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Registered number:
FOR THE YEAR ENDED 31 MAY 2025
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GIANT GROUP LIMITED (FORMERLY GIANT GROUP PLC)
COMPANY INFORMATION
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GIANT GROUP LIMITED (FORMERLY GIANT GROUP PLC)
CONTENTS
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GIANT GROUP LIMITED (FORMERLY GIANT GROUP PLC)
GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 31 MAY 2025
The directors present the strategic report for the year ended 31 May 2025.
During the financial year, the Group’s principal activity remained that of a holding company, while Giant Professional Limited’s principal activity continued to be that of employing contract workers.
Gross profit for the year was £7.9m (2024: £10.6m), with profit before taxation of £3.0m (2024: £6.0m).
The group operated in a challenging environment during the year. Despite this, we continued to invest in our proprietary platform and international capabilities. We continue to benefit from a resilient recurring revenue base while remaining alert to regulatory and market developments. Performance indicators for the financial year are as follows: 2025 2024 Turnover £790,229,428 £829,915,273 Gross Profit £7,952,532 £10,691,089
Profit before taxation £3,004,815 £6,056,791
EBITDA £960,061 £3,526,949
Average number of workers on assignment 7,744 8,153
*Earnings before interest, taxation, depreciation and amortisation
Service quality and performance met expected standards, with no major process deviations affecting operations. We remain committed to quality-focused technology, processes, and support services to deliver compliance-driven workforce solutions through our proprietary software and managed services. We maintain high standards in product quality, environmental awareness, and data security, supported by ISO 27001, ISO 9001, ISO 14001, and Cyber Essentials Plus certifications. We also remain fully GDPR compliant, with our October 2023 audit reaffirming strong data protection practices across operations. In addition, the Group achieved an EcoVadis score of 58, reflecting our commitment to monitoring and improving environmental and social impact.
The Group’s key KPIs remain margin, contractor employees, cash balances, and trade debtors. Growth continues through wider agency engagement and new contracts, supported by worker tenure, pay rates, effective margin management, overhead control, and customer-focused technology.
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GIANT GROUP LIMITED (FORMERLY GIANT GROUP PLC)
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
Our strategy is centred on delivering workforce management solutions through a single platform designed to support agencies, corporates, and workers both in the UK and overseas. We see opportunities to expand internationally and are carefully sequencing our growth to ensure compliance in each jurisdiction. In the UK, forthcoming umbrella legislation is expected to strengthen the position of compliant providers, creating a favourable environment for businesses such as ours. By combining the scale and client reach of Giant Group and Giant Precision, we believe our platform is well placed to deliver sustainable growth. The Group remains committed to staff development through training, certifications, and IT security awareness to uphold service quality and resilience.
Strategic investments, including IT upgrades and sales expansion, support the Group’s goal of enhancing automation, resilience, and multi-channel service. We also began reviewing accounting and business processes, focusing on AI and custom technologies to improve efficiency. Investment in our communities We also remain committed to responsible business practices, with a focus on ESG priorities including compliance, governance, and worker wellbeing. Through our Giant Giving initiative, we exceeded our two-year fundraising target in support of Great Ormond Street Hospital Children’s Charity. Vision of the future Our strategy across focuses on combining software solutions with services to help businesses manage their workforce effectively. We view potential umbrella industry regulation as a positive step for sector-wide compliance. To drive growth, we are exploring new markets, strengthening client relationships, and bundling multiple services to increase margins per client, while seeking new revenue opportunities for both existing and prospective customers. Going concern The Board reviews daily cash flow forecasts and has assessed financial projections for the 12 months from the signing date of these statements. Based on this, it is satisfied the Group has sufficient resources to operate and meet its liabilities as they fall due. Corporate social responsibility The Group holds ISO 14001 certification and has achieved a score of 58 on the EcoVadis sustainability scorecard, demonstrating its commitment to reducing environmental impact and providing assurance to management, employees, and stakeholders that progress is being monitored and continuously improved.
The Group adopts a structured, proactive risk management approach, holding regular cross-functional meetings to identify and address key risks. Evaluations consider internal and external factors, including PESTEL trends, competitor actions, and partnerships, using strategic frameworks to support continuous risk identification, assessment, and mitigation aligned with Group objectives.
