RAVENSBOURNE HEALTH SERVICES (HOLDINGS) LIMITED

• ⚠

  Material uncertainty over going concern

  In the short term, the directors acknowledge there is a risk that due to breaching its Service Failure Points under the Project Agreement during the year and continuing post year-end, the Group is at risk of termination of the Project Agreement and the Credit Agreement by the Authority and the lender respectively. While the directors do not expect either of these outcomes to occur, and communication is open with all parties as the directors work to get the project back to a steady state of operation, the risks that the Authority could terminate the Project Agreement or that the lender could terminate the Credit Agreement result in a material uncertainty that may cast significant doubt about the Group's ability to continue as a going concern.

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

• Turnover

  -6.4%

  £6,723,010 → £6,292,133

• Cash

  +9.3%

  £9,294,156 → £10,160,359

  highest in 3 filed years

• Net assets

  +24.5%

  -£10,834,347 → -£8,178,819

• Employees

  —

  Not reported

• Operating profit

  +11%

  £3,212,140 → £3,565,157

• Profit before tax

  +20.7%

  £2,413,308 → £2,912,010

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

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. RAVENSBOURNE HEALTH SERVICES (HOLDINGS) LIMITED 2004-04-27 → present
2. HACKREMCO (NO.2128) LIMITED 2004-03-02 → 2004-04-27

Accounting basis

FRS 102

Reporting scope

Consolidated group

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Johnston Carmichael LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“In the short term, the directors acknowledge there is a risk that due to breaching its Service Failure Points under the Project Agreement during the year and continuing post year-end, the Group is at risk of termination of the Project Agreement and the Credit Agreement by the Authority and the lender respectively. While the directors do not expect either of these outcomes to occur, and communication is open with all parties as the directors work to get the project back to a steady state of operation, the risks that the Authority could terminate the Project Agreement or that the lender could terminate the Credit Agreement result in a material uncertainty that may cast significant doubt about the Group's ability to continue as a going concern.”

Group structure

1. RAVENSBOURNE HEALTH SERVICES (HOLDINGS) LIMITED · parent
   1. Ravensbourne Health Services Limited 100% · UK · Private Finance Initiative Concessionaire for the Ravensbourne Health Services Hospital Project

Significant events

• “The Group breached the contractual threshold for Service Failure Points ("SFP") each month between November 2024 and March 2025, and post year-end up to the date of signing these financial statements. As a result of the Group breaching the SFP in April 2025, the Authority issued the first Warning Notice in May 2025, and subsequently each month since then.”

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

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

1

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.