Annual Report & Accounts 2026
38
DIRECTORS’ REPORT CONTINUED
SHARE CAPITAL
Details of share capital are given in note 18 to the financial statements.
EMPLOYEES The Group operates an equal opportunities employment policy. The Group’s policy on recruitment, development, training and promotion includes provision to give full and fair consideration to disabled persons, having particular regard to their aptitudes and abilities. The Group appreciates and values the input of all its employees and encourages development and training to enhance employee skills. The Group ensures that employees are aware of any important matters that may impact on the performance of the Group.
BUSINESS RELATIONSHIPS
The manner in which the Directors have regard for the interests of the various stakeholders of the Group is set out within the ESG section of this report.
GREENHOUSE GAS EMISSIONS, ENERGY CONSUMPTION AND ENERGY EFFICIENCY
Reporting regarding these areas is included within the ESG section of this report.
GOING CONCERN
The Group and Company financial statements have been prepared on a going concern basis as the Directors have a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future. The Group is cash positive, has no debt, has a model which is strongly cash generative and has, to date, a strong trading performance. The Group’s forecasts and projections show that the Group has sufficient resources for both current and anticipated cash requirements. FINANCIAL RISK MANAGEMENT
Financial risk is managed by the Board on an ongoing basis. The key risks relating to the Group are outlined in more detail in note 27 to the consolidated financial statements.
The Group’s principal risks and uncertainties are outlined in a separate section of this report.
ANNUAL GENERAL MEETING
The Company’s AGM will be held on 18 June 2026.
POLITICAL DONATIONS
No political contributions were made during the year.
AUDITOR
A resolution to reappoint RSM UK Audit LLP as auditor for the ensuing year will be proposed at the Annual General Meeting in accordance with Section 487(2) of the Companies Act 2006.
DISCLOSURE OF INFORMATION TO THE AUDITOR
The Directors confirm that, so far as they are each aware, there is no relevant audit information of which the Group’s auditor is unaware, and each Director has taken all the steps that they ought to have taken as a Director to make themselves aware of any relevant audit information and to establish that the Group’s auditor is aware of that information.
On behalf of the Board
ASHLEY MILLER
Finance Director
28 April 2026
DIRECTORS’ REPORT CONTINUED
SHARE CAPITAL
Details of share capital are given in note 18 to the financial statements.
EMPLOYEES The Group operates an equal opportunities employment policy. The Group’s policy on recruitment, development, training and promotion includes provision to give full and fair consideration to disabled persons, having particular regard to their aptitudes and abilities. The Group appreciates and values the input of all its employees and encourages development and training to enhance employee skills. The Group ensures that employees are aware of any important matters that may impact on the performance of the Group.
BUSINESS RELATIONSHIPS
The manner in which the Directors have regard for the interests of the various stakeholders of the Group is set out within the ESG section of this report.
GREENHOUSE GAS EMISSIONS, ENERGY CONSUMPTION AND ENERGY EFFICIENCY
Reporting regarding these areas is included within the ESG section of this report.
GOING CONCERN
The Group and Company financial statements have been prepared on a going concern basis as the Directors have a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future. The Group is cash positive, has no debt, has a model which is strongly cash generative and has, to date, a strong trading performance. The Group’s forecasts and projections show that the Group has sufficient resources for both current and anticipated cash requirements. FINANCIAL RISK MANAGEMENT
Financial risk is managed by the Board on an ongoing basis. The key risks relating to the Group are outlined in more detail in note 27 to the consolidated financial statements.
The Group’s principal risks and uncertainties are outlined in a separate section of this report.
ANNUAL GENERAL MEETING
The Company’s AGM will be held on 18 June 2026.
POLITICAL DONATIONS
No political contributions were made during the year.
AUDITOR
A resolution to reappoint RSM UK Audit LLP as auditor for the ensuing year will be proposed at the Annual General Meeting in accordance with Section 487(2) of the Companies Act 2006.
DISCLOSURE OF INFORMATION TO THE AUDITOR
The Directors confirm that, so far as they are each aware, there is no relevant audit information of which the Group’s auditor is unaware, and each Director has taken all the steps that they ought to have taken as a Director to make themselves aware of any relevant audit information and to establish that the Group’s auditor is aware of that information.
On behalf of the Board
ASHLEY MILLER
Finance Director
28 April 2026