wk-2025-12-31-ixbrl

HIRERIGHT UK HOLDING LIMITED

Table of Contents

Definitions


Company	HireRight UK Holding Limited, as a standalone company
Parent	HireRight Holdings Corporation, the ultimate holding company of the Group
HR PL	HireRight Poland Sp. z o.o.
HR SG	Background Screening HireRight Pte Ltd (in Singapore)
HR HK	HireRight Hong Kong Limited
HR IN	HireRight Background Screening India LLP
HR LTD	HireRight Ltd, located in the United Kingdom
HR ME	Background Screening HireRight Middle East FZCO
Group	HireRight UK Holding Limited, and its own subsidiaries, including: -HR LTD -HR PL -HR SG -HR ME -HR HK -HR IN (50% share)

HIRERIGHT UK HOLDING LIMITED

Group Strategic Report

For the Year Ended 31 December 2025

Introduction

The Directors of the Company present their Strategic Report on the affairs of the Group together with the

audited financial statements for the year ended 31 December 2025.

Business review

The Group continues to evolve with the market conditions to ensure that growth and investment in the business

remains balanced. During 2025, the Group's revenue increased 10%, primarily due to increased same-store

sales. Comprehensive income decreased (48%), primarily due to increased labor costs.

Principal risks and uncertainties and financial risk management

The principal business risks are confidence in and health of the global economy. Our business is to partner

with and support our clients, as such we are dependent upon regional, sector and economic factors. The

Group aims to mitigate risk by diversifying services into as many market sectors as economically possible.

Cash flow risk

The Group manages its cash resources by considering the forecast timing of cash flows from customer

receipts and forecast cash flows from the payment of payroll costs, administrative expenses, bank interest and

other liabilities, together with the timing of the repayments relating to intercompany loans and balances. The

timing of cash receipts and payments is reviewed on a monthly basis and any anticipated changes are

considered in the light of future working capital requirements and the availability of cash and group borrowing

facilities.

Credit risk

The Group's principal financial assets are investments, bank balances and trade and other debtors. The credit

risk on trade debtor balances is mitigated by the Group's credit control facilities.

Liquidity risk

The Group manages liquidity risk by reviewing the future net cash requirements of the business, by holding

cash balances to fund short term requirements.

Interest rate risk

The Group remains cash positive and a funding source for the rest of the group, so interest rate risk is

considered to be low.

Price risk

The Group manages price risk by entering into contracts with specific pricing terms.

Financial key performance indicators

– Consolidated turnover from operations for year 2025 was £56,922,913 (2024 - £51,655,413)

– Net assets as at 31 December 2025 amounted to £16,224,328 (2024 - £14,832,105)

– The Group gross profit margin for year 2025 was 39% (2024 - 37%)

– The consolidated profit before taxation for year 2025 was £1,685,613 (2024 - £3,272,195)

HIRERIGHT UK HOLDING LIMITED

Group Strategic Report (continued)

For the Year Ended 31 December 2025

Directors' statement of compliance with duty to promote the success of the Group (Section 172

(1) statement)

Directors of the Company are required to act in a way that they consider, in good faith, to promote the success of

the Company, having regard to:

– the likely consequences of any decision in the long term;

– the interests of the Company's employees;

– the need to foster the Company's business relationships with suppliers, customers and others;

– the impact of the Company's operations on the community and the environment;

– the desirability of the Company maintaining a reputation for high standards of business conduct; and

– the need to act fairly as between members of the Company.

The following summarises how the Directors' fulfil their duties:

Customers

The Group operates within the increasingly wide variety of organizations that exist in today's global business

environment. By offering high quality service the wider HireRight Group is aiming to become the world's most

respected, most accurate, most accessible background screening and workforce solutions partner. In 2024, the

wider HireRight Group decided to go private to focus more on the long term investment plan aiming to increase

customer experience and focusing on quality of services rendered.

Employees

Team Members are the core of our organisation. During 2025, the management continued 'Town Hall' meeting

sessions with all the employees, where management presented current position of the Company and forecast.

Employees were encouraged to ask questions about the business, its strategy, performance, current initiatives

These sessions provide Directors with the opportunity to gather feedback from employees. Additionally, once a

year the Company launches 'Organizational Health Survey' to all Team Members, globally. This survey covers

topics like organizational direction, leadership, performance management, operational effectiveness,

communication, culture, and more. This is an opportunity to share employees' feelings and detailed feedback

and allows management to collect expressive data around the current health of the organization.

Culture and values

As a company we solicited the input of over 1,000 HireRight global Team Members about what matters most

when providing and receiving high quality customer service, and building strong teams. Culture teams and

marketing worked with the results to hone in on the characteristics that enable HireRight to stand out among its

competition, meet and exceed customer expectations, and cultivate a solid global work environment. Our

CORE4 Values (Service-First Mindset, Grounded in Respect, Collaborative Spirit, Sense of Ownership) keep

us firmly rooted, while giving us the freedom to grow and thrive as a company, and individually.

HIRERIGHT UK HOLDING LIMITED

Group Strategic Report (continued)

For the Year Ended 31 December 2025

Community and environment

HireRight is committed to a sustainable, environmentally conscious and socially responsible future. We

specialized in helping organizations efficiently implement, manage and control their screening programs. By

offering web-based background screening solutions we are constantly reducing the use of paper in our internal

departments and have helped our customers reduce their paper use. Through innovation and technology, we

have designed our systems to help automate a very paper-heavy industry. Every day we strive to reduce our

carbon footprint. HireRight understands also the importance of giving back to our communities. Our employees

are encouraged and given time off work to participate in charitable volunteer work.

This report was approved by the board on 07 October 2026 and signed on its behalf.

P W N Cleverton

Director

HIRERIGHT UK HOLDING LIMITED

Directors' Report

For the Year Ended 31 December 2025

The Directors present their report and the audited consolidated financial statements for the year ended

December 31, 2025.

Principal activities

The principal activity of the Group continued to be that of providing background and pre-employment screening

and investigation services. The principle activity of the Company is to act as an intermediate holding within the

wider HireRight group.

Results and dividends

The profit for the year, after taxation, amounted to £1,305,595 (2024 - £2,733,699).

No dividends were paid in 2025 (2024 - £Nil). The Directors do not recommend nor propose the payment of a

final dividend for the year (2024 - £Nil).

Directors

The Directors who were in office during the year and up to the date of signing the financial statements

were:

P W N Cleverton (appointed 24 January 2024)

R Hazra (appointed 5 December 2024, resigned 14 April 2026)

C Smith (appointed 24 January 2024)

R Lowe (appointed 30 July 2026)

Going concern

The Group finances its operations through cash, intercompany loans and intercompany balances.

As at 31 December 2025, the Group had cash balances of £8,774,748 (2024 - £8,660,984), amounts owed by

Group undertakings of £7,173,719 (2024 - £6,265,079), amounts owed to Group undertakings in the amount of

£4,598,161 (2024 - £5,724,064) and loan from a related corporation in the amount of £7,388,802 (2024 -

£7,442,045).

