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Saxton Group Holdings Limited
Company Information
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Saxton Group Holdings Limited
Contents
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Saxton Group Holdings Limited
Group Strategic Report
For the year ended 31 December 2025
The directors present their strategic report for the period ended 31 December 2025.
Saxton Group Holdings Limited is the parent company of HFL Building Solutions Limited. It was created by the founder and Chairman of HFL, Dave Saxton, to acquire the full share capital of HFL from the other shareholders in February 2024.
HFL Buildings Solutions is one of the UK's foremost building services companies. We have an enviable reputation for the reliable delivery of cost and energy efficient building management, operational and technical solutions for businesses of all shapes and sizes - from retail parks to leisure complexes, educational establishments and commercial properties. We offer a nationwide service of mobile maintenance, integrated facilities and building environmental services from two main hubs located in Central and Northern England. The general economic environment in 2025 was good which resulted in growth in turnover. 2025 was a year for strategic investment in the Group, in both infrastructure and systems. This has helped create a stronger platform to support our continued growth. The general economic environment continued to be highly competitive in 2025. The business delivered a strong performance in the year, with our reactive and project works in line with forecasts. New contract wins exceeded the lost/terminated contracts, and this trend continues in to 2026. The Directors remain optimistic of the Group's prospects in 2026. The Group is continuing to work with our business partners to seek efficiency in all areas, and support and train our employees to provide the level of service that will raise our profile within the industry and help us retain and grow client portfolios. The Saxton Group expanded further in 2025, with creation of Saxton Group Properties Limited. This company acquired a commercial property in May 2025 to serve as the Saxton Group's Head Office for all of its business activities moving forward.
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Saxton Group Holdings Limited
Group Strategic Report (continued)
For the year ended 31 December 2025
The Group is exposed to lead times of manufacturing of parts so the global pressure on the supply chain does have an impact, as does the inflationary pressures of the global economy. The energy markets will increase our overheads and we will take appropriate measures to secure the best deals for the Group.
Competitive pressure will always exist as client portfolios come up for re-tender. We will continue to develop working relationships with consultants and the correct director decision makers of existing and prospective clients. By focusing on the service element of our offering, we can illustrate value for money and achieve a high retention rate on our contracts and assist existing clients in providing opportunities for growth. The greatest challenge is coming from the pressure on wages, as an apparent shortage of skilled engineers had forced up the market rate significantly in 2022, but this has now stabilised. The Group has invested both in apprenticeships for the future and in training of existing staff to create a strong enterprise culture for retaining its skilled staff. Our continued investment in people, technology and training leaves the business well placed to differentiate itself within the competitive environment of building maintenance. Health and Safety continues to be a key focus of risk management for the Group. The Group will continue to invest internally in our systems to ensure our framework of policies and procedures achieve the objective of minimizing avoidable risk in the business. The Group is continually developing and upgrading our IT infrastructure, software and cyber threat and assessment capabilities. The increased risk of cyber-attack during the pandemic could impact the business operations and lead to loss of confidential information, damaging the Group's reputation. We will continue to enhance our data protection and security procedures to mitigate these risks.
The consolidated position shows the financial position for the 12 month period up to December 25.
2025 2024 Turnover 19,186,748 15,311,315 Gross profit 4,679,279 3,294,836 Gross profit margin 24.4% 21.5%
This report was approved by the board and signed on its behalf.
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Saxton Group Holdings Limited
Directors' Report
For the year ended 31 December 2025
The directors present their report and the financial statements for the year ended 31 December 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.
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 judgments 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.
The profit for the year, after taxation, amounted to £281,609 (2024 - £517,023).
Ordinary dividends were paid to the shareholders amounting to £188,228.
The directors who served during the year were:
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Saxton Group Holdings Limited
Directors' Report (continued)
For the year ended 31 December 2025
The auditors, Hurst Accountants Limited, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
This report was approved by the board and signed on its behalf.
