Peterborough (Progress Health) PLC
Public Limited Company · Swanley
ActiveUnited KingdomIncorporated 2007Public Limited Company
Financial position
Accounts to 2026-03-31 · GBP · Company accounts
Net assets
−£48,317,000
Cash
£41,950,000
Turnover
£80,239,000
Profit / loss
£6,376,000
Current assets
£398,362,000
Creditors < 1 year
£25,502,000
Equity
−£48,317,000
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 | 2026-03-31Company · AI-read | 2025-03-31Company · AI-read |
|---|---|---|
| Balance sheet | ||
| Net assets | −£48,317,000 | −£48,048,000 |
| Equity | −£48,317,000 | −£48,048,000 |
| Share capital | £50,000 | £50,000 |
| Retained earnings | £52,181,000 | £45,805,000 |
| Assets | ||
| Current assets | £398,362,000 | £402,458,000 |
| Cash at bank | £41,950,000 | £35,357,000 |
| Liabilities | ||
| Creditors within one year | £25,502,000 | £28,893,000 |
| Creditors after one year | £421,177,000 | £421,613,000 |
| Bank loans & overdrafts | £273,070,000 | £282,185,000 |
| Net current assets | £372,860,000 | £373,565,000 |
| Profit & loss | ||
| Turnover | £80,239,000 | £80,787,000 |
| Operating profit | £14,243,000 | £13,102,000 |
| Interest receivable | £18,981,000 | £19,950,000 |
| Interest payable | £24,716,000 | £21,532,000 |
| Profit before tax | £8,508,000 | £11,520,000 |
| Tax | £2,132,000 | £2,802,000 |
| Profit / loss | £6,376,000 | £8,718,000 |
| Operating costs | ||
| Audit fees | £41,000 | £32,000 |
| People & pay | ||
| Directors' remuneration | £135,000 | £162,000 |
| 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.
- What it does
- hospital facilities · mental health unit · integrated care centre · facilities management · managed equipment services (AI keywords)
- The year
- The Company made a profit of £6,376,000 (2025: £8,718,000 profit) for the year on turnover of £80,239,000 (2025: £80,787,000). At the year ended 31 March 2026 the Company had net liabilities of £48,317,000 (2025: £48,048,000).
- Outlook
- The Directors are of the opinion that the covenants will continue to be met in the future, and the Company will therefore continue in business.
- Auditor
- Johnston Carmichael LLP · senior statutory auditor Jenny Junnier
- Audit opinion
- Clean (unmodified)
- Immediate parent
- Peterborough (Progress Health) Holdings Limited · England and Wales
- Ultimate controlling party
- InfraRed Infrastructure Yield Limited Partnership
- Accounts
- Full accounts · FRS 102
- Approved
- 2026-07-31, signed by Mr A Thorne
Turnover by segment (7)
- Services income: 62,220 (000s) (2026-03-31)
- Pass through income: 18,019 (000s) (2026-03-31)
- Other income: 43 (000s) (2025-03-31)
- Services income: 55,590 (000s) (2025-03-31)
- Pass through income: 25,154 (000s) (2025-03-31)
- UK: 80,239 (000s) (2026-03-31)
- UK: 80,787 (000s) (2025-03-31)
Related parties (4)
- Peterborough (Progress Health) Holdings Limited · immediate parent · Directors' services costs; outstanding balance · £135,000; £69,000 outstanding
- JLIF Holdings (Peterborough Hospital) Limited · shareholder company · Lifecycle management fees; accrued amount outstanding · £Nil costs; £272,000 accrued
- Peterborough Hospital Investments Limited · shareholder company · Lifecycle management fees · £368,000
- Peterborough Hospital Investments Limited · parent · Group tax losses shared · £Nil costs
Borrowings (5)
- 5.581% Guaranteed Secured Bonds due 2042 · £396,115,000 · 5.581% · Repayable in instalments which commenced on 2 April 2012 and end in October 2042 · secured on Guaranteed; unconditional and irrevocable financial guarantee issued by Financial Guaranty UK Limited in favour of AgenSynd S.L. as security trustee over all of the undertakings and assets of the company
- Unsecured Loan Notes due 2026 · £114,000 · 7.47% per annum from issue until the actual final completion date of the hospital facilities and 9.97% per annum thereafter · Repayable in instalments which commenced on 2 October 2011 and end in October 2026
- Unsecured Subordinated Loan Notes · £22,877,000 · 13.5% per annum · Repayable in instalments, subject to sufficient funds being available, with the final instalment expected in March 2042
- Liquidity Facility · from NatWest Markets plc (formerly RBS plc) · £14,500,000 · Currently unutilised · secured on Backed senior secured facility
- Change in Law Facility · from NatWest Markets plc (formerly RBS plc) · £7,248,181 · Currently unutilised · secured on Backed senior secured facility
Directors' report (1)
- Mr A Thorne
Share classes (1)
- 50,000,000 Ordinary of £1
Principal risks (9)
- Major maintenance
- Availability
- Service performance
- Climate change risk
- price risk
- cash flow risk
- credit risk
- liquidity risk
- interest risk
Secured borrowing
Registered charges, lenders and security interests.
Charges and related records
2 outstanding chargesUnknown · created 2011-02-04
All monies
OutstandingShares · created 2007-07-04
All monies
Outstanding