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REGISTERED NUMBER: 08584149 (England and Wales)















FALCK FIRE SERVICES UK LIMITED

STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






FALCK FIRE SERVICES UK LIMITED (REGISTERED NUMBER: 08584149)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Strategic Report 2

Report of the Directors 6

Report of the Independent Auditors 9

Statement of Comprehensive Income 11

Balance Sheet 12

Statement of Changes in Equity 13

Notes to the Financial Statements 14


FALCK FIRE SERVICES UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Robert Peasgood
Andreas Van Dongen
Elaine Ouldcott





SECRETARY: Elaine Ouldcott





REGISTERED OFFICE: Wilton International
Redcar
TS10 4RG





REGISTERED NUMBER: 08584149 (England and Wales)





INDEPENDENT AUDITORS: Duncan & Toplis Audit Limited, Statutory Auditor
3rd Floor
Marlborough House
298 Regents Park Road
Finchley
London
N3 2SZ

FALCK FIRE SERVICES UK LIMITED (REGISTERED NUMBER: 08584149)

STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024

The directors present their strategic report for the year ended 31 December 2024.

PRINCIPAL ACTIVITIES AND REVIEW OF THE BUSINESS
Falck Group is continuing on its trajectory to become a leading global provider of integrated healthcare services and has continued its progress of organic growth over the last year, becoming well advanced in its corporate strategy "Care for More '27" and now focusing on delivery. This includes sustained investment in digitalisation of both the Emergency Health and Safety and the Healthcare portfolio. For the Emergency Health and Safety business, which incorporates the Fire division, this digitalisation is targeted at improving transparency, efficiency and innovation - a continued core focus for the Group. The Fire division within the Group accounts for c10% of global revenues and remains one of the best performing divisions within the Group operationally.

Fire UK (The Company) has grown to be the largest of the Industrial Fire Service (IFS) clusters within Falck, following a clear strategy of targeted organic growth of core services, whilst retaining a concurrent interest in acquisitive growth of businesses in linked, adjacent services.

The Company's core services are two-fold: the provision of outsourced Fire Brigades to the high-risk industrial sector, and the provision of class-leading Fire Engineering consultancy services to industry and governments. Both areas of the business are growing in line with the strategic plan, are demonstrating continuous improvement to process and performance and a growing international reputation for professional and innovative solutions, particularly in the consulting services.

2024 saw a significant contract win at Eurotunnel in Kent, where the business is now providing teams of First Line of Response Operatives to work 24/7 in the tunnel and is the first time the provision has been outsourced. The business also remains optimistic for further contract wins, with a number of development opportunities being targeted during 2025.

Both the petrochemical and aviation portfolios continue to perform strongly, with aviation customers continuing to see increased passenger levels, almost to pre-Covid performance levels, driving an increase in service requirements for the future. The freeport site on Teesside has also resulted in new businesses setting up within the area, which should provide further opportunities in the petrochemical industry, both during construction and operation phases, as these businesses develop their plans.

The consultancy business continues to further expand its overseas operations, with a number of opportunities within the aviation sector being targeted and a number of smaller overseas projects being delivered in conjunction with the Falck Netherlands and Germany consultancy businesses.

Revenues were slightly reduced in 2024 (a reduction of 3.8% from 2023), following the termination of the loss-making North Tees contract at the beginning of the year. Fixed contract revenues were recovered during the year with the addition of the Eurotunnel contract, but short-term contracts remained lower due to the volumes previously contracted at North Tees.

Although pre-tax profits were slightly reduced, group reported EBITA saw an increase of 0.9% on 2023.

The company has therefore delivered a pre-tax profit of £951,686 (2023: £1,225,315), with a decrease to Net Assets of £408,581 (2023: £2,394,478) as a result of profit in the year and following a dividend payment to Group of £1.12m.


FALCK FIRE SERVICES UK LIMITED (REGISTERED NUMBER: 08584149)

STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024

KEY PERFORMANCE INDICATORS
The Company provides updated financial forecasts quarterly which look 6 quarters ahead and provide key financial metric projections alongside anticipated Free Cash Flow and Capital Expenditure. Monthly performance is then measured against these Rolling Forecasts.