There are no formal repayment terms for the intercompany loans and intercompany balances. The Directors

have obtained confirmation from the operative corporate parent HireRight LLC that the intercompany

receivables will be settled by HireRight LLC, if required, in order to allow the Company to meet their liabilities

as they fall due. The Group has obtained a Letter of Undertaking from the Parent.

The Parent has confirmed that it has clear understanding of the strategy and business plan of the Company,

including the Company's and Group's projected funding requirements for at least the next 12 months from the

date of financial statements. The Parent will provide financial support to the Company such that the Company

and the Group is able to operate as a going concern and to settle its liabilities as they fall due. This financial

support will include:

– not seeking the repayment of amounts advanced to the Company and the Group by the Parent and/or

other members of the Parent group unless adequate alternative financing has been secured by the

Company; and

– advancing further amounts to the Company as required by the Company.

HIRERIGHT UK HOLDING LIMITED

Directors' Report (continued)

For the Year Ended 31 December 2025

Going concern (continued)

In providing this assurance, the Parent has taken full account of its own funding requirements, obligations and

commitments for the same period as this letter covers. Further, the Parent has undertaken that this will remain

in place for the foreseeable future and will not be withdrawn during a period of 12 months from the date of

financial statements.

The Directors have reviewed the going concern status of the Company and the Group by considering the

Company's forecast funding requirements, expected level of intercompany activity, and the continued

availability of funding from Group companies. Based on this review the Directors have concluded that the going

concern basis should be used in the preparation of the financial statements.

Qualifying third party indemnity provisions

During the financial year and up to the date of signing the financial statements, the Company maintained

liability insurance for its Directors and Officers, which is a qualifying third party indemnity provision for the

purposes of the Companies Act 2006. The provision was held by Corporate Risk Holdings, LLC up until 11 July

2018 and HireRight GIS Group Holdings LLC effective from 12 July 2018.

Future developments

The Group continues to evolve with the market conditions to ensure that growth and investment in the

business remains balanced.

Employment of disabled people

HireRight is fully committed to enabling its employees to fulfil their potential and ensuring equality in

employment. This policy puts this commitment into practice across all policies, practices and procedures

relating to recruitment, training, development and promotions in addition to the general treatment of employees

and job applicants. HireRight also commits to the principle that the workforce at each location should reflect, as

far as is reasonably possible, the community within which it operates.

No person acting on behalf of HireRight shall discriminate in any situation against another individual or group,

directly or indirectly, because of disability. These principles apply to recruitment selection, training, promotion,

transfer, pay and benefits and performance appraisal procedures, in addition to all terms and conditions of

employment.

Greenhouse gas emissions, energy consumption and energy efficiency action

The Board of Directors of the Company recognises their responsibilities for achieving good environmental

practice and aiming to reduce the Company’s overall carbon emissions.

The 2025 statement of carbon emissions in compliance with SECR are as follows for Group:

– HR LTD

– HR SG

– HR PL

HIRERIGHT UK HOLDING LIMITED

Directors' Report (continued)

For the Year Ended 31 December 2025

Greenhouse gas emissions, energy consumption and energy efficiency action (continued)

HR ME is excluded from our report since they are in serviced offices and do not receive per kwh billing for the

office space leased.


	2025 (kWh)	2024 (kWh)	Comments
United Kingdom	141,093	47,932	Increased office utilisation due to headcount changes due to Parent reorganizations

Poland	140,385	32,985

Singapore	14,960	14,669

Our offices in both the UK and Poland are supplied with 100% renewable energy. Since 2020, we have been

adopting a hybrid working approach which has resulted in the higher kwh usage in some locations. Singapore

has predominantly been an occupied office since 2020, remaining on a stable consumption path.

Scope 1 emissions are limited to the UK entity of the Company and HR LTD, with zero direct emissions

recorded in 2025. HireRight records its global emissions at the Parent and evaluates its emissions based on

the GHG Protocol Report and Accounting Standards.

In 2025, HireRight submitted its net zero targets to the Science Based Targets initiative and commits to being

Net Zero by 2050, with near term targets to reduce our global scope 1 and 2 by 42% in 2030. This will be

achieved by initiatives such as procuring 100% renewable energy sources for all our locations, reducing waste,

reducing our Scope 3 emissions by partnering with our supply chain and continually reviewing our procurement

and business travel for carbon reduction opportunities.

Matters covered in the Group Strategic Report

In accordance with section 414C(11) of the Companies Act, certain matters required to be detailed in the

Directors' Report are detailed in the Group Strategic Report where the Director considers them to be of strategic

importance to the Group.

Disclosure of information to auditors

Each of the persons who are Directors at the time when this Directors' Report is approved has confirmed that:

– so far as the Director is aware, there is no relevant audit information of which the Company and the

Group's auditors are unaware, and

– the Director has taken all the steps that ought to have been taken as a Director in order to be aware of

any relevant audit information and to establish that the Company and the Group's auditors are aware of

that information.

HIRERIGHT UK HOLDING LIMITED

Directors' Report (continued)

For the Year Ended 31 December 2025

Events after the reporting period

There have been no significant events affecting the Group since the year end.

Independent auditors

The auditors, PricewaterhouseCoopers LLP, will be proposed for reappointment in accordance with section

485 of the Companies Act 2006.

The financial statements were approved by the Board of Directors on 07 October 2026 and signed on its behalf

P W N Cleverton

Director

HIRERIGHT UK HOLDING LIMITED

Directors' Responsibilities Statement in respect of 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 regulation.

Company law requires the Directors to prepare financial statements for each financial year. Under that law the

Directors have prepared the Group and Company financial statements in accordance with United Kingdom

Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS 102 “The

Financial Reporting Standard applicable in the UK and Republic of Ireland“, and applicable law).

Under law, Directors must not approve the financial statements unless they are satisfied that they give a true

and fair view of the state of affairs of the Group and the Company 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 and then apply them consistently;

– state whether applicable United Kingdom Accounting Standards, comprising FRS 102 have been

followed, subject to any material departures disclosed and explained in the financial statements;

– make judgements and accounting estimates that are reasonable and prudent; and

– prepare the financial statements on the going concern basis unless it is inappropriate to presume that

the Company will continue in business.

The Directors are responsible for safeguarding the assets of the Group and Company and hence for taking

reasonable steps for the prevention and detection of fraud and other irregularities.

The Directors are also responsible for keeping adequate accounting records that are sufficient to show and

explain the Group's and Company's transactions and disclose with reasonable accuracy at any time the financial

position of the Group and Company and to enable them to ensure that the financial statements comply with the

Companies Act 2006.

Independent auditors’ report to the members of Hireright UK Holding Limited

Report on the audit of the financial statements

Opinion

In our opinion, Hireright UK Holding Limited's group financial statements and company's financial statements

(the “financial statements”):

– give a true and fair view of the state of the group's and of the company's affairs as at 31 December 2025

and of the group’s profit and the group’s cash flows for the year then ended;

– have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice

(United Kingdom Accounting Standards, including FRS 102 "The Financial Reporting Standard applicable

in the UK and Republic of Ireland", and applicable law); and

– have been prepared in accordance with the requirements of the Companies Act 2006.

