FCC (EAST AYRSHIRE) 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

  +24.4%

  £5,696,891 → £7,086,580

  highest in 3 filed years

• Cash

  -95.9%

  £1,367,640 → £56,247

  lowest in 4 filed years

• Net assets

  +15%

  -£9,548,462 → -£8,117,213

  highest in 4 filed years

• Employees

  —

  Not reported

• Operating profit

  +34.7%

  £1,482,128 → £1,997,100

• Profit before tax

  +74.6%

  £707,199 → £1,234,786

  highest in 4 filed years

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.

Accounting basis

FRS 102 §1A

Reporting scope

Standalone (parent only)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on the going concern basis for the reasons set out in the Accounting Policies (note 1). The directors acknowledge that the Company is in net liabilities, however, this is a result of the interest rate and RPI swaps, which are significantly out of the money, being included on the Statement of Financial Position. It is not the Company's intention to close these instruments before their maturity date in 30 September 2037, therefore there is no impact on the Company's ability to meet its liabilities as they fall due. The Company prepares cash flow forecasts covering the expected life of the asset and so including the 12 month period from the date the financial statements are signed. In drawing up these forecasts, the directors have made assumptions based upon their view of the current and future economic conditions, that will prevail over the forecast period. Based on these forecasts the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future.”

Significant events

• “The principal activity of the company continued to be that of finance, operation and maintenance of four schools in the East Ayrshire Council under the Government's Public Private Partnership (PPP) programme. The contract is in year 19 of its term expiring 2038.”
• “Having considered the Company's operations, its contracted rights and obligations and forecast cash flows, there is not expected to be a significant impact upon the Company's opera:ional or financial performance arising from cimate change.”

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

Filings

2

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.