The two core financial metrics used are Revenue and EBITA. Performance is reviewed monthly at Company level as well as at individual contract level to ensure projections are being met and to take actions where necessary.
The key financial metrics that were used for the period are:

1. Revenue: £24,879,159 (2023: £25,866,092) a decrease of £986,933 (3.8%) from the prior year.
2. EBITA (Earnings before Interest, Tax and Amortisation): £952,259 (2023: £1,171,432) a decrease of £219,173 (18.7%) from the previous year.

EBITA is reconciled to the UK GAAP measure of Profit attributable to the company as stated in the Profit and Loss account as follows:

2024 2023
£ £
EBITA 952,259 1,171,432
Finance costs (net) 573 (53,883)
Tax on profit on ordinary activities 179,364 147,792
Profit attributable to the company per the Profit and Loss Account 772,322 1,077,523

In addition to the financial metrics, there are a series of Operational KPIs which are measured, and focus on compliance, QHSE, service delivery, absence management and continuous improvement. These are compiled into a monthly report and reviewed both by the Board of Directors and the Executive Management Team, with the Senior Management Team reviewing site level reports. These reports are used to identify trends, provide narrative to evolve or develop the business and can be compared both domestically and internationally with sister companies in Falck's Industrial Fire Service footprint.


FALCK FIRE SERVICES UK LIMITED (REGISTERED NUMBER: 08584149)

STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024

PRINCIPAL RISKS AND UNCERTAINTIES
Risks are managed at both Group and Company level with a clear structure to how risk is assessed both qualitatively and quantitively and to how mitigations are recorded and assessed. Risks are identified by major department or theme and are mitigated through direct actions or through the application of revised policies and procedures.

Reputational and Operational risk

The Company is currently the largest provider of outsourced industrial emergency services in the UK petrochemical sector and the only provider of outsourced firefighting and rescue services in the commercial aviation sector in the UK. The market in the commercial aviation sector, a resurgent nuclear sector and an improving petrochemical sector, is expanding and reputation is critical, particularly in first generation outsourcing in high-risk industry.

Regulatory control is further increasing, driving higher compliance requirements and demanding greater
professionalisation of emergency response services on COMAH and other high risk industrial sites. Constant and consistent review of evolving regulation and adaption into practical delivery is therefore critical to our reputation and is an area where we have focused strongly. Our QHSE agenda is further focused into sustainability and Science Based Targets (SBTs), which are key areas both for the business and for our current and future customers.

In alignment with our compliance regime, our most critical assets in protection of our reputational and operational services, however, are our people and our equipment. We are meticulous about both initial and ongoing training standards, as well as continuing to evolve our development portfolios to ensure continuing career development. Highly trained personnel with the right equipment ensure that our delivery is set to deliberately achieve performance in excess of contractual requirements and this is reflected annually in the feedback we receive from customers on our KPIs. Targeting higher than contracted performance and continuously delivering against those targets is a key differentiator between ourselves and our competition.

Key resource risk

As highlighted above, at Falck we believe our people are the greatest asset we have, and we are committed to being an employer of choice. Career development, succession planning, development portfolios, employee engagement, and value talks form a vital part of our continuous commitment to people and culture.

In conjunction with the Group systems, we conduct an annual employee engagement survey to receive clear, anonymous feedback which we can use to plan how to further improve employee satisfaction, increase retention and ensure we are meeting the evolving needs of our workforce.

Climate Change

As a Group, Falck has further developed its sustainability strategy, recognising the requirement for innovation within operations while simultaneously reducing climate impact. This is supported with the continuation of the company's commitment to the UN Global Compact, reporting on Science Based Targets (SBTs), with a goal of achieving ambitious targets throughout the coming years and up to 2030.
The Group has also worked towards preparing Falck for the Corporate Sustainability Reporting Directive, which will apply to the business from 2025, by developing a reporting programme and performing a gap analysis, with a structured plan for 'gap-closing'. An Environmental Board has also been established, with a team dedicated to driving CO2 reduction initiatives. These key developments will feed into UK Fire Services and provide strategic direction to the business in its ESG targets and initiatives.