We have audited the financial statements, included within the Annual Report and Financial Statements (the

"Annual Report"), which comprise:

– the Consolidated Statement of Financial Position as at 31 December 2025;

– the Company Statement of Financial Position as at 31 December 2025;

– the Consolidated Statement of Comprehensive Income for the year then ended;

– the Consolidated Statement of Changes in Equity for the year then ended;

– the Company Statement of Changes in Equity for the year then ended;

– the Consolidated Statement of Cash Flows for the year then ended; and

– the notes to the financial statements which include a description of the significant accounting policies.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) ("ISAs (UK)") and

applicable law. Our responsibilities under ISAs (UK) are further described in the Auditors’ responsibilities for

the audit of the financial statements section of our report. We believe that the audit evidence we have obtained

is sufficient and appropriate to provide a basis for our opinion.

Independence

We remained independent of the group in accordance with the ethical requirements that are relevant to our

audit of the financial statements in the UK, which includes the FRC’s Ethical Standard, and we have fulfilled

our other ethical responsibilities in accordance with these requirements.

Conclusions relating to going concern

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 and the company’s ability

to continue as a going concern for a period of at least twelve months from when the financial statements are

authorised for issue.

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.

However, because not all future events or conditions can be predicted, this conclusion is not a guarantee as to

the group’s and the company's ability to continue as a going concern.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the

relevant sections of this report.

Reporting on other information

The other information comprises all of the information in the Annual Report other than the financial statements

and our auditors’ report thereon. The directors are responsible for the other information. Our opinion on the

financial statements does not cover the other information and, accordingly, we do not express an audit opinion

or, except to the extent otherwise explicitly stated in this report, any form of assurance thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and,

in doing so, consider whether the other information is materially inconsistent with the financial statements or

our knowledge obtained in the audit, or otherwise appears to be materially misstated. If we identify an apparent

material inconsistency or material misstatement, we are required to perform procedures to conclude whether

there is a material misstatement of the financial statements or a material misstatement of the other information.

If, based on the work we have performed, we conclude that there is a material misstatement of this other

information, we are required to report that fact. We have nothing to report based on these responsibilities.

With respect to the Strategic report and Directors' Report, we also considered whether the disclosures required

by the Companies Act 2006 have been included.

Based on our work undertaken in the course of the audit, the Companies Act 2006 requires us also to report

certain opinions and matters as described below.

Strategic report and Directors' Report

In our opinion, based on the work undertaken in the course of the audit, the information given in the Strategic

report and Directors' Report for the year ended 31 December 2025 is consistent with the financial statements

and has been prepared in accordance with applicable legal requirements.

In light of the knowledge and understanding of the group and company and their environment obtained in the

course of the audit, we did not identify any material misstatements in the Strategic report and Directors' Report.

Responsibilities for the financial statements and the audit

Responsibilities of the directors for the financial statements

As explained more fully in the Directors' Responsibilities Statement in respect of the financial statements, the

directors are responsible for the preparation of the financial statements in accordance with the applicable

framework and for being satisfied that they give a true and fair view. The directors are also responsible for such

internal control as they determine is necessary to enable the preparation of financial statements that are free

from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group’s and the

company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern

and using the going concern basis of accounting unless the directors either intend to liquidate the group or the

company or to cease operations, or have no realistic alternative but to do so.

Auditors’ responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free

from material misstatement, whether due to fraud or error, and to issue 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 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.

Based on our understanding of the group and industry, we identified that the principal risks of non-compliance

with laws and regulations related to data protection regulations, and we considered the extent to which non-

compliance might have a material effect on the financial statements. We also considered those laws and

regulations that have a direct impact on the financial statements such as Companies Act 2006 and UK taxation

legislation relevant to the company's operations. We evaluated management’s incentives and opportunities for

fraudulent manipulation of the financial statements (including the risk of override of controls), and determined

that the principal risks were related to posting inappropriate journal entries to manipulate financial results. Audit

procedures performed by the engagement team included:

– Discussion with management in relation to known or suspected instances of non-compliance with laws and

regulation and fraud;

– Identifying and testing journal entries using a risk- based approach, in particular any journal entries posted

to revenue that involve unusual account combinations; and

– Reviewing financial statement disclosures and testing to supporting documentation to assess compliance

with applicable laws and regulations.

There are inherent limitations in the audit procedures described above. We are less likely to become aware of

instances of non-compliance with laws and regulations that are not closely related to events and transactions

reflected in the financial statements. 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 FRC’s

website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditors’ report.

Use of this report

This report, including the opinions, has been prepared for and only for the company's members as a body in

accordance with Chapter 3 of Part 16 of the Companies Act 2006 and for no other purpose. We do not, in

giving these opinions, accept or assume responsibility for any other purpose or to any other person to whom

this report is shown or into whose hands it may come save where expressly agreed by our prior consent in

writing.

Other required reporting

Companies Act 2006 exception reporting

Under the Companies Act 2006 we are required to report to you if, in our opinion:

– we have not obtained all the information and explanations we require for our audit; or

– adequate accounting records have not been kept by the company or returns adequate for our audit have

not been received from branches not visited by us; or

– the company's financial statements are not in agreement with the accounting records and returns; or

– certain disclosures of directors’s remuneration specified by law are not made.

We have no exceptions to report arising from this responsibility.

Edward Gregory (Senior Statutory Auditor)

for and on behalf of PricewaterhouseCoopers LLP

Chartered Accountants and Statutory Auditors

London

07 October 2026

HIRERIGHT UK HOLDING LIMITED

Registered number: 07286646

Consolidated Statement of Comprehensive Income

For the Year Ended 31 December 2025


	Note	2025	2024
		£	£
Turnover	4	56,922,913	51,655,413
Cost of sales		(34,793,487)	(32,778,626)
Gross profit		22,129,426	18,876,787
Administrative expenses		(20,859,889)	(17,057,224)
Other operating income/(expenses)	5	342,691	997,987
Operating profit	6	1,612,228	2,817,550
Share of profit from investment in associate		337,338	780,038
Interest receivable and similar income	10	231,221	247,567
Interest payable and similar expenses	11	(495,174)	(572,960)
Profit before taxation		1,685,613	3,272,195
Tax on profit	12	(380,018)	(538,496)
Profit for the financial year		1,305,595	2,733,699
Currency translation differences		86,628	(68,525)
Other comprehensive expense for the year		86,628	(68,525)
Total comprehensive income for the year		1,392,223	2,665,174

Profit for the financial year attributable to:
Owners of the Parent		1,305,595	2,733,699
Total comprehensive income for the year attributable to:
Owners of the Parent		1,392,223	2,665,174

The notes form part of these financial statements.

