Registration number:
Central Alliance Pre Construction Services Ltd
for the Period from 3 April 2023 to 31 March 2024
Central Alliance Pre Construction Services Ltd
Contents
|
Company Information |
|
|
Strategic Report |
|
|
Directors' Report |
|
|
Statement of Directors' Responsibilities |
|
|
Independent Auditor's Report |
|
|
Profit and Loss Account |
|
|
Balance Sheet |
|
|
Statement of Changes in Equity |
|
|
Notes to the Financial Statements |
Central Alliance Pre Construction Services Ltd
Company Information
|
Directors |
A S Draper C Elms R J Pidcock A A Ryder G W Tuckwell C A White |
|
Company secretary |
S Evans |
|
Registered office |
|
|
Auditors |
|
Central Alliance Pre Construction Services Ltd
Strategic Report for the Period from 3 April 2023 to 31 March 2024
The directors present their strategic report for the period from 3 April 2023 to 31 March 2024.
Principal activity
The principal activity of the company is the provision of ground investigation via test drilling & boring services, geo-construction and cone penetration testing. The company provides Ground monitoring and movement detection to ensure safety on critical infrastructure as well as designing and implementing high-tech solutions for developing industries. (Largely for off-shore windfarms).
Fair review of the business
The company is recognised within the industry as a high-quality supplier of ground investigation services to the construction, defence, rail, utilities and transport sectors.
The company collaborates with customers from the very earliest phases of a construction project that all vary in scope, budget, schedule and complexity. It provides innovative pre-construction services, giving the breadth, depth and calibre of technical and organisational expertise that rank amongst the best in the industry.
The company delivers specialist pre-construction services to the defence and security sectors. Working within given operational constraints, the company's experts have developed systems and protocols to enable all aspects of the pre-construction process safely, securely and successfully.
The rail transport network is set to dramatically increase in importance over the next few years with the HS2 project and rail upgrades countrywide. The directors appreciate that in no other sector is experience more important than on the railways. The company has a history of working in rail environments, adept at managing the design process to ensure clients' needs and expectations are met.
The energy and utilities sector is seeing unprecedented change with massive investment needed to address supply security, demand for growth and climate change. The company’s experience spans the breadth of the energy and utilities sector and it supports clients with a full suite of pre-construction services.
The company delivers comprehensive services to the government and private sector clients with a genuine understanding of the transportation industry. The company is constantly developing more innovative, more sustainable, safer solutions for land, sea and air travel projects.
Results for the year
Turnover for the year was £13.9m (2023: £15.3m). Operating profit was £0.2m (2023: £0.4m). There was a significant winding down of contracts during the financial year which led to a reduction in both turnover and operating profit, leading up to a new contract period with Network Rail at the start of FY25.
Central Alliance Pre Construction Services Ltd
Strategic Report for the Period from 3 April 2023 to 31 March 2024
Key performance indicators
The directors monitor several Key Performance Indicators (KPIs) and debate the company performance relative to those KPI at board meetings and divisional meetings. KPIs include:
- Carbon Emissions;
- Training;
- Net Fee income;
- Accidents and Near Misses;
- Positive Interventions to improve safety performance;
- Customer Feedback - both praise and complaints;
- Staff Turnover;
- Utilisation of Staff;
- Gender Pay Gap;
- Cash at Bank; and
- Debtor and Creditor days.
The directors are pleased to report that performance of the company in respect of all KPIs monitored is satisfactory.
Corporate responsibility
RSK is a diverse group of environmental, engineering and technical services businesses, connected by a shared commitment to finding environmental and socially sustainable ways to fix challenging problems. In doing so, we have found commercial success while making a positive contribution to the world around us. The Company supports the wider group’s ambitions through its service delivery to clients and corporate responsibility and sustainability activities.
Sustainability in all that we do
RSK has recognised and championed the importance of environmental and social impact since its inception over 30 years ago, with “promoting the concept of sustainability in all that we do” being one of the group’s nine business principles.
As a fast-growing global business, RSK can play a part in tackling the environmental, economic, and social challenges faced around the world. Our work is aligned with the United Nations’ 17 Sustainable Development Goals (SDGs), a universal call to action to end poverty, protect the planet and ensure that all people enjoy peace and prosperity. It is not just about climate action, but it is also about providing affordable and clean energy, sustainable infrastructure, protecting life on land and below water, ending poverty and famine, and ensuring water supply and sanitation are available to all people.
Governments, businesses, organisations and individuals are embracing these goals, seeking the support from businesses, like those within RSK, to help them play their part. These fundamental drivers will have great impact on the RSK Group and the Company in the future, both on how we operate ourselves, but also how we support our clients.
Our holistic strategy
Our Sustainability Route Map integrates business and sustainability performance into a holistic strategy structured around five key pillars: safety, health and quality; our people and ethics; environment and communities; our clients and suppliers; financial and governance.