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GIANT GROUP LIMITED (FORMERLY GIANT GROUP PLC)
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
Risk management Regulatory risk The Group operates in a highly specialised sector that is closely influenced by evolving regulation and legislation. Changes in employment law directly affect our operations, making it essential to remain proactive and well-informed. We work closely with a wide network of professional advisors to stay ahead of legal and compliance developments. With increasing scrutiny and the prospect of further regulation in the UK umbrella industry, risks such as stricter worker rights enforcement, tighter tax compliance, and enhanced reporting obligations may arise. As the agency and contractor market continues to grow, maintaining robust compliance frameworks and adapting swiftly to regulatory shifts remain central to our strategy. Price risk Operating in a competitive industry, the Group actively monitors market pricing and delivery models to maintain a responsive, sustainable strategy. The adoption of AI represents an opportunity to cut costs and offer competitive pricing. Cash flow and liquidity risk The Group maintains prudent liquidity management, ensuring operational cash reserves and strategic investment capacity. Timely, strategic investments have generated interest income, strengthening its financial position through efficient use of passive funds. The Group funds operations through retained earnings and cash, with treasury managing regulatory, liquidity, and credit risks. Cash flow forecasts, weekly to quarterly, are integrated into finance activities and shared with the Board for monitoring and decision-making. Credit risk To protect cash flows, the Group adopts a proactive credit risk approach, evaluating customer creditworthiness and setting limits at onboarding. Insurance is obtained where needed. The credit control team regularly reviews arrangements to ensure effectiveness and address emerging risks. Foreign currency risk The exchange risk for the group is relatively low, as it primarily trades in Pounds Sterling. Data protection and cybersecurity risk The Group enforces GDPR compliance through regular training and maintains ISO 27001 and Cyber Essentials Plus certifications. It has strengthened defences through penetration testing, infrastructure upgrades, and a security-first approach to protect sensitive data. Inflation risk UK economic uncertainty, especially inflation, poses a material risk. The Group is mitigating this by diversifying revenue, expanding its client base, and promoting bundled services to improve outcomes and margins.
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GIANT GROUP LIMITED (FORMERLY GIANT GROUP PLC)
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
1. Governance
Board oversight The Group Executive Board comprises the CEO, COO, CFO, and CTO, with input from the CEOs of Screening Limited and Finance+ plc, as well as the MD for Strategic Accounts and Global. Most headquarters staff work remotely, reducing energy use and climate impact. Acknowledging the importance of climate change, the Board has addressed it in meetings and will embed climate strategy discussions in future sessions, covering corporate responsibility, climate risks, sustainability, and HSSE matters. The aim is to instil a risk-based culture across the Group, ensuring climate-related risks and opportunities are fully integrated into the risk management framework. Given the Group’s low climate risk profile, full integration is targeted for completion by the end of the next financial year. The Board regularly reviews key business risks and actions to minimise inherent exposure. Key factors include:
∙Travel requirements and office use.
∙Supplier policies and appetite.
∙Equipment choice (climate as well as suitability)
∙Client expectations on compliance and commitments.
The Board ensures disclosures comply with the Climate-related Financial Disclosure Regulation 2022, overseeing the identification, assessment, and communication of climate-related risks and opportunities. Currently, the Group has not formed a dedicated body for climate risk management, as total energy use is under 40,000 kWh per year, qualifying for SECR reporting exemption. Based on this, climate-related risk is considered low. However, recognising the rising importance of environmental reporting, the Board is committed to strengthening our ESG focus. In 2025, we have established an ESG Focus Group to:
∙Identify and manage climate-related risks and opportunities, embedding sustainability in strategic planning.
∙Provide regular updates to the Board and management on climate-related risks, opportunities, and developments.
Management's role Senior management is responsible for assessing and managing climate-related risks and opportunities in line with the risk strategy set by the Board. They ensure appropriate measures are in place to identify, monitor, control, and report risks within Board-defined parameters. This responsibility is embedded in the strategic planning process.