HIRERIGHT UK HOLDING LIMITED

Registered number:07286646

Consolidated Statement of Financial Position

As at 31 December 2025


	Note	2025	2025	2024	2024
		£	£	£	£
Fixed assets
Tangible assets	13		1,604,535		1,997,211
Investments	14		1,918,452		1,581,114
			3,522,987		3,578,325
Current assets
Debtors: amounts falling due after more than one year	15	358,599		327,181
Debtors: amounts falling due within one year	15	21,902,999		22,411,084
Cash at bank and in hand	16	8,774,748		8,660,984
		31,036,346		31,399,249
Creditors: amounts falling due within one year	17	(18,134,209)		(19,650,787)
Net current assets			12,902,137		11,748,462
Total assets less current liabilities			16,425,124		15,326,787
Creditors: amounts falling due after more than one year	18		(104,210)		(51,717)
Provisions for liabilities
Deferred taxation	20	(96,586)		(320,595)
Other provisions	21	—		(122,370)
Net assets			16,224,328		14,832,105
Capital and reserves
Called up share capital	22		54,827,372		54,827,372
Share premium account	23		809,794		809,794
Profit and loss account	23		(39,412,838)		(40,805,061)
Equity attributable to owners of the Parent			16,224,328		14,832,105

The financial statements were approved and authorised for issue by the board and were signed on its behalf on

07 October 2026

P W N Cleverton

Director

The notes form part of these financial statements.

HIRERIGHT UK HOLDING LIMITED

Registered number: 07286646

Company Statement of Financial Position

As at 31 December 2025


	Note	2025	2025	2024	2024
		£	£	£	£
Fixed assets
Investments	14		54,728,672		54,028,025

Current assets
Debtors: amounts falling due within one year	15	4,185,398		5,799,960
Cash at bank and in hand	16	292,830		101,816
		4,478,228		5,901,776
Creditors: amounts falling due within one year	17	(7,524,719)		(7,958,244)
Net current liabilities			(3,046,491)		(2,056,468)
Total assets less current liabilities			51,682,181		51,971,557
Net assets			51,682,181		51,971,557
Capital and reserves
Called up share capital	22		54,827,372		54,827,372
Share premium account	23		809,794		809,794
Profit and loss account brought forward	23	(3,665,609)		(3,431,341)
Loss for the year		(289,376)		(234,268)
Profit and loss account carried forward			(3,954,985)		(3,665,609)
Total equity			51,682,181		51,971,557

The financial statements were approved and authorised for issue by the board and were signed on its behalf on

07 October 2026

P W N Cleverton

Director

The notes form part of these financial statements.

HIRERIGHT UK HOLDING LIMITED

Consolidated Statement of Changes in Equity

For the Year Ended 31 December 2025


	Called up share capital	Share premium account	Profit and loss account	Total equity
	£	£	£	£
At 1 January 2025	54,827,372	809,794	(40,805,061)	14,832,105
Comprehensive income for the year
Profit for the year	—	—	1,305,595	1,305,595
Currency translation differences	—	—	86,628	86,628
Other comprehensive income for the year	—	—	86,628	86,628
Total comprehensive income for the year	—	—	1,392,223	1,392,223
At 31 December 2025	54,827,372	809,794	(39,412,838)	16,224,328

Consolidated Statement of Changes in Equity

For the Year Ended 31 December 2024


	Called up share capital	Share premium account	Profit and loss account	Total equity
	£	£	£	£
At 1 January 2024	54,827,372	809,794	(43,470,235)	12,166,931
Comprehensive income for the year
Profit for the year	—	—	2,733,699	2,733,699
Currency translation differences	—	—	(68,525)	(68,525)
Other comprehensive expense for the year	—	—	(68,525)	(68,525)
Total comprehensive income for the year	—	—	2,665,174	2,665,174
At 31 December 2024	54,827,372	809,794	(40,805,061)	14,832,105

The notes form part of these financial statements.

HIRERIGHT UK HOLDING LIMITED

Company Statement of Changes in Equity

For the Year Ended 31 December 2025


	Called up share capital	Share premium account	Profit and loss account	Total equity
	£	£	£	£
At 1 January 2025	54,827,372	809,794	(3,665,609)	51,971,557
Comprehensive expense for the year
Loss for the year	—	—	(289,376)	(289,376)
Total comprehensive expense for the year	—	—	(289,376)	(289,376)
At 31 December 2025	54,827,372	809,794	(3,954,985)	51,682,181

Company Statement of Changes in Equity

For the Year Ended 31 December 2024


	Called up share capital	Share premium account	Profit and loss account	Total equity
	£	£	£	£
At 1 January 2024	54,827,372	809,794	(3,431,341)	52,205,825
Comprehensive expense for the year
Loss for the year	—	—	(234,268)	(234,268)
Total comprehensive expense for the year	—	—	(234,268)	(234,268)
At 31 December 2024	54,827,372	809,794	(3,665,609)	51,971,557

The notes form part of these financial statements.

HIRERIGHT UK HOLDING LIMITED

Consolidated Statement of Cash Flows

For the Year Ended 31 December 2025


	2025	2024
	£	£
Cash flows from operating activities
Profit for the financial year	1,305,595	2,733,699
Adjustments for:
Depreciation of tangible assets	920,606	1,000,250
Loss on disposal of tangible assets	375,649	62,265
Interest expense	495,174	572,960
Interest income	(231,221)	(247,567)
Taxation charge	380,018	538,496
Decrease/(increase) in debtors	1,686,875	(1,555,736)
Decrease in creditors	(833,341)	(4,866,088)
(Decrease)/increase in amounts owed to Group undertakings	(2,034,543)	900,118
Decrease in provisions	(122,370)	(967,902)
Share of operating profit in associates	(337,338)	(780,038)
Corporation tax paid	(674,374)	(799,036)
Net cash generated from/ (used in) operating activities	930,730	(3,408,579)

Cash flows from investing activities
Purchase of tangible and intangible assets	(903,578)	(2,223,026)
Net cash used in investing activities	(903,578)	(2,223,026)

Net increase/(decrease) in cash and cash equivalents	27,152	(5,631,605)
Cash and cash equivalents at beginning of year	8,660,968	14,313,596
Foreign exchange gains/(losses)	86,628	(21,023)
Cash and cash equivalents at the end of year (note 16)	8,774,748	8,660,968

Cash and cash equivalents at the end of year comprise:
Cash at bank and in hand	8,774,748	8,660,984
Bank overdrafts	—	(16)
	8,774,748	8,660,968

The notes form part of these financial statements.

HIRERIGHT UK HOLDING LIMITED

Notes to the Financial Statements

For the Year Ended 31 December 2025

1. General information

HireRight UK Holding Limited is a private company, limited by shares, incorporated in United Kingdom

under the Companies Act 2006. The address of the registered office is shown on the Company

Information page and the nature of the Company's operations and its principal activity is set out in the

Directors' Report.

2. Accounting policies

2.1 Basis of preparation of financial statements

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 Statement of Comprehensive Income in these financial

statements.

The presentation currency is pounds sterling and amounts presented in these financial statements

are rounded to the nearest pound.

The accounting policies have been applied consistently, other than where new policies have been

adopted.

The Parent has taken advantage of the following disclosure exemptions permitted by FRS 102:

– the requirements of Section 7 Statement of Cash Flows;

– the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);

– the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47,

11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c).