These five pillars provide the framework to align our business strategy to the SDGs and are key to our business’s success. To measure our progress, the Route Map sets out clear milestones each year which keep us moving towards our overarching goals.
Central Alliance Pre Construction Services Ltd
Strategic Report for the Period from 3 April 2023 to 31 March 2024
Key principles
The directors continue to run the business according to nine key principles:
- Hiring, retaining and rewarding talented and dedicated people;
- Building enduring client relationships;
- Encouraging continuous improvement and innovation;
- Promoting a learning culture in a positive work environment;
- Making strategic investments for sustainable growth;
- Committing to strong, predictable financial performance;
- Maintaining unwavering commitment to health and safety;
- Promoting the concept of sustainability in all that we do; and
- Encouraging staff consultation and clear communication.
Employees
The directors recognise that our people are the key to our success as an organisation, and we strive to engage with all our employees, making sure everyone is involved in the development of our business and is proud to be part of it.
Equal opportunities
The Company is committed to equality, diversity and inclusion which is core to our company culture. This is integral to the success of our business and supports our corporate responsibility and sustainability efforts. To help the Company fully embrace equality, diversity and inclusion, The Company has pledged the following:
- Champion equality, diversity and inclusion from the top of the organisation.
- Acknowledge and tackle unconscious bias.
- Communicate and educate about the importance of equality, diversity and inclusion at all levels of our business, making this part of our everyday conversations.
- Empower our workforce through the introduction of employee networks.
We believe in equal opportunities for all employees and applicants and oppose all forms of unlawful or unfair discrimination in relation to a protected characteristic. All employees and applicants, whether part time, full time or temporary, will be treated fairly and with respect.
The Company is committed to ensuring that every employee has a working environment that promotes dignity and respect, and where individual differences and contributions of employees are recognised and valued.
As directors it is also important to us that we look after the wellbeing of our employees, so we subscribe to the group’s wellbeing policy which is built on five interconnected wellbeing pillars: physical, mental, social, financial and environmental. This policy is delivered through a diverse calendar of activities aimed at engaging, educating and connecting employees.
Central Alliance Pre Construction Services Ltd
Strategic Report for the Period from 3 April 2023 to 31 March 2024
Principal risks and uncertainties
The directors are required to identify risks that might adversely affect the Company's business in the medium and long-term. The directors have considered the risks to the business and means to manage those risks. The primary risks, and means of risk management, are:
- Failure to maintain a sufficient employee resource at appropriate levels of seniority and experience. The directors recognise that having a sufficient resource to undertake projects is critical to the continued success of the company. To that end, we are committed to all the components of Investors In People and seek to be an employer of choice. We aim to hire the most talented of people; we communicate widely and openly to create a sense of community across the group; we provide learning and development opportunities; and we strive to empower every employee to meet their full potential. In this way we plan to look after our clients' needs in an exemplary fashion. The directors monitor people metrics, including retention statistics to identify any trends or issues.
- Termination of projects or failure to win work in our core markets. We strive to delight our clients and keep abreast of their requirements and expectations through regular communication, project reviews, client satisfaction surveys and wider market assessments. We want to work to the highest technical and health and safety standards and to these ends, we operate in accordance with ISO 9001, ISO 14001 and ISO 45001 and, where applicable, comply with the various specific industry codes of practice and standards.
- Financial risk management. The company's operations expose it to a variety of financial risks and these risks need to be considered throughout the lifetime of a project. The directors operate an internal review process so that tenders are reviewed before submission to a client. Risk of late payment by clients and bad debts could result in the company having insufficient cash to pay suppliers in a timely fashion. The directors have considered this and have adequate working capital facilities, allowing for late payments by clients and pressure from creditors for more prompt settlement of accounts. A primary strategy employed by the directors to minimise financial risk is one of diversity of operations as set out above with a mix of services, clients, projects and geographical spread of operations.
- Global economy. Rising inflation and the risk of recession present risk to all businesses. To mitigate this risk, we remain as diverse as possible, strengthening our offer in sectors which we consider most resilient. The Company is also very nimble, able to make decisions very quickly and pivot to different market sectors when required. We closely manage costs to remain competitive in the marketplace.
- Climate change. The directors have followed the Task Force on Climate-Related Financial Disclosures methodology to assess the potential risks to the business that climate change poses and identify mitigation measures. Climate change is likely to generate huge demand for our services, so although there may be some disruption to our supply chain, the more likely consequence of climate change is an increase in work for RSK as our clients assess the likely impact of climate change and then implement works to adapt to flood risk, sea level rise and more extreme weather events.
