19 Provisions
Onerous property costs £m
Loss-making contracts £m
Other provisions £m
Total £m
Balance at 1 June 2023
1.0
1.4
0.3
2.7
Provisions created in the period Provisions released during the period Provisions utilised during the period Transferred to assets held for sale
0.3
3.0
0.1
3.4
—
(0.2) (1.0)
—
(0.2) (1.8) (0.8)
(0.5) (0.8)
(0.3)
— —
Balance at 30 September 2024
—
3.2
0.1
3.3
— 1.3 — (1.2) — (0.8) — (0.3)
— 1.3 — (1.2)
Provisions created in the year Provisions released during the year Provisions utilised during the year Transferred to assets held for sale
(0.1)
(0.9)
— (0.3)
Balance at 30 September 2025
— 2.2
—
2.2
Analysed as follows (2025): Current
— 0.3 — 1.9
— 0.3 — 1.9
Non-current
Analysed as follows (2024): Current
— —
1.3 1.9
0.1
1.4 1.9
Non-current
—
The onerous property costs provision relates to unused and closed office spaces within the Group’s property portfolio. The onerous property provision of £2.2m (2024: £3.2m) at 30 September 2025 includes £0.5m (2024: £2.0m) of non-rental costs relating to the onerous properties including service charges and insurance, as well as the estimated costs of disposing of or terminating these leases, which includes rent incentives and letting fees. The provision at 30 September 2025 also includes estimated dilapidations liabilities of £1.7m (2024: £1.2m) relating to the Group’s leased premises. Both of these provisions are expected to unwind over the period of the relevant leases (2026–2035). Other provisions are £nil in the year ended 30 September 2025 (2024: £0.1m). These comprised accrued redundancy costs relating to the implementation of the reorganisation to which the Group was committed as of 30 September 2024. These costs were settled within the year ended 30 September 2025. 20 Contract liabilities – deferred revenue Deferred revenue represents advanced consideration received from customers, for which revenue is recognised over time. Deferred revenue is analysed as follows and is considered a contract liability:
Group 2025 £m
Group 2024 £m
Analysed as follows: Current
25.7
50.7
2.2
Non-current
2.8
27.9
53.5
Revenue recognised in the year ended 30 September 2025 that was included in the contract liability at 30 September 2024 amounted to £50.7m (2024: £54.9m). The non-current element as at 30 September 2024 is expected to unwind in the year ending 30 September 2026.
Contract liabilities primarily relate to advanced consideration received from customers, for which revenue is recognised over time in line with the respective performance obligation. See Note 3 for information regarding the remaining performance obligations as of 30 September 2025.
NCC Group plc — Annual report and accounts for the year ended 30 September 2025 141
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