SERS ENERGY SOLUTIONS (SCOTLAND) LIMITED

• ⚠

  Material uncertainty over going concern

  The financial statements have been prepared on a basis other than going concern. This is due to SERS Energy Solutions Group Limited and SERS Energy Solutions (Scotland) Limited having been subject to an asset purchase by Cardo Group after the year end. The companies will continue to operate solely to complete non-novated contracts, all of which are expected to be finalised by the end of 2025. Following completion, the companies will remain active until the defect periods on all contracts have expired and client-held retentions are released, typically within 12 to 18 months of completion. After this period, the group and subsidiary companies will be wound down and cease trading.

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

  +1.4%

  £13,003,999 → £13,183,136

• Cash

  +11.9%

  £3,483,956 → £3,898,655

• Net assets

  +7%

  £3,191,706 → £3,416,407

• Employees

  +5.6%

  18 → 19

• Operating profit

  -4.1%

  £2,351,123 → £2,255,231

• Profit before tax

  -3.7%

  £2,394,285 → £2,306,330

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. SERS ENERGY SOLUTIONS (SCOTLAND) LIMITED 2013-05-07 → present
2. SERS (SCOTLAND) LIMITED 2011-01-24 → 2013-05-07

Accounting basis

FRS 102 §1A

Reporting scope

Standalone (parent only)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Azets Audit Services

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The financial statements have been prepared on a basis other than going concern. This is due to SERS Energy Solutions Group Limited and SERS Energy Solutions (Scotland) Limited having been subject to an asset purchase by Cardo Group after the year end. The companies will continue to operate solely to complete non-novated contracts, all of which are expected to be finalised by the end of 2025. Following completion, the companies will remain active until the defect periods on all contracts have expired and client-held retentions are released, typically within 12 to 18 months of completion. After this period, the group and subsidiary companies will be wound down and cease trading.”

Significant events

• “With effect from 13 June 2025, SERS Energy Solutions Group Limited and SERS Energy Solutions (Scotland) Limited transferred and sold their activities, along with associated assets and liabilities, to Cardo Group. The remaining subsidiaries were not part of this transaction but will continue to operate solely to complete non-novated contracts as part of the wider group wind-down.”

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

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.