PENSION SERVICES CORPORATION LIMITED
Get an alert when PENSION SERVICES CORPORATION LIMITED files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Cash
£3.6M
-55.5% lowest in 3 filed years
Net assets
-£3.3M
-380.2% lowest in 3 filed years
Employees
672
+13.3% highest in 3 filed years
Profit before tax
£126K
-16.6% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £250,819,000 | £274,366,000 | £304,907,000 | +11.1% | |
| Operating profit | £436,000 | £2,459,000 | £2,600,000 | +5.7% | |
| Profit before tax | £131,000 | £151,000 | £126,000 | -16.6% | |
| Net profit | -£643,000 | -£2,184,000 | -£2,939,000 | -34.6% | |
| Cash | £6,636,000 | £8,134,000 | £3,618,000 | -55.5% | |
| Total assets less current liabilities | — | £39,858,000 | £38,492,000 | -3.4% | |
| Net assets | £1,481,000 | -£686,000 | -£3,294,000 | -380.2% | |
| Equity | £1,481,000 | -£686,000 | -£3,294,000 | -380.2% | |
| Average employees | 504 | 593 | 672 | +13.3% | |
| Wages | £75,818,000 | £87,194,000 | £97,474,000 | +11.8% | |
| Directors' remuneration | £40,000 | £40,000 | £40,000 | 0% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 0.2% | 0.9% | 0.9% | |
| Net margin | -0.3% | -0.8% | -1.0% | |
| Return on capital employed | — | 6.2% | 6.8% | |
| Gearing (liabilities / total assets) | 99.2% | 100.4% | 101.5% | |
| Current ratio | 0.96x | 0.85x | 0.93x | |
| Interest cover | 1.03x | 1.01x | 1.01x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have prepared financial statements on the going concern basis as they do not intend to liquidate the Company or to cease its operations, and as they have concluded that the Company's financial position means that this is realistic. They have also concluded that there are no material uncertainties that could have cast significant doubt over its ability to continue as a going concern for at least a year from the date of approval of the financial statements ("the going concern period").”
Significant events
- “In July 2025, it was announced that Athora Holding Ltd ("Athora") had agreed to acquire Pension Insurance Corporation Group Limited ("PICG"), the ultimate parent undertaking of Pension Services Corporation Limited (the "Company" or "PSC"). The transaction received approval from the Prudential Regulation Authority ("PRA") on 6 March 2026. On 27 March 2026, Athora acquired 100 per cent of the ordinary share capital of PICG.”
- “Completion of the acquisition resulted in the vesting of share schemes, subject to any relevant performance conditions and Solvency II-related deferral provisions. The net financial effect arising from the vesting of the share schemes was immaterial.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GRIFFITHS, Martin | Secretary | 2024-12-02 | — | — |
| GRIFFITHS, Martin James | Director | 2025-12-18 | May 1976 | British |
| VENEY, Dominic | Director | 2021-12-01 | Apr 1976 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| INWARD, Louise | Secretary | 2016-01-27 | 2024-12-02 |
| BLACKWELL, Tracy Marie | Director | 2015-06-30 | 2025-12-31 |
| COOMBER, John Richard | Director | 2012-04-04 | 2015-06-30 |
| SEWELL, Robert Peter | Director | 2012-04-04 | 2021-11-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Pic Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 50 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-29 | AA | accounts | Accounts with accounts type full | |
| 2026-01-09 | CH01 | officers | Change person director company with change date | |
| 2025-12-31 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-22 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-09 | AA | accounts | Accounts with accounts type full | |
| 2024-12-18 | CH01 | officers | Change person director company with change date | |
| 2024-12-18 | CH01 | officers | Change person director company with change date | |
| 2024-12-03 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-12-03 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-11-27 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-11-27 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-07-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-07 | AA | accounts | Accounts with accounts type full | |
| 2024-04-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-28 | AA | accounts | Accounts with accounts type full | |
| 2023-04-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-01 | CH01 | officers | Change person director company with change date | |
| 2022-04-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-03-17 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.