CORSERV FACILITIES 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

  -94.2%

  £22,824,359 → £1,321,348

• Cash

  +1,978.3%

  £4,861 → £101,026

• Net assets

  -3.2%

  £13,124,993 → £12,702,800

  lowest in 3 filed years

• Employees

  -98.7%

  450 → 6

  lowest in 3 filed years

• Operating profit

  +96.3%

  -£5,187,648 → -£192,428

• Profit before tax

  +90.1%

  -£5,545,253 → -£550,907

• Wages

  -99.8%

  £9,870,435 → £22,044

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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.

1. CORSERV FACILITIES LIMITED 2021-07-02 → present
2. CORSERV PROPERTY LIMITED 2019-10-15 → 2021-07-02

Accounting basis

FRS 102 §1A

Reporting scope

Standalone (parent only)

Auditor

Westcotts (SW) LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements for the year ended 31 March 2025 have been prepared on a going concern basis as the directors remain confident that the company will meet its working capital commitments until at least 31 March 2027. Cornwall Council have provided a letter of comfort confirming financial support will be provided as required for a period up to 31 March 2027. In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.”

Significant events

• “From April 2022 to February 2024, the Company took over a number of additional trading activities carried out by a fellow group entity, Corserv Solutions Limited (formerly Cormac Solutions Limited). These activities covered Facilities Management, Response and Repairs Maintenance on Residential Dwellings, Gas and Electrical Compliance on Residential Dwellings and Commerical Property, and Capital Asset Works. Following a group wide business restructure, these trading activities reverted back to Corserv Solutions Limited in February 2024.”
• “The Company will continue to refurbish and let all properties currently in its portfolio, with lettings being managed by our managing agent. Thereafter, all properties will be managed and maintained to provide ongoing short term accommodation for residents in Cornwall most in need.”
• “On 1st February 2024, operations were transferred out of the company to Corserv Solutions Limited.”

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

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

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.