PINE TOPCO LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-12-11 (in 7mo)
Last made up 2025-11-27
Watchouts
None on the register
Cash
£1M
+624.8% vs 2024
Net assets
-£11M
-20.2% lowest in 3 filed years
Employees
1,131
+0.2% vs 2024
Profit before tax
-£2M
+31.6% vs 2024
Net assets
6-year trend · vs Health Care median
Accounts
6-year trend · latest reflected 2025-03-31
| Metric | Trend | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £33,675,705 | £37,711,449 | |
| Operating profit | — | — | — | — | -£1,196,729 | -£222,319 | |
| Profit before tax | — | — | — | — | -£2,804,392 | -£1,917,797 | |
| Net profit | — | — | -£289,147 | — | -£3,077,897 | -£1,908,457 | |
| Cash | — | — | — | — | £178,432 | £1,293,187 | |
| Total assets less current liabilities | — | — | £3,609,027 | — | £6,717,712 | £6,442,217 | |
| Net assets | — | — | £180,200 | — | -£9,041,018 | -£10,871,775 | |
| Equity | £751,839 | £497,847 | £180,200 | -£141,276 | -£9,041,018 | -£10,871,775 | |
| Average employees | — | — | — | — | 1,129 | 1,131 | |
| Wages | — | — | — | — | £25,087,684 | £26,776,408 | |
| Directors' remuneration | — | — | — | — | £462,134 | £463,626 |
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
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
+12%
£33,675,705 £37,711,449
-
Cash
+624.8%
£178,432 £1,293,187
-
Net assets
-20.2%
-£9,041,018 -£10,871,775
lowest in 3 filed years
-
Employees
+0.2%
1,129 1,131
-
Operating profit
+81.4%
-£1,196,729 -£222,319
-
Profit before tax
+31.6%
-£2,804,392 -£1,917,797
-
Wages
+6.7%
£25,087,684 £26,776,408
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 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | -3.6% | -0.6% | |
| Net margin | — | — | — | — | -9.1% | -5.1% | |
| Return on capital employed | — | — | — | — | -17.8% | -3.5% | |
| Gearing (liabilities / total assets) | — | — | — | — | 180.2% | 199.7% | |
| Current ratio | — | — | — | — | 1.09x | 1.30x | |
| Interest cover | — | — | — | — | -0.74x | -0.13x |
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
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Menzies LLP Chartered Accountants & Statutory Auditor
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Having reviewed the forecast profits and projected cash flows of the business, the directors are confident that the Group will be able to meet its liabilities for the foreseeable future, being a period of at least 12 months from the date of signing of these financial statements. Consequently, the financial statements have been prepared on a going concern basis.”
Group structure
- PINE TOPCO LIMITED · parent
- Pine Midco Limited 100%
- Pine Bidco Limited 100%
- Aspirations Care Limited 100%
- Aspirations (Midlands) Limited 100%
- New Start Supported Housing 100%
- Maymask (183) Limited 100%
- Aspirations (SL) Ltd 100%
Significant events
- “Post year end, the bank borrowing terms have been extended until 2028, and loan notes were refinanced and are now due for repayment on 25th June 2030.”
- “The group has a number of new high acuity sites that are planned to be opened in the next 12-18 months which will significantly improve financial performance.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CAMERON, Christine Isabel | Director | 2019-06-20 | Jun 1972 | British |
| CUNNINGHAM, James Alan | Director | 2019-06-20 | Oct 1964 | British |
| MELVIN, Michael Christopher Gary | Director | 2024-05-30 | Aug 1974 | British |
| PUTTICK, Mark John | Director | 2019-06-20 | May 1984 | British |
| WILSON-KILGOUR, Julie | Director | 2019-06-20 | Jul 1977 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BRETT, Edward James Timothy | Director | 2018-11-28 | 2022-02-28 |
| BUTCHER, Craig Nicholas | Director | 2021-04-20 | 2024-04-05 |
| HUGHES, Sarah | Director | 2019-06-20 | 2023-04-20 |
| MCMULLAN, Steve | Director | 2019-05-01 | 2020-07-21 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Elysian Capital Ii Lp | Corporate entity | Shares 75–100%, Voting 75–100% | 2019-06-20 | Ceased 2019-06-20 |
| Elysian Capital Gp Ii Llp Acting As General Partner For And On Behalf Of Elysian Capital Ii Lp | Corporate entity | Shares 75–100%, Voting 75–100% | 2019-06-20 | Ceased 2019-06-20 |
| Elysian Capital Ii Lp | Corporate entity | Shares 75–100%, Voting 75–100% | 2019-06-20 | Active |
| Mr Edward James Timothy Brett | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-11-28 | Ceased 2019-06-20 |
Filing timeline
Last 20 of 64 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-06-01 RESOLUTIONS Resolution
- 2023-06-01 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-19 | AA | accounts | Accounts with accounts type group | |
| 2025-01-23 | AA | accounts | Accounts with accounts type group | |
| 2024-12-11 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-09-18 | SH03 | capital | Capital return purchase own shares | |
| 2024-09-17 | SH06 | capital | Capital cancellation shares | |
| 2024-07-18 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-08 | SH01 | capital | Capital allotment shares | |
| 2024-04-05 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-11-07 | AA | accounts | Accounts with accounts type group | |
| 2023-08-17 | SH03 | capital | Capital return purchase own shares | |
| 2023-08-14 | SH03 | capital | Capital return purchase own shares | |
| 2023-06-12 | SH06 | capital | Capital cancellation shares | |
| 2023-06-01 | RESOLUTIONS | resolution | Resolution | |
| 2023-06-01 | MA | incorporation | Memorandum articles | |
| 2023-05-11 | TM01 | officers | Termination director company with name termination date | |
| 2023-02-02 | SH06 | capital | Capital cancellation shares | |
| 2023-01-30 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2023-01-26 | SH03 | capital | Capital return purchase own shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 3
- Officers appointed
- 0
- 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.