PROJECT PANDA TOPCO LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-08-22 (in 3mo)
Last made up 2025-08-08
Watchouts
None on the register
Cash
£6M
-1% vs 2023
Net assets
-£18M
-415.5% vs 2023
Employees
162
-28.6% vs 2023
Profit before tax
-£15M
-277.7% vs 2023
Net assets
4-year trend · vs Consumer Discretionary median
Accounts
4-year trend · latest reflected 2024-12-31
| Metric | Trend | 2021-08-08 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Turnover | — | — | £63,422,289 | £64,878,492 | |
| Operating profit | — | — | -£1,015,453 | -£11,083,321 | |
| Profit before tax | — | — | -£3,996,527 | -£15,093,753 | |
| Net profit | — | — | -£3,590,051 | -£14,880,526 | |
| Cash | — | — | £6,042,829 | £5,983,205 | |
| Total assets less current liabilities | — | — | £44,940,984 | £32,845,477 | |
| Net assets | — | — | -£3,554,883 | -£18,327,150 | |
| Equity | £0 | -£292,717 | -£3,554,883 | -£18,327,150 | |
| Average employees | — | — | 227 | 162 | |
| Wages | — | — | £17,674,827 | £14,187,829 | |
| Directors' remuneration | — | — | £578,602 | £850,183 |
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
+2.3%
£63,422,289 £64,878,492
-
Cash
-1%
£6,042,829 £5,983,205
-
Net assets
-415.5%
-£3,554,883 -£18,327,150
-
Employees
-28.6%
227 162
-
Operating profit
-991.5%
-£1,015,453 -£11,083,321
-
Profit before tax
-277.7%
-£3,996,527 -£15,093,753
-
Wages
-19.7%
£17,674,827 £14,187,829
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 | 2021-08-08 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Operating margin | — | — | -1.6% | -17.1% | |
| Net margin | — | — | -5.7% | -22.9% | |
| Return on capital employed | — | — | -2.3% | -33.7% | |
| Gearing (liabilities / total assets) | — | — | 106.6% | 141.7% | |
| Current ratio | — | — | 1.80x | 1.50x | |
| Interest cover | — | — | -0.37x | -2.98x |
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
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Saffery LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have at the time of approving the financial statements, a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. The directors have forecast profit and loss, financial position and cash flows for at least 12 months from the date of financial statement approval. The directors have considered assumptions about the level of future sales, margins and the level of cash recovery from trading. In the opinion of the directors, there are no key assumptions in deriving these forecasts in which a reasonably possible change could result in a material uncertainty over going concern. Management confirm no financial condition breaches occurred during the period or post year-end. On the basis of the matters above, directors continue to adopt the going concern basis of accounting in preparing the financial statements.”
Group structure
- PROJECT PANDA TOPCO LIMITED · parent
- Project Panda Bidco Limited 100%
- Meet Life Sciences Limited 100%
- Meet Life Sciences Inc. 100%
- Meet Personalberatung GmbH 100%
- Meet Life Sciences Group Limited 100%
Significant events
- “The directors have assessed events occurring after the reporting date up to the date of approval and concluded that there were no events requiring adjustment to or disclosure in the financial statements.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| FRAME, Philip Thomas | Director | 2021-08-09 | Mar 1983 | British |
| HAIGH, Hannah Margaret | Director | 2021-09-03 | Aug 1983 | British |
| HAYNES, Chris John Latimer | Director | 2025-04-30 | Mar 1969 | British |
| ROUND, Anton | Director | 2021-09-03 | Jan 1980 | British |
| TIMMS, Glenn Gordon | Director | 2023-05-19 | Jun 1961 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HERNIMAN, Stephen Robert | Director | 2021-09-03 | 2025-04-30 |
| MAY, Liam Steven | Director | 2021-09-02 | 2021-09-14 |
| STENTON, Raymond | Director | 2021-09-03 | 2023-05-19 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Northedge Capital Iii Gp Llp | Corporate entity | Significant influence | 2021-09-03 | Active |
| Northedge Capital Llp | Corporate entity | Significant influence | 2021-09-03 | Active |
| Philip Thomas Frame | Individual | Shares 75–100%, Voting 75–100% | 2021-08-09 | Ceased 2021-09-03 |
Filing timeline
Last 20 of 42 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-03-16 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-08-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-08 | AA | accounts | Accounts with accounts type group | |
| 2025-05-07 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-07 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-24 | AA | accounts | Accounts with accounts type group | |
| 2024-09-16 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2024-09-06 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-08-22 | CS01 | confirmation-statement | Confirmation statement | |
| 2023-08-03 | AA | accounts | Accounts with accounts type group | |
| 2023-07-21 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-07-12 | RP04TM01 | officers | Second filing of director termination with name | |
| 2023-06-16 | RP05 | address | Default companies house registered office address applied | |
| 2023-05-23 | AP01 | officers | Appoint person director company with name date | |
| 2023-05-23 | TM01 | officers | Termination director company with name termination date | |
| 2023-03-16 | RESOLUTIONS | resolution | Resolution | |
| 2023-03-16 | SH03 | capital | Capital return purchase own shares | |
| 2023-03-14 | SH06 | capital | Capital cancellation shares | |
| 2023-02-23 | RP04SH01 | capital | Second filing capital allotment shares | |
| 2022-10-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-10-20 | RP04SH01 | capital | Second filing capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- 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.