In the UK, Fire Services are fully committed to the Group strategy, and engaged the consultant initially employed in 2023 to again calculate our SBTs, enabling comparisons to the baseline data to be made, ensuring the ability to meet SECR requirements and providing the information required to enable key decisions and development of targets for reducing climate impact.

Key values calculated for 2024, the baseline year, are as follows:
2024 2023
Total CO2 emissions 190.32t 245.4t
Intensity ratio - tonnes per FTE: 0.50 0.62
Intensity ratio - tonnes per £M: 7.67 9.49

The reduction in total CO2 emissions is primarily due to the removal of the North Tees contract, which was operated with Falck owned vehicles and has therefore seen a significant reduction in transport fuel requirements throughout the year. Targets will be further developed throughout 2025, to ensure the focus on reducing our carbon footprint is retained, and in particular, the areas where the most significant impact can be made, focusing on consumption of utilities, waste management and emissions. Primary initiatives involve moving to use purely electric vehicles (EVs) where possible and the commitment to reduce single-passenger journeys.


FALCK FIRE SERVICES UK LIMITED (REGISTERED NUMBER: 08584149)

STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024

Future developments

The future outlook of the company remains strong, with a number of business development opportunities in the pipeline, including entry into new markets, which would provide further diversification within the business.
Further expansion is to be targeted in the aviation sector and with greater opportunity developing in the battery production and storage sector as this market increases nationally. The global headwinds from the Ukraine conflict continue to drive the energy security agenda and this is likely to continue for some considerable time yet. The conflict has also caused some considerable impact to our customer base in the petrochemical sector in particular as commodity and utility prices have risen sharply causing both upstream and downstream delays, including closure of some sites. This has been exacerbated by the US tariff proposals, with a number of businesses reluctant to commit to long term fixed contracts due to the uncertainty, and further threats to the sustainability of these businesses if the planned tariffs are implemented. Whilst this is assessed to be likely to continue to impact business, the effects can be mitigated, and the Directors are confident in the planning to address these items.
Creation of the freeport site on Teesside has resulted in a number of businesses looking to develop in the area, which will provide further opportunities for expansion of the petrochemical sector, and would go towards offsetting the impact of the closure of any impacted sites.

The company has developed a strong pipeline of future opportunities as a result of prior investment in business development capability and is able to scale rapidly to support both short and long-term expansion by customers as we have seen in our growing service provision to the transport infrastructure, which has been strengthened with the award of a Framework contract to continue the provision of these services.

The company has also further expanded the consultancy business and is increasing the international portfolio, with a number of aviation projects targeted, along with the continuation of projects in the Middle East being delivered in conjunction with our colleagues in the Netherlands.

Although inflation has reduced to more manageable levels, this remains a slight concern for the company as we are still seeing negative discrepancies between indexation rates and operating costs. However contingency plans and robust modelling are in place to ensure that resilience is strong and would be able to meet envisaged scenarios. As a result the Directors remain confident on the future of the business.

EVENTS AFTER THE BALANCE SHEET DATE
Following the 2024 reporting period, the company received the unfortunate news that following the sale of their business, a significant aviation customer had made the difficult decision to re-insource their Fire Service, resulting in a future loss of revenue from December 2025. The Directors are confident that the opportunities in the pipeline and the actions to address this loss will mitigate the financial impact and continue the positive forward projections.

The company also received notice from a significant customer on Teesside that due to plant closure, they would be terminating the contract from March 2026. This will be addressed with the other customers across the site to reach an agreed way forward to address this impact and again, is not a concern to the Directors.

ON BEHALF OF THE BOARD:





Robert Peasgood - Director


23 June 2025

FALCK FIRE SERVICES UK LIMITED (REGISTERED NUMBER: 08584149)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 DECEMBER 2024

The directors present their annual report on the affairs of the Company, together with the audited financial statements and auditor's report, for the year ended 31 December 2024.

Future developments and events after the balance sheet date
Details of future developments and events that have occurred after the balance sheet date can be found in the Strategic report on pages 2 - 5 and form part of this report by cross-reference.