Central Alliance Pre Construction Services Ltd
Strategic Report for the Period from 3 April 2023 to 31 March 2024
Section 172(1) statement
The directors of the company must act in accordance with a set of general duties as detailed in section 172 of the UK Companies Act 2006. A director of a company must act in a way they
consider, in good faith, would be most likely to promote the success of the company for the benefits of its members, and in doing so have regard to:
- the likely consequences of any decision in the long term,
- the interests of the company's employees,
- the need to foster the company's business relationships with suppliers, customers and others,
- the impact of the company's operations on the community and the environment,
- the desirability of the company maintaining a reputation for high standards of business conduct,and
- the need to act fairly as between members of the RSK Group.
All directors are required to complete a directors' duty training module which provides them with an overview of the general duties and further support is provided by the RSK Group company
secretary.
As a large organisation the directors fulfil their duties through a governance framework that delegates day to day responsibilities to its employees with appropriate review and assurance processes in place.
The directors have regard to the likely consequences of any decision in the long term in all aspects of the business. The "Principal Risks and Uncertainties" section of the company's Strategic Report
sets out the company's approach to management of risks that might adversely affect the company's
business in the medium and long term.
The company is committed to being a responsible employer, our directors recognising that our people are the key to success. We strive to engage with all our employees, making sure everyone is
involved in the development of our business and feels pride in it. Please refer to "Our commitment to our people" section of the company's Strategic Report for more details.
The directors regularly review our business relationships, maintaining high levels of customer satisfaction and operating many long term partnership arrangements with key suppliers.
Our directors appreciate that the communities in which we operate are a key stakeholder and engagement with such communities is detailed in our Corporate Responsibility and Sustainability Route Map.
A reputation for high standards of business conduct is crucial to the business and its future success. This underpins everything we do and influences the decisions that the directors make.
Central Alliance Pre Construction Services Ltd
Strategic Report for the Period from 3 April 2023 to 31 March 2024
Key Events/Decisions
1. Diversification into the Clean energy sector with key work with Wind farm proposals and installations: Diversification will offer several key benefits for the Company including reduced risk that any one sector's poor performance will significantly impact the overall financial performance and exposure to new growth opportunities. Work with the Clean energy sector will also align with environmental strategy.
2. Investment in a significant number of new vehicles to support site based delivery and ensure efficient and effective delivery: Ongoing capital investment ensures the Company operates to a high standard to allow for the best services to be provided to clients, by maximising productivity and fuel efficiency.
Approved and authorised by the
|
......................................... |
Central Alliance Pre Construction Services Ltd
Directors' Report for the Period from 3 April 2023 to 31 March 2024
The directors present their report and the financial statements for the period from 3 April 2023 to 31 March 2024.
Directors of the company
The directors who held office during the period were as follows:
Dividends
Dividends of £20,000 were paid in the year (2023: £Nil).
Streamlined energy and carbon reporting
The environmental performance information of RSK Group Limited, the ultimate parent company of Central Alliance Pre Construction Services Ltd is presented in accordance with the Streamlined Energy and Carbon Reporting (“SECR”) Guidance (March 2019), as specified under the Companies Act 2006 (Strategic Report and Directors’ Report) Regulations 2013.Data is presented for a 12 month period, from 2nd April 2023 through to 31st March 2024. The scope of the reporting by RSK Group Limited includes Central Alliance Pre Construction Services Ltd. As permitted by the regulations above, Central Alliance Pre Construction Services Ltd has chosen not to include its Streamlined Energy and Carbon Reporting in the Directors Report for Central Alliance Pre Construction Services Ltd.
Going concern
The Directors have acknowledged the latest guidance on going concern from the Financial Reporting Council and considered various relevant matters noted here. The company participates in the Group’s centralised treasury arrangements and so shares banking arrangements with its subsidiaries. As at 31 March 2024 the funds comprised £1bn committed acquisition facility and the Group has a £50m revolving credit facility with NatWest bank. These facilities were extended from 2028 to 2030 in September 2024. In September 2024 the Group received £520m preferred equity investment from a consortium of investors. The Company is party to cross guarantee arrangements relating to a borrowing facility provided by Ares Management to RSK Group Limited. The amount borrowed under this agreement at 31 March 2024 is £1,060,136,000 (2023: £765,384,000). The directors have received a Letter of Support from the parent company. The directors have received a Letter of Support from the parent company.
The facilities will finance growth, both organic and acquisitive and associated working capital requirements.
After a thorough review, the Group’s consolidated business plan, forecasts and projections show that it is expected to operate within its facilities.
Central Alliance Pre Construction Services Ltd
Directors' Report for the Period from 3 April 2023 to 31 March 2024
The Group has established contracts and master service agreements with several customers across a wide range of sectors and markets and has a significant pipeline of committed work, tenders in progress and opportunities. The Directors believe that the Group will continue to manage its business risks successfully despite uncertain economic conditions in some business sectors and countries. The directors have received a Letter of Support from the parent company.
