PINDEN LIMITED
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Next accounts due
2026-12-24 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-07-19 (in 2mo)
Last made up 2025-07-05
Watchouts
Cash
£28K
lowest in 4 filed years
Net assets
£4M
Equity attributable
Employees
82
lowest in 4 filed years
Profit before tax
-£1M
Period ending 2025-03-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The Company had net assets totalling £4.1m at 31 March 2025 (2024 restated: £5.5m), with the movement reflecting the losses in the period. The Company has been meeting its working capital requirements through cash generated from operations, intercompany loans, a commercial bridging loan and invoice discounting facility as noted below. In November 2023, the Company arranged a £5.5m commercial bridging loan... repayment date to November 2025. Subsequent to the year end, in November 2025, an agreement was made to increase the bridging loan to £6.1m and the repayment date has been further extended to November 2026, which is less than 12 months after the financial statements being approved. Net current liabilities totalled £8.9m at 31 March 2025 (2024 restated: £7.9m), including the £5.8m bridging loan being due for repayment in less than one year... The current position represents a material uncertainty over the Company's ability to continue to trade as a going concern.
Net assets
7-year trend · vs Basic Materials 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 | — | £9,827,972 | — | £10,658,946 | — | £15,463,778 | £10,691,354 | |
| Operating profit | — | -£1,013,439 | — | -£1,172,326 | — | -£2,388,201 | -£368,924 | |
| Profit before tax | — | -£1,274,698 | — | -£1,501,400 | — | -£3,366,229 | -£1,369,840 | |
| Net profit | — | -£969,529 | — | -£1,427,221 | — | -£3,382,312 | -£1,369,840 | |
| Cash | — | £767,198 | — | £47,183 | — | £54,107 | £27,949 | |
| Total assets less current liabilities | — | £6,019,519 | — | £11,693,829 | — | £8,506,310 | £6,158,790 | |
| Net assets | — | £3,565,020 | — | £5,199,023 | — | £5,490,684 | £4,120,844 | |
| Equity | £4,534,549 | £3,565,020 | £3,565,020 | £5,199,023 | £4,930,151 | £5,490,684 | £4,120,844 | |
| Average employees | — | 86 | — | 88 | — | 96 | 82 | |
| Wages | — | £3,076,197 | — | £3,328,233 | — | £5,200,240 | £3,454,895 | |
| 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 | — | -10.3% | — | -11.0% | — | -15.4% | -3.5% | |
| Net margin | — | -9.9% | — | -13.4% | — | -21.9% | -12.8% | |
| Return on capital employed | — | -16.8% | — | -10.0% | — | -28.1% | -6.0% | |
| Current ratio | — | — | — | — | — | 0.28x | 0.25x | |
| Interest cover | — | -3.88x | — | -3.56x | — | -2.44x | -0.37x |
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 Company had net assets totalling £4.1m at 31 March 2025 (2024 restated: £5.5m), with the movement reflecting the losses in the period. The Company has been meeting its working capital requirements through cash generated from operations, intercompany loans, a commercial bridging loan and invoice discounting facility as noted below. In November 2023, the Company arranged a £5.5m commercial bridging loan... repayment date to November 2025. Subsequent to the year end, in November 2025, an agreement was made to increase the bridging loan to £6.1m and the repayment date has been further extended to November 2026, which is less than 12 months after the financial statements being approved. Net current liabilities totalled £8.9m at 31 March 2025 (2024 restated: £7.9m), including the £5.8m bridging loan being due for repayment in less than one year... The current position represents a material uncertainty over the Company's ability to continue to trade as a going concern.”
Group structure
- PINDEN LIMITED · parent
- Erith Waste Management Limited 100%
- Asbestos Waste Solutions Limited 100%
- Bexleyheath Skips Limited 100%
- Erith Waste Recycling Limited 100%
Significant events
- “An agreement was made after the year-end to extend the repayment date of the bridging loan to November 2026.”
- “A key member of the senior management team has been re-employed to turn around business operations, with early indications being very promising.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BISHOP, Stephen Edward | Director | 2004-08-02 | Jul 1959 | British |
| BISHOP, Sydney Michael | Director | 2004-08-02 | Feb 1956 | British |
| BISHOP, Terence Malcolm | Director | 2004-08-02 | Aug 1941 | British |
| BISHOP, Thomas James | Director | 2004-08-02 | Aug 1965 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ARNOLD, Kathleen Rosemary | Secretary | 2004-08-02 | 2012-11-27 |
| JPCORS LIMITED | Corporate Nominee Secretary | 2004-08-02 | 2004-08-02 |
| ARNOLD, Kathleen Rosemary | Director | 2004-08-02 | 2012-11-27 |
| JPCORD LIMITED | Corporate Nominee Director | 2004-08-02 | 2004-08-02 |
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 |
| Syd Bishop & Sons (Demolition) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 97 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-18 | AA | accounts | Accounts with accounts type full | |
| 2025-10-09 | AA | accounts | Accounts with accounts type full | |
| 2025-08-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-21 | AA01 | accounts | Change account reference date company previous shortened | |
| 2024-12-11 | CH01 | officers | Change person director company with change date | |
| 2024-12-11 | CH01 | officers | Change person director company with change date | |
| 2024-12-11 | CH01 | officers | Change person director company with change date | |
| 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 | |
| 2024-07-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 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 | |
| 2024-02-05 | AA | accounts | Accounts with accounts type full | |
| 2023-11-15 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-11-15 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-11-15 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-07-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-23 | AA01 | accounts | Change account reference date company previous shortened | |
| 2022-09-28 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.