Going concern
The Company meets its day to day working capital requirements through its own reserves and additionally through cash pooling within the Falck Group at one day's notice. The Company's forecasts and projections, taking account of reasonable possible changes in trading performance, show that the Company should be able to operate within the level of its current resources. The future impact of coronavirus on the Company is now considered by the Directors to have little materiality on the future of the business. Customer sectors are almost back to pre-pandemic levels and sickness absence rates on keyresources for service provision are no longer skewed by infection rates. However, the Directors have continued to assess the potential impacts on investment and working capital requirements should a similar event type occur and are confident that all probable outcomes would fall within acceptable thresholds both locally and within the wider Group. The impact of the Ukraine conflict has also been assessed and whilst there are some risks to the Company's petrochemical customer base, the diversification strategy that had been undertaken over the prior 4 years has led to amuch more stable operating base which limits the impact of concerns for any individual customer sector. As a result, the Directors therefore consider with all reasonable expectations that the Company has adequate liquidresources to support cashflow projections for the foreseeable future to support its rolling 18 month internal management projections and sufficient volume of growth opportunity in the pipeline to provide a positive outlook. On this basis they continue to adopt the going concern approach in preparation of annual financial statements.


Financial risk management objectives and policies
The Company's activities pose minor financial risks only as they are overall controlled by the financial operating policies and practices of Falck Danmark A/S, which are subject to regular, stringent internal audits to assure compliance.

Credit risk is minimised by following strict internal guidelines for the screening of new customers and suppliers before entering into business relationships with them, these may involve banking, credit and reference checks in addition to an array of other control measures.

As the majority of trading takes place within the UK there is no material currency risk identified.

Cash flow within the Company is reviewed regularly by the Directors and trade debtors are pursued in a timely manner to ensure aged debts are minimised and, where necessary, provisions are put in place for bad debt in alignment with Group finance policies.

There is no permitted use of financial derivatives within the company and any such practice is governed ultimately by the parent company. At no stage does the company use derivative financial instruments for speculative purposes.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of The principal activity of the company in the year under review was that of the provision of specialist outsourced fire brigades to high risk industries, as well as fire engineering consultancy services.

DIVIDENDS
A dividend of £0.36 per ordinary £1 share (total £1,120,000) was paid on 25th August 2024 in respect of this reporting period (2023: £3,472,000, £1.12 per share).

DIRECTORS
The directors of the company who were in office during the year and up to the date of signing the financial statements were:

Robert Peasgood
Elaine Ouldcott
Andreas Van Dongen


FALCK FIRE SERVICES UK LIMITED (REGISTERED NUMBER: 08584149)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 DECEMBER 2024

OUR COLLEAGUES
Our company is rightly proud to be an equal opportunities employer and is firmly also committed to being an employer of choice. All policies and their implementation are regularly reviewed, in particular relating to all recruitment, training, development and promotion to ensure that all colleagues are treated with dignity, respect and equality regardless of disability, race, religion, sexual orientation, age, gender, marital status or trade union affiliation. Decisions are based on merit alone and the Company is committed to adapting the work environment and working practices to assist all colleagues and future colleagues.

Communication and consultation with our colleagues has never been more important and in addition to the intranet, employee satisfaction surveys, newsletters, roadshows and regular visits, the Company also operates whistle-blower lines, employee assistance programmes and most recently working groups. This latter addition was implemented in 2022 as a direct result of the engagement survey and provides a further opportunity for colleagues to feedback important considerations for the management to assess and to ensure there is an ongoing discussion to further progress satisfaction within the Company. This has also led to an increase in the employee engagement score this year, which will be further built upon throughout 2024.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Annual Report and Financial Statements and the financial statements in accordance with applicable law and regulation.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have prepared the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", and applicable law).

Under company law, 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 the financial statements, the directors are required to:
- select suitable accounting policies and then apply them consistently;
- state whether applicable United Kingdom Accounting Standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements;
- make judgements and accounting estimates that are reasonable and prudent; 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 safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are also 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.

The directors are responsible for the maintenance and integrity of the company's website. Legislation in the United
Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other
jurisdictions.

