PROJECT THOMAS TOPCO LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2027-01-25 (in 8mo)
Last made up 2026-01-11
Watchouts
None on the register
Cash
£3M
-7.4% vs 2024
Net assets
-£5M
-47.1% lowest in 4 filed years
Employees
42
+2.4% highest in 4 filed years
Profit before tax
-£1M
+17.3% vs 2024
Net assets
7-year trend · vs Consumer Discretionary median
Accounts
7-year trend · latest reflected 2025-03-31
| Metric | Trend | 2021-01-12 | 2022-03-31 | 2022-04-01 | 2023-03-31 | 2023-04-01 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | £57,336,545 | £60,245,110 | |
| Operating profit | — | — | — | — | — | -£574,519 | -£255,614 | |
| Profit before tax | — | — | — | — | — | -£1,802,500 | -£1,490,703 | |
| Net profit | — | £60,334 | — | £56,950 | — | -£1,784,446 | -£1,494,489 | |
| Cash | — | — | — | — | — | £3,415,076 | £3,162,487 | |
| Total assets less current liabilities | — | £629,834 | — | £1,227,508 | — | £9,710,709 | £8,196,166 | |
| Net assets | — | £629,834 | — | £1,227,508 | — | -£3,185,867 | -£4,686,330 | |
| Equity | — | £629,834 | £629,834 | £1,227,508 | £1,227,508 | -£3,185,867 | -£4,686,330 | |
| Average employees | — | 0 | — | 0 | — | 41 | 42 | |
| Wages | — | — | — | — | — | £2,761,926 | £2,309,470 | |
| Directors' remuneration | — | — | — | — | — | £442,447 | £461,049 |
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
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
+5.1%
£57,336,545 £60,245,110
-
Cash
-7.4%
£3,415,076 £3,162,487
-
Net assets
-47.1%
-£3,185,867 -£4,686,330
lowest in 4 filed years
-
Employees
+2.4%
41 42
highest in 4 filed years
-
Operating profit
+55.5%
-£574,519 -£255,614
-
Profit before tax
+17.3%
-£1,802,500 -£1,490,703
-
Wages
-16.4%
£2,761,926 £2,309,470
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 | 2021-01-12 | 2022-03-31 | 2022-04-01 | 2023-03-31 | 2023-04-01 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | -1.0% | -0.4% | |
| Net margin | — | — | — | — | — | -3.1% | -2.5% | |
| Return on capital employed | — | — | — | — | — | -5.9% | -3.1% | |
| Current ratio | — | — | — | — | — | 1.14x | 1.09x | |
| Interest cover | — | — | — | — | — | -0.46x | -0.20x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Forvis Mazars LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The use of the going concern basis of accounting is appropriate because the directors are not aware of any material uncertainties related to events or conditions that may cast significant doubt about the ability of the Group to continue as a going concern.”
Group structure
- PROJECT THOMAS TOPCO LIMITED · parent
- Project Thomas Bidco Limited 100%
- Distology Limited 100%
- Distology B.V. Limited 100%
- Distology D.E. Limited 100%
Significant events
- “Post year end, the Company purchased 2,083 of its own D Ordinary shares with a nominal value of £20.83, for a total consideration of £1,948.”
- “On 30 June 2025 the Group entered into a loan facility agreement with TC Loans Limited with a maximum facility of £3.6m, of which £2m has been drawn down. The facilities mature 60 months after utilisation and interest is charged at the aggregate of the Base Rate plus a margin of between 6.5-6.75%.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MAY, Liam Steven | Director | 2021-02-26 | Nov 1985 | British |
| MCEWAN, Andrew David John | Director | 2021-02-26 | Dec 1966 | British |
| ROBERTS, Hayley Anna | Director | 2021-01-12 | May 1975 | British |
| ROCHE, Andrew James | Director | 2021-02-26 | Feb 1979 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Northedge Capital Nominee Limited | Corporate entity | Voting 25–50%, Appoints directors | 2021-02-26 | Ceased 2021-02-26 |
| Mrs Hayley Anna Roberts | Individual | Shares 25–50%, Voting 25–50% | 2021-02-26 | Active |
| Northedge Capital Sme Fund 1 Lp | Corporate entity | Shares 25–50%, Voting 25–50%, Appoints directors | 2021-02-26 | Active |
| Mrs Hayley Anna Roberts | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-01-12 | Ceased 2021-02-26 |
Filing timeline
Last 20 of 56 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-06-25 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-26 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-12-05 | SH03 | capital | Capital return purchase own shares | |
| 2025-12-05 | SH03 | capital | Capital return purchase own shares | |
| 2025-12-05 | SH03 | capital | Capital return purchase own shares | |
| 2025-11-28 | AA | accounts | Accounts with accounts type group | |
| 2025-07-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-07-01 | SH06 | capital | Capital cancellation shares | |
| 2025-03-17 | SH06 | capital | Capital cancellation shares | |
| 2025-02-12 | SH06 | capital | Capital cancellation shares | |
| 2025-02-12 | SH06 | capital | Capital cancellation shares | |
| 2025-01-22 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-12-16 | AA | accounts | Accounts with accounts type group | |
| 2024-08-07 | SH01 | capital | Capital allotment shares | |
| 2024-06-25 | RESOLUTIONS | resolution | Resolution | |
| 2024-05-07 | SH01 | capital | Capital allotment shares | |
| 2024-03-27 | AA | accounts | Accounts with accounts type group | |
| 2024-01-19 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-01-18 | SH06 | capital | Capital cancellation shares | |
| 2024-01-18 | SH06 | capital | Capital cancellation shares | |
| 2024-01-18 | SH06 | capital | Capital cancellation shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 9
- 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.