [2]
Operating as the principal UK insurance intermediary for the listed Admiral Group plc, the company provides car, home, travel, and pet policies under well-known consumer brands including Admiral, Elephant, and More Than.
Profit jump
| Line | FY25 | FY24 | YoY |
|---|---|---|---|
| Profit & loss | |||
| Turnover | £357.2m | £352.8m | ▲ +1% |
| Gross profit | £256m | £271.3m | ▼ −6% |
| Admin expenses | £834.7m | £803.3m | ▲ +4% |
| Operating profit | £690.6m | £427.1m | ▲ +62% |
| Finance costs | £2m | £2.5m | ▼ −18% |
| Profit before tax | £702.5m | £439.4m | ▲ +60% |
| Net profit | £527m | £328.4m | ▲ +60% |
| Cash & balance sheet | |||
| Cash | £135m | £123.3m | ▲ +9% |
| Net assets | £771m | £588.6m | ▲ +31% |
| Dividends paid | £350m | £285m | ▲ +23% |
| People & pay | |||
| Avg. headcount | 11,773 | 11,191 | ▲ +5% |
| Staff cost | £498.4m | £432.1m | ▲ +15% |
| Director pay | £1.8m | £2.6m | ▼ −30% |
| Highest-paid director | £1.1m | £1.1m | ▼ −5% |
Admiral’s principal UK intermediary booked an operating profit of £690.6m, up 61.7%, on broadly flat turnover of £357.2m. The bottom line followed suit, with net profit rising to £526.9m. Headcount grew 5.2% to 11,773, while the total staff bill rose 15.4% to £498.4m. The intermediary paid £350m to its parent in dividends.
Angus Soft Fruits Limited [3]
Angus Soft Fruits Limited is an independent, family-owned Scottish agricultural business that breeds, sources, and supplies soft berries to UK and European grocery retailers.
Admin drag
| Line | FY26 | FY25 | YoY |
|---|---|---|---|
| Profit & loss | |||
| Turnover | £183.4m | £166.3m | ▲ +10% |
| Gross profit | £12m | £12.1m | ▼ −1% |
| Admin expenses | £9.7m | £8.8m | ▲ +10% |
| Operating profit | £2.5m | £3.3m | ▼ −25% |
| Finance costs | £468k | £792k | ▼ −41% |
| Profit before tax | £2.3m | £2.5m | ▼ −8% |
| Net profit | £2.1m | £1.8m | ▲ +15% |
| Cash & balance sheet | |||
| Cash | £893k | £2.5m | ▼ −65% |
| Net assets | £12.3m | £10.3m | ▲ +20% |
| People & pay | |||
| Avg. headcount | 212 | 214 | ▼ −1% |
| Staff cost | £12.4m | £11.1m | ▲ +12% |
| Director pay | £563k | £497k | ▲ +13% |
| Highest-paid director | £418k | £339k | ▲ +24% |
The Scottish berry supplier saw turnover pass £183.4m, a 10.3% gain. That top-line growth did not translate to the trading result, with operating profit falling 25.5% to £2.5m as administrative expenses expanded by nearly £1m. Headcount held steady at 212, though the total staff bill rose 12% to £12.4m.
Linx Printing Technologies Limited [4]
Operating as part of the Veralto Group, the company manufactures industrial coding and marking printers used for product traceability and packaging.
Tighter overheads
| Line | FY25 | FY24 | YoY |
|---|---|---|---|
| Profit & loss | |||
| Turnover | £104.2m | £102.8m | ▲ +1% |
| Gross profit | £59.4m | £57.5m | ▲ +3% |
| Admin expenses | £20.5m | £21.3m | ▼ −4% |
| Operating profit | £31m | £28.8m | ▲ +8% |
| Finance costs | £57,000 | £69,000 | ▼ −17% |
| Profit before tax | £32m | £30.5m | ▲ +5% |
| Net profit | £25.8m | £28.8m | ▼ −10% |
| Cash & balance sheet | |||
| Cash | £24m | £23.2m | ▲ +3% |
| Net assets | £49.5m | £45.9m | ▲ +8% |
| Dividends paid | £22.5m | £28m | ▼ −20% |
| People & pay | |||
| Avg. headcount | 281 | 265 | ▲ +6% |
| Staff cost | £21.1m | £19.2m | ▲ +10% |
| Director pay | £470k | £609k | ▼ −23% |
| Highest-paid director | £266k | £264k | ▲ +1% |
The industrial printer manufacturer recorded a 7.8% gain in operating profit on a broadly flat £104.2m turnover. The filing attributes the improvement to tighter overheads, with administrative expenses dropping by £807k. The business declared a £22.5m dividend during the period, while also seeing its average headcount grow to 281.
Liontrust Investment Partners Llp [5]
The partnership operates as an investment management subsidiary of the London Stock Exchange-listed fund management group Liontrust Asset Management PLC, providing portfolio management services to professional investors and intermediaries.
Costs outran sales
| Line | FY26 | FY25 | YoY |
|---|---|---|---|
| Profit & loss | |||
| Turnover | £100.3m | £122.9m | ▼ −18% |
| Gross profit | £98.2m | £121.1m | ▼ −19% |
| Admin expenses | £52.1m | £47m | ▲ +11% |
| Operating profit | £46.1m | £74.1m | ▼ −38% |
| Profit before tax | £46.3m | £74.2m | ▼ −38% |
| Net profit | £20.8m | £41.5m | ▼ −50% |
| Cash & balance sheet | |||
| Cash | £32.5m | £4.7m | ▲ +596% |
| Net assets | £48.5m | £42.6m | ▲ +14% |
| Dividends paid | −£40.5m | −£47.6m | ▲ +15% |
| People & pay | |||
| Staff cost | £20.1m | £10m | ▲ +101% |
A challenging year for the Liontrust management subsidiary, with turnover sliding 18.4% to £100.3m. The most significant shift occurred below the top line, as total staff costs doubled from £10.0m to £20.1m. Operating profit fell 37.8% to £46.1m as these two factors combined during the period.
A reminder that you can sell all the berries you want, but if the admin bill rises, you're just picking fruit for practice.
Sources
- Schweppes International Limited
- Eui Limited
- Angus Soft Fruits Limited
- Linx Printing Technologies Limited
- Liontrust Investment Partners Llp