Directors' confirmations
In the case of each director in office at the date the directors' report is approved:
- so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and
- they have taken all the 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.

FALCK FIRE SERVICES UK LIMITED (REGISTERED NUMBER: 08584149)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 DECEMBER 2024


STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

ON BEHALF OF THE BOARD:



Robert Peasgood - Director


23 June 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
FALCK FIRE SERVICES UK LIMITED (REGISTERED NUMBER: 08584149)

Opinion
We have audited the financial statements of Falck Fire Services UK Limited (the 'company') for the year ended 31 December 2024 which comprise the 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).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its profit for the year 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.

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 Auditors' responsibilities for the audit of the financial statements section of our report. 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. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' 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 financial statements are 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 in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors 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.

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 this gives rise to a material misstatement in the financial statements themselves. 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.

Opinions on other matters 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 the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
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 Report of the Directors.

We have nothing to report in respect of the following matters where 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; or
- the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Strategic Report.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
FALCK FIRE SERVICES UK LIMITED (REGISTERED NUMBER: 08584149)


Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page seven, 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 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.

Auditors' 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 a Report of the Auditors 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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

- Reviewing the financial statement disclosures and testing to supporting documentation to assess compliance provisions of relevant laws and regulations described as having a direct effect on the financial statements.
- Enquiring of management concerning actual and potential litigation and claims.
- Performing analytical procedures to identify any unusual or unexpected relationships that may indicate risk of material misstatement due to fraud.
- In addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

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 a Report of the Auditors 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.




Mr Hassan Behcet (Senior Statutory Auditor)
for and on behalf of Duncan & Toplis Audit Limited, Statutory Auditor
3rd Floor
Marlborough House
298 Regents Park Road
Finchley
London
N3 2SZ

25 June 2025

FALCK FIRE SERVICES UK LIMITED (REGISTERED NUMBER: 08584149)

STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2024

2024 2023
Notes £    £   

TURNOVER 3 24,879,159 25,866,092

Cost of sales 18,446,484 19,695,414
GROSS PROFIT 6,432,675 6,170,678

Administrative expenses 5,480,416 4,999,246
OPERATING PROFIT 952,259 1,171,432

Interest receivable and similar income 14,535 66,229
966,794 1,237,661

Interest payable and similar expenses 15,108 12,346
PROFIT BEFORE TAXATION 951,686 1,225,315

Tax on profit 7 240,267 147,792
PROFIT FOR THE FINANCIAL YEAR 711,419 1,077,523

OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME FOR THE YEAR 711,419 1,077,523

FALCK FIRE SERVICES UK LIMITED (REGISTERED NUMBER: 08584149)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 10 744,168 916,818

CURRENT ASSETS
Stocks 93,964 130,964
Debtors 11 5,660,801 7,594,453
Cash at bank and in hand 181,725 107,860
5,936,490 7,833,277
CREDITORS
Amounts falling due within one year 12 2,386,710 4,013,961
NET CURRENT ASSETS 3,549,780 3,819,316
TOTAL ASSETS LESS CURRENT LIABILITIES 4,293,948 4,736,134

PROVISIONS FOR LIABILITIES AND
CHARGES 130,325 163,930
NET ASSETS 4,163,623 4,572,204

CAPITAL AND RESERVES
Called up share capital 13 3,100,001 3,100,001
Retained earnings 1,063,622 1,472,203
SHAREHOLDERS' FUNDS 4,163,623 4,572,204

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 23 June 2025 and were signed on its behalf by:





Robert Peasgood - Director


FALCK FIRE SERVICES UK LIMITED (REGISTERED NUMBER: 08584149)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 January 2023 3,100,001 3,866,681 6,966,682

Changes in equity
Dividends - (3,472,001 ) (3,472,001 )
Total comprehensive income - 1,077,523 1,077,523
Balance at 31 December 2023 3,100,001 1,472,203 4,572,204

Changes in equity
Dividends - (1,120,000 ) (1,120,000 )
Total comprehensive income - 711,419 711,419
Balance at 31 December 2024 3,100,001 1,063,622 4,163,623

FALCK FIRE SERVICES UK LIMITED (REGISTERED NUMBER: 08584149)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements of Falck Fire Services UK Limited have been prepared in compliance with United Kingdom Accounting Standards, including Financial Reporting Standard 102, ‘The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland’ (‘FRS 102’) and the Companies Act 2006, as applicable companies using FRS 102.

