SEEBECK 122 LIMITED
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Cash
£257K
-23.1% vs 2024
Net assets
£30M
-14.8% vs 2024
Employees
712
+7.1% highest in 6 filed years
Profit before tax
-£7.1M
-6% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
2 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
6-year trend · vs Unclassified median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-08-31
| Metric | Trend | 2020-03-31 | 2021-08-31 | 2022-08-31 | 2023-08-31 | 2024-08-31 | 2025-08-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | £33,895,535 | £27,632,505 | £25,710,660 | -7% | |
| Operating profit | — | — | — | -£4,937,922 | -£5,443,567 | -£6,154,229 | -13.1% | |
| Profit before tax | — | — | — | -£6,652,014 | -£6,693,322 | -£7,092,122 | -6% | |
| Net profit | — | — | — | -£6,537,157 | -£6,623,002 | -£5,294,858 | +20.1% | |
| Cash | £2 | £2 | £2 | £434,924 | £333,469 | £256,531 | -23.1% | |
| Total assets less current liabilities | £2 | £58,000,000 | £58,000,000 | £50,517,546 | £43,824,994 | £36,765,929 | -16.1% | |
| Net assets | — | £58,000,000 | £58,000,000 | £42,308,780 | £35,685,778 | £30,390,920 | -14.8% | |
| Equity | £2 | £58,000,000 | £58,000,000 | £42,308,780 | £35,744,172 | £30,546,633 | -14.5% | |
| Average employees | 2 | 2 | 2 | 659 | 665 | 712 | +7.1% | |
| Wages | — | — | — | £15,732,390 | £17,910,906 | £17,697,789 | -1.2% | |
| Directors' remuneration | — | — | — | £18,200 | £18,200 | £18,200 | 0% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-03-31 | 2021-08-31 | 2022-08-31 | 2023-08-31 | 2024-08-31 | 2025-08-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | -14.6% | -19.7% | -23.9% | |
| Net margin | — | — | — | -19.3% | -24.0% | -20.6% | |
| Return on capital employed | — | — | — | -9.8% | -12.4% | -16.7% | |
| Gearing (liabilities / total assets) | — | — | — | — | 54.6% | 59.4% | |
| Current ratio | — | — | — | 0.60x | 0.53x | 0.47x | |
| Interest cover | — | — | — | -2.88x | -2.53x | -3.19x |
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
- Consolidated group
- Auditor
- Hazlewoods LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis. The Directors have a reasonable expectation and consider that the Group has sufficient resources to continue in operations for the foreseeable future.”
Group structure
- SEEBECK 122 LIMITED · parent
- St Matthews Holdings Limited 100%
- St. Matthews Limited 100%
- St. Matthews (North) Limited 100%
- St Matthews (West) Limited 100%
- BSP Development Ltd. 60%
Significant events
- “On 1 April 2026, the sale of the Group and its subsidiaries was finalised, with the new owners CGEN Care 1 Ltd, taking full operational control.”
- “Subsequent to the reporting date and following the sale of the group, all bank loans aside from the Silverstream Finance loan have been settled in full as part of the total consideration paid.”
- “Subsequent to the reporting date and following the sale of the group, the directors loans have been settled in full as part of the total consideration paid.”
- “The directors during the first half of 2025, continued to have concerns over the re-admission of patients into the Broomhill hospital. A strategic decision was taken to support the sustainability of Broomhill as a care facility. The directors, therefore, applied to the Care Quality Commission (CQC) to deregister the hospital and register as a nursing home facility to support complex mental health residents. This registration was coupled with a name change to Althorp Grange.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CHERSKY, Mayer | Director | 2026-04-01 | Feb 1990 | British |
| GOLDMAN, Eliyohu | Director | 2026-04-01 | Sep 1990 | British |
| SCHREIBER, Nathan | Director | 2026-04-01 | Aug 1991 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| IRANDOUST, David Vahdany, Dr | Director | 2025-03-12 | 2025-06-08 |
| SANDHU, Kanwaljit Kaur | Director | 2015-03-28 | 2026-04-01 |
| SIDHU-BRAR, Nisharn Singh | Director | 2015-03-28 | 2026-04-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Cgen Care 1 Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2026-04-01 | Active |
| Mrs Kanwaljit Kaur Sandhu | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2026-04-01 |
| Nisharn Singh Sidhu-Brar | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2026-04-01 |
Filing timeline
Last 20 of 70 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-04-19 MA Memorandum articles
- 2026-04-19 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-29 | AA | accounts | Accounts with accounts type group | |
| 2026-04-27 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-04-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-04-19 | MA | incorporation | Memorandum articles | |
| 2026-04-19 | RESOLUTIONS | resolution | Resolution | |
| 2026-04-14 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-14 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-14 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-14 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-14 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-14 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-04-14 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-04-14 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-04-07 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-06-08 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-04 | AA | accounts | Accounts with accounts type group | |
| 2025-03-12 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-09 | AA | accounts | Accounts with accounts type group | |
| 2024-04-02 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 14
- Capital events
- 0
- Officers appointed
- 3
- Officers resigned
- 2
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.