PYRAMID SCHOOLS (PLYMOUTH) LIMITED

• ⚠

  Material uncertainty over going concern

  The Directors have prepared the financial statements on a going concern basis and acknowledge the EoD which gave rise to a material uncertainty and may have caused significant doubt over the Company's ability to continue as a going concern. Given that a formal waiver had not been agreed at the year end date, the Company may have been unable to realise its assets and discharge its liabilities in the normal course of business.

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

  +7.2%

  £4,581,000 → £4,909,000

• Cash

  +17.2%

  £3,928,000 → £4,602,000

  highest in 4 filed years

• Net assets

  +25.8%

  £1,979,000 → £2,490,000

  highest in 4 filed years

• Employees

  —

  Not reported

• Operating profit

  -51.2%

  £952,000 → £465,000

• Profit before tax

  -55.4%

  £878,000 → £392,000

  lowest in 4 filed years

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Johnston Carmichael LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Directors have prepared the financial statements on a going concern basis and acknowledge the EoD which gave rise to a material uncertainty and may have caused significant doubt over the Company's ability to continue as a going concern. Given that a formal waiver had not been agreed at the year end date, the Company may have been unable to realise its assets and discharge its liabilities in the normal course of business.”

Significant events

• “On 5 October 2023, Interserve Group Limited (IGL) appointed liquidators under a Creditors Voluntary Liquidation, triggering a technical default in the Loan Facilities Agreement and meaning the lender could recall senior debt.”
• “Subsequent to the year end, a replacement Parent Company Guarantee was agreed with Mitie and signed on 23 December 2025, waiving historic breaches and clearing the Event of Default.”

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

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

1

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.