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Saxton Group Holdings Limited
Independent Auditors' Report to the Members of Saxton Group Holdings Limited
We have audited the financial statements of Saxton Group Holdings Limited (the 'parent Company') and its subsidiaries (the 'Group') for the year ended 31 December 2025, which comprise the Consolidated Statement of Comprehensive Income, the Consolidated Analysis of Net Debt, the Consolidated Balance Sheet, the Company Balance Sheet, the Consolidated Statement of Cash Flows, the Consolidated Statement of Changes in Equity, the Company Statement of Changes in Equity 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 Auditors' 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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Saxton Group Holdings Limited
Independent Auditors' Report to the Members of Saxton Group Holdings Limited (continued)
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' 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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Saxton Group Holdings Limited
Independent Auditors' Report to the Members of Saxton Group Holdings Limited (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 Auditors' 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:
Identifying and assessing potential risks related to irregularities
In identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:
∙The nature of the industry and sector in which the company operates; the control environment and business performance including key drivers for directors' remuneration, bonus levels and performance targets.
∙The outcome of enquiries of management, including whether management was aware of any instances of non-compliance with laws and regulations, and whether management had knowledge of any actual, suspected, or alleged fraud.
∙Supporting documentation relating to the Company's policies and procedures for:
♦Identifying, evaluating, and complying with laws and regulations
♦Detecting and responding to the risks of fraud
∙The internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations.
∙The outcome of discussions amongst the engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.
∙The legal and regulatory framework in which the Company operates, particularly those laws and regulations which have a direct effect on the financial statements, such as the Companies Act 2006, pensions and tax legislation, or which had a fundamental effect on the operations of the Company, including General Data Protection requirements, and Anti-bribery and Corruption.
Audit response to risks identified
Our procedures to respond to the risks identified included the following:
∙Reviewing the financial statements disclosures and testing to supporting documentation to assess compliance with the provisions of those relevant laws and regulations which have a direct effect on the financial statements.
∙Discussions with management, including consideration of known or suspected instances of non-compliance with laws and regulations and fraud.
∙Evaluation of management’s controls designed to prevent and detect irregularities.
∙Enquiring of management about any actual and potential litigation and claims.
∙Performing analytical procedures to identify any unusual or unexpected relationships which may indicate risks of material misstatement due to fraud.
We have also considered the risk of fraud through management override of controls by:
∙Testing the appropriateness of journal entries and other adjustments. We have used data analytics software to identify accounting transactions which may pose a heightened risk of material misstatement, whether due to fraud or error.
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Saxton Group Holdings Limited
Independent Auditors' Report to the Members of Saxton Group Holdings Limited (continued)
∙Challenging assumptions made by management in their significant accounting estimates, and 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.
We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.
There are inherent limitations in the audit procedures described above, and the further removed non-compliance with laws and regulations are from the events and transactions reflected in the financial statements, the less likely we would become aware of them. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.
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 Auditors' Report.
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.
for and on behalf of
Chartered Accountants & Statutory Auditors
3 Stockport Exchange
Railway Road
Stockport
Cheshire
SK1 3GG
7 May 2026
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Saxton Group Holdings Limited
Consolidated Statement of Comprehensive Income
For the year ended 31 December 2025
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Saxton Group Holdings Limited
Registered number: 15372940
Consolidated Balance Sheet
As at
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 17 to 33 form part of these financial statements.
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Saxton Group Holdings Limited
Registered number: 15372940
Company Balance Sheet
As at
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 17 to 33 form part of these financial statements.
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Saxton Group Holdings Limited
Consolidated Statement of Changes in Equity
For the year ended 31 December 2025
Consolidated Statement of Changes in Equity
For the year ended 31 December 2024
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Saxton Group Holdings Limited
Company Statement of Changes in Equity
For the year ended 31 December 2025
Company Statement of Changes in Equity
For the year ended 31 December 2024
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Saxton Group Holdings Limited
Consolidated Statement of Cash Flows
For the year ended 31 December 2025
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Saxton Group Holdings Limited
Consolidated Statement of Cash Flows (continued)
For the year ended 31 December 2025
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Saxton Group Holdings Limited
Consolidated Analysis of Net Debt
For the year ended 31 December 2025
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Saxton Group Holdings Limited
Notes to the Financial Statements
For the year ended 31 December 2025
Saxton Group Holdings Limited is a private company limited by share capital, incorporated in England and Wales, registered number 15372940. The address of the registered office and principal place of business is Delta House, Alphagate Drive, Denton, Manchester, M34 3SH.