– the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a),

12.29 (b) and 12.29A; and

– the requirements of paragraph 33.7 in relation to the compensation of key

management personnel.

HIRERIGHT UK HOLDING LIMITED

Notes to the Financial Statements

For the Year Ended 31 December 2025

2.Accounting policies (continued)

The following principal accounting policies have been applied:

2.2 Basis of consolidation

The consolidated financial statements present the results of 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 Consolidated Statement of Financial Position, 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.

2.3 Going concern

As at 31 December 2025, the Group had cash balances of £8,774,748 (2024 - £8,660,984), amounts

owed by Group undertakings of £7,173,719 (2024 - £6,265,079), amounts owed to Group

undertakings in the amount of £4,598,161 (2024 - £5,724,064) and loan from a related corporation in

the amount of £7,388,802 (2024 - £7,442,045).

There are no formal repayment terms for the intercompany loans and intercompany balances. The

Directors have obtained confirmation from the Parent that the intercompany receivables will be

settled by HireRight LLC, if required, in order to allow the Group to meet their liabilities as they fall

due.

The Parent has confirmed that it has a clear understanding of the strategy and business plan of the

Group, including the Group's projected funding requirements for at least the next 12 months from

the date of financial statements. The Parent will provide financial support to the Group such that the

Group is able to operate as a going concern and to settle its liabilities as they fall due. This financial

support will include:

– not seeking the repayment of amounts advanced to the Group by the Parent and/or other

members of the Parent group unless adequate alternative financing has been secured by the

Group; and

– advancing further amounts to the Group as required by the Group.

In providing this assurance, the Parent has taken full account of its own funding requirements,

obligations and commitments for the same period as this letter covers. Further, the Parent has

undertaken that this will remain in place for the foreseeable future and will not be withdrawn during

a period of 12 months from the date of financial statements.

At the present time, taking into account the availability of financial support from the Group,

management considers the Group's position to be a going concern.

Management monitors the current worldwide political situation and any potential impact of conflicts

on the business and Group's operations.

HIRERIGHT UK HOLDING LIMITED

Notes to the Financial Statements

For the Year Ended 31 December 2025

2.Accounting policies (continued)

2.4 Turnover

Turnover represents amounts receivable for services net of VAT and trade discounts. Turnover is

recognised when testing services have been performed and the related screening report has been

provided to the customer.

2.5 Foreign currency translation, transaction and balances

Foreign currency transactions are translated into the functional currency using the spot exchange

rates at the dates of the transactions.

At each year end, foreign currency monetary items are translated using the closing rate. Non-

monetary items measured at historical cost are translated using the exchange rate at the date of

the transaction and non-monetary items measured at fair value are measured using the exchange

rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the

translation at period-end exchange rates of monetary assets and liabilities denominated in foreign

currencies are recognised in profit or loss except when deferred in other comprehensive income as

qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are

presented in the Consolidated Statement of Comprehensive Income within 'finance income or

costs'. All other foreign exchange gains and losses are presented in the Consolidated Statement of

Comprehensive Income within 'administrative expenses'.

On consolidation, the results of overseas operations are translated into Sterling at rates

approximating to those ruling when the transactions took place. All assets and liabilities of overseas

operations are translated at the rate ruling at the reporting date. Exchange differences arising on

translating the opening net assets at opening rate and the results of overseas operations at actual

rate are recognised in other comprehensive income.

2.6 Pensions

Defined contribution pension plan

The Group operates a defined contribution plan for its employees. A defined contribution plan is a

pension plan under which the Group pays fixed contributions into a separate entity. Once the

contributions have been paid, the Group has no further payment obligations.

The contributions are recognised as an expense in the Consolidated Statement of Comprehensive

Income when they fall due. Amounts not paid are shown in accruals as a liability in the

Consolidated Statement of Financial Position. The assets of the plan are held separately from the

Group in independently administered funds.

HIRERIGHT UK HOLDING LIMITED

Notes to the Financial Statements

For the Year Ended 31 December 2025

2.Accounting policies (continued)

2.7 Operating leases: the Group as lessee

Rentals paid under operating leases are charged to the Consolidated Statement of Comprehensive

Income on a straight-line basis over the lease term.

2.8 Interest receivable and similar income

Interest income is recognised in the Consolidated Statement of Comprehensive Income using the

effective interest method.

2.9 Interest payable and similar expenses

Finance costs are charged to the Consolidated Statement of Comprehensive Income over the term

of the debt using the effective interest method so that the amount charged is at a constant rate on

the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the

associated capital instrument.

2.10 Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss

except that a charge attributable to an item of income and expense recognised as other

comprehensive income or to an item recognised directly in equity is also recognised in other

comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been

enacted or substantively enacted by the reporting date in the countries where the Company and the

Group operate and generate income.

Deferred tax balances are recognised in respect of all timing differences that have originated but

not reversed by the reporting date, except that:

– The recognition of deferred tax assets is limited to the extent that it is probable that they will

be recovered against the reversal of deferred tax liabilities or other future taxable profits;

– Any deferred tax balances are reversed if and when all conditions for retaining associated

tax allowances have been met; and

– Where they relate to timing differences in respect of interests in subsidiaries, associates,

branches and joint ventures and the Group can control the reversal of the timing differences

and such reversal is not considered probable in the foreseeable future.

Deferred tax balances are not recognised in respect of permanent differences except in respect of

business combinations, when deferred tax is recognised on the differences between the fair values

of assets acquired and the future tax deductions available for them and the differences between the

fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is

determined using tax rates and laws that have been enacted or substantively enacted by the

reporting date.

HIRERIGHT UK HOLDING LIMITED

Notes to the Financial Statements

For the Year Ended 31 December 2025

2. Accounting policies (continued)

2.11 Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated

depreciation and any accumulated impairment losses. Historical cost includes expenditure that is

directly attributable to bringing the asset to the location and condition necessary for it to be capable

of operating in the manner intended by management.

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:


Land and buildings leasehold	– 3 years straight line
Asset retirement obligations	– Same as the respective asset
Fixtures, fittings and equipment	– 3 to 5 years
Computer equipment	– 3 years
Construction in progress	– not depreciated

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 Statement of Comprehensive Income.

2.12 Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Associates are all entities over which the Group has significant influence but not control,

accompanying a shareholding of between 20 and 50 per cent of the voting rights or based on the

representation on the Board of Directors. Investments in associates are accounted for using the

equity method of accounting.

2.13 Impairment of fixed assets

At each reporting period end date, the Group reviews the carrying amount of its tangible 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 pretax

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.

HIRERIGHT UK HOLDING LIMITED

Notes to the Financial Statements

For the Year Ended 31 December 2025

2.Accounting policies (continued)

2.13 Impairment of fixed assets (continued)

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 Statement

of Comprehensive Income, 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 Statement of

Comprehensive Income, 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.

2.14 Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are

measured initially at fair value, net of transaction costs, and are measured subsequently at

amortised cost using the effective interest method, less any impairment.

2.15 Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without

penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that

mature in no more than three months from the date of acquisition and that are readily convertible to

known amounts of cash with insignificant risk of change in value.

