CB-SDG LIMITED
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Next accounts due
2026-03-31
Overdue
Confirmation statement due
2026-06-26 (in 1mo)
Last made up 2025-06-12
Watchouts
Cash
£5M
-20.6% lowest in 3 filed years
Net assets
£12M
+106.1% first positive since 2023
Employees
7
0% vs 2023
Profit before tax
£200M
+168.3% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Annual accounts overdue
Due 2026-03-31.
Net assets
4-year trend · vs Industrials median
Accounts
4-year trend · latest reflected 2024-03-31
| Metric | Trend | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 |
|---|---|---|---|---|---|
| Turnover | — | £3,785,000 | £819,000 | £1,007,000 | |
| Operating profit | — | £344,000 | -£277,279,000 | £60,444,000 | |
| Profit before tax | — | -£76,361,000 | -£292,327,000 | £199,549,000 | |
| Net profit | — | -£76,361,000 | -£292,327,000 | £199,549,000 | |
| Cash | — | £34,593,000 | £6,094,000 | £4,836,000 | |
| Total assets less current liabilities | — | £286,655,000 | £20,047,000 | £81,816,000 | |
| Net assets | — | £101,701,000 | -£190,626,000 | £11,656,000 | |
| Equity | £178,062,000 | £101,701,000 | -£190,626,000 | £11,656,000 | |
| Average employees | — | 6 | 7 | 7 | |
| Wages | — | £1,638,000 | £1,292,000 | £1,593,000 | |
| Directors' remuneration | — | £532,926 | £593,135 | £624,302 |
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
FY2023 → FY2024 · period ending 2024-03-31 vs 2023-03-31
-
Turnover
+23%
£819,000 £1,007,000
-
Cash
-20.6%
£6,094,000 £4,836,000
lowest in 3 filed years
-
Net assets
+106.1%
-£190,626,000 £11,656,000
first positive since 2023
-
Employees
0%
7 7
-
Operating profit
+121.8%
-£277,279,000 £60,444,000
highest in 3 filed years
-
Profit before tax
+168.3%
-£292,327,000 £199,549,000
highest in 3 filed years
-
Wages
+23.3%
£1,292,000 £1,593,000
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 |
|---|---|---|---|---|---|
| Operating margin | — | 9.1% | — | — | |
| Return on capital employed | — | 0.1% | -1383.1% | 73.9% | |
| Current ratio | — | — | 7.84x | 4.41x | |
| Interest cover | — | 0.02x | -10.60x | 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. 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
“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... The Group had net debt of £54.1m at 31 March 2024 (2023: £199.9m)... The Group was in compliance with all debt covenants at 31 March 2024. The RCF remained at £15m, and at the signing of these accounts was undrawn, with a maturity date of April 2025. The RCF covenants were reset as part of the Capital Restructure.”
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%
- Carrenza B.V. 100%
- Convergent Network Solutions Limited 100%
- C24 Ltd 100%
- Capital Support Group Limited 100%
- 04375903 Limited 100%
- Convergent Managed Services Limited 100%
- Sunrise Associates Limited 100%
- Sunrise Group Holdings Limited 100%
- Sunrise Unified Solutions Limited 100%
- SKD 1 Limited 100%
- SKD 2 Limited 100%
- SKD 4 Limited 100%
- SKD 8 Limited 100%
- SKD 15 Limited 100%
- SKD 19 Limited 100%
- SKD 20 Limited 100%
- SKD 21 Limited 100%
Significant events
- “In FY24, the Group undertook a Capital Restructure, reducing long term debt to £100m, resetting facility covenants, and injecting £10m cash.”
- “The extinguishment of previous debt resulted in a £124.0m credit to profit and loss account, and a fair valuation of new debt resulted in a £32.7m credit.”
- “A new CEO, Vince DeLuca, was appointed in June 2024.”
- “Several intercompany debtor balances were capitalised, increasing investment in subsidiaries, as part of an Intercompany Simplification exercise.”
- “£10.0m was settled against intercompany loan notes by 6DG Holdco Limited as part of the capital restructure.”
- “The Senior Loan Facility was reduced to £100m (from £235m), with the remaining £135m equitized into preference equity shares.”
- “The Senior Loan Facility was extended to April 2028 from April 2026, and the interest rate on the drawn debt was reduced.”
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 72 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-04-07 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 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 | |
| 2023-06-14 | CS01 | confirmation-statement | Confirmation statement with no updates |
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.