Falck Fire Services UK Limited is a private limited company limited by shares incorporated in United Kingdom under the Companies Act 2006 and is registered in England and Wales (No 08584149). The address of the registered office is given on page 1. The nature of the Company's operations and its principal activities are set out in the strategic report on pages 2 - 5.

The functional currency of Falck Fire Services UK Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

Falck Fire Services UK Limited meets the definition of a qualifying entity under FRS 102 and has therefore taken advantage of the disclosure exemptions available to it in respect of its separate financial statements. Falck Fire Services UK Limited is consolidated in the financial statements of its ultimate parent, Falck Holding A/S, the financial statements may be obtained at Falck Holding A/S, Poititorvet 1, DK-1780 Copenhagen V, Denmark. Exemptions have been taken in these separate Company financial statements in relation to share-based payments, financial instruments, presentation of a cash flow statement and remuneration of key management personnel.

These policies have been consistently applied to all the years presented, unless otherwise stated.

There were no new standards, amendments or interpretations effective in the year.

Going Concern
The Company's principal activities, together with the factors likely to affect its future development, performance and position are set out in the strategic report. The directors' report further describes the financial risk management objectives and policies of the Company.

The Company meets its day to day working capital requirements through cash pooling within the Falck Group parent company.

The Company's forecasts and projections, taking account reasonably possible changes in trading performance, show that the Company should be able to operate within the level of its current resources up to eighteen months in advance. The company also has access to a cash pool arrangement which allows it to draw cash from group at one day's notice.

The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the next twelve months and the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

With the Company remaining in a strong cash position up to the end of April 2025, the time of this assessment, and with forecast cashflows incorporating and potential impairments, the directors have a reasonable expectation that the Company has adequate resources to continue operating profitably for the foreseeable future in line with both 18 month rolling forecasts for revenue, EBITA and cashflow aligned with its projected pipeline of further opportunities. Thus they continue to adopt the going concern basis in preparing the annual financial statements.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is as accurate as possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed of.


FALCK FIRE SERVICES UK LIMITED (REGISTERED NUMBER: 08584149)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024
There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

Turnover
Turnover represents net invoice sales of goods and services supplied, adjusted for movements in work in progress, and excluding value added tax.

Where services are provided over a period of time, revenue is represented by fixed annual contract values and is recognised monthly on a straight line basis.

Where services relate to seminars and other training (Ad Hoc services), revenue is recognised once the service has been provided to the customer.

Tangible fixed assets
Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life on a straight-line basis. The capitalisation policy threshold is £8,450 (Euro 10,000) for both Plant and Machinery and Office Equipment. Any amount below this threshold is expensed to the administrative expenses account in the Profit and loss account

Plant and machinery 5-20% on cost
Office Equipment 5-33% on cost
Motor vehicles 10% on cost

Stocks
Foam stock is stated at the lower of cost and net realisable value. The stock was determined on acquisition and we have not purchased any since that time, however due to the nature of the inventory we would use FIFO. Provisions are made for obsolete, slow-moving or defective items where appropriate.

Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss as described below.

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.


FALCK FIRE SERVICES UK LIMITED (REGISTERED NUMBER: 08584149)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

1. ACCOUNTING POLICIES - continued
Taxation
Current tax, including UK corporation tax and foreign tax, is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date. Timing differences are differences between the Company's taxable profits and its results as stated in the financial statements that arise from the inclusion of gains and losses in tax assessments in periods different from those in which they are recognised in the financial statements.

When the amount that can be deducted for tax for an asset that is recognised in a business combination is less (more) than the value at which it is recognised, a deferred tax liability (asset) is recognised for the additional tax that will be paid (avoided) in respect of that difference. Similarly, a deferred tax asset (liability) is recognised for the additional tax that will be avoided (paid) because of a difference between the value at which a liability is recognised and the amount that will be assessed for tax.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of the timing difference.
Current tax assets and liabilities are offset only when there is a legally enforceable right to set off the amounts and the Company intends either to settle on a net basis or to realise the asset and settle the liability simultaneously.

