CB-SDG LIMITED
The company acts as a non-trading holding entity within the corporate structure of Six Degrees Group, a UK-based provider of cloud and managed IT services.
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Cash
£5M
+4% vs 2024
Net assets
-£58M
-601.7% vs 2024
Employees
8
+14.3% highest in 4 filed years
Profit before tax
-£70M
-135.1% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Confirmation statement overdue
Due 2026-06-26.
-
Negative shareholders' funds
Net assets
4-year trend · vs Industrials median
Accounts
4-year trend · Δ = latest vs prior filed period · latest reflected 2025-03-31
| Metric | Trend | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | Δ vs prior |
|---|---|---|---|---|---|---|
| Turnover | £3,785,000 | £819,000 | £1,007,000 | £1,022,000 | +1.5% | |
| Operating profit | £344,000 | -£277,279,000 | £60,444,000 | -£49,995,000 | -182.7% | |
| Profit before tax | -£76,361,000 | -£292,327,000 | £199,549,000 | -£70,139,000 | -135.1% | |
| Net profit | -£76,361,000 | -£292,327,000 | £199,549,000 | -£70,139,000 | -135.1% | |
| Cash | £34,593,000 | £6,094,000 | £4,836,000 | £5,029,000 | +4% | |
| Total assets less current liabilities | £286,655,000 | £20,047,000 | £81,816,000 | £32,604,000 | -60.1% | |
| Net assets | £101,701,000 | -£190,626,000 | £11,656,000 | -£58,483,000 | -601.7% | |
| Equity | £101,701,000 | -£190,626,000 | £11,656,000 | -£58,483,000 | -601.7% | |
| Average employees | 6 | 7 | 7 | 8 | +14.3% | |
| Wages | £1,638,000 | £1,292,000 | £1,593,000 | £1,586,000 | -0.4% | |
| Directors' remuneration | £532,926 | £593,135 | £624,302 | £705,429 | +13% |
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 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|
| Operating margin | 9.1% | — | — | — | |
| Return on capital employed | 0.1% | -1383.1% | 73.9% | -153.3% | |
| Current ratio | — | 7.84x | 4.41x | 3.80x | |
| Interest cover | 0.02x | -10.60x | 3.19x | -2.36x |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Grant Thornton UK LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In determining the appropriate basis of preparation of the financial statements for the year ended 31 March 2025, the Board is required to consider whether the Group and Parent Company can continue in operational existence for the foreseeable future. The Board has concluded that it is appropriate to adopt the going concern basis, having undertaken a rigorous assessment of the financial forecasts, key uncertainties, and sensitivities, as set out below. Accounting standards require that 'the foreseeable future' for going concern assessment covers a period of at least twelve months from the date of approval of these financial statements, although those standards do not specify how far beyond twelve months a Board should consider. In its going concern assessment, the Board has considered the period from the date of approval of these financial statements to 28 February 2027 which is twelve months from the date of approval of these financial statements ('the going concern period').”
Group structure
- CB-SDG LIMITED · parent
- Six Degrees Holdings Limited 100%
- Six Degrees Technology Limited 100%
- Six Degrees Investments Limited 100%
- Convergent Holdings (London) Limited 100%
- Six Degrees Property Limited 100%
- Six Degrees Technology Group Limited 100%
- BIS Limited 100%
- 6DG US Inc 100%
- Convergent Network Solutions Limited 100%
- C24 Ltd 100%
- Capital Support Group Limited 100%
- Sunrise Associates Limited 100%
- Sunrise Group Holdings Limited 100%
- SKD 1 Limited 100%
- SKD 2 Limited 100%
- SKD 4 Limited 100%
- SKD 15 Limited 100%
- SKD 19 Limited 100%
- SKD 20 Limited 100%
- SKD 21 Limited 100%
Significant events
- “In FY26, the Group obtained a new Credit Facility (CF) of £4.0m with a further £1.0m available on request, subject only to approval by the Deal Team. The facility runs to 2 April 2027.”
- “As part of the ongoing Intercompany Simplification project, the Company underwent a Capital Reduction on 1 April 2025.”
- “Since the year end SKD 8 Limited, a fixed asset investment, has been dissolved.”
- “The Clydesdale RCF remained at £15.0m at the year-end date of 31 March 2025; however, this was not renewed in April 2025. In October 2025, the Group secured a new Credit Facility for £4.0m with an additional £1.0m available. This facility runs to 2 April 2027.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 11 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MANUEL, David Colin | Secretary | 2024-12-20 | — | — |
| CARROLL, Ryan | Director | 2015-06-12 | Jun 1975 | American |
| CHOE, Michael | Director | 2015-06-12 | Jan 1972 | American |
| DELUCA, Vincent | Director | 2024-12-18 | Mar 1964 | American |
| MANUEL, David Colin | Director | 2022-05-11 | Oct 1969 | British |
| MCGUIRE, Mike | Director | 2022-03-29 | Dec 1987 | American |
Show 11 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| O'CONNOR, Caroline Sarah | Secretary | 2023-09-13 | 2024-12-19 |
| REDDING, Matthew | Secretary | 2019-10-28 | 2023-09-13 |
| BOTTOMS, Danny Lewis | Director | 2016-09-28 | 2017-12-31 |
| CHAPMAN, Kirsty | Director | 2017-09-08 | 2018-03-06 |
| CRAWLEY-TRICE, Simon Richard | Director | 2021-05-12 | 2024-06-11 |
| HOWE, Adrian Trevor | Director | 2015-07-07 | 2016-10-07 |
| HOWSON, David Michael | Director | 2017-02-01 | 2021-05-12 |
| ING, Michael Andrew | Director | 2015-07-07 | 2017-09-08 |
| KARAOLIS, Stylianos | Director | 2021-12-15 | 2022-05-11 |
| MILLS, Alastair Richard | Director | 2015-07-07 | 2017-10-31 |
| MITCHELL, Steven Keith | Director | 2018-03-06 | 2021-12-23 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Cb-Sdg Midco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 73 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-04-07 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-27 | AA | accounts | Accounts with accounts type full | |
| 2025-11-21 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-06-24 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-04-07 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2025-04-07 | SH20 | capital | Legacy | |
| 2025-04-07 | CAP-SS | insolvency | Legacy | |
| 2025-04-07 | RESOLUTIONS | resolution | Resolution | |
| 2025-04-07 | SH10 | capital | Capital variation of rights attached to shares | |
| 2025-04-07 | SH08 | capital | Capital name of class of shares | |
| 2025-01-08 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-01-08 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-20 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-12-17 | AA | accounts | Accounts with accounts type full | |
| 2024-06-26 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-06-17 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-18 | AA | accounts | Accounts with accounts type full | |
| 2024-03-15 | SH01 | capital | Capital allotment shares | |
| 2024-03-08 | SH02 | capital | Capital alter shares subdivision | |
| 2023-09-26 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-09-26 | TM02 | officers | Termination secretary company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 4
- 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.