Registered number: 05672094
For the year ended 31 January 2026
Green Park Interim & Executive Limited
Company Information
Green Park Interim & Executive Limited
Contents
Green Park Interim & Executive Limited
Group strategic report
For the year ended 31 January 2026
The Directors present their strategic report for the year ended 31 January 2026.
About Green Park
Since its establishment in 2006, Green Park has built a leading reputation as a specialist leadership advisory and talent solutions business. The Group partners with organisations across the Private, Public and Third Sectors to identify, attract and develop exceptional leadership talent, while supporting clients in creating more diverse, inclusive and effective organisations.
Our services span Executive Search, Interim Management, Board Advisory, Diversity, Culture and Inclusion Consulting and wider People Solutions. Through a combination of deep sector expertise, extensive candidate networks, research capability and data-driven insight, Green Park delivers tailored solutions designed to help clients navigate complex organisational and workforce challenges.
Over the last eighteen years, the Group has continued to invest in its people, technology, data and market intelligence capabilities, enabling Green Park to differentiate itself through service quality and measurable client outcomes.
Principal activities
The principal activities of the Group and Company are split in the following areas:
About Green Park
Since its establishment in 2006, Green Park has built a leading reputation as a specialist leadership advisory and talent solutions business. The Group partners with organisations across the Private, Public and Third Sectors to identify, attract and develop exceptional leadership talent, while supporting clients in creating more diverse, inclusive and effective organisations.
Our services span Executive Search, Interim Management, Board Advisory, Diversity, Culture and Inclusion Consulting and wider People Solutions. Through a combination of deep sector expertise, extensive candidate networks, research capability and data-driven insight, Green Park delivers tailored solutions designed to help clients navigate complex organisational and workforce challenges.
Over the last eighteen years, the Group has continued to invest in its people, technology, data and market intelligence capabilities, enabling Green Park to differentiate itself through service quality and measurable client outcomes.
Principal activities
The principal activities of the Group and Company are split in the following areas:
∙Executive Search
∙Interim Management
∙Board Advisory
∙Diversity, Culture and Inclusion
Our Differentiated Approach
Green Park believes that diversity, inclusion and leadership excellence are fundamental drivers of organisational performance and long-term success.
The Group’s approach is differentiated through:
Green Park believes that diversity, inclusion and leadership excellence are fundamental drivers of organisational performance and long-term success.
The Group’s approach is differentiated through:
∙Extensive and diverse leadership networks developed through years of specialist market mapping.
∙Independent diversity search conducted alongside all leadership mandates.
∙Proprietary research, analytics and market intelligence capabilities.
∙A culture of partnership, accountability and long-term client relationships.
∙Deep expertise across Private, Public and Third Sector markets.
These differentiators continue to underpin Green Park’s market position and support the delivery of sustainable value to clients and stakeholders.
CREED: Our values
Green Park’s culture is built around its core values of Courage, Rigour, Empathy, Energy and Diversity.
These values define how we engage with colleagues, clients, candidates and wider stakeholders. They guide decision-making throughout the organisation and underpin our ambition to set a modern benchmark for customer service and leadership advisory excellence.
Courage, Rigor, Empathy, Energy and Diversity.
Our collective vision is simple: to set a modern benchmark for customer service in the senior recruitment industry, consistently treating candidates and clients with the respect and consideration that they deserve.
Green Park’s culture is built around its core values of Courage, Rigour, Empathy, Energy and Diversity.
These values define how we engage with colleagues, clients, candidates and wider stakeholders. They guide decision-making throughout the organisation and underpin our ambition to set a modern benchmark for customer service and leadership advisory excellence.
Courage, Rigor, Empathy, Energy and Diversity.
Our collective vision is simple: to set a modern benchmark for customer service in the senior recruitment industry, consistently treating candidates and clients with the respect and consideration that they deserve.
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Green Park Interim & Executive Limited
Group strategic report (continued)
For the year ended 31 January 2026
Strategy and Objectives
The Group’s strategy remains focused on building a differentiated and profitable leadership advisory and talent solutions business.
The Board’s principal strategic objectives are:
The Group’s strategy remains focused on building a differentiated and profitable leadership advisory and talent solutions business.
The Board’s principal strategic objectives are:
∙Deliver sustainable profitable growth.
∙Increase the proportion of higher-margin Executive Search and Advisory revenues.
∙Deepen relationships with existing clients while expanding market share.
∙Continue investing in technology, research and data capabilities.
∙Maintain strong cash generation and disciplined cost management.
∙Support clients in delivering diverse and inclusive leadership outcomes.