Deferred tax assets and liabilities are offset only if: a) the Company has a legally enforceable right to set off current tax assets against current tax liabilities; and b) the deferred tax assets and deferred tax liabilities relate to income taxes levied by the same taxation authority on either the same taxable entity or different taxable entities which intend either to settle current tax liabilities and assets on a net basis, or to realise the assets and settle the liabilities simultaneously, in each future period in which significant amounts of deferred tax liabilities or assets are expected to be settled or recovered.

Foreign currencies
Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are reported at the rates of exchange prevailing at that date. All foreign exchange differences are taken to the profit and loss account.

Leases
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Financial assets and financial liabilities are recognised when the Group becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Group after deducting all of its liabilities.

(i) Financial assets and liabilities

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the Group intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Debt instruments which meet the conditions of being 'basic' financial instruments as defined in FRS 102.11.9 are subsequently measured at amortised cost using the effective interest method.

FALCK FIRE SERVICES UK LIMITED (REGISTERED NUMBER: 08584149)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

1. ACCOUNTING POLICIES - continued

Employee benefits
For defined contribution schemes the amount charged to the profit and loss account in respect of pension costs and other retirement benefits is the contributions payable in the year. Differences between contributions payable in the year and contributions actually paid are shown as either accruals or prepayments in the balance sheet.

Impairment of assets
Non-financial assets
An asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

Where indicators exist for a decrease in impairment loss previously recognised for assets other than goodwill, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.


Financial assets
For financial assets carried at amortised cost, the amount of an impairment is the difference between the asset's carrying amount and the present value of estimated future cash flows, discounted at the financial asset's original effective interest rate.

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset's carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

2. CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATION UNCERTAINTY

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

a. Critical judgements in applying the Company's accounting policies
The directors do not consider there to be any critical judgements made in the process of applying the Company's accounting policies which could have a material impact on the results of the Company.

b. Key accounting estimates and assumptions
The group makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal and related actual results.

FALCK FIRE SERVICES UK LIMITED (REGISTERED NUMBER: 08584149)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

3. TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of the Company's turnover by class of business is set out below:

Turnover

20242023
£   £   

Fixed Contracts20,235,59720,313,796
Ad Hoc Services2,905,0133,784,855
Consultancy Income 1,738,5491,767,441
24,879,15925,866,092


99% of turnover is attributable to the UK market. An analysis of the Company's revenue is as follows:

20242023
£   £   
Rendering of Services22,391,242 25,607,431
22,391,242 25,607,431


4. EMPLOYEES AND DIRECTORS

Their aggregate remuneration comprised of:

2024 2023
£   £   
Wages and Salaries 15,762,00716,035,186
Social Security Costs1,646,8601,732,189
Other Pension Costs 1,075,420 1,345,403
18,484,28719,112,778

The average number of employees during the year was as follows:

20242023

Distribution 344 361
Sales 14 16
Administration 20 20
378 397

FALCK FIRE SERVICES UK LIMITED (REGISTERED NUMBER: 08584149)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

5. DIRECTORS' EMOLUMENTS

Directors' Remuneration

2024 2023
£    £   

Emoluments 280,309 274,003
Company contributions to defined pension schemes 22,799 21,690
303,108 295,693

2024 2023
The number of directors who:

Are members of a defined contribution pension scheme 2 2

6. AUDITORS' REMUNERATION

Fees payable to Duncan & Toplis Audit Limited for the audit of the company's annual financial statements were £28,000 (2023: £27,500), preparation of statutory accounts £6,000 (2023: £5,000)

FALCK FIRE SERVICES UK LIMITED (REGISTERED NUMBER: 08584149)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

7. TAXATION

The tax (credit)/charge comprises:

Current tax on profit on ordinary activities 20242023
£   £   

UK corporation tax270,468295,549
Foreign taxes3,40418,152
Adjustment in respect of prior year-(140,823)
Total current tax273,872172,878