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GIANT GROUP LIMITED (FORMERLY GIANT GROUP PLC)
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
Non-financial and sustainability information statement (continued)
Risk management Currently, the Group is not exposed to significant climate-related risks or opportunities. However, recognising the fast-evolving nature of this area, we have established an independent climate risk register. This register helps identify threats that could affect financial performance, operations, reputation, or strategic objectives, and supports the assessment of their significance and the recommendation of remedial measures. It includes both immediate and emerging risks from technological change, legislation, and sociocultural shifts, ensuring the Board and senior management remain prepared and focused. As part of our ongoing risk management, we also monitor potential greenhouse gas emissions from operations, including supply chains and IT usage. While these emissions are currently minimal, we remain committed to corrective measures to keep them at acceptable levels. 2. Strategy Description of climate-related risks and opportunities Given the Group’s low energy use—largely due to most staff working from home—and the absence of a mandatory carbon reporting requirement, the risk from climate change is considered relatively low and not identified as a principal risk. Our ISO 14001-certified Quality and Environmental Policy underpins this approach. Operations are almost fully paperless, and we promote efficient resource use by reducing waste, recycling, and applying other environmentally friendly practices. We also prioritise IT equipment upgrades and workplace energy efficiency initiatives. This policy aligns with the Group’s purpose and context, supporting both customer regulatory requirements and our commitment to continuous improvement. It provides a framework for setting and aligning Quality and Environmental objectives across all functions. As we finalise our risk register, each risk will be evaluated by likelihood, impact, and mitigation strategies, with annual reviews to ensure relevance and completeness. The Group also aims to incorporate climate scenario analysis by the end of the next financial year. 3. Metrics and targets Key metrics As a purely service-oriented business, and with many headquarters employees now working remotely since vacating our main office on May 25 of the prior fiscal year, the Group has consumed under 40,000 kWh of energy. This operating model is expected to continue, and the board believes climate-related risk will remain low, so it is not included among principal risks and no specific key metrics or targets have been set. Giant Group currently applies simple metrics that we plan to expand next year:
∙High proportion of employees working from home (lower travel and office costs)
∙IT procurement considering environmental efficiency factors
∙Supplier reports on data centre energy use and reduction plans
We track relevant metrics, including carbon emissions and energy consumption, and report to senior management.
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GIANT GROUP LIMITED (FORMERLY GIANT GROUP PLC)
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
Environmental, social, and governance (ESG) report ESG remains central to Giant Group’s strategy, reflecting our commitment to ethical, responsible, and transparent operations. We monitor evolving global regulations to ensure continued compliance and leadership. Our ESG priorities are integrated into daily operations, culture, and decisions, evolving with stakeholder expectations and global sustainability goals.
Carbon neutral plan
At Giant, we recognise the impact of climate change and the significance of reducing our carbon emissions. As part of our environmental commitment, we monitor and manage our carbon footprint. Baseline year: 1st June 2024 - 31st May 2025
Carbon neutral plan
We aim for net zero emissions by 2050. While emissions may fluctuate with growth and improved reporting, our long-term target remains a 100% CO2 reduction. Current actions include:
∙Supporting hybrid/remote work to cut commuting emissions.
∙Upgrading to energy-efficient devices and optimised servers.
∙Minimising business travel, favouring public transport.
∙Prioritising eco-conscious suppliers in procurement
Climate change
We promote environmental responsibility through employee training, updates, and resources. Finance leaders are encouraged to pursue sustainability qualifications, while legal and compliance teams lead ESG-focused webinars on emerging regulations. Social Disabled employees Giant Group is proud to be a Disability Confident Employer, committed to a workplace where individuals with disabilities have equal access to opportunities. We regularly review our processes to remove barriers, and managers are trained to support staff needs. If an employee becomes disabled, we provide reasonable adjustments and training to ensure continued employment. Diversity, equity, inclusion and belongings Our DEIB strategy is embedded across operations and guided by insights from our DEIB survey. We continue to support underrepresented groups, including veterans as an Armed Forces Covenant partner, and run bias-aware recruitment with bi-annual DEIB training. Our workforce reflects strong gender, ethnic, and socio-economic diversity, with most employees representing younger generations. Looking ahead, we aim to strengthen data practices, launch Employee Resource Groups (ERGs), and celebrate cultural awareness through events and storytelling to build a more inclusive workplace.
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GIANT GROUP LIMITED (FORMERLY GIANT GROUP PLC)
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
Modern Slavery and Human Rights
The Group is committed to ensuring that modern slavery, forced labour, and human trafficking have no place in its operations or supply chains. We actively promote ethical sourcing, require our suppliers to adhere to responsible labour practices, and continue to assess and mitigate risks in this area. This commitment aligns with the UK Modern Slavery Act 2015 and reflects our broader ESG objectives of safeguarding human dignity and promoting fair, transparent business practices.
Health & safety and employee wellbeing program
Giant Group is committed to a safe, healthy, and supportive workplace. We offer a confidential support helpline for issues like anxiety and financial concerns, and our Employee Assistance Program (EAP) provides 24/7 counselling and advice. Mental wellbeing is promoted through a formal policy, trained Mental Health First Aiders, and alignment with the 'Mental Health at Work Commitment.' Employees can also buy additional holidays to support work-life balance, and HQ staff receive bi-annual refresher training on climate awareness, information security, and DEIB.
Employee consultation/involvement
At Giant Group, we believe employee involvement is key to building a high-performing, future-focused organisation. We keep staff informed and engaged through regular team meetings, intranet updates, structured feedback tools, and open communication. Our ISO9001 Quality Management certification underpins a culture of accountability and continuous improvement, supported by operational training, department-level targets, bi-annual appraisals, and clear channels for employee feedback. Recent investments in employee experience reflect our shift toward EU-based payroll services and digital transformation. We regularly upskill staff through IT security training and targeted learning. Professional development is encouraged through in-house and external training, with reimbursements for role-relevant certifications. We also prioritise wellbeing and morale through flexible work options, bi-annual engagement surveys, clear role definitions, and a culture of collaboration and open-door management.