Green Park’s long-standing commitment to diversity, leadership excellence and client service remains a key competitive advantage and continues to differentiate the Group within an increasingly competitive recruitment market.
Market Review
The recruitment and leadership advisory market remained challenging throughout FY25. Elevated interest rates, inflationary pressures, constrained public sector budgets and weaker business confidence contributed to lower levels of hiring activity across many sectors.
Throughout the year, organisations adopted increasingly cautious recruitment strategies, resulting in reduced hiring volumes, extended decision-making timelines and heightened competition for a smaller number of opportunities. These conditions were particularly evident within executive recruitment and interim management markets, where clients delayed strategic appointments and transformation programmes.
Despite these challenges, demand remained comparatively resilient within specialist areas including governance, digital transformation, sustainability, data and risk management. Employers continued to seek experienced leaders capable of driving organisational transformation, enhancing operational effectiveness and managing increasingly complex regulatory environments.
In response to these conditions, the company focused on improving productivity, reducing operating costs and protecting profitability rather than pursuing volume-led revenue growth.
While economic uncertainty remains, there are signs that market activity is beginning to stabilise. Inflationary pressures have moderated, financing conditions have improved and overall business confidence is gradually recovering. While near-term conditions remain challenging, the Directors remain cautiously optimistic regarding future market opportunities.
Results for the Financial Year
Revenue for the year decreased to £13.8m (2025: £19.0m). The reduction primarily reflected lower levels of interim recruitment activity amid challenging market conditions and more cautious client hiring behaviour.
Net Fee Income reduced to £8.9m (2025: £10.4m). While market activity remained subdued, the Group continued to focus on increasing the proportion of higher-margin Executive Search and Advisory assignments, helping to mitigate the impact of lower revenues.
During the year, management undertook a number of initiatives to simplify operating structures, improve productivity and align the Group’s cost base with prevailing market conditions. These actions resulted in operating costs being reduced to £8.2m (2025: £10.0m).
As a consequence of these actions, operating profit increased to £0.6m (2025: £0.4m), demonstrating the resilience of the Group’s operating model and management’s ability to respond effectively to changing market conditions.
Market Review
The recruitment and leadership advisory market remained challenging throughout FY25. Elevated interest rates, inflationary pressures, constrained public sector budgets and weaker business confidence contributed to lower levels of hiring activity across many sectors.
Throughout the year, organisations adopted increasingly cautious recruitment strategies, resulting in reduced hiring volumes, extended decision-making timelines and heightened competition for a smaller number of opportunities. These conditions were particularly evident within executive recruitment and interim management markets, where clients delayed strategic appointments and transformation programmes.
Despite these challenges, demand remained comparatively resilient within specialist areas including governance, digital transformation, sustainability, data and risk management. Employers continued to seek experienced leaders capable of driving organisational transformation, enhancing operational effectiveness and managing increasingly complex regulatory environments.
In response to these conditions, the company focused on improving productivity, reducing operating costs and protecting profitability rather than pursuing volume-led revenue growth.
While economic uncertainty remains, there are signs that market activity is beginning to stabilise. Inflationary pressures have moderated, financing conditions have improved and overall business confidence is gradually recovering. While near-term conditions remain challenging, the Directors remain cautiously optimistic regarding future market opportunities.
Results for the Financial Year
Revenue for the year decreased to £13.8m (2025: £19.0m). The reduction primarily reflected lower levels of interim recruitment activity amid challenging market conditions and more cautious client hiring behaviour.
Net Fee Income reduced to £8.9m (2025: £10.4m). While market activity remained subdued, the Group continued to focus on increasing the proportion of higher-margin Executive Search and Advisory assignments, helping to mitigate the impact of lower revenues.
During the year, management undertook a number of initiatives to simplify operating structures, improve productivity and align the Group’s cost base with prevailing market conditions. These actions resulted in operating costs being reduced to £8.2m (2025: £10.0m).
As a consequence of these actions, operating profit increased to £0.6m (2025: £0.4m), demonstrating the resilience of the Group’s operating model and management’s ability to respond effectively to changing market conditions.
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Green Park Interim & Executive Limited
Group strategic report (continued)
For the year ended 31 January 2026
Current Trading
Unaudited management accounts for the seven months ended August 2026
Unaudited management accounts for the seven months ended August 2026
The group’s market backdrop continued to experience challenging market conditions. Against this backdrop, Green Park has continued to focus on operational discipline, consultant productivity and disciplined cost management. These actions implemented during FY25 have significantly improved profitability while creating a more efficient and scalable operating platform.
