SPECIALIST PASSENGER SOLUTIONS LIMITED

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

  +20.3%

  £40,125,000 → £48,255,000

• Cash

  —

  Not reported

• Net assets

  —

  Not reported

• Employees

  —

  Not reported

• Operating profit

  +28.1%

  £3,852,000 → £4,936,000

• Profit before tax

  +28.1%

  £3,852,000 → £4,936,000

• Wages

  +25.2%

  £18,792,000 → £23,522,000

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. SPECIALIST PASSENGER SOLUTIONS LIMITED 2023-06-22 → present
2. SOMERSET PASSENGER SOLUTIONS LTD 2016-01-14 → 2023-06-22
3. SOMERSET PASSENGER SOLUTIONS (NO.2) LIMITED 2015-10-16 → 2016-01-14

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Albert Goodman LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The accounts have been prepared on a going concern basis, which assumes that the company will continue in operation for a period of at least twelve months from the date of approval of the financial statements. Original forecasts for the 2025 year anticipated a growth in operating profit and these forecasts have been achieved post year end with a corresponding positive impact on cashflow. As such, the directors are of the opinion that it is appropriate to prepare the financial statements on a going concern basis.”

Significant events

• “The business carried 4.37 million passenger journeys during 2024 (this does not include passenger journeys on HPC internal network which are not counted and measured). This is an increase from 3.90 million passenger journeys in 2023. The main reason for this was growth in number of workers employed at HPC in line with forecast.”
• “The number of buses in the fleet is now 186 (2023: 162). Growth, the wider reach of the operating network of the business, coupled with a move towards a greater number of double deck vehicles compared to single deck coaches and single deck saloons meant a relatively modest increase in fleet compared with passengers carried.”
• “Our modern low emission fleet of buses, double decker's, coaches and minibuses save the equivalent of over 2.3 million car journey every year and our use of 100% electric pool cars saves approximately 1 tonne of CO2 emissions per year.”
• “Our in-house bus washing facility uses recycled water and saves approximately 400,000 litres of water annually.”
• “Our latest forecasts indicate that the business will experience considerable growth over the next two years so management focus is on staff recruitment and retention, operational procedures, technology applications and business processes to facilitate this growth.”

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.