We further ensure that our employees are satisfied with their jobs. There are several ways to achieve that, including:
Giving back to the community (charitable donations)
∙Giant Giving is our flagship initiative supporting Great Ormond Street Hospital. We’re committed to raising both funds and awareness having raised over £50,000 between June 2023 and May 2025. This was achieved through active employee participation in fundraising activities, such as charity walks and hikes, alongside group-matched donations.
∙Our Pakistan office also supports primary education for underprivileged children, fostering a learning-first mindset in underserved communities and reinforcing our ESG goals.
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GIANT GROUP LIMITED (FORMERLY GIANT GROUP PLC)
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
Giant's culture
At Giant Group, attracting and retaining the right talent starts with the culture set by our leadership. By acting with integrity and embodying our values, they shape behaviour across the organisation. Our culture is reinforced throughout the employee journey, from recruitment to performance reviews, ensuring our values guide decision-making and conduct. Always Honest and Humble We value truth, integrity, and respect, staying open to learning and every contribution. Always Doing the Right Thing We act ethically, take accountability, and uphold fairness, even when no one is watching. Always Moving Forward We embrace change, foster innovation, and pursue continuous growth as individuals and as a team.
At Giant Group, we uphold high standards of corporate governance by adhering to the UK Corporate Governance Code and the Wates Principles. These frameworks ensure transparency, accountability, ethical conduct, and responsible leadership across our operations.
Anti-corruption measures and ethical business practices We maintain strict anti-bribery and anti-corruption policies, backed by regular reviews and internal controls. Our leadership-driven culture of compliance promotes integrity, fairness, and honesty across all regions and business activities. Compliance and legal issues With our expanding global footprint, legal and regulatory compliance remains key. Dedicated specialists monitor changes across regions, ensuring we meet obligations. This includes maintaining FCSA accreditation, GDPR compliance, ISO standards, and using the EcoVadis scorecard as a benchmarking tool to guide progress on emerging ESG disclosures. Data privacy and security Cybersecurity and data protection are vital to our tech-enabled operations. We enforce rigorous IT security policies, provide staff training, and monitor threats, underpinned by internationally recognised standards such as ISO 27001 and Cyber Essentials Plus. ESG focus group We have launched a cross-functional ESG Focus Group to integrate sustainability into business decisions. This team tracks regulatory shifts, promotes suppliers emissions transparency, and raises internal awareness through webinars and workshops. Section 172 (1) statement This section of the strategic report outlines how the directors have considered the matters stated in Section 172(1) of the Companies Act 2006 ('s172') while fulfilling their duty to promote the success of the group for the benefit of its shareholders. The Board acknowledges its obligations to enhance the firm's performance for the benefit of its members and all other stakeholders, who play a crucial role in the ongoing success of the group. The board ensures fair and equitable treatment of all stakeholders to ensure sustained business success. Regarding the matters outlined in Section 172 of the Act, the directors believe they have acted in good faith to advance the group's success on behalf of the stakeholders. We consider our employees, clients, suppliers, and regulatory bodies as the main stakeholders and the engagements we have with them are outlined below:
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GIANT GROUP LIMITED (FORMERLY GIANT GROUP PLC)
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
Employee interest Employees are central to Giant Group’s long-term success. We invest in their growth through structured training, professional certification support, and CPD assistance. Our focus on well-being includes mental health support, medical benefits, flexible leave, and hybrid work options. We promote open communication via surveys, newsletters, meetings, and the intranet, while bi-annual appraisals and regular reviews support career progression. This approach fosters a diverse, healthy, and high-performing workplace. Clients At Giant Group, we recognise our clients as our greatest asset and the driving force behind our growth and innovation. We are committed to prioritising their interests in every decision. Our client commitment includes:
∙Competitive product offerings: We deliver innovative, tailored solutions, with ongoing enhancements to our software and portals.
∙Customer relations: We focus on long-term partnerships through proactive communication, dedicated account managers, and real-time support.
∙Access to service and support staff: Clients receive prompt assistance from knowledgeable teams to ensure smooth service delivery.
∙Information and transparency:We share timely, accurate information and offer webinars to help clients stay compliant and informed.
∙Continuous Improvement: Client feedback, including satisfaction surveys, shapes our service evolution.