I am pleased to report on improved group profitability in the current financial year. In the 7-month period to Aug 26 group NFI increased by 7% to £5.3m (2025: £4.9m) and EBITDA increased by £116k to £457k (2025: £ £340k).
While management expects market conditions to remain challenging in the near term, the Directors are encouraged by the Group’s improved profitability and remain confident that Green Park is well positioned to benefit from any recovery in recruitment activity.
I am pleased to report on improved group profitability in the current financial year. In the 7-month period to Aug 26 group NFI increased by 7% to £5.3m (2025: £4.9m) and EBITDA increased by £116k to £457k (2025: £ £340k).
While management expects market conditions to remain challenging in the near term, the Directors are encouraged by the Group’s improved profitability and remain confident that Green Park is well positioned to benefit from any recovery in recruitment activity.
Cashflow and Balance Sheet
The Group continues to maintain a prudent approach to working capital and cash management.
Net cash generated from operating activities during the year was £0.5m (2025:£0.5m). Trade receivables at the year end were £1.6m (2025: £2.1m), reflecting the reduction of turnover during the year.Net cash outflow from financing activities was an outflow of £0.5m (2025: £1.1m outflow).
The Directors continue to monitor cash flow and liquidity closely and remain satisfied that the Group maintains appropriate resources to support ongoing operations and future growth.
Going Concern
After reviewing the Group’s current financial position, cash resources, budgets and forecasts, and considering the principal risks facing the business, the Directors have a reasonable expectation that the Group possesses adequate resources to continue operating for the foreseeable future.
Accordingly, the Directors continue to adopt the going-concern basis in preparing the financial statements.
Principal Risks and Uncertainties
The Board continually reviews the risks facing the business and maintains procedures for monitoring and mitigating those risks. The principal risks affecting the Group are set out below.
Financial Risk
The principal financial risks comprise liquidity, working capital management, interest rate exposure and credit risk. The Board monitors these risks regularly through monthly management information and cash flow forecasting.
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Green Park Interim & Executive Limited
Group strategic report (continued)
For the year ended 31 January 2026
Market and Economic Risk
Demand for leadership recruitment and advisory services remains closely linked to wider economic conditions and business confidence. Prolonged economic uncertainty could adversely affect client hiring activity and recruitment expenditure.
The Group mitigates this risk through service diversification, sector diversification and maintaining a balanced revenue mix across Executive Search, Interim Management, Advisory and Consulting services.
People Risk
The Group’s people remain its most valuable asset. The ability to recruit, develop and retain high-performing employees is fundamental to long-term success. The departure of key consultants or leaders could adversely affect performance.
Green Park seeks to mitigate this risk through competitive remuneration arrangements, a strong values-driven culture, professional development opportunities and long-term employee engagement initiatives.
Key Performance Indicators
The Board uses a range of operational and financial key performance indicators to monitor business performance, including:
These key performance indicators are reviewed regularly by the Board and form part of the Group’s annual planning and performance management processes.
Outlook
While recruitment markets remain challenging, the Board believes Green Park is well positioned to benefit from a future market recovery.
The Group has improved its profitability, simplified its operating model and maintained its differentiated market position. The Directors remain focused on delivering sustainable growth, strengthening client relationships and expanding higher-margin service lines, while continuing to maintain a disciplined approach to cost management and cash generation.
The Board remains confident in the Group’s long-term prospects and its ability to create value for shareholders, employees, clients and wider stakeholders.
Outlook
While recruitment markets remain challenging, the Board believes Green Park is well positioned to benefit from a future market recovery.
The Group has improved its profitability, simplified its operating model and maintained its differentiated market position. The Directors remain focused on delivering sustainable growth, strengthening client relationships and expanding higher-margin service lines, while continuing to maintain a disciplined approach to cost management and cash generation.
The Board remains confident in the Group’s long-term prospects and its ability to create value for shareholders, employees, clients and wider stakeholders.
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Green Park Interim & Executive Limited
Group strategic report (continued)
For the year ended 31 January 2026
This report was approved by the board and signed on its behalf.
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Green Park Interim & Executive Limited
Directors' report
For the year ended 31 January 2026
The directors present their report and the financial statements for the year ended 31 January 2026.
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 judgements and accounting estimates that are reasonable and prudent;
∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
∙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 £474,459 (2025 - 252,551).
