Torbay Schools Services Limited
Private Limited Company · Bristol
ActiveUnited KingdomIncorporated 2000Private Limited Company
Financial position
Accounts to 2026-03-31 · GBP · Company accounts
Net assets
£1,684,000
Cash
£55,000
Turnover
£2,648,000
Profit / loss
£488,000
Current assets
£3,639,000
Creditors < 1 year
£988,000
Equity
£1,684,000
Average employees
Not available
Balance-sheet trend
GBP · companyFinancial statements
Selected figures from the best-ranked available filing for each period. Missing values remain unknown.
Some figures were read by AI from scanned accounts, so small errors are possible. View the filed accounts
| Reported figures | 2026-03-3112 months · Company · AI-read | 2025-03-31Company · AI-read |
|---|---|---|
| Balance sheet | ||
| Net assets | £1,684,000 | £1,643,000 |
| Equity | £1,684,000 | £1,643,000 |
| Share capital | £130,000 | £130,000 |
| Retained earnings | £1,554,000 | £1,662,000 |
| Assets | ||
| Current assets | £3,639,000 | £4,738,000 |
| Cash at bank | £55,000 | £10,000 |
| Liabilities | ||
| Creditors within one year | £988,000 | £1,453,000 |
| Creditors after one year | £593,000 | £1,076,000 |
| Provisions | £374,000 | £566,000 |
| Assets less current liabilities | £2,651,000 | £3,285,000 |
| Profit & loss | ||
| Turnover | £2,648,000 | £2,391,000 |
| Cost of sales | £1,893,000 | £2,135,000 |
| Gross profit | £755,000 | £256,000 |
| Administrative expenses | £174,000 | £219,000 |
| Operating profit | £581,000 | £37,000 |
| Interest receivable | £274,000 | £365,000 |
| Interest payable | £121,000 | £192,000 |
| Profit before tax | £734,000 | £210,000 |
| Tax | £246,000 | £102,000 |
| Profit / loss | £488,000 | £108,000 |
| Dividends | £596,000 | £156,000 |
| Source evidence | View filing | View filing |
From the accounts
What the accounts for 2026-03-31 say about themselves, read by AI from the scanned filing.
- Principal activity
- The principal activity of the company is the development, funding and construction of two schools and the operation of related facilities management services for a period of 26 years under a Private Finance Initiative (‘PFI’) contract. Construction was completed in August 2002. The company is now receiving a monthly unitary payment from the Council of the Borough of Torbay in accordance with the contract.
- What it does
- development · funding · construction of two schools · facilities management services · Private Finance Initiative contract (AI keywords)
- The year
- The profit for the year is set out in the profit and loss account on page 10. The directors consider the performance of the company during the year and the financial position at the end of the year, to be in line with the long term expected performance of the project, and its prospects for the future to be satisfactory.
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Clean (unmodified)
- Immediate parent
- PFI Investments Limited · England and Wales
- Ultimate parent
- Semperian Group Limited (formerly Semperian PPP Investment Partners Holdings Limited) · Jersey
- Ultimate controlling party
- Semperian Group Limited (formerly Semperian PPP Investment Partners Holdings Limited)
- Accounts
- FRS 102
- Approved
- 2026-08-11, signed by R G Little
Borrowings (3)
- Senior debt relating to term loan facilities · from Bank of Ireland · £nil (2025: £267,000) (000s) · fixed at a rate of 7.11% (2025: 7.11%) per annum · repayable by monthly instalments, which commenced in March 2000 and ceased in September 2025 · secured on secured by way of a first fixed charge over the finance receivable asset
- Corporate Facility Debenture · £nil (2025: £20,000) (000s) · fixed at a rate of 7.11% (2025: 7.11%) per annum and is paid monthly · repaid in full in September 2025
- Loan notes (subordinated debt) · £826,000 (2025: £826,000) (000s) · fixed at 12% (2025: 12%) per annum · repayable by June 2027, over the 22 years following their issue · secured on unsecured; subordinated to the right of payment of senior debt providers
Directors' report (1)
- R G Little
Share classes (2)
- 65,175 A Ordinary shares of £1 each of £1
- 65,175 B Ordinary Shares of £1 each of £1
Principal risks (2)
- trading relationships with its customer, funders and sub-contractors
- subcontractor failure to perform their obligations
Secured borrowing
Registered charges, lenders and security interests.
Charges and related records
3 outstanding chargesProperty · created 2000-03-31
IN FAVOUR OF THE CHARGEE 1. ALL PRESENT AND FUTURE OBLIGATIONS AND LIABILITIES O F THE COMPANY TO ANY FINANCE PARTY UNDER EACH OF THE FINANCE DOCUMENTS AND 2. AL L PRESENT AND FUTURE OBLIGATIONS AND LIA BILITIES OF THE COMPANY TO THE SUBORDINA TED LENDER UNDER THE SUBORDINATED SECURE D LOAN NOTE OF THE INVESTMENT DOCUMENTS
OutstandingAll Assets · created 2000-03-31
ALL PRESENT AND FUTURE OBLIGATIONS AND L IABILITIES OF THE COMPANY TO THE CHARGEE UNDER THE CORPORATE FACILITY LETTER AND UNDER THE DEBENTURE
OutstandingFixed · created 2000-03-31
THE SECURED OBLIGATIONS WHICH MEANS THE OBLIGATION THE COMPANY OWED TO THE CHARG EE UNDER OR PURSUANT TO CLAUSE 39.2 OF T HE PROJECT AGREEMENT
Outstanding