In the Consolidated Statement of Cash Flows, cash and cash equivalents are shown net of bank

overdrafts that are repayable on demand and form an integral part of the Group's cash

management.

2.16 Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank

loans, are measured initially at fair value, net of transaction costs, and are measured subsequently

at amortised cost using the effective interest method.

2.17 Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive

obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

Provisions are measured as the best estimate of the amount required to settle the obligation, taking

into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to the Consolidated Statement of

Comprehensive Income.

HIRERIGHT UK HOLDING LIMITED

Notes to the Financial Statements

For the Year Ended 31 December 2025

2.Accounting policies (continued)

2.18 Equity instruments

Equity instruments issued by the Group are recorded at the proceeds received, net of direct issue

costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer

at the discretion of the Group.

2.19 Financial instruments

The Group has elected to apply the provisions of Section 11 'Basic Financial Instruments' and

Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Balance Sheet when the Group becomes party to the

contractual provisions of the instrument.

Financial assets and liabilities are offset and 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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at

transaction price including transaction costs and are subsequently carried at amortised cost using

the effective interest method unless the arrangement constitutes financing transaction, where the

transaction is measured at the present value of the future receipts discounted at a market rate of

interest. Financial assets classified as receivable within one year are not amortised.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for

indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more

events that occurred after the initial recognition of the financial asset, the estimated future cash

flows have been affected. 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 the Consolidated Statement of

Comprehensive Income.

If there is a decrease in the impairment loss arising from an event occurring after the impairment

was recognised, the impairment is reversed. The reversal is such that the current carrying amount

does not exceed what the carrying amount would have been, had the impairment not previously

been recognised. The impairment reversal is recognised in the Consolidated Statement of

Comprehensive Income.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset

expire or are settled, or when the Group transfers the financial asset and substantially all the risks

and rewards of ownership to another entity, or if some significant risks and rewards of ownership

are retained but control of the asset has transferred to another party that is able to sell the asset in

its entirety to an unrelated third party.

HIRERIGHT UK HOLDING LIMITED

Notes to the Financial Statements

For the Year Ended 31 December 2025

2. Accounting policies (continued)

2.19 Financial instruments (continued)

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the

contractual arrangements entered into. An equity instrument is any contract that evidences a

residual interest in the assets of the Group after deducting all of its liabilities.

Basic financial liabilities, including creditors and loans from fellow Group companies are initially

recognised at transaction price unless the arrangement constitutes a financing transaction, where

the debt instrument is measured at the present value of the future receipts discounted at a market

rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary

course of business from suppliers. Amounts payable are classified as current liabilities if payment is

due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are

recognised initially at transaction price and subsequently measured at amortised cost using the

effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Group's contractual obligations expire or are

discharged or cancelled.

3. Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of the Group's accounting policies, the management are required to make judgements

estimate and assumptions about the carrying amount of assets and liabilities that are not readily

apparent from other sources. The estimates and associated assumptions are based on historical

experience and other factors that are considered to be relevant. Actual results may differ from these

estimates.

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. The Directors do not consider there to be any critical accounting judgements, estimates

or assumptions made in the preparation of these financial statements.

4. Turnover

The whole of the turnover is attributable to the principal activities of the Group.

Analysis of turnover by country of destination:


	2025	2024
	£	£
United Kingdom	26,532,407	17,691,049
Rest of Europe	11,391,390	7,868,606
Rest of World	18,999,116	26,095,758
	56,922,913	51,655,413

HIRERIGHT UK HOLDING LIMITED

Notes to the Financial Statements

For the Year Ended 31 December 2025

5.Other operating income


	2025	2024
	£	£
Change in the provision for lease cease liability	61,992	967,902
Subrental lease income	280,192	(2,454)
Foreign exchange differences	—	30,949
Other operating income	507	1,590
	342,691	997,987

6.Operating profit


	2025	2024
	£	£
Depreciation of tangible assets	920,606	1,000,250
Currency exchange gain	(14,659)	(30,949)
Operating lease rentals	845,729	827,109
Reorganisation costs	170,730	925,979

Reorganisation costs represent ex-gratia (severance) payments made to resigning Directors during 2025

and 2024.

7.Auditors' remuneration


	2025	2024
	£	£
Fees payable to the Group's auditors for the audit of the Group's annual financial statements	99,533	87,000
Fees payable for the audit of Company's subsidiaries' annual financial statements	152,251	141,000
	251,784	228,000

The directors have agreed with the group's auditors that the auditor's liability to damages for breach of duty

in relation to the audit of the group's financial statements for the year to 31 December 2025 should be

limited to the greater of £5 million or 5 times the auditor's fees, and that in any event the auditor's liability for

damages should be limited to that part of any loss suffered by the group as is just and equitable having

regard to the extent to which the auditor, the group and any third parties are responsible for the loss in

question. The shareholders approved this limited liability agreement, as required by the Companies Act

2006, by a resolution dated 7 May 2026.

HIRERIGHT UK HOLDING LIMITED

Notes to the Financial Statements

For the Year Ended 31 December 2025

8. Employees

Staff costs, including Directors' remuneration, for the Group were as follows:


	2025	2024
	£	£
Wages and salaries	20,275,513	16,033,998
Social security costs	3,166,748	3,110,220
Other pension costs	466,601	609,528
	23,908,862	19,753,746

The average monthly number of employees, including the Directors, during the year for the Group was as

follows:


	2025	2024
	Number	Number
Operational	399	453
Administration	218	169
	617	622

The Company has no employees other than the Directors (2024 - None).

9. Directors' remuneration


	2025	2024
	£	£
Directors emoluments	690,387	703,424
Company contributions to defined contribution pension schemes	19,240	18,137
	709,627	721,561

During the year, retirement benefits were accruing to 2 Directors (2024 - 2) in respect of defined

contribution pension schemes.

The highest paid Director received remuneration of £409,433 (2024 - £396,401).

The value of the Group's contributions paid to a defined contribution pension scheme in respect of the

highest paid Director amounted to £10,685 (2024 - £9,644 ).

During 2024, the emoluments of Mr T Spaeth were paid by group company HireRight LLC and

recharged to the Group as part of a management charge. This management charge also included a

recharge of administration costs borne by HireRight LLC on behalf of the Group, and it was therefore

not possible to separately identify the amount of Mr T Spaeth’s emoluments.

