CYGNET HEALTH UK LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-11-19 (in 6mo)
Last made up 2025-11-05
Watchouts
None on the register
Cash
£44M
-11.3% vs 2023
Net assets
£1B
+9.5% vs 2023
Employees
12,354
+6.8% vs 2023
Profit before tax
£52M
+1.6% vs 2023
Net assets
2-year trend · vs Health Care median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £610,515,000 | £680,615,000 | |
| Operating profit | £51,134,000 | £51,496,000 | |
| Profit before tax | £51,665,000 | £52,468,000 | |
| Net profit | £44,064,000 | £34,196,000 | |
| Cash | £49,572,000 | £43,962,000 | |
| Total assets less current liabilities | £1,209,848,000 | £1,341,857,000 | |
| Net assets | £1,063,715,000 | £1,164,621,000 | |
| Equity | £1,063,715,000 | £1,164,621,000 | |
| Average employees | 11,563 | 12,354 | |
| Wages | £352,533,000 | £415,659,000 | |
| Directors' remuneration | £2,562,000 | £2,222,000 |
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
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+11.5%
£610,515,000 £680,615,000
-
Cash
-11.3%
£49,572,000 £43,962,000
-
Net assets
+9.5%
£1,063,715,000 £1,164,621,000
-
Employees
+6.8%
11,563 12,354
-
Operating profit
+0.7%
£51,134,000 £51,496,000
-
Profit before tax
+1.6%
£51,665,000 £52,468,000
-
Wages
+17.9%
£352,533,000 £415,659,000
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 8.4% | 7.6% | |
| Net margin | 7.2% | 5.0% | |
| Return on capital employed | 4.2% | 3.8% | |
| Gearing (liabilities / total assets) | 18.2% | 20.5% | |
| Current ratio | 1.85x | 1.51x | |
| Interest cover | 210.43x | 224.87x |
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.
Name history
Renamed 2 times since incorporation
- CYGNET HEALTH UK LIMITED 2016-03-04 → present
- CYGNET 2008 LIMITED 2008-01-10 → 2016-03-04
- LAWGRA (NO.1461) LIMITED 2008-01-04 → 2008-01-10
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future. The Group has net assets of £1,165m (2023: £1,064m). The Company has net assets of £995m (2023: £962m).”
Group structure
- CYGNET HEALTH UK LIMITED · parent
- Cygnet Inter-Holdings Limited 100%
- Cygnet Health Properties Limited 100%
- Cygnet Health Developments Limited 100%
- Cygnet 2002 Limited 100%
- Cygnet Health Care Limited 100%
- Cygnet PropCo HoldCo II Limited 100%
- Cygnet PropCo II Limited 100%
- Cygnet PropCo HoldCo Ltd 100%
- Cygnet PropCo Limited 100%
- Cygnet Hospital Holdings Limited 100%
- Cygnet Surrey Limited 100%
- Cygnet NW Limited 100%
- Cygnet Aspirations Developments Limited 100%
- Cygnet Care Services Limited 100%
- Cygnet Behavioural Health Limited 100%
- Cygnet Learning Disabilities Midlands Limited 100%
- Isand Limited 100%
- Isand (Domiciliary Care) Limited 100%
- Cygnet Learning Disabilities Limited 100%
- CAS Aspirations Properties Limited 100%
- CAS St Paul's Limited 100%
- CAS Aspirations Properties V Limited 100%
- Short Ground Limited 100%
- Relativeto Limited 100%
- Caireach Limited 100%
- Cygnet Clifton Limited 100%
- CAS Healthcare Properties Limited 100%
- CAS Aspirations Properties Limited 100%
- CAS Aspirations Properties III Limited 100%
- Cygnet (OE) Limited 100%
- Cygnet (DH) Limited 100%
- Everycorner Limited 100%
Significant events
- “Generated an increase of £70.1m in Group revenue, primarily due to new sites from 2023 becoming fully operational.”
- “Cash was £5.6m lower than the prior year but this was after significant investment in capital expenditure of £64.8m (2023: £60.7m).”
- “The property valuation increased by £121.2m (2023: £57.1m). £55.0m of this increase is from sites that were being constructed in 2023 and that opened in 2024.”
- “Cygnet operated 3,085 beds in 2024 (2023: 2,983) spread through a portfolio of 148 sites (2023: 146).”