We’ve also expanded globally through new subsidiaries to offer compliant, region-specific payroll solutions. These efforts strengthen trust, adaptability, and shared success.
Suppliers We foster ethical, collaborative partnerships with suppliers, recognising their role in our service delivery and ESG goals. We ensure fair, timely payments and maintain open communication with equitable terms to support long-term relationships. Our enhanced onboarding and compliance processes promote ethical sourcing and ESG alignment, including emissions transparency and regular service reviews. These practices help build strong, sustainable supplier partnerships.
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GIANT GROUP LIMITED (FORMERLY GIANT GROUP PLC)
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
At Giant Group, we are committed to transparent, cooperative relationships with regulators, recognising their vital role in ensuring oversight and accountability. We fully comply with key regulatory frameworks, including FCSA accreditation, ISO certifications, and GDPR.
Our approach includes:
∙Active Communication: Ongoing dialogue with regulators through meetings, calls, and correspondence.
∙Audit Readiness: Welcoming site visits and maintaining readiness for compliance assessments.
∙Policy Engagement: Participating in consultations and contributing to regulatory developments.
∙Standards Adherence: Upholding sector standards and regulatory requirements.
∙ESG Planning: Established an internal ESG Focus Group to manage emerging disclosure and reporting obligations.
Through transparency and regulatory alignment, we remain committed to ethical, responsible, and compliant operations.
This report was approved by the board and signed on its behalf.
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GIANT GROUP LIMITED (FORMERLY GIANT GROUP PLC)
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MAY 2025
The directors present their report and the financial statements for the year ended 31 May 2025.
The results for the year are set out on page 01.
Ordinary dividends were £4.5m in 2025 (2024: £3.25m). The directors do not recommend payment of a final dividend for the financial year.
The directors who served during the year were:
The group prudently manages cash and borrowing to maximise interest, minimise costs, and maintain liquidity.
Employee involvement The group values employee involvement, using meetings, feedback, and reviews to drive performance and improvement, supported by ISO 9001-certified quality management practices. Employment and employee engagement Our people and their welfare We foster a high-performing, engaged workforce through surveys, team meetings, flexible working, and professional development. Support includes 24/7 EAP access, mental health first aiders, a wellness reimbursement scheme, and optional extra leave. Regular training covers wellbeing, information security, DEIB, AI, and modern slavery to ensure awareness and alignment. Employee voice and communication The group promotes transparency and trust through open communication and feedback channels. Employees help shape direction via regular reviews, development goals, and tailored learning. Communication and upskilling have expanded with digital growth. Team bonding and cross-functional collaboration foster cohesion and shared purpose across departments.
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GIANT GROUP LIMITED (FORMERLY GIANT GROUP PLC)
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
Diversity Our DEIB strategy is embedded across operations and guided by insights from our DEIB survey. We continue to support underrepresented groups, including veterans as an Armed Forces Covenant partner, and run bias-aware recruitment with bi-annual DEIB training. Our workforce reflects strong gender, ethnic, and socio-economic diversity, with most employees representing younger generations. Looking ahead, we aim to strengthen data practices, launch Employee Resource Groups (ERGs), and celebrate cultural awareness through events and storytelling to build a more inclusive workplace. Disability Applications for employment by disabled persons are always fully considered, bearing in mind the aptitudes of the applicant concerned. In the event of members of staff becoming disabled, every effort is made to ensure that their employment within the group continues and that the appropriate training is arranged. It is the policy of the group that the training, career development and promotion of disabled persons should, as far as possible, be identical to that of other employees. Corporate governance The group follows the Wates Principles, reinforcing accountability and ethical conduct. In 2024, we enhanced compliance, data security, and internal controls. As we grow globally, legal compliance and ESG remain priorities. We have launched an ESG Focus Group for sustainable, responsible growth. Purpose and leadership We deliver compliant, client-focused services with dedicated support and tailored solutions. Feedback drives service and system enhancements. Employee engagement is fostered through reviews, updates, and structured input. Guided by ISO9001, we promote continuous improvement, aligning staff and client needs to build a resilient, responsive organisation. Business Relationship The Board ensures strong stakeholder relationships. Our client-first approach drives innovation and service quality via account managers and tailored platforms. Global operations support international clients. Supplier ties are strengthened through fair terms, due diligence, ESG collaboration, and transparent quarterly reviews. Remuneration The group maintains transparent pay structures aligned with our purpose and values. Policies address reputational and behavioural risks from inappropriate incentives, reinforcing our commitment to responsible corporate governance and ethical reward practices. Culture Our cultural values guide decisions and behaviour across the business. Reinforced by leadership, they shape a culture of accountability, attract talent, and drive improvement. Embedded throughout the employee lifecycle, this foundation supports ethical conduct, protects our reputation, and enables the achievement of strategic goals. Training Ongoing training and development plans are in place to ensure directors remain well-informed about group standards, policies, and strategic objectives.