After making enquiries, the Directors have a reasonable expectation that the Company and the Group have adequate resources to continue to operate for the foreseeable future, being a period of at least twelve months after the date on which the report and financial statements are signed. Accordingly, they have continued to adopt a going concern basis in the preparation of the annual report and financial statements. The directors have received a Letter of Support from the parent company.
Disclosure of information to the auditors
Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditors are unaware.
Auditors
BDO LLP was appointed as auditor in the year, and will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
Approved and authorised by the
|
......................................... |
Central Alliance Pre Construction Services Ltd
Statement of Directors' Responsibilities
The directors acknowledge their responsibilities for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:
|
• |
select suitable accounting policies and apply them consistently; |
|
• |
make judgements and accounting estimates that are reasonable and prudent; |
|
• |
state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and |
|
• |
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Central Alliance Pre Construction Services Ltd
Independent Auditor's Report to the Members of Central Alliance Pre Construction Services Ltd
Opinion on the financial statements
In our opinion the financial statements:
• | give a true and fair view of the state of the Company's affairs as at 31 March 2024 and of its profit for the period then ended; |
• | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
• | have been prepared in accordance with the requirements of the Companies Act 2006. |
We have audited the financial statements of Central Alliance Pre Construction Services Limited (“the Company”) for the period ended 31 March 2024 which comprise Profit and Loss Account, Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Independence
We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements.
Conclusions relating to going concern
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.
Our responsibilities and the responsibilities of the Directors with respect to going concern are described in the relevant sections of this report.
Other information
The directors are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
Central Alliance Pre Construction Services Ltd
Independent Auditor's Report to the Members of Central Alliance Pre Construction Services Ltd
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinion on other matter prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
|
• |
the information given in the Strategic Report and Directors' Report for the financial period for which the financial statements are prepared is consistent with the financial statements; and |
|
• |
the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements. |
In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic report or
the Directors’ report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
|
• |
adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or |
|
• |
the financial statements are not in agreement with the accounting records and returns; or |
|
• |
certain disclosures of Directors’ remuneration specified by law are not made; or |
|
• |
we have not received all the information and explanations we require for our audit. |
Responsibilities of directors
As explained more fully in the Statement of Directors Responsibilities, the Directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair
view, and for such internal control as the Directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Central Alliance Pre Construction Services Ltd
Independent Auditor's Report to the Members of Central Alliance Pre Construction Services Ltd
Auditor Responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Extent to which the audit was capable of detecting irregularities, including fraud Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Non-compliance with laws and regulations
Based on:
|
• |
Our understanding of the Company and the industry in which it operates; |
|
• |
Discussion with management and those charged with governance; and |
|
• |
Obtaining and understanding of the Company’s policies and procedures regarding compliance with laws and regulations. |
We considered the significant laws and regulations to be the United Kingdom’s Generally Accepted Accounting Practice and UK tax legislation.
The Company is also subject to laws and regulations where the consequence of non-compliance could have a material effect on the amount or disclosures in the financial statements, for example through the imposition of fines or litigations. We identified such laws and regulations to be Companies Act 2006, General Data Protection Rules (GDPR), Anti-Bribery Act, Employment Law and Health & Safety legislation.
Our procedures in respect of the above included:
|
• |
Involvement of tax specialists in the audit; |
|
• |
Review of legal expenditure accounts to understand the nature of expenditure incurred; and |
|
• |
Review of financial statement disclosures and agreeing to supporting documentation. |
Fraud
We assessed the susceptibility of the financial statements to material misstatement, including fraud. Our risk assessment procedures included:
|
• |
Enquiry with management and those charged with governance regarding any known or suspected instances of fraud; |
|
• |
Obtaining an understanding of the company’s policies and procedures relating to: |
|
• |
Discussion amongst the engagement team as to how and where fraud might occur in the financial statements; |
Central Alliance Pre Construction Services Ltd
Independent Auditor's Report to the Members of Central Alliance Pre Construction Services Ltd
|
• |
Performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud; and |
Based on our risk assessment, we considered the areas most susceptible to fraud to be the posting of inappropriate journals, the estimation of the stage of completion of long term contracts in revenue at the year end and the recoverability of work in progress.
Our procedures in respect of the above included:
|
• |
Testing a sample of journal entries throughout the year, which met a defined risk criteria, by agreeing to supporting documentation; and |
|
• |
Testing the stage of completion for significant contracts open at the period end to ensure that revenue has been accurately reflected within this period’s financial statements; |
|
• |
Assessing significant estimates made by management for bias in assessment of the stage of completion for open contracts at the year end; and |
|
• |
Obtaining a sample of year-end external valuation certificates and testing the recoverability of WIP balances by checking post year-end certificates and cash receipts. |
We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members who were all deemed to have appropriate competence and capabilities and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.
Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it.
A further description of our responsibilities is available on the Financial Reporting Council’s website at:
https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
Use of our report
This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
Central Alliance Pre Construction Services Ltd
Independent Auditor's Report to the Members of Central Alliance Pre Construction Services Ltd
......................................
For and on behalf of
Manchester, UK
BDO LLP is a limited liability partnership registered in England and Wales (with registered number OC305127).
Central Alliance Pre Construction Services Ltd
Profit and Loss Account for the Period from 3 April 2023 to 31 March 2024
|
Note |
2024 |
(As restated) |
|
|
Turnover |
|
|
|
|
Cost of sales |
( |
( |
|
|
Net fee income |
|
|
|
|
Administrative expenses |
( |
( |
|
|
Other operating income |
|
|
|
|
Operating profit |
168,977 |
405,928 |
|
|
Interest payable and similar expenses |
( |
( |
|
|
Profit before tax |
|
|
|
|
Tax on profit |
( |
|
|
|
Profit for the financial period |
|
|
The above results were derived from continuing operations.
The company has no recognised gains or losses for the period other than the results above.
Central Alliance Pre Construction Services Ltd
(Registration number: 05769713)
Balance Sheet as at 31 March 2024
|
Note |
2024 |
2023 |
|
|
Fixed assets |
|||
|
Intangible assets |
|
- |
|
|
Tangible assets |
|
|
|
|
|
|
||
|
Current assets |
|||
|
Stocks |
|
|
|
|
Debtors |
|
|
|
|
Cash at bank and in hand |
|
|
|
|
|
|
||
|
Creditors: Amounts falling due within one year |
( |
( |
|
|
Net current liabilities |
( |
( |
|
|
Total assets less current liabilities |
|
|
|
|
Creditors: Amounts falling due after more than one year |
( |
( |
|
|
Net liabilities |
( |
( |
|
|
Capital and reserves |
|||
|
Called up share capital |
340 |
340 |
|
|
Retained earnings |
(279,259) |
(263,114) |
|
|
Shareholders' deficit |
(278,919) |
(262,774) |
Approved and authorised by the
|
......................................... |
Central Alliance Pre Construction Services Ltd
Statement of Changes in Equity for the Period from 3 April 2023 to 31 March 2024
|
Share capital |
Retained earnings |
Total |
|
|
At 4 April 2022 |
|
( |
( |
|
Profit for the period |
- |
|
|
|
At 2 April 2023 |
340 |
(263,114) |
(262,774) |
|
Share capital |
Retained earnings |
Total |
|
|
At 3 April 2023 |
|
( |
( |
|
Profit for the period |
- |
|
|
|
Dividends paid |
- |
( |
( |
|
At 31 March 2024 |
|
( |
( |
Central Alliance Pre Construction Services Ltd
Notes to the Financial Statements for the Period from 3 April 2023 to 31 March 2024
|
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
England
These financial statements were authorised for issue by the
|
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The financial statements are presented in sterling, which is the functional currency of the company.
The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
• the requirements of Section 4 Statement of Financial Position paragraph 4.12(a)(iv);
• the requirements of Section 7 Statement of Cash Flows;
• the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);
• the requirements of Section 11 Financial Instruments paragraphs 11.41(b), 11.41(c), 11.41(e),11.41(f), 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
• the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A; and
• the requirements of Section 33 Related Party Disclosures paragraph 33.7.
These accounts are consolidated into the accounts of RSK Group Ltd.
Central Alliance Pre Construction Services Ltd
Notes to the Financial Statements for the Period from 3 April 2023 to 31 March 2024
Going concern
The Directors have acknowledged the latest guidance on going concern from the Financial Reporting Council and considered various relevant matters noted here. The company participates in the Group’s centralised treasury arrangements and so shares banking arrangements with its subsidiaries. As at 31 March 2024 the funds comprised £1bn committed acquisition facility and the Group has a £50m revolving credit facility with NatWest bank. These facilities were extended from 2028 to 2030 in September 2024. In September 2024 the Group received £520m preferred equity investment from a consortium of investors. The Company is party to cross guarantee arrangements relating to a borrowing facility provided by Ares Management to RSK Group Limited. The amount borrowed under this agreement at 31 March 2024 is £1,060,136,000 (2023: £765,384,000). The directors have received a Letter of Support from the parent company.
The facilities will finance growth, both organic and acquisitive and associated working capital requirements.
After a thorough review, the Group’s consolidated business plan, forecasts and projections show that it is expected to operate within its facilities.
The Group has established contracts and master service agreements with several customers across a wide range of sectors and markets and has a significant pipeline of committed work, tenders in progress and opportunities. The Directors believe that the Group will continue to manage its business risks successfully despite uncertain economic conditions in some business sectors and countries. The directors have received a Letter of Support from the parent company.
