GETRONICS SERVICES UK LIMITED

• ◆

  4 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

  -1.9%

  £38,675,000 → £37,946,000

• Cash

  +733.3%

  £9,000 → £75,000

• Net assets

  -10.8%

  -£18,917,000 → -£20,969,000

• Employees

  -3.9%

  363 → 349

• Operating profit

  +78.4%

  -£2,132,000 → -£460,000

• Profit before tax

  +32.1%

  -£5,031,000 → -£3,415,000

• Wages

  +2.2%

  £11,867,000 → £12,134,000

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. GETRONICS SERVICES UK LIMITED 2012-05-03 → present
2. GTN SERVICES UK (LONDON) LIMITED 2012-02-27 → 2012-05-03

Accounting basis

IFRS

Reporting scope

Consolidated group

Auditor

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The ability of the Company to continue as a going concern is dependent on the support of its parent company and ultimate parent company. Whilst the Company has received a letter of support from its immediate parent company, which itself has received a letter of support from the ultimate parent company, such support letters are not legally binding. Whilst the directors of the Group and that of the parent company believe that the funding will be sufficient for the foreseeable future, should additional funding be required the ultimate parent company has confirmed that they will take all the necessary steps to provide (or procure that a third party provides) financing or other resources that may prove necessary for the parent company to meet its obligations and to maintain its operations, at least up to 31 December 2026.”

Group structure

1. GETRONICS SERVICES UK LIMITED · parent
   1. Getronics Cloud Solutions Limited 100% · England · IT services

Significant events

• “On 30 January 2024 Cheyne notified GGBV that it had obtained all the necessary Regulatory Approvals thereby meeting all conditions for the conversion of the D shares. Subsequent to the conversion Cheyne holds 100% of the economic interest and 99.9% of the voting rights attached to the issued share capital of GGBV. Cheyne also notified GGBV that they had obtained approval from their investment committee to provide 48.9 million of new capital and credit support to GGBV of which 25 million has already been funded in cash during February 2024 and a further 9.6 million was funded in April 2024 and when required with the additional up to 14.3 million being provided in the form of guarantees.”

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

Filings

13

last 12 months

Capital events

0

last 24 months

Officers appointed

0

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.