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GIANT GROUP LIMITED (FORMERLY GIANT GROUP PLC)
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
Staff Flexible working remains the Group’s preferred model, with remote work supported and office attendance based on business or personal need. Engagement is maintained through regular check-ins and briefings. Wellbeing is prioritised through Mental Health First Aiders, a 24/7 helpline, wellness reimbursements, an Employee Assistance Programme, extra leave options, and bi-annual surveys. Opportunity and risks The group follows a structured, cross-functional approach to risk management, regularly reviewing risks against strategic goals. External factors—political, economic, technological, and environmental—are assessed using established frameworks. Price and inflation risks are addressed through innovation and diversification, while liquidity and credit risk are managed through forecasting, treasury controls, client assessments, and insurance. Data security is maintained via ISO 27001, GDPR compliance, Cyber Essentials Plus certification, and penetration testing. With international expansion, foreign exchange exposure is also being reviewed to guide future controls.
The group remains committed to achieving net zero carbon emissions by 2050, in line with the UK Government’s national target. We aim to reach this goal by building on our history of innovation and through our self-delivery model.
Energy consumption This report covers the financial year 2024/25 and reflects the operations of the Group. Following the closure of our office in April 2023, the majority of our workforce has transitioned to remote working. As a result, the Group has directly consumed or controlled minimal energy. Based on our best estimates, energy usage remained below 40,000 kWh, qualifying the Group as a low energy user under SECR guidelines. Therefore, full SECR disclosures are not required for the year.
In line with Section 414C(11) of the Companies Act 2006, and as referenced in this Directors’ Report, the Company has elected to include specific content within the Strategic Report. This includes the review of the business, key performance indicators, principal risks and uncertainties, business relationships, and details on future developments.
Saffery LLP, who served as auditors for the previous financial year, have ceased to hold office. Cooper Parry LLP have been appointed as the company’s new auditors and, in accordance with section 489 of the Companies Act 2006, a resolution proposing their re-appointment will be put at a General Meeting.
To the best of each director’s knowledge, there is no relevant audit information of which the company’s auditor is unaware. Each director who approved this report has taken all the steps expected of them in their role to ensure they are aware of any relevant audit information and that the company’s auditor has been appropriately informed.
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GIANT GROUP LIMITED (FORMERLY GIANT GROUP PLC)
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
This comprises the Group Chief Technical Officer and the Group Chief Financial Officer who are also directors of the company. In addition, both the Group CEO and Group Chief Operating Officer sit on the board as well as there being representation from Directors from associated companies. Board meetings are held throughout the year, supported by management and departmental teams who provide timely, comprehensive information to aid in decision-making. The Board follows an agenda tailored to the scale and complexity of the business.
This report was approved by the board and signed on its behalf.
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GIANT GROUP LIMITED (FORMERLY GIANT GROUP PLC)
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 MAY 2025
The directors are responsible for preparing the group strategic report, the directors' report and the consolidated 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 applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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 the group and of the profit or loss of the group for that period.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the group's financial statements and then apply them consistently;
∙make judgements and accounting estimates that are reasonable and prudent;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the group 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 the group and to 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 the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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GIANT GROUP LIMITED (FORMERLY GIANT GROUP PLC)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF GIANT GROUP LIMITED (FORMERLY GIANT GROUP PLC)
We have audited the financial statements of Giant Group Limited (Formerly Giant Group Plc) (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 May 2025, which comprise the consolidated profit and loss account, the group and company balance sheet, the group and company statement of changes in equity, the consolidated statement of cash flows, the consolidated analysis of net funds and the related notes, 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).
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 are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council'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.
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 group's or the parent 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.
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GIANT GROUP LIMITED (FORMERLY GIANT GROUP PLC)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF GIANT GROUP LIMITED (FORMERLY GIANT GROUP PLC) (CONTINUED)
The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. 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. 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 course of 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.
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the group strategic report and the directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the group strategic report and the directors' report have been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the group strategic report or the directors' report.
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GIANT GROUP LIMITED (FORMERLY GIANT GROUP PLC)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF GIANT GROUP LIMITED (FORMERLY GIANT GROUP PLC) (CONTINUED)
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 group financial statements.
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.