- “Employed an average of 9,896 (2023: 9,262) clinical and 2,458 (2023: 2,301) non-clinical staff.”
- “For the third year running, outperformed the national average in regulatory ratings; 80% (2023: 81%) of services rated either Good or Outstanding.”
- “Completed 39 solar installations by close of 2024; solar energy generated accounts for approximately one-fifth of electricity at those sites.”
- “Waste recycling and landfill reduction increased from 16% in 2019 to 41% in 2024.”
- “Recycled more than 12,785 litres of cooking oil into biodiesel and continued removal of black plastic from food supplies.”
- “A Legal and Litigation Committee was established in 2024 to help support the management of legal matters and risks.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 19 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BOWEN, Katie | Secretary | 2026-03-25 | — | — |
| GROUND, Mark George | Secretary | 2010-08-26 | — | British |
| DAY, Thomas Michael | Director | 2021-07-30 | Sep 1972 | American |
| GIBSON, Jennifer | Director | 2022-12-13 | May 1972 | British |
| GROUND, Mark George | Director | 2013-10-31 | Oct 1970 | British |
| ROMERO, Antonio, Dr | Director | 2017-10-24 | May 1971 | Spanish |
Show 19 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| WILSON, Kenneth Adrian Raymond | Secretary | 2008-01-23 | 2010-08-26 |
| LAWGRAM SECRETARIES LIMITED | Corporate Nominee Secretary | 2008-01-04 | 2008-01-23 |
| BROSNAN, Paul | Director | 2009-06-15 | 2012-03-01 |
| COLE, David John | Director | 2014-04-01 | 2016-10-25 |
| CORBETT, Gerald Thomas | Director | 2019-08-07 | 2021-07-19 |
| HARROD, Laurence | Director | 2016-09-28 | 2019-08-07 |
| HINDES, Mark Lewis William | Director | 2012-02-06 | 2013-06-30 |
| HUGHES, Craig Rungaldier | Director | 2008-02-21 | 2014-09-26 |
| HUGHES, John Craig | Director | 2008-01-23 | 2014-09-26 |
| KERRY, Julie | Director | 2016-01-28 | 2017-12-27 |
| MAGEE, Gerard Vincent | Director | 2010-11-25 | 2013-11-29 |
| MCELROY, Eamon Francis | Director | 2013-07-01 | 2013-11-29 |
| MCGARTOLL, Owen Raphael | Director | 2008-02-21 | 2008-10-16 |
| MCLEOD, Nicola Jane | Director | 2013-10-31 | 2018-10-05 |
| MCQUAID, Michael James | Director | 2017-12-27 | 2022-12-13 |
| O'DONNELL, Michael Kane | Director | 2013-05-07 | 2014-09-26 |
| PARSONS, Michael Dennis | Director | 2008-02-21 | 2010-09-09 |
| WILSON, Kenneth Adrian Raymond | Director | 2008-01-23 | 2014-09-26 |
| WHALE ROCK DIRECTORS LIMITED | Corporate Nominee Director | 2008-01-04 | 2008-01-23 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Uk Acquisitions No. 6 Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 154 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-10-04 MA Memorandum articles
- 2024-10-04 RESOLUTIONS Resolution
- 2024-02-03 MA Memorandum articles
- 2024-02-03 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-26 | AP03 | officers | Appoint person secretary company with name date | |
| 2026-01-05 | SH01 | capital | Capital allotment shares | |
| 2025-11-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-29 | CH01 | officers | Change person director company with change date | |
| 2025-10-29 | CH01 | officers | Change person director company with change date | |
| 2025-10-29 | CH01 | officers | Change person director company with change date | |
| 2025-09-29 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-08-07 | AA | accounts | Accounts with accounts type group | |
| 2025-05-21 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-04-30 | CH01 | officers | Change person director company with change date | |
| 2024-11-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-21 | AA | accounts | Accounts with accounts type group | |
| 2024-10-04 | MA | incorporation | Memorandum articles | |
| 2024-10-04 | RESOLUTIONS | resolution | Resolution | |
| 2024-02-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-02-07 | SH01 | capital | Capital allotment shares | |
| 2024-02-03 | MA | incorporation | Memorandum articles | |
| 2024-02-03 | RESOLUTIONS | resolution | Resolution | |
| 2023-10-06 | AA | accounts | Accounts with accounts type group | |
| 2023-02-08 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 1
- Officers appointed
- 1
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.