After making enquiries, the Directors have a reasonable expectation that the Company and the Group have adequate resources to continue to operate for the foreseeable future, being a period of at least twelve months after the date on which the report and financial statements are signed. Accordingly, they have continued to adopt a going concern basis in the preparation of the annual report and financial statements.
Central Alliance Pre Construction Services Ltd
Notes to the Financial Statements for the Period from 3 April 2023 to 31 March 2024
Prior period errors
Historically, staff costs were fully allocated to administrative expenses. Following a review, it has been determined that apportioning staff costs between cost of sales and administrative expenses provides a more accurate reflection of the company’s performance.
Relating to the current period disclosed in these financial statements | Relating to the prior period disclosed in these financial statements | |
Cost of sales | 3,979,054 | 3,518,240 |
Administrative expenses | (3,979,054) | (3,518,240) |
In the prior year no disclosure was made in the financial statements of the geographical split of revenue. In 2023 £600,000 of revenue was not UK based. This has been reflected in Note 3. This disclosure had no affect on the underlying primary statements of the company.
Key sources of estimation uncertainty
The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have the greatest level of uncertainty are addressed below:
Revenue recognition and amounts recoverable on contracts: £1,197,212 (2023: £1,902,413)
The company’s revenue policies (set out in revenue recognition policy below) are fundamental to how the Group values the work it has carried out in each reporting period. Contracts are assessed on a contract by contract basis, and estimations are made regarding amounts not invoiced based on the stage of completion of the service. This amount is presented within accrued income.
Impairment of debtors. The trade debtors balance in these financial statements is £570,411 (2023: £1,175,817)
The company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment of trade and other debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience
Tangible fixed assets: £3,064,710 (2023: £3,018,560)
Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values..
Impairment of debtors. The trade debtors balance in these financial statements is £570,411 (2023: £1,175,817)
The company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment of trade and other debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience
Central Alliance Pre Construction Services Ltd
Notes to the Financial Statements for the Period from 3 April 2023 to 31 March 2024
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the Company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the company.
In respect of long-term contracts for on-going services, turnover represents the value of work done in the period, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of turnover can be measured reliably;
- it is probable that the company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.
Long-term contracts are assessed on a contract by contract basis and reflected in the profit and loss account by recording turnover and related costs as contract activity progresses. Turnover represents the value of work done in the period, including estimates of amounts not invoiced, and is recognised by reference to the stage of completion.
Foreign currency transactions and balances
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
Central Alliance Pre Construction Services Ltd
Notes to the Financial Statements for the Period from 3 April 2023 to 31 March 2024
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in the profit and loss account, except that a change attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
Current tax
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generate income.
Deferred tax
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
• The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
• Any deferred tax balances are reversed if and when all conditions for retaining associated tax balances have been met.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the different between the fair value of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
|
Asset class |
Depreciation method and rate |
|
Plant and machinery |
3-100% straight line |
|
Fixtures, fittings and equipment |
20% straight line |
|
Office equipment |
33-100% straight line |
|
Motor vehicles |
10-33% straight line |
Central Alliance Pre Construction Services Ltd
Notes to the Financial Statements for the Period from 3 April 2023 to 31 March 2024
Goodwill
Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Debtors
Short-term debtors are measured at transaction price, less any impairment.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.
Creditors
Creditors are recognised initially at fair value and subsequently measured at amortised cost using the effective interest rate method.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Central Alliance Pre Construction Services Ltd
Notes to the Financial Statements for the Period from 3 April 2023 to 31 March 2024
Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Central Alliance Pre Construction Services Ltd
Notes to the Financial Statements for the Period from 3 April 2023 to 31 March 2024
Financial instruments
Financial assets and liabilities are recognised in the company’s balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets
Basic financial assets, including trade and other receivables, loans receivable from other Group companies and cash and cash equivalents, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of future receipts discounted at the market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any provision for impairment.
Impairment of financial assets
At each reporting date the company assesses whether there is objective evidence that a financial asset is impaired. If such evidence exists, the company recognises an impairment loss which is measured as the difference between the carrying amount and the present value of the future cashflows, discounted at the original effective interest rate. Impairment losses are recognised in profit or loss.
Impairment losses are reversed if the reversal can be objectively related to an event occurring after the impairment was recognised. The reversal of the impairment will be recognised in profit or loss.
Financial liabilities
Basic financial liabilities, including trade and other payables, hire purchase contracts and loans payable to other Group companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future payments discounted at the market rate of interest.
Debt instruments are subsequently carried at amortised cost using the effective interest method.
Derecognition of financial instruments
A financial asset is derecognised when the contractual rights to the cash flows from the financial asset expire, or the company transfers the financial asset and substantially all the risks and rewards
of ownership have been transferred.