We gained an understanding of the legal and regulatory framework applicable to the group and the industry in which it operates, and considered the risk of acts by the company that were contrary to applicable laws and regulations, including fraud. We discussed with the directors the policies and procedures in place regarding compliance with laws and regulations. We discussed amongst the audit team the identified laws and regulations, and remained alert to any indications of non-compliance. During the audit we focused on laws and regulations which could reasonably be expected to give rise to a material misstatement in the financial statements, including, but not limited to, the Companies Act 2006 and UK tax legislation. Our tests included agreeing the financial statement disclosures to underlying supporting documentation and enquiries with management. Our procedures in relation to fraud included but were not limited to: inquires of management whether they have any knowledge of any actual, suspected or alleged fraud, and discussions amongst the audit team regarding risk of fraud such as opportunities for fraudulent manipulation of financial statements. We determined that the principal risks related to posting manual journal entries to manipulate financial performance and management bias through judgements in accounting estimates. We also addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud. Our tests include agreeing the financial statement disclosures to underlying supporting documentation. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. In assessing the potential risks of material misstatement we obtained an understanding of; the entities operations, including the nature of its revenue sources and services and of its objectives and strategies to understand the classes of transactions, account balances, expected financial statement disclosures and business risks that may result in risks of material misstatement. We did not identify any matters relating to non-compliance with laws and regulations relating to fraud.
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 auditor's report.
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GIANT GROUP LIMITED (FORMERLY GIANT GROUP PLC)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF GIANT GROUP LIMITED (FORMERLY GIANT GROUP PLC) (CONTINUED)
This report is made solely to the group'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 group'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 group and the group's members, as a body, for our audit work, for this report, or for the opinions we have formed.
for and on behalf of
Statutory Auditor
Broadwalk House
5th Floor
5 Appold Street
London
EC2A 2AG
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GIANT GROUP LIMITED (FORMERLY GIANT GROUP PLC)
CONSOLIDATED PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 MAY 2025
Page 20
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GIANT GROUP LIMITED (FORMERLY GIANT GROUP PLC)
REGISTERED NUMBER: 03093787
CONSOLIDATED BALANCE SHEET
AS AT 31 MAY 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 27 to 44 form part of these financial statements.
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GIANT GROUP LIMITED (FORMERLY GIANT GROUP PLC)
REGISTERED NUMBER: 03093787
COMPANY BALANCE SHEET
AS AT 31 MAY 2025
As permitted by s408 Companies Act 2006, the company has not presented its own profit and loss account and related notes. The company's profit for the year was £4,504,662 (2024: £3,249,884).
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 27 to 44 form part of these financial statements.
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GIANT GROUP LIMITED (FORMERLY GIANT GROUP PLC)
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MAY 2025
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GIANT GROUP LIMITED (FORMERLY GIANT GROUP PLC)
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MAY 2025
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GIANT GROUP LIMITED (FORMERLY GIANT GROUP PLC)
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MAY 2025
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GIANT GROUP LIMITED (FORMERLY GIANT GROUP PLC)
CONSOLIDATED ANALYSIS OF NET FUNDS
FOR THE YEAR ENDED 31 MAY 2025
Page 26
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GIANT GROUP LIMITED (FORMERLY GIANT GROUP PLC)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
Giant Group Limited (formerly Giant Group Plc) ("the company") is a private limited company domiciled and incorporated in England and Wales. The registered office is Fourth Floor, 90 High Holborn, London, United Kingdom, WC1V 6LJ.
The group consists of Giant Group Limited (formerly Giant Group Plc) and all of its subsidiaries. The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. On 13 March 2025 the company changed from a public limited company to a private limited company.
2.Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires group management to exercise judgement in applying the group's accounting policies (see note 3).
The company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own profit and loss account in these financial statements.
The following principal accounting policies have been applied:
In the parent company financial statements, the cost of a business combination is the fair value at the acquisition date of the assets given, equity instruments issued and liabilities incurred or assumed, plus costs directly attributable to the business combination. The excess of the cost of a business combination over the fair value of the identifiable assets, liabilities and contingent liabilities acquired is recognised as goodwill. The cost of the combination includes the estimated amount of contingent consideration that is probable and can be measured reliably, and is adjusted for changes in contingent consideration after the acquisition date. Provisional fair values recognised for business combinations in previous periods are adjusted retrospectively for final fair values determined in the 12 months following the acquisition date. Investments in subsidiaries, joint ventures and associates are accounted for at cost less impairment.
Deferred tax is recognised on differences between the value of assets (other than goodwill) and recognised in a business combination accounted for using the purchase method and the amounts that can be deducted or assessed for tax, considering the manner in which the carrying amount of the asset or liability is expected to be recovered or settled. The deferred tax recognised is adjusted against goodwill or negative goodwill.
