SPRING NORTH LTD

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

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

  +22.1%

  £2,288,631 → £2,793,813

  highest in 4 filed years

• Cash

  +248.7%

  £158,231 → £551,768

  highest in 4 filed years

• Net assets

  -12.2%

  £786,652 → £690,955

• Employees

  +10%

  10 → 11

  highest in 4 filed years

• Wages

  +32.6%

  £288,634 → £382,607

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. SPRING NORTH LTD 2019-11-01 → present
2. FAMILIES HEALTH AND WELL-BEING CONSORTIUM 2011-10-04 → 2019-11-01

Accounting basis

FRS 102

Auditor

MHA

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Trustees have performed a going concern review and are satisfied the charity has sufficient funds brought forward to cover core salaries and overheads for at least the twelve-month period following approval of the accounts. Therefore, at the time of approval of the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for at least the twelve-month period following approval of the accounts. Thus, they continue to adopt the going concern basis of accounting in preparing the financial statements.”

Significant events

• “This has been a year of growth for Spring North in terms of our membership which is now at 198 independent VCFSE organisations, in terms of staffing - the team has grown to 9 members and in terms of commissioning where the organisation has managed 18 contracts and sub-contracted/awarded grants to 71 members.”
• “Our success rate in application of tenders to award has risen to 78% and we have greatly extended and maintain the diversity of funding sources including Local Authorities, DHSC, NHS, ICB, and LSCFT.”
• “During the year two redundancy payments were made to two employees for the amounts of £9,798 and £3,473.”

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

Filings

18

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

3

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.