THALIA IOW SPV LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-07-29 (in 2mo)
Last made up 2025-07-15
Watchouts
Cash
£1M
+368.7% vs 2023
Net assets
£118K
+117.9% vs 2023
Employees
—
Average over period
Profit before tax
£973K
+241.4% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The Company's main revenue generating contract is due to conclude during 2026, and the Directors do not anticipate further trading activities beyond the end of this contract. Accordingly, the Directors do not consider it appropriate to adopt the going concern basis of accounting.
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £7,041,000 | £7,914,000 | |
| Operating profit | £285,000 | £151,000 | |
| Profit before tax | £285,000 | £973,000 | |
| Net profit | -£200,000 | £777,000 | |
| Cash | £230,000 | £1,078,000 | |
| Total assets less current liabilities | — | — | |
| Net assets | -£659,000 | £118,000 | |
| Equity | -£659,000 | £118,000 | |
| Average employees | — | — | |
| Wages | — | — | |
| 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
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+12.4%
£7,041,000 £7,914,000
-
Cash
+368.7%
£230,000 £1,078,000
-
Net assets
+117.9%
-£659,000 £118,000
-
Employees
—
Not reported
-
Operating profit
-47%
£285,000 £151,000
-
Profit before tax
+241.4%
£285,000 £973,000
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 4.0% | 1.9% | |
| Net margin | -2.8% | 9.8% | |
| Gearing (liabilities / total assets) | 147.2% | 95.6% | |
| Current ratio | 0.68x | 1.05x |
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.
Name history
Renamed 1 time since incorporation
- THALIA IOW SPV LIMITED 2022-11-16 → present
- AMEY (IOW) SPV LIMITED 2015-08-13 → 2022-11-16
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The Company's main revenue generating contract is due to conclude during 2026, and the Directors do not anticipate further trading activities beyond the end of this contract. Accordingly, the Directors do not consider it appropriate to adopt the going concern basis of accounting.”
Significant events
- “In November 2015 Thalia IOW SPV Limited entered into a project agreement with Isle of Wight Council for managing waste services via its principal subcontractor, Thalia IOW ODC Limited.”
- “Construction of new waste treatment facilities was completed during 2021 and final acceptance test achieved on 31 December 2024.”
- “In December 2025 the Company entered into a settlement agreement with the Authority to exit the project during 2026, with no further expected trading activity after March 2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ALBANY SECRETARIAT LIMITED | Corporate Secretary | 2023-06-15 | — | — |
| COOKE, Martin Anthony | Director | 2025-10-21 | May 1964 | Irish |
| HOLDER, Jeffrey James | Director | 2025-10-21 | Feb 1976 | British |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HATCHER, Paul James | Secretary | 2022-03-29 | 2023-06-15 |
| SHERARD SECRETARIAT SERVICES LIMITED | Corporate Secretary | 2015-08-13 | 2022-03-23 |
| CONNELLY, John Gerard | Director | 2015-08-13 | 2022-03-07 |
| EDMONDSON, Robert | Director | 2016-05-02 | 2018-10-11 |
| GHAFOOR, Asif | Director | 2015-08-13 | 2020-03-13 |
| GREENWELL, Paul | Director | 2015-08-13 | 2015-10-16 |
| GREGG, Nicholas Mark | Director | 2015-08-13 | 2016-05-31 |
| HEVIA GONZALEZ, Francisco | Director | 2018-12-12 | 2024-09-13 |
| MACBRAYNE, David Niall | Director | 2022-05-19 | 2025-10-24 |
| MURRAY, Christopher Michael | Director | 2024-09-13 | 2025-10-24 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Thalia Waste Management Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-11-30 | Active |
| Amey Ventures Asset Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2022-11-30 |
Filing timeline
Last 20 of 56 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-09 | AA | accounts | Accounts with accounts type full | |
| 2025-10-28 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-28 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-22 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-22 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-24 | AA | accounts | Accounts with accounts type full | |
| 2024-09-25 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-25 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-09 | AA | accounts | Accounts with accounts type full | |
| 2023-07-18 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-06-15 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2023-06-15 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-06-14 | CH01 | officers | Change person director company with change date | |
| 2023-06-14 | CH01 | officers | Change person director company with change date | |
| 2023-04-22 | AA | accounts | Accounts with accounts type full | |
| 2022-12-14 | AA01 | accounts | Change account reference date company previous shortened | |
| 2022-12-01 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2022-12-01 | PSC07 | persons-with-significant-control | Cessation of a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 2
- 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.