Venkys London Ltd - (BRFC immediate parent company) accounts year ending 31/3/25

[Andy]

Would the NI adjustments in 2025 have made an impact on salary costs?

I know for the business I work for (a medium-sized local firm), it was somewhere in the region of an additional £500k-£750k over the course of this year.

[TugaysMarlboro]

McGuire has got that wrong.

It's not £211m since Venkys acquisition.

It's £211m because of Venkys acquisition.

[wilsdenrover]

36 minutes ago, Rogerb said:

Bank overdraft increased by £8million to over £11 million. As a result interest charges on overdraft and loans increased by over £1million.

At an interest rate of BoE base + 2.17%. 

[wilsdenrover]

18 minutes ago, Andy said:

Would the NI adjustments in 2025 have made an impact on salary costs?

I know for the business I work for (a medium-sized local firm), it was somewhere in the region of an additional £500k-£750k over the course of this year.

Salary and wages + £1,303,040

Social Security costs + £203,048

Pension costs + £187,951

Total increase £1,694,039

The cost of the adjustments you referred to will appear in next years accounts.

Edited 1 hour ago by wilsdenrover

[RoverDom]

1 hour ago, wilsdenrover said:

Now it says ‘…the timing and extent of the recovery of the loan depends on promotion…’

Is the penny finally starting to drop or is someone else insisting on these phrases being included??

Just guesswork on my part but the audit director has changed this year so could just be something from them. My experience of audit directors is they like to put their stamp on things in their first year.