HIRERIGHT UK HOLDING LIMITED

Notes to the Financial Statements

For the Year Ended 31 December 2025

10.Interest receivable and similar income


	2025	2024
	£	£
Interest receivable from Group companies	231,221	239,997
Other interest receivable	—	7,570
	231,221	247,567

11.Interest payable and similar expenses


	2025	2024
	£	£
Other interest payable	33,675	31,563
Interest payable to Group companies	461,499	541,397
	495,174	572,960

12.Tax on profit


	2025	2024
	£	£
UK corporation tax
Current tax on profits for the year	345,604	—
Adjustments in respect of previous periods	86,670	(37,143)
Foreign tax on income for the year	97,409	73,655
Other	—	(40,303)
Total current tax	529,683	(3,791)
Deferred tax
Origination and reversal of timing differences	(123,858)	533,058
Adjustments in respect of previous periods	(25,807)	5,868
Foreign exchange	—	3,361
Total deferred tax	(149,665)	542,287

Total taxation charge on profit	380,018	538,496

HIRERIGHT UK HOLDING LIMITED

Notes to the Financial Statements

For the Year Ended 31 December 2025

12.Tax on profit (continued)

Factors affecting tax charge for the year

The tax assessed for the year is lower than (2024 - lower than) the standard rate of corporation tax in the

UK of 25% (2024 - 25%). The differences are explained below:


	2025	2024
	£	£
Profit before tax	1,685,613	3,272,195
Profit multiplied by standard rate of corporation tax in the UK of 25% (2024 - 25%)	421,151	818,049
Effects of:
Expenses not deductible for tax purposes	112,433	82,199
Adjustments in respect of previous periods	—	—
Changes in tax rates	—	—
Non-taxable income	(95,156)	(227,805)
Movement in unrecognised deferred tax	(58,139)	10,921
Others	(32,987)	—
Prior year adjustment	60,781	(31,275)
Effects of overseas tax rates	(29,335)	(69,684)
Foreign exchange	1,270	(43,909)
Total tax charge for the year	380,018	538,496

Factors that may affect future tax charges

The deferred taxation balances have been measured using 25%, which is the enacted rate applicable in

the reporting periods when the timing differences reverse.

HIRERIGHT UK HOLDING LIMITED

Notes to the Financial Statements

For the Year Ended 31 December 2025

13.Tangible fixed assets

Group


	Land and buildings leasehold	Fixtures and fittings	Computer equipment	Construction in progress	Total
	£	£	£	£	£
Cost
At 1 January 2025	803,161	341,688	7,492,720	33,010	8,670,579
Additions	—	80,742	323,685	499,151	903,578
Disposals	—	(40,621)	—	(353,377)	(393,998)
Transfers between classes	5,953	11,145	76,116	(93,214)	—
At 31 December 2025	809,114	392,954	7,892,521	85,570	9,180,159

Accumulated Depreciation
At 1 January 2025	692,181	289,903	5,691,284	—	6,673,368
Charge for the year	91,177	35,265	794,164	—	920,606
Disposals	—	(18,350)	—	—	(18,350)
At 31 December 2025	783,358	306,818	6,485,448	—	7,575,624

Net book value
At 31 December 2025	25,756	86,136	1,407,073	85,570	1,604,535
At 31 December 2024	110,980	51,785	1,801,436	33,010	1,997,211

HIRERIGHT UK HOLDING LIMITED

Notes to the Financial Statements

For the Year Ended 31 December 2025

14.Investments

Group


	Investments in associates
	£
Cost or valuation
At 1 January 2025	1,581,114
Share of retained profits	337,338
At 31 December 2025	1,918,452

The following was an associate of the Company:


Associate	Registered office	Principal activity	Class of shares	Holding
HR IN	Off 701, The Capital,	Employee	Ordinary	50%
	B-Block, Bandra Kurla	screening
	Complex Behind ICICI	services
	Bank, Plot-C-70 Bandra
	East Mumbai -40005, India

HireRight Background Screening India LLP ("HR India") is a Limited Liability Partnership domiciled in

India and incorporated on 14th February 2018, and equally owned by HR SG and HireRight LLC. As at

31 December 2025, HR SG has 50% share in HR IN (50% as at 31 December 2024). Remaining 50% of

shares is under control of HireRight LLC. Based on the agreement between the owners, HR SG has 20%

share in net profit and HireRight LLC has 80% share in net profit of HR IN.

Set out below is the summarised financial information for the associate that is material to the Group:

Non-current assets were £869,100 (2024 - £1,162,904).

Current assets were £6,387,916 (2024 - £4,491,317).

Current liabilities were £1,895,022 (2024 - £1,476,048).

Net assets were £4,718,456 (2024 - £4,131,269).

Turnover for the year was £17,785,307 (2024 - £17,389,368).

The net result for the year was £1,686,692 (2024 - £1,560,076).

The share in result was £337,338 (2024 - £780,038).

HIRERIGHT UK HOLDING LIMITED

Notes to the Financial Statements

For the Year Ended 31 December 2025

14.Investments (continued)

Company



	Investments in subsidiary companies
Cost or valuation	£
At 1 January 2025	54,028,025
Capital infusion (HR ME)	700,647
At 31 December 2025	54,728,672

HR SG generated a profit for the year ended 31 December 2025 of £64,126 (2024 - £54,789).

HR ME generated a loss for the year ended 31 December 2025 of £24,385 (2024 - £2,743).

HR HK generated a loss for the year ended 31 December 2025 of £12,750 (2024 - £2,294).

HR LTD generated a profit for the year ended 31 December 2025 of £1,771,075 (2024 - £1,502,040).

HR PL generated a profit for the year ended 31 December 2025 of £387,247 (2024 - £835,765).

Subsidiary undertakings

The following were subsidiary undertakings of the Company:


Name	Registered office	Principal activity	Class of shares	Holding
HR SG	38 Beach Road #29-11, South Beach Tower, Singapore 189767	Employee screening services	Ordinary	100%
HR ME	Unit No: 15-PF-12, Detached Retail 15, Plot No: JTL-PH1-RET- 15, Jumeirah Lakes Towers, Dubai, United Arab Emirates	Employee screening services	Ordinary	100%
HR HK	2303-7 Dominion Centre, 43-59 Queen's Road Eats, Hong Kong	Employee screening services	Ordinary	100%
HR LTD	20 Water Street Canary Wharf, London, E14 5GX	Employee screening services	Ordinary	100%
HR PL	Uniwersytecka 18, 40- 007 Katowice, Poland	Employee screening services	Ordinary	100%

HIRERIGHT UK HOLDING LIMITED

Notes to the Financial Statements

For the Year Ended 31 December 2025

15.Debtors


	Group	Group	Company	Company
	2025	2024	2025	2024
	£	£	£	£
Due after more than one year
Other debtors	358,599	327,181	—	—

	Group	Group	Company	Company
	2025	2024	2025	2024
	£	£	£	£
Due within one year
Trade debtors	9,298,941	11,232,255	—
Amounts owed by Group undertakings	7,173,719	6,265,079	350,000	1,551,366
Loan to related parties	2,748,174	2,786,978	3,626,704	4,082,615
Other debtors	349,761	367,704	—	—
Corporation tax recoverable	578,709	432,666	208,694	165,979
Deferred taxation (note 20)	135,733	211,429	—	—
Prepayments and accrued income	1,617,962	1,114,973	—	—
	21,902,999	22,411,084	4,185,398	5,799,960

Trade debtors are stated after provisions for impairment of £948,452 (2024 - £771,159).

Amounts owed by Group undertakings are unsecured, interest free, have no fixed date of repayment and

are repayable on demand.

