HIGHLANDS BIDCO 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

  +1.7%

  £36,291,351 → £36,911,203

• Cash

  +140.4%

  £773,987 → £1,860,601

• Net assets

  -24.3%

  -£28,189,762 → -£35,042,944

• Employees

  -0.7%

  139 → 138

• Operating profit

  +94.6%

  -£1,033,257 → -£55,322

• Profit before tax

  -3.6%

  -£6,571,890 → -£6,806,155

• Wages

  +7.2%

  £7,559,388 → £8,106,752

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

Reporting scope

Consolidated group

Auditor

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have assessed that the funds available and the actions and strategies available to them to mitigate business threats under stress testing of the banking covenants and the forecasts demonstrated that the Group could operate within its available funding. Therefore, as there is a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future, the directors have concluded this does not represent a material uncertainty with regards to going concern.”

Group structure

1. HIGHLANDS BIDCO LIMITED · parent
   1. Commsworld Holdings Limited 100% · UK · Holding company
   2. Commsworld Limited 100% · UK · Provision of connectivity, cloud, security and voice services
   3. Edinburgh Computer Services (Scotland) Limited 100% · UK · Dormant
   4. Fluency Communications Limited 100% · UK · Dormant

Significant events

• “In September 2023 the company completed a refinance which provided total available bank debt facilities of £31.5m, including a £2.5m revolving credit facility.”
• “During 2022 the above share options were terminated and replaced with an EMI scheme. A total of 24,622 share options were granted by Highlands Bidco Limited with 20,791 issued to certain employees. The options vest on certain changes of ownership events if the option holder is an employee. The options were granted in September 2022, are non-transferable and had an exercise price of £1. During the year there were 660 options forfeited and 4,254 options issued to employees, leaving 237 share options unallocated at 31 December 2024. No options were exercised in the year.”

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.