Adviserplus Business Solutions Limited
AdviserPlus demonstrated continued growth in the financial year to 30 June 2024 thanks to our innovative employee relations (ER) technology and expertise in ER services. Our flagship market-leading ER platform, empower® was developed by harnessing our expertise in employee relations. We support existing ER teams in their day to day activities but also empower line managers to deal with many matters themselves driving sizeable qualitative and quantitative benefits across enterprise level clients. Allied to our own expertise in supporting such clients this enables us to offer complete technology and services solutions that drive growth in our own business and deliver significant benefits to our clients. The empower® platform frees HR teams from tactical delivery and enables them to take a data-driven approach to their ER strategies. The benefits of the platform include: Digital guided journeys which improve consistency, reduce risk and enhance compliance, resulting in fewer tribunal claims and potentially lowering legal costs and risk. Employee experiences are improved as managers are better equipped to manage employee relations matters confidently and consistently, reducing the volume of ER matters that escalate to formal proceedings. Improvements in key metrics, such as sickness absence rates, case durations and the total HR cost delivers a positive impact on the bottom line for clients. This proven value proposition has enabled us to secure a number of new UK enterprise clients in the year and to treble our pipeline underpinning our growth into 2025. Our strong track record of maintaining and developing long-term relationships with clients has been demonstrated by our outstanding renewals rate and adoption of the empower platform by existing clients.
Revenue
£13.2m
▲ +1.2% vs prior ~12m period
Profit after tax
-£388k
Margin -0.7%
Employees
247
▼ -9.5% vs prior ~12m period
Net assets
£1.1m
Total assets £13.0m
Financial history
Revenue by accounting period
3 periods available · ▲ growth ▼ decline
| Period end | Revenue | Growth | Profit before tax | Employees | Net assets |
|---|---|---|---|---|---|
| 30 Jun 2024 | £13.2m | ▲ +1.2% | -£88k | 247 | £1.1m |
| 30 Jun 2023 | £13.1m | — | £211k | 273 | £1.5m |
| 30 Jun 2022 | — | — | — | — | £1.2m |
Latest available figures
Period ending 30 Jun 2024. “Not available” means the figure is not in the accounts we hold. We do not estimate missing figures.
These are the most recent accounts available to us; more recent accounts may exist at Companies House.
Profit & loss
- Revenue
- £13.2m
- Gross profit
- £5.5m
- Operating profit
- Not available
- Profit before tax
- -£88k
- Profit after tax
- -£388k
Balance sheet
- Total assets
- £13.0m
- Cash
- £354k
- Total liabilities
- £11.9m
- Net assets
- £1.1m
- Revenue per employee
- £54k
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