SAGE PEOPLE LIMITED

• ⚠

  Material uncertainty over going concern

  The Directors have robustly tested the going concern assumption in preparing the financial statements ensuring that the Company can continue to pay its liabilities as they fall due through a forecasted period of 12 months from the date of this report ("the going concern assessment period"). This included reviewing the Company's cash position, net current asset position and obligations under debt arrangements with other Sage Group companies. The Company made a profit for the year ended 30 September 2024 of £7,270,000 and at 30 September 2024 had net current liabilities of £25,889,000 including cash and cash equivalents of £432,000. Based on the above and having closely reviewed the current performance and forecasts, the Directors remain satisfied that the Company has adequate resources to continue its operations for a period of 12 months from the date of this report. However, given the high level of uncertainty a letter of support from the Company's ultimate parent, The Sage Group plc, has been provided for a period of 12 months from the date of this report, to enable the Company to meet its liabilities as and when they become due, as a means to provide the Directors with further confidence that the going concern basis of preparation is appropriate.

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

  +11.5%

  £28,147,000 → £31,384,000

• Cash

  -67.2%

  £1,316,000 → £432,000

• Net assets

  +24.3%

  -£30,518,000 → -£23,114,000

• Employees

  -22.5%

  129 → 100

• Operating profit

  +348.9%

  £1,835,000 → £8,237,000

• Profit before tax

  +1,158.6%

  £536,000 → £6,746,000

• Wages

  -18.4%

  £10,744,000 → £8,764,000

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. SAGE PEOPLE LIMITED 2017-06-06 → present
2. FAIRSAIL LIMITED 2007-04-20 → 2017-06-06

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Directors have robustly tested the going concern assumption in preparing the financial statements ensuring that the Company can continue to pay its liabilities as they fall due through a forecasted period of 12 months from the date of this report ("the going concern assessment period"). This included reviewing the Company's cash position, net current asset position and obligations under debt arrangements with other Sage Group companies. The Company made a profit for the year ended 30 September 2024 of £7,270,000 and at 30 September 2024 had net current liabilities of £25,889,000 including cash and cash equivalents of £432,000. Based on the above and having closely reviewed the current performance and forecasts, the Directors remain satisfied that the Company has adequate resources to continue its operations for a period of 12 months from the date of this report. However, given the high level of uncertainty a letter of support from the Company's ultimate parent, The Sage Group plc, has been provided for a period of 12 months from the date of this report, to enable the Company to meet its liabilities as and when they become due, as a means to provide the Directors with further confidence that the going concern basis of preparation is appropriate.”

Group structure

1. SAGE PEOPLE LIMITED · parent
   1. Sage People, Inc. 100% · US

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

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.