SYD BISHOP & SONS (DEMOLITION) LIMITED
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Next accounts due
2026-12-24 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2027-01-31 (in 8mo)
Last made up 2026-01-17
Watchouts
Cash
£2K
Latest balance sheet
Net assets
-£5M
lowest in 4 filed years
Employees
13
lowest in 4 filed years
Profit before tax
-£188K
highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The financial statements have been prepared on a going concern basis. The Company experienced losses totalling £0.2m in the year ended 31 March 2025 (18 months ended 31 March 2024: £0.6m) and the Company has net liabilities totalling £5.2m (2024: £5m). The Company currently meets its working capital requirements through its cash balances and intercompany loans, aided by the Group headed by Watch It Come Down Limited's ('the Group') commercial bridging loan with Together Finance. The wider Group's bridging loan was initially repayable in November 2024, and an agreement was subsequently made to increase the £5.6m loan to £5.8m, and extend the repayment date to November 2025. Subsequent to the year end, in November 2025, the bridging loan repayment date has been further extended to November 2026, which is less than 12 months after the financial statements being approved. The Company relies on continued financial support from its parent company, Watch It Come Down Limited and the group subsidiaries. Such financial support has been confirmed by the Watch It Come Down group. In July 2025, the Company had tax liabilities totalling £0.2m which were overdue, and the Group headed by Watch It Come Down Limited's overdue liabilities totalled £0.9m. At the date of the accounts being approved, all scheduled payments under a Time-To-Pay arrangement have been made. The Company's current trading position and the wider Group's bridging loan repayment date being within the next 12 months represents a material uncertainty over the Company's ability to continue to trade as a going concern. However, the Directors are very confident that significant value will be realised from the disposal of certain property assets held in the wider group headed by Watch It Come Down Limited, and longer term financing will subsequently be obtained. Improvements have been made to internal operations in the Group's main trading entity (Pinden Limited) and the wider Group's trading position has improved in the 2025/26 period. The directors believe it is appropriate to prepare the financial statements to 31 March 2025 on a going concern basis.
Net assets
7-year trend · vs Industrials median
Accounts
7-year trend · latest reflected 2025-03-31
| Metric | Trend | 2020-10-01 | 2021-09-30 | 2021-10-01 | 2022-09-30 | 2022-10-01 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | £1,112,938 | — | £2,041,126 | £1,946,195 | |
| Operating profit | — | — | — | -£590,794 | — | -£551,754 | -£187,297 | |
| Profit before tax | — | — | — | -£596,477 | — | -£558,326 | -£188,499 | |
| Net profit | — | -£601,453 | — | -£548,700 | — | -£553,652 | -£188,499 | |
| Cash | — | £6,898 | — | £91,399 | — | £9 | £1,545 | |
| Total assets less current liabilities | — | -£3,926,842 | — | -£4,475,542 | — | -£5,029,194 | -£5,217,693 | |
| Net assets | — | -£3,926,842 | — | -£4,475,542 | — | -£5,029,194 | -£5,217,693 | |
| Equity | -£3,325,389 | -£3,926,842 | -£3,926,842 | -£4,475,542 | -£4,475,542 | -£5,029,194 | -£5,217,693 | |
| Average employees | — | 21 | — | 14 | — | 14 | 13 | |
| Wages | — | — | — | £499,149 | — | £749,817 | £469,351 | |
| Directors' remuneration | — | — | — | — | — | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-10-01 | 2021-09-30 | 2021-10-01 | 2022-09-30 | 2022-10-01 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | -53.1% | — | -27.0% | -9.6% | |
| Net margin | — | — | — | -49.3% | — | -27.1% | -9.7% | |
| Return on capital employed | — | — | — | 13.2% | — | 11.0% | 3.6% | |
| Current ratio | — | — | — | — | — | 0.10x | 0.08x | |
| Interest cover | — | — | — | -103.54x | — | -83.96x | -155.82x |
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
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Hurst Accountants Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The financial statements have been prepared on a going concern basis. The Company experienced losses totalling £0.2m in the year ended 31 March 2025 (18 months ended 31 March 2024: £0.6m) and the Company has net liabilities totalling £5.2m (2024: £5m). The Company currently meets its working capital requirements through its cash balances and intercompany loans, aided by the Group headed by Watch It Come Down Limited's ('the Group') commercial bridging loan with Together Finance. The wider Group's bridging loan was initially repayable in November 2024, and an agreement was subsequently made to increase the £5.6m loan to £5.8m, and extend the repayment date to November 2025. Subsequent to the year end, in November 2025, the bridging loan repayment date has been further extended to November 2026, which is less than 12 months after the financial statements being approved. The Company relies on continued financial support from its parent company, Watch It Come Down Limited and the group subsidiaries. Such financial support has been confirmed by the Watch It Come Down group. In July 2025, the Company had tax liabilities totalling £0.2m which were overdue, and the Group headed by Watch It Come Down Limited's overdue liabilities totalled £0.9m. At the date of the accounts being approved, all scheduled payments under a Time-To-Pay arrangement have been made. The Company's current trading position and the wider Group's bridging loan repayment date being within the next 12 months represents a material uncertainty over the Company's ability to continue to trade as a going concern. However, the Directors are very confident that significant value will be realised from the disposal of certain property assets held in the wider group headed by Watch It Come Down Limited, and longer term financing will subsequently be obtained. Improvements have been made to internal operations in the Group's main trading entity (Pinden Limited) and the wider Group's trading position has improved in the 2025/26 period. The directors believe it is appropriate to prepare the financial statements to 31 March 2025 on a going concern basis.”
Group structure
- SYD BISHOP & SONS (DEMOLITION) LIMITED · parent
- Pinden Limited 100%
- Erith Waste Management Limited 100%
- Asbestos Waste Solutions Limited 100%
- Bexleyheath Skips Limited 100%
- Erith Waste Recycling Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BISHOP, Stephen Edward | Director | 1996-04-01 | Jul 1959 | British |
| BISHOP, Sydney Michael | Director | 1996-04-04 | Feb 1956 | British |
| BISHOP, Terence Malcolm | Director | — | Aug 1941 | British |
| BISHOP, Thomas James | Director | 1996-04-04 | Aug 1965 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ARNOLD, Kathleen Rosemary | Secretary | — | 2012-11-27 |
| ARNOLD, Kathleen Rosemary | Director | — | 2012-11-27 |
| BISHOP, Michael Sydney | Director | — | 1999-05-25 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Terence Malcolm Bishop | Individual | Shares 25–50% | 2016-04-06 | Ceased 2016-04-06 |
| Watch It Come Down Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 125 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-20 | AA | accounts | Accounts with accounts type full | |
| 2025-10-21 | AA | accounts | Accounts with accounts type full | |
| 2025-08-23 | DISS40 | gazette | Gazette filings brought up to date | |
| 2025-08-19 | GAZ1 | gazette | Gazette notice compulsory | |
| 2025-03-21 | AA01 | accounts | Change account reference date company previous shortened | |
| 2025-02-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-11 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-12-11 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-12-11 | CH01 | officers | Change person director company with change date | |
| 2024-06-13 | AA01 | accounts | Change account reference date company previous extended | |
| 2024-02-19 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-02-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-05 | AA | accounts | Accounts with accounts type group | |
| 2023-11-15 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-06-23 | AA01 | accounts | Change account reference date company previous shortened | |
| 2023-03-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-29 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-09-28 | AA | accounts | Accounts with accounts type group | |
| 2022-09-22 | MR04 | mortgage | Mortgage satisfy charge full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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.