Deferred tax
Origination and reversal of timing differences (33,605)(25,594)
Adjustment in respect of previous years-508
Total deferred tax charge/ (credit)(33,605)(25,086)
Total tax on profit on ordinary activities240,267147,792




20242023
£   £   

Profit on ordinary activities before tax 951,6861,225,315

Tax on profit on ordinary activities at standard UK
corporation tax rate of 25% (2023:23.52%)237,922288,201

Effects of:
Expenses not deductible for tax purposes 2,3452,421
Adjustments to tax charge in respect of previous years-(140,823)
Adjustments to tax charge in respect of previous years - Deferred tax-508
Tax rate changes -(1,515)
Total tax charge for the year240,267147,792



FALCK FIRE SERVICES UK LIMITED (REGISTERED NUMBER: 08584149)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

8. DEFERRED TAX

2024 2023
£ £

At 1 January 2023 163,930 189,016
charge/ (credit) to profit and loss account (33,605) (25,086)
Adjustment in respect of prior years - -
Deferred tax liability 130,325 163,930

Deferred tax is recognised as follows:

2024 2023
£ £

Accelerated capital allowances 130,325 163,930
Deferred tax liability 130,325 163,930


Deferred tax assets and liabilities are offset only where the Company has a legally enforceable right to do so and where the assets and liabilities relate to income taxes levied by the same taxation authority on the same taxable entity or another entity within the Company.

9. EMPLOYEE BENEFITS

The Company operates defined contribution retirement benefit scheme for all qualifying employees of its Falck Fire Services UK Limited division in UK. The total expense charged to profit or loss in the year ended 31 December 2024 was £1,081,420 (2023: £1,345,403)

10. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 January 2024
and 31 December 2024 2,418,411
DEPRECIATION
At 1 January 2024 1,501,593
Charge for year 172,650
At 31 December 2024 1,674,243
NET BOOK VALUE
At 31 December 2024 744,168
At 31 December 2023 916,818

Additions to Plant and Machinery in the year of £7,681 relate to assets under construction and have not been depreciated.

FALCK FIRE SERVICES UK LIMITED (REGISTERED NUMBER: 08584149)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,941,037 6,130,111
Amounts owed by group undertakings 151,001 153,776
Other debtors 2,568,763 1,310,566
5,660,801 7,594,453

Trade debtors are stated after provisions for impairment of £970 (2023: £970)

The intercompany interest rate is set at SONJA +0.05% per annum. The amounts are unsecured and repayable on demand.

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 202,516 594,581
Taxation and social security 1,205,869 1,338,006
Other creditors 978,325 2,081,374
2,386,710 4,013,961

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
3,100,001 Ordinary Shares £1 3,100,001 3,100,001

The Company has one class of ordinary shares which carry no right to fixed income.

The profit and loss reserve represent cumulative profits or losses net of dividends paid and other adjustments.

14. FINANCIAL COMMITMENTS

Total future minimum lease payments under non-cancellable operating leases for the Fire Station and HQ buildings and operational vehicles are as follows:

2024 2023
Land and Buildings Other Land and Buildings Other
£ £ £ £

Within one year 120,626 80,216 102,735 56,312
Between one and five years 431,542 33,065 410,941 59,491
After five years 1,004,248 - 1,078,720 -
1,556,416 113,281 1,592,396 115,803


FALCK FIRE SERVICES UK LIMITED (REGISTERED NUMBER: 08584149)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

15. CONTROLLING PARTY

At the balance sheet date, the Company was controlled by Falck Denmark A/S, its immediate parent undertaking.

Lundbeckfond Invest A/S (incorporated in Denmark) is regarded by the directors as being the company's ultimate controlling party.

The largest group in which the results of the company are consolidated is that headed by Falck A/S, which the directors regard as the ultimate parent company, a company incorporated in Denmark. The smallest group in which they are consolidated is that headed by Falck Denmark A/S Sydhavnsgade 18 2450 Copenhagen SV Denmark.

The consolidated financial statements of Falck A/S are available to the public and may be obtained from Falck A/S, The registered address of the entity is Sydhavnsgade 18, 2450 Copenhagen SV, Denmark.