A financial liability is derecognised when the obligation specified in the contract is discharged, cancelled, or expires.
|
Turnover |
The analysis of the company's turnover for the period from continuing operations is as follows:
|
2024 |
2023 |
|
|
Rendering of services |
|
|
During the year the Company had turnover of £12,701,886 with the United Kingdom (2023: £14,700,829) and £1,178,238 with the rest of the world (2023: £600,000).
Central Alliance Pre Construction Services Ltd
Notes to the Financial Statements for the Period from 3 April 2023 to 31 March 2024
|
Other operating income |
The analysis of the company's other operating income for the period is as follows:
|
2024 |
2023 |
|
|
Research and development tax credits |
|
|
|
Operating profit |
Arrived at after charging/(crediting)
|
2024 |
2023 |
|
|
Depreciation expense |
|
|
|
Amortisation expense |
|
- |
|
Loss/(profit) on disposal of property, plant and equipment |
|
( |
|
Interest payable and similar expenses |
|
2024 |
2023 |
|
|
Interest on bank overdrafts and borrowings |
|
|
|
Interest on obligations under finance leases and hire purchase contracts |
|
|
|
|
|
Central Alliance Pre Construction Services Ltd
Notes to the Financial Statements for the Period from 3 April 2023 to 31 March 2024
|
Staff costs |
The aggregate payroll costs (including directors' remuneration) were as follows:
|
2024 |
2023 |
|
|
Wages and salaries |
|
|
|
Social security costs |
|
|
|
Pension costs, defined contribution scheme |
|
|
|
|
|
The average number of persons employed by the company (including directors) during the period, analysed by category was as follows:
|
2024 |
2023 |
|
|
Technical and professional |
|
|
|
Administration and support |
|
|
|
|
|
|
Directors' remuneration |
The directors' remuneration for the period was as follows:
|
2024 |
2023 |
|
|
Remuneration |
|
|
|
Contributions paid to money purchase schemes |
|
|
|
244,322 |
200,188 |
The remuneration in the table above relates to 2 directors (2023: 2) who are remunerated by the company. The other directors’ remuneration is borne by the company’s ultimate parent, RSK Group Limited. No direct recharge is made to the company for services provided, but an estimate of the cost of these directors’ time is incorporated into the management charge charged to the company from RSK Group Limited.
In respect of the highest paid director:
|
2024 |
2023 |
|
|
Remuneration |
|
|
|
Company contributions to money purchase pension schemes |
|
|
Central Alliance Pre Construction Services Ltd
Notes to the Financial Statements for the Period from 3 April 2023 to 31 March 2024
|
Taxation |
Tax charged/(credited) in the profit and loss account
|
2024 |
2023 |
|
|
Current taxation |
||
|
UK corporation tax |
|
( |
|
UK corporation tax adjustment to prior periods |
|
- |
|
106,658 |
(26,978) |
|
|
Deferred taxation |
||
|
Arising from changes in tax rates and laws |
- |
|
|
Arising from previously unrecognised tax loss, tax credit or temporary difference of prior periods |
- |
(296,410) |
|
Total deferred taxation |
- |
( |
|
Tax expense/(receipt) in the income statement |
|
( |
The tax on profit before tax for the period is higher than the standard rate of corporation tax in the UK (2023 - lower than the standard rate of corporation tax in the UK) of
The differences are reconciled below:
|
2024 |
2023 |
|
|
Profit before tax |
|
|
|
Corporation tax at standard rate |
|
|
|
Adjustment to prior year |
|
|
|
Decrease in current tax from unrecognised temporary difference from a prior period |
- |
( |
|
Expenses not deductible |
|
- |
|
Movements in unrecognised DT |
|
- |
|
Tax increase/(decrease) from effect of super deduction |
|
( |
|
Tax (decrease)/increase from effect of adjustment in research and development tax credit |
( |
|
|
Total tax charge/(credit) |
|
( |
The company has an unrecognised gross deferred tax asset of £3,005,000 in relation to tax losses. These have no expiry date.
The Company has a £438,292 net deferred tax asset pertaining to brought forward tax losses. The Company has a corresponding deferred tax liability of £438,292 relating to fixed asset timing differences. The two balances have been netted off within the statutory accounts.
Central Alliance Pre Construction Services Ltd
Notes to the Financial Statements for the Period from 3 April 2023 to 31 March 2024
|
Intangible assets |
|
Goodwill |
Total |
|
|
Cost or valuation |
||
|
Transfer from other group company |
|
|
|
At 31 March 2024 |
|
|
|
Amortisation |
||
|
Amortisation charge |
|
|
|
At 31 March 2024 |
|
|
|
Carrying amount |
||
|
At 31 March 2024 |
|
|
During the financial year a hive-up took place. The company's immediate parent Central Alliance (Holdings) Limited transferred a goodwill balance that it had held in it's subsidiary company, Electrokinetic Limited.
