BARD BIDCO LIMITED
Bard Bidco Limited is a private equity-backed acquisition vehicle and holding company that forms part of the corporate structure for the Bourne Leisure group.
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Cash
£83m
+237.3% highest in 3 filed years
Net assets
-£369m
-159.9% lowest in 3 filed years
Employees
12,466
-6.5% lowest in 3 filed years
Profit before tax
-£89m
+47.6% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
-
Negative shareholders' funds
Net assets
3-year trend · vs Unclassified median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £1,051,656,000 | £1,145,396,000 | £1,080,017,000 | -5.7% | |
| Operating profit | £25,404,000 | £35,410,000 | £37,918,000 | +7.1% | |
| Profit before tax | -£166,566,000 | -£169,979,000 | -£89,057,000 | +47.6% | |
| Net profit | -£139,683,000 | -£148,378,000 | -£67,877,000 | +54.3% | |
| Cash | £15,965,000 | £24,491,000 | £82,600,000 | +237.3% | |
| Total assets less current liabilities | £3,255,121,000 | £3,058,657,000 | £2,744,218,000 | -10.3% | |
| Net assets | £758,111,000 | £615,633,000 | -£369,041,000 | -159.9% | |
| Equity | £758,111,000 | £615,633,000 | -£369,041,000 | -159.9% | |
| Average employees | 12,765 | 13,338 | 12,466 | -6.5% | |
| Wages | £267,120,000 | £282,594,000 | £267,026,000 | -5.5% | |
| Directors' remuneration | £2,456,000 | £2,290,000 | £2,322,000 | +1.4% | |
| Highest paid director | £1,079,000 | £973,000 | £1,112,000 | +14.3% |
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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 2.4% | 3.1% | 3.5% | |
| Net margin | -13.3% | -13.0% | -6.3% | |
| Return on capital employed | 0.8% | 1.2% | 1.4% | |
| Gearing (liabilities / total assets) | 78.3% | 82.1% | 112.7% | |
| Current ratio | 1.02x | 0.62x | 2.02x | |
| Interest cover | 0.14x | 0.17x | 0.18x |
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
- BARD BIDCO LIMITED 2021-01-20 → present
- NATURALBRIGHT LIMITED 2020-11-09 → 2021-01-20
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements are prepared under the going concern basis. The Directors believe this is appropriate as the Group is expected to deliver increased profitability and cash generation in 2026 whilst also being able to meet its debts as they fall due.”
Group structure
- BARD BIDCO LIMITED · parent
- Bourne Leisure Holdings Limited 100%
- Haven Leisure Limited 100%
- Holivans Limited 100%
- Celtic Haven Limited 100%
Significant events
- “On 15 August 2025, the Group transferred Bourne Holidays Limited and Bourne Holidays Transport Services Limited to Bard Midco 2 Limited in return for an intercompany receivable of £555,085,000.”
- “The Group completed a loan refinancing in August 2025, replacing the existing facilities of £1,710m with new facilities of £2,598m plus a capex facility of £339m.”
- “On 3 July 2025, the share capital of the Company was reduced from £253,898,936 divided into 25,389,893,611 ordinary shares of £0.01 each to £25,390 divided into 25,389,893,611 ordinary shares of £0.000001 each.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CSC CLS (UK) LIMITED | Corporate Secretary | 2020-12-16 | — | — |
| ASSANT, Lionel Yves | Director | 2021-03-09 | May 1972 | French |
| FLAUM, Paul Charles | Director | 2022-02-07 | Nov 1970 | British |
| KATAKY, Gemma Nandita | Director | 2025-10-24 | Sep 1983 | British |
| PALETHORPE, Simon | Director | 2022-10-19 | Sep 1968 | British |
| SYTHES, Jamila Clare Dabbagh | Director | 2025-07-04 | Aug 1975 | British |
| VRANA, Michael David | Director | 2025-12-17 | Dec 1980 | American |
| WALSH, Alexander Noel | Director | 2022-05-16 | Aug 1981 | British |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| TMF CORPORATE ADMINISTRATION SERVICES LIMITED | Corporate Secretary | 2020-11-09 | 2020-12-15 |
| AGARWAL, Abhishek | Director | 2021-01-29 | 2021-01-29 |
| CARUSO, Luigi | Director | 2021-01-29 | 2025-10-24 |
| HONG, Haide | Director | 2020-12-15 | 2022-05-16 |
| LEVY, Adrian Joseph Morris | Director | 2020-11-09 | 2020-12-15 |
| MACMILLAN, Iain Stuart | Director | 2022-02-07 | 2025-10-28 |
| PUDGE, David John | Director | 2020-11-09 | 2020-12-15 |
| SHAH, Adam Khisro Mir | Director | 2021-03-09 | 2025-12-17 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Bard Midco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-12-15 | Active |
| Clifford Chance Nominees No.2 Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-11-09 | Ceased 2020-12-15 |
Filing timeline
Last 20 of 68 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-07-07 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-10 | AA | accounts | Accounts with accounts type group | |
| 2025-12-19 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-19 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-14 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-11-13 | CH01 | officers | Change person director company with change date | |
| 2025-11-13 | CH01 | officers | Change person director company with change date | |
| 2025-11-07 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-10-30 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-30 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-30 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-21 | ANNOTATION | miscellaneous | Legacy | |
| 2025-09-20 | AA | accounts | Accounts with accounts type group | |
| 2025-09-19 | CH04 | officers | Change corporate secretary company with change date | |
| 2025-09-11 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-08-26 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-08-18 | CH04 | officers | Change corporate secretary company with change date | |
| 2025-08-18 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-07-07 | RESOLUTIONS | resolution | Resolution | |
| 2025-07-04 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-03 | SH20 | capital | Legacy |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 11
- Capital events
- 1
- Officers appointed
- 2
- Officers resigned
- 3
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.