The directors who served during the year were:
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Green Park Interim & Executive Limited
Directors' report (continued)
For the year ended 31 January 2026
The auditors, Kreston Reeves Audit LLP, 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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Green Park Interim & Executive Limited
Independent auditors' report to the members of Green Park Interim & Executive Limited
We have audited the financial statements of Green Park Interim & Executive Limited (the 'Parent Company') and its subsidiaries (the 'Group') for the year ended 31 January 2026, which comprise the Consolidated statement of comprehensive income, 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).
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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Green Park Interim & Executive Limited
Independent auditors' report to the members of Green Park Interim & Executive 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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Green Park Interim & Executive Limited
Independent auditors' report to the members of Green Park Interim & Executive 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:
Capability of the audit in detecting irregularities, including fraud
The objectives of our audit are to identify and assess the risks of material misstatement of the financial statements due to fraud or error, to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud or error; and to respond appropriately to those risks.
Based on our understanding of the group and industry, and through our discussion with the directors and management (as required by auditing standards), we identified that the principal risks of non-compliance with laws and regulations related to health and safety, anti-bribery and employment law. We considered the extent to which non-compliance with laws and regulations that have an impact on the preparation of the financial statements such as Companies Act 2006, taxation and pension legislation. We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit. 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 accounting estimates and the inappropriate posting of journals. Audit procedures performed by the group engagement team included:
∙Discussions with management and assessment of known or suspected instances of non-compliance with laws and regulations and fraud: and
∙Assessment of identified fraud risk factors: and
∙Challenging assumptions and judgements made by management in its significant accounting estimates; and
∙Performing analytical procedures to identify any unusual or unexpected relationships, including related party transactions, that may indicate risks of material misstatement due to fraud; and
∙Confirmation of related parties with management, and review of transactions throughout the period to identify any previously undisclosed transactions with related parties outside the normal course of business; and
∙Reading minutes of those charged with governance and reviewing correspondence with relevant tax and regulatory authorities; and
∙Review of significant and unusual transactions and evaluation of the underlying financial rationale supporting the transactions; and
∙Identifying and testing journal entries, in particular any manual entries at the year end for financial statement preparation.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
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Green Park Interim & Executive Limited
Independent auditors' report to the members of Green Park Interim & Executive Limited (continued)
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
Statutory Auditor
Canterbury
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Green Park Interim & Executive Limited
Consolidated statement of comprehensive income
For the year ended 31 January 2026
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Green Park Interim & Executive Limited
Registered number: 05672094
Consolidated balance sheet
As at 31 January 2026
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 October 2026.
The notes on pages 18 to 36 form part of these financial statements.
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Green Park Interim & Executive Limited
Registered number: 05672094
Company balance sheet
As at 31 January 2026
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 October 2026 .
The notes on pages 18 to 36 form part of these financial statements.
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Green Park Interim & Executive Limited
Consolidated statement of changes in equity
For the year ended 31 January 2026
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Green Park Interim & Executive Limited
Company statement of changes in equity
For the year ended 31 January 2026
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Green Park Interim & Executive Limited
Consolidated statement of cash flows
For the year ended 31 January 2026
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Green Park Interim & Executive Limited
Notes to the financial statements
For the year ended 31 January 2026
Green Park Interim & Executive Limited (the "Company"), company number 05672094 and registered address Partnership House, Carlisle Place, London, SW1P 1BX, is a company limited by shares and incorporated and domiciled in the UK.
2.Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires Group management to exercise judgement in applying the Group's accounting policies (see note 3).
The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of comprehensive income in these financial statements.
The Company and Group's functional and presentational currency is Pounds Sterling.
The financial statements are rounded to the nearest Pound.
The financial statements are rounded to the nearest Pound.
The following principal accounting policies have been applied:
The financial statements are prepared on the historical cost basis except that the following assets and liabilities are stated at their fair value: financial instruments classified at fair value through the profit or loss.
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.
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.
An associate is an entity in which the Group has significant influence, but not control, over the operating and financial policies of the entity. Significance influence is presumed to exists when the investors holds between 20% and 50% of the equity voting rights.
In the parent financial statements, investments in subsidiaries and associates are carried at cost less impairment.
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Green Park Interim & Executive Limited
Notes to the financial statements
For the year ended 31 January 2026
2.Accounting policies (continued)
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
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Green Park Interim & Executive Limited
Notes to the financial statements
For the year ended 31 January 2026
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.
The Group has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.
Financial instruments are recognised in the Group's Balance sheet when the Group becomes party to the contractual provisions of the instrument.
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Green Park Interim & Executive Limited
Notes to the financial statements
For the year ended 31 January 2026
2.Accounting policies (continued)
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Impairment of financial assets
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 the deduction of all its liabilities.