On 29 February 2024 Central Alliance (Holdings) Limited ceased to be the immediate parent of Central Alliance pre Construction Services Ltd.
|
Tangible assets |
|
Fixtures and fittings |
Plant and machinery |
Office equipment |
Motor vehicles |
Total |
|
|
Cost or valuation |
|||||
|
At 3 April 2023 |
|
|
|
|
|
|
Additions |
- |
|
|
|
|
|
Disposals |
( |
( |
( |
( |
( |
|
At 31 March 2024 |
|
|
|
|
|
|
Depreciation |
|||||
|
At 3 April 2023 |
|
|
|
|
|
|
Charge for the period |
|
|
|
|
|
|
Eliminated on disposal |
( |
|
( |
( |
( |
|
At 31 March 2024 |
|
|
|
|
|
|
Carrying amount |
|||||
|
At 31 March 2024 |
- |
|
|
|
|
|
At 2 April 2023 |
|
|
|
|
|
Central Alliance Pre Construction Services Ltd
Notes to the Financial Statements for the Period from 3 April 2023 to 31 March 2024
Assets held under finance leases and hire purchase contracts
The net carrying amount of tangible assets includes the following amounts in respect of assets held under finance leases and hire purchase contracts:
|
2024 |
2023 |
|
|
Plant and machinery |
633,449 |
695,713 |
|
Motor vehicles |
856,380 |
429,105 |
|
1,489,829 |
1,124,818 |
|
Stocks |
|
2024 |
2023 |
|
|
Consumables |
|
|
|
Debtors |
|
2024 |
2023 |
|
|
Trade debtors |
|
|
|
Amounts owed by group undertakings |
|
|
|
Other debtors |
|
- |
|
Social security and other taxes |
|
- |
|
Prepayments |
|
|
|
Accrued income |
|
|
|
Corporation tax receivable |
|
|
|
|
|
The corporation tax debtor includes £398,772 (2023: £169,000) relating to Research and Development Expenditure Credit.
Amounts owed by group undertakings are unsecured, interest-free, and repayable on demand. There are no fixed terms of repayment, and no provision for impairment has been recognised as the directors consider the amounts to be fully recoverable.
|
Cash and cash equivalents |
|
2024 |
2023 |
|
|
Cash at bank |
|
|
Central Alliance Pre Construction Services Ltd
Notes to the Financial Statements for the Period from 3 April 2023 to 31 March 2024
|
Creditors |
|
2024 |
2023 |
|
|
Due within one year |
||
|
Hire purchase contracts |
|
|
|
Trade creditors |
|
|
|
Amounts owed to group undertakings |
|
|
|
Social security and other taxes |
- |
|
|
Other payables |
- |
|
|
Accruals |
|
|
|
Group relief payable |
78,659 |
54,661 |
|
Deferred income |
|
- |
|
|
|
|
|
Due after one year |
||
|
Hire purchase contracts |
|
|
|
Amounts owed to group undertakings |
- |
|
|
676,149 |
1,653,628 |
|
Pension and other schemes |
Defined contribution pension scheme
The company operates a defined contribution pension scheme. The pension cost charge for the period represents contributions payable by the company to the scheme and amounted to £
Central Alliance Pre Construction Services Ltd
Notes to the Financial Statements for the Period from 3 April 2023 to 31 March 2024
|
Share capital |
Allotted, called up and fully paid shares
|
2024 |
2023 |
|||
|
No. |
£ |
No. |
£ |
|
|
|
|
340 |
|
340 |
|
Obligations under leases and hire purchase contracts |
Operating leases
The total of future minimum lease payments is as follows:
|
2024 |
2023 |
|
|
Not later than one year |
|
|
|
Later than one year and not later than five years |
|
|
|
|
|
The amount of non-cancellable operating lease payments recognised as an expense during the period was £
|
Contingent liabilities |
The company is party to cross guarantee arrangements relating to a borrowing facility provided by Ares Management to RSK Group Limited. The amount borrowed under this agreement at 31 March 2024 is £1,060,136,000 (2023: £765,384,000).
The company is also a guarantor of any trading and other obligations of any RSK Group member that may be a Junior Creditor in the related Subordination Deed.
|
Parent and ultimate parent undertaking |
On 29 February 2024 the entire share capital of the company was transferred from Central Alliance (Holdings) Limited to its parent company RSK Environment Limited.
The company's immediate parent is RSK Environment Limited, incorporated in Scotland.
The ultimate parent is RSK Group Limited, incorporated in England and Wales. These financial statements are available upon request from Companies House, Crown Way, Cardiff, CF14 3UZ.
|
Post-Balance Sheet Events |
On 1 July 2024 Central Alliance Pre Construction Services Ltd converted £4,000,000 of their loan with RSK Environment to equity through an allotment of shares.