TASKMASTER RESOURCES LIMITED

• ⚠

  Annual accounts overdue

  Due 2026-03-31.

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.

1. TASKMASTER RESOURCES LIMITED 1999-09-30 → present
2. TASKMASTER (RIDINGS) LIMITED 1997-02-24 → 1999-09-30
3. TRACBELL LIMITED 1996-12-09 → 1997-02-24

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Saffery LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Following the acquisition of the company and its related group companies by NMI Bidco Limited in 2022, the company's results are included within a group subject to banking covenants. In forming their opinion on going concern, the directors have considered forecasts, both profit and cash flow, including key sensitivities for the coming 12 months in relation to those covenants. During the year, two of the covenants were breached relating to the EBITDA floor and EBITDA %. All other covenants, including the cash covenants, were met. The lender has raised no objections to the EBITDA breaches and continues to fund the company. In the forecast, the EBITDA covenants will continue to fail until April 2025, at which point the EBITDA will be above the threshold. All cash covenants will be met for the foreseeable future and accordingly, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”

Significant events

• “The industrial temporary labour market continues to exist in a period of spare capacity i.e. there is no longer a scarcity of labour which has resulted in wage inflation slowing.”
• “The company has continued to invest significantly in senior hires to expand on existing market sectors and explore new ones.”
• “The Directors considered that the company was light on experienced leadership within the recruitment sector. The Board immediately sought therefore to bring in key sales and operational personnel at leadership level to address this issue.”
• “During the year, two of the covenants were breached relating to the EBITDA floor and EBITDA %.”

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

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

2

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.