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GIANT GROUP LIMITED (FORMERLY GIANT GROUP PLC)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
2.Accounting policies (continued)
The consolidated group financial statements consist of the financial statements of the parent company Giant Group PLC together with all entities controlled by the parent company (its subsidiaries) and the group's share of its interests in associates.
All financial statements are made up to 31 May 2024. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the group. All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred. Subsidiaries are consolidated in the group's financial statements from the date that control commences until the date that control ceases.
At the time of approving the financial statements, the directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
Functional and presentation currency
Transactions and balances
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GIANT GROUP LIMITED (FORMERLY GIANT GROUP PLC)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
2.Accounting policies (continued)
Turnover is recognised for both types of workers based on system generated reports. For weekly workers, the system generated report is based on tax weeks while for monthly workers the report is generated based on the tax month (i.e. the period ending on the 5th of each month). Invoices are raised automatically on submission of timesheets by workers. Amounts are initially debited to a debtors control account and credited to deferred income. This methodology for recording turnover is considered to be appropriate by the directors as it would not be practical to apply a cut-off for turnover and the associated cost of those workers as at 31 May. Other operating income Other operating income includes a range of management cross charges to other associated groups and companies and where appropriate receipts which are held as credit balances. These balances may be credited in the consolidated profit and loss account after a period of six years, if the reasonable efforts to allocate have been unsuccessful.
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GIANT GROUP LIMITED (FORMERLY GIANT GROUP PLC)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
2.Accounting policies (continued)
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
The estimated useful lives range as follows:
Amortisation is charged to administrative expenses in the consolidated profit and loss account.
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GIANT GROUP LIMITED (FORMERLY GIANT GROUP PLC)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
2.Accounting policies (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the consolidated profit and loss account.
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in the consolidated profit and loss account.
A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities. Entities in which the group has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.
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GIANT GROUP LIMITED (FORMERLY GIANT GROUP PLC)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
2.Accounting policies (continued)
At each reporting period end date, the group reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the group estimates the recoverable amount of the cash-generating unit to which the asset belongs.
Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in the consolidated profit and loss account, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease. Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in the consolidated profit and loss account, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.
The group has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
The group has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.
Financial instruments are recognised in the group's balance sheet when the group becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
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GIANT GROUP LIMITED (FORMERLY GIANT GROUP PLC)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
2.Accounting policies (continued)
Basic financial assets
Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Discounting is omitted where the effect of discounting is immaterial. The group's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.
Financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the group after the deduction of all its liabilities.
Basic financial liabilities, which include trade and other payables, bank loans, other loans and loans due to fellow group companies are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
Equity instruments issued by the group are recorded at the proceeds received, net of transaction costs.
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
Termination benefits are recognised immediately as an expense when the group is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
Contained within exceptional items are certain one-off charges or credits that have a material impact on the company's financial results as 'exceptional items'.
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GIANT GROUP LIMITED (FORMERLY GIANT GROUP PLC)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
2.Accounting policies (continued)
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. Critical judgements The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements. Provision It was determined that certain provisions relating to potential obligations were no longer required and an amount of £Nil (2024: £1.2m) was released to cost of sales in the consolidated profit and loss account in the prior year. Holiday pay The group gives its workers a choice of accrued or rolled up holiday pay. The number choosing accrued holiday is very low. Workers with accrued holidays are given regular reminders to take their holiday. Bad debt provision A provision is made for bad and doubtful debts, where management believes there is an issue in the recoverability of trade and other debtors. In the current year, management believe all balances to be recoverable and hence no provision is included within the financial statements.
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GIANT GROUP LIMITED (FORMERLY GIANT GROUP PLC)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
Analysis of turnover by country of destination:
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GIANT GROUP LIMITED (FORMERLY GIANT GROUP PLC)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
Page 36
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GIANT GROUP LIMITED (FORMERLY GIANT GROUP PLC)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
Page 37
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GIANT GROUP LIMITED (FORMERLY GIANT GROUP PLC)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
12.Taxation (continued)
Page 38
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GIANT GROUP LIMITED (FORMERLY GIANT GROUP PLC)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
Page 39
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GIANT GROUP LIMITED (FORMERLY GIANT GROUP PLC)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
Page 40
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GIANT GROUP LIMITED (FORMERLY GIANT GROUP PLC)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
Page 41
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GIANT GROUP LIMITED (FORMERLY GIANT GROUP PLC)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
Page 42
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GIANT GROUP LIMITED (FORMERLY GIANT GROUP PLC)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
Capital redemption reserve
Profit and loss account
Page 43
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GIANT GROUP LIMITED (FORMERLY GIANT GROUP PLC)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
The ultimate controlling party is Matthew Brown, a director of the company and majority shareholder of Giant Group Limited (formerly Giant Group Plc).
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