The nature of the Company's operation is that of a holding company. The nature of the subsidiary's operations and principal activity is that of building services.
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 judgment 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 Statement of Comprehensive Income in these financial statements.
The Company has taken advantage of the exemption allowed under FRS 102 section 1.12 (b) and has not presented its own statement of cash flows in these financial statements.
The following principal accounting policies have been applied:
The consolidated financial statements present the results of the Company and its own subsidiaries ("the Group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.
The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Balance Sheet, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the Consolidated Statement of Comprehensive Income from the date on which control is obtained. They are deconsolidated from the date control ceases. In accordance with the transitional exemption available in FRS 102, the Group has chosen not to retrospectively apply the standard to business combinations that occurred before the date of transition to FRS 102, being 28 December 2023.
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Saxton Group Holdings Limited
Notes to the Financial Statements
For the year ended 31 December 2025
2.Accounting policies (continued)
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.
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Saxton Group Holdings Limited
Notes to the Financial Statements
For the year ended 31 December 2025
2.Accounting policies (continued)
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Saxton Group Holdings Limited
Notes to the Financial Statements
For the year ended 31 December 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, using the straight-line method.
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 profit or loss.
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Saxton Group Holdings Limited
Notes to the Financial Statements
For the year ended 31 December 2025
2.Accounting policies (continued)
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
The Group has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
Basic financial assets
Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) 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 debtors due with the operating cycle fall into this category of financial instruments.
Impairment of financial assets
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.
Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.
If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.
Derecognition of financial assets
Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Group transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Group will continue to recognise the value of the portion of the risks and rewards retained.
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Saxton Group Holdings Limited
Notes to the Financial Statements
For the year ended 31 December 2025
2.Accounting policies (continued)
Derecognition of financial liabilities
Financial liabilities are derecognised when the Group's contractual obligations expire or are discharged or cancelled.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revision to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods, if the revision affects both current and future periods. The directors believe that judgements, estimates and assumptions do not have a significant risk of causing a material difference to the carrying amounts of the assets and liabilities within the next financial year.
The whole of the turnover is attributable to the Group's principal activity.
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Saxton Group Holdings Limited
Notes to the Financial Statements
For the year ended 31 December 2025
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Saxton Group Holdings Limited
Notes to the Financial Statements
For the year ended 31 December 2025
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Saxton Group Holdings Limited
Notes to the Financial Statements
For the year ended 31 December 2025
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Saxton Group Holdings Limited
Notes to the Financial Statements
For the year ended 31 December 2025
11.Taxation (continued)
There were no factors that may affect future tax charges.
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Saxton Group Holdings Limited
Notes to the Financial Statements
For the year ended 31 December 2025
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Saxton Group Holdings Limited
Notes to the Financial Statements
For the year ended 31 December 2025
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Saxton Group Holdings Limited
Notes to the Financial Statements
For the year ended 31 December 2025
The Bank loan is secured by a debenture over the assets of the business. Interest is charged at 3.75% per annum over the Bank of England Base Rate.
The hire purchase liability is secured by a fixed charge over the leasehold improvements of the business. Interest is charged at a nominal
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Saxton Group Holdings Limited
Notes to the Financial Statements
For the year ended 31 December 2025
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Saxton Group Holdings Limited
Notes to the Financial Statements
For the year ended 31 December 2025
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Saxton Group Holdings Limited
Notes to the Financial Statements
For the year ended 31 December 2025
Merger Reserve
Profit and loss account
The Group operates a defined contributions pension scheme. The assets of the scheme are held separately from
those of the Group in an independently administered fund. The pension cost charge represents contributions payable by the Group to the fund and amounted to £327,857 (2024: £254,006). Contributions totalling £42,432 (2024: £39,773) were payable to the fund at the balance sheet date.
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Saxton Group Holdings Limited
Notes to the Financial Statements
For the year ended 31 December 2025
The ultimate controlling party is Mr D P Saxton by virture of his majority shareholding.
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