PROJECT KESTREL BIDCO LIMITED

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

• Turnover

  -11.6%

  £12,520,853 → £11,070,902

• Cash

  -67.2%

  £1,128,199 → £370,086

• Net assets

  -40.7%

  -£18,918,800 → -£26,613,440

  lowest in 3 filed years

• Employees

  -14.1%

  64 → 55

• Operating profit

  -60.6%

  -£2,918,262 → -£4,688,057

  lowest in 3 filed years

• Profit before tax

  -32.4%

  -£5,811,712 → -£7,694,640

  lowest in 3 filed years

• Wages

  -32.3%

  £3,184,085 → £2,156,068

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

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.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

TC Group

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. PROJECT KESTREL BIDCO LIMITED · parent
   1. Nationwide Hire Limited 100% · England and Wales · provision of equipment hire and waste brokerage services
   2. Momentum Systems Limited 100% · England and Wales · development of software for use in the group
   3. WowNow Hire Limited 100% · England and Wales

Significant events

• “Subsequent to the financial year ended, on 24 October 2024, the company was acquired through a successful Management Buyout (MBO) led by the existing leadership team. This transaction marked a significant milestone in the company's evolution and was underpinned by a strategic refinancing agreement.”
• “On 24 October 2024, as part of a management buyout via group reorganisation, the company's immediate parent company, Project Kestrel Midco 2 Limited appointed a Fixed Charge Receiver over the shares it held in the company. Immediately following, as part of the group organisation, the company was released from indebtedness to Project Kestrel Midco 2 Limited of £26.5 million.”
• “As part of the group reorganisation occurring on 24 October 2024, the company's bank loans were renegotiated on to longer terms expiring greater than one year. Of the £7.2 million of bank loans existing at 30 September 2024, shown within creditors due within one year, £2.6 million is now payable in equal quarterly instalments from 31 December 2025 to 24 October 2029, and £4.2 million is payable on the termination of the loan at 24 October 2029.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.