GREENWICH SERVICE PLUS LIMITED
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Cash
£4M
-19.5% vs 2024
Net assets
£4.3M
-4.3% vs 2024
Employees
291
-4.6% lowest in 3 filed years
Profit before tax
£906K
+2,153.2% highest in 3 filed years
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-03-31
| Metric | Trend | 2020-03-31 | 2024-03-31 | 2025-03-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £30,936,611 | £24,439,405 | £24,881,586 | +1.8% | |
| Operating profit | -£385,611 | -£126,101 | £825,035 | +754.3% | |
| Profit before tax | -£369,828 | £40,213 | £906,078 | +2,153.2% | |
| Net profit | -£336,666 | -£7,762 | £809,090 | +10,523.7% | |
| Cash | £3,969,631 | £5,024,076 | £4,043,366 | -19.5% | |
| Total assets less current liabilities | — | £4,889,956 | £5,470,498 | +11.9% | |
| Net assets | — | £4,466,531 | £4,275,621 | -4.3% | |
| Equity | £2,663,655 | £4,466,531 | £4,275,621 | -4.3% | |
| Average employees | 779 | 305 | 291 | -4.6% | |
| Wages | £14,508,863 | £8,707,225 | £9,082,332 | +4.3% | |
| Directors' remuneration | — | £57,994 | £58,941 | +1.6% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|
| Operating margin | -1.2% | -0.5% | 3.3% | |
| Net margin | -1.1% | -0.0% | 3.3% | |
| Return on capital employed | — | -2.6% | 15.1% | |
| Gearing (liabilities / total assets) | — | 58.8% | 63.0% | |
| Current ratio | — | 1.76x | 1.70x | |
| Interest cover | — | -3.28x | 5.41x |
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.
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- McCabe Ford Williams
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.”
Significant events
- “Following a period of review taking account of the substantial progress and financial stability achieved by the company, the Cabinet of RBG on 24th July 2024 agreed to "the continuation of the Council's trading companies GS Plus Ltd and GSS Ltd beyond 31 March 2025, based on the existing delivery model and governed by a new 10-year Strategic Partnering Agreement".”
- “Accumulated resilience funds of £4.466m were brought forward from 2023/24. RBG submitted a request to GS Plus to repatriate £1m of these funds deemed as surplus to the company's own requirements, to offset the timing of RBG service-based efficiencies. Having considered the position, this request was approved by the Board at a special meeting on 19 March 2025 and the approved funds repatriated before 31 March 2025. Taking account of this and the surplus achieved for 2024/25, net of tax, results in carried forward resilience funds of £4.276m.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 11 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SANDHU, Sarabjit Kaur | Secretary | 2009-11-04 | — | — |
| BAKALOVIC, Mirsad | Director | 2018-10-01 | Jan 1975 | British |
| FLETCHER, Leo Sean | Director | 2025-09-16 | Jan 1962 | British |
| SCOTFORD, Kelly Teresa | Director | 2019-05-20 | Apr 1977 | British |
| STEPHENSON, Shaun Michael | Director | 2014-04-01 | Aug 1969 | British |
Show 11 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BROOKS, Peter John | Director | 2009-11-04 | 2018-05-23 |
| BURKE-MCDONALD, Clare Sorch Nancy | Director | 2024-07-02 | 2025-09-04 |
| COMBER, John Patrick | Director | 2016-12-13 | 2017-08-29 |
| COOKE, Isabelle Jo | Director | 2023-06-07 | 2024-07-02 |
| DILLON, Gary Phillip | Director | 2018-08-28 | 2022-05-24 |
| EVANS, Stephen John | Director | 2014-04-02 | 2018-03-08 |
| GIBBS, Kevin Michael | Director | 2018-01-02 | 2019-03-18 |
| KANDOLA, Gurmel Singh | Director | 2009-11-04 | 2018-01-31 |
| MERRILL, Sarah Jane | Director | 2022-05-25 | 2023-05-25 |
| NORWELL, Matthew | Director | 2016-05-16 | 2016-12-13 |
| TASKER, Ian | Director | 2017-08-29 | 2021-11-02 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| The Royal Borough Of Greenwich | Legal person | Significant influence | 2016-06-30 | Active |
Filing timeline
Last 20 of 84 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-16 | AA | accounts | Accounts with accounts type full | |
| 2025-12-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-16 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-16 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-08 | AA | accounts | Accounts with accounts type full | |
| 2024-07-05 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-05 | TM01 | officers | Termination director company with name termination date | |
| 2023-12-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-30 | AA | accounts | Accounts with accounts type full | |
| 2023-06-15 | AP01 | officers | Appoint person director company with name date | |
| 2023-06-09 | TM01 | officers | Termination director company with name termination date | |
| 2022-11-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-11-15 | AA | accounts | Accounts with accounts type full | |
| 2022-06-14 | AP01 | officers | Appoint person director company with name date | |
| 2022-06-07 | TM01 | officers | Termination director company with name termination date | |
| 2021-12-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-11-18 | AA | accounts | Accounts with accounts type full | |
| 2021-11-05 | TM01 | officers | Termination director company with name termination date | |
| 2020-12-09 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
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.