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Green Park Interim & Executive Limited
Notes to the financial statements
For the year ended 31 January 2026
2.Accounting policies (continued)
Basic financial liabilities, which include trade and other creditors, bank loans, other loans and loans due to fellow group companies are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
Derecognition of financial instruments
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Green Park Interim & Executive Limited
Notes to the financial statements
For the year ended 31 January 2026
2.Accounting policies (continued)
Functional and presentation currency
Transactions and balances
The fair value of the award also takes into account non-vesting conditions. These are either factors beyond the control of either party (such as a target based on an index) or factors which are within the control of one or other of the parties (such as the Group keeping the scheme open or the employee maintaining any contributions required by the scheme).
Where the terms and conditions of options are modified before they vest, the increase in the fair value of the options, measured immediately before and after the modification, is also charged to profit or loss over the remaining vesting period.
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Green Park Interim & Executive Limited
Notes to the financial statements
For the year ended 31 January 2026
2.Accounting policies (continued)
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Green Park Interim & Executive Limited
Notes to the financial statements
For the year ended 31 January 2026
The nature of estimation is such though that actual outcomes could differ significantly from those estimates.
The following judgements have had the most significant impact on amounts recognised in the financial statements:
Lease commitments
The group has entered into a range of lease commitments in respect of property, plant and equipment.
The classification of these leases as either financial or operating leases requires the directors to consider whether the terms and conditions of each lease are such that the company has acquired the risks and rewards associated with the ownership of the underlying assets.
The following are the company’s key sources of estimation uncertainty:
Tangible fixed assets
The company has recognised tangible fixed assets with a carrying value of £113,685 (2025: £99,722) at the reporting date (see note 14). The assets within the group are stated at their cost less provision for depreciation and impairment.
Share-based payments
The Group issues equity-settled share-based payments to certain employees. The fair value of share options granted is recognised as an expense over the vesting period, with a corresponding increase in equity.
The determination of the fair value of share-based payment transactions requires the use of significant judgements and estimates. These include:
Valuation Model: The Group uses a model to estimate the fair value of share options at the grant date. The choice of model depends on the terms and conditions of the grant.
Key Assumptions: Inputs into the valuation model include:
Modification and Cancellation: Where terms of options are modified or cancelled, the Group reassesses the fair value and recognises any incremental value over the remaining vesting period.
These estimates are reviewed at each reporting date and adjusted if necessary. Changes in assumptions may significantly affect the amount of expense recognised in the income statement.
The exercisable number of options at the end of the year is 2,723,500 (2025: 2,723,500) (see note 21).
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Green Park Interim & Executive Limited
Notes to the financial statements
For the year ended 31 January 2026
3.Judgements in applying accounting policies (continued)
Analysis of turnover by country of destination:
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Green Park Interim & Executive Limited
Notes to the financial statements
For the year ended 31 January 2026
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Green Park Interim & Executive Limited
Notes to the financial statements
For the year ended 31 January 2026
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Green Park Interim & Executive Limited
Notes to the financial statements
For the year ended 31 January 2026
11.Taxation (continued)
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Green Park Interim & Executive Limited
Notes to the financial statements
For the year ended 31 January 2026
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Green Park Interim & Executive Limited
Notes to the financial statements
For the year ended 31 January 2026
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Page 31
Green Park Interim & Executive Limited
Notes to the financial statements
For the year ended 31 January 2026
14.Tangible fixed assets (continued)
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Page 32
Green Park Interim & Executive Limited
Notes to the financial statements
For the year ended 31 January 2026
Page 33
Green Park Interim & Executive Limited
Notes to the financial statements
For the year ended 31 January 2026
Page 34
Green Park Interim & Executive Limited
Notes to the financial statements
For the year ended 31 January 2026
Share premium account
Capital redemption reserve
Profit and loss account
Page 35
Green Park Interim & Executive Limited
Notes to the financial statements
For the year ended 31 January 2026
Defined contribution pension scheme
The Company operates two defined contribution pension schemes. The pension cost charge for the period represents contributions payable by the Company to the schemes and amounted to £94,388 (2025: £160,705). At the end of the financial period there was £11,581 (2025: £55,625) of outstanding pension contributions.
The Company operates two defined contribution pension schemes. The pension cost charge for the period represents contributions payable by the Company to the schemes and amounted to £94,388 (2025: £160,705). At the end of the financial period there was £11,581 (2025: £55,625) of outstanding pension contributions.
The Directors consider the ultimate controlling party to be Raj C Tulsiani.
Page 36