16.Cash at bank and in hand


	Group	Group	Company	Company
	2025	2024	2025	2024
	£	£	£	£
Cash at bank	8,774,748	8,660,984	292,830	101,816
Less: bank overdrafts	—	(16)	—	—
	8,774,748	8,660,968	292,830	101,816

HIRERIGHT UK HOLDING LIMITED

Notes to the Financial Statements

For the Year Ended 31 December 2025

17.Creditors: amounts falling due within one year


	Group	Group	Company	Company
	2025	2024	2025	2024
	£	£	£	£
Bank overdrafts	—	16	—	—
Trade creditors	255,156	723,355	—	—
Deferred rent	—	137,532	—	—
Amounts owed to Group undertakings	4,598,161	5,724,064	—	—
Loans from related parties	7,388,802	7,442,045	7,508,460	7,938,317
Corporation tax	11,352	—	—	—
Other taxation and social security	672,046	1,349,743	—	—
Other creditors	—	14,205	—	—
Accruals	5,208,692	4,259,827	16,259	19,927
	18,134,209	19,650,787	7,524,719	7,958,244

Amounts due to Group undertakings are unsecured, interest free, have no fixed date of repayment and

are repayable on demand.

The loans from related corporations are unsecured, repayable on demand and subject to interest rate

3.77% to 8.41% (2024 - 5.01% to 8.88%).

18.Creditors: amounts falling due after more than one year


	Group	Group
	2025	2024
	£	£
Accruals	104,210	51,717

HIRERIGHT UK HOLDING LIMITED

Notes to the Financial Statements

For the Year Ended 31 December 2025

19.Financial instruments


	Group	Group
	2025	2024
	£	£
Financial assets
Financial assets that are debt instruments measured at amortised cost	19,929,194	20,979,197

Financial assets that are debt instruments measured at amortised cost comprise trade debtors, amounts

owed by Group undertakings, loan to related parties and other debtors.


	Group	Group
	2025	2024
	£	£
Financial liabilities
Financial liabilities measured at amortised cost	(17,450,811)	(18,163,496)

Financial liabilities measured at amortised cost comprise trade creditors, amounts owed to Group

undertakings, loans from related corporations, other creditors and accruals.

HIRERIGHT UK HOLDING LIMITED

Notes to the Financial Statements

For the Year Ended 31 December 2025

20. Deferred tax


	Group
	2025
	£
At 1 January 2025	(109,166)
Credited to profit or loss	123,776
Foreign exchange	(1,270)
Adjustment in respect of previous periods	25,807
At 31 December 2025	39,147

The deferred tax balance is made up as follows:


	Group
	2025
	£
Capital allowances in excess of depreciation	(89,925)
Short term timing differences	129,072
	39,147

Comprising:
Asset	135,733
Liability	(96,586)
	39,147

HIRERIGHT UK HOLDING LIMITED

Notes to the Financial Statements

For the Year Ended 31 December 2025

21. Other provisions


	Group
	Lease cease liability
	£
At 1 January 2025	122,370
Amount utilised	(61,992)
Reclassification	(60,378)
At 31 December 2025	—

The Group periodically identifies opportunities for cost savings through office consolidations or by exit

from certain underutilized facilities. As a result, the Company has physically exited its London Canary

Wharf facility (100%) on December 31, 2021. This operating lease is still in effect until March 2026. As

at 31 December 2025 and 31 December 2024, the Group calculated the gross liability as the net

present value of future rental payments and recurring executory costs, net of sublease income. Rental

income is calculated based on rent fee per square meter of total subleased area.

As a result, at December 31, 2025, the Group recognises a net liability in the amount of £Nil (2024 -

£122,370), out of which £Nil (2024 - £58,907) refers to short term liability, and £Nil (2024 - £63,463)

refers to long term liability. As at 31 December 2025, a liability for costs that will continue to be incurred

under a contract for its remaining term without economic benefit to the entity have been recognized and

measured at its fair value at 0%, the risk-free rate (3.99% as at 31 December 2024).

22.Called up share capital

Group and Company


	2025	2024
Allotted, called up and fully paid	£	£
54,827,372 (2024 - 54,827,372) Ordinary shares of £1.00 each	54,827,372	54,827,372

There is one vote for each share held, and shares rank equally for voting purposes.

HIRERIGHT UK HOLDING LIMITED

Notes to the Financial Statements

For the Year Ended 31 December 2025

23.Reserves

The Group and Company's capital and reserves are as follows:

Called up share capital

Called up share capital represents the nominal value of shares issued.

Share premium account

The share premium accounts represents the premium on issue of equity shares, net of any issue costs.

Profit and loss account

The profit and loss account represents cumulative profits and losses, net of dividends paid and other

adjustments.

24.Analysis of net debt


	At 1 January 2025	Cash flows	Other non-cash changes	At 31 December 2025
	£	£	£	£
Cash at bank and in hand	8,660,984	27,136	86,628	8,774,748
Bank overdrafts	(16)	16	—	—
Loans from related parties	(7,442,045)	—	53,243	(7,388,802)
	1,218,923	27,152	139,871	1,385,946

25.Pension commitments

The Group operates a defined contribution 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 £466,601 (2024 -

£609,528). Contributions totalling £33,476 (2024 - £500,054) were payable to the fund at the reporting

date and are included in creditors.

HIRERIGHT UK HOLDING LIMITED

Notes to the Financial Statements

For the Year Ended 31 December 2025

26.Commitments under operating leases

At 31 December 2025, the Group had future minimum lease payments due under non-cancellable

operating leases for each of the following periods:


	Group	Group
	2025	2024
	£	£
Not later than 1 year	459,470	1,064,621
Later than 1 year not later than 5 years	122,565	554,914
	582,035	1,619,535

27.Related party transactions

The Group and the Company have taken advantage of the exemption available in section 33.1A of FRS

102 whereby any transactions with the Parent or any wholly owned subsidiary of the Group are not

disclosed.

The balances outstanding with other Parent subsidiaries are listed in notes 15 and 17.

There are no other related party transactions with key management personnel, entities that have joint

control or significant influence over the entity, or other related parties.

28.Events after the financial year

There have been no significant events affecting the Group since the year end.

29.Controlling party

The immediate parent undertaking is HireRight, LLC.

The Company is ultimately owned by the Parent and the majority shareholders of the Parent are

investment funds managed by General Atlantic LLC and Stone Point Capital LLC.

The smallest and largest groups in which results of the Group are consolidated is the Parent.

Consolidated financial statements of the Parent are available at 600 Third Avenue, New York, NY 10016.


Directors	P W N Cleverton
	Ryan Lowe
	C Smith

Registered Number	07286646

Registered office	20 Water Street
	Canary Wharf
	London
	England
	E14 5GX

Independent auditors	PricewaterhouseCoopers LLP
	1 Embankment Place
	London
	United Kingdom
	WC2N 6RH


	Page/s
Group Strategic Report	1
Directors' Report	4
Directors' Responsibilities Statement	8
Independent Auditor's Report	9
Consolidated Statement of Comprehensive Income	13
Consolidated Statement of Financial Position	14
Company Statement of Financial Position	15
Consolidated Statement of Changes in Equity	16
Company Statement of Changes in Equity	17
Consolidated Statement of Cash Flows	18
Notes to the Financial Statements	19