PROJECT PANDA BIDCO LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-08-23 (in 3mo)
Last made up 2025-08-09
Watchouts
None on the register
Cash
£227
-71.2% vs 2023
Net assets
-£21M
-382.3% vs 2023
Employees
5
0% vs 2023
Profit before tax
-£17M
-365.1% 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 | — | — | — | — | |
| Operating profit | — | — | -£642,692 | -£12,815,241 | |
| Profit before tax | — | — | -£3,581,140 | -£16,655,744 | |
| Net profit | — | — | -£3,195,537 | -£16,724,652 | |
| Cash | — | — | £789 | £227 | |
| Total assets less current liabilities | — | — | £42,383,831 | £27,709,368 | |
| Net assets | — | — | -£4,374,970 | -£21,099,622 | |
| Equity | £0 | -£2,855,314 | -£4,374,970 | -£21,099,622 | |
| Average employees | — | — | 5 | 5 | |
| Wages | — | — | £729,391 | £788,643 | |
| 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
—
Not reported
-
Cash
-71.2%
£789 £227
-
Net assets
-382.3%
-£4,374,970 -£21,099,622
-
Employees
0%
5 5
-
Operating profit
-1,894%
-£642,692 -£12,815,241
-
Profit before tax
-365.1%
-£3,581,140 -£16,655,744
-
Wages
+8.1%
£729,391 £788,643
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 |
|---|---|---|---|---|---|
| Return on capital employed | — | — | -1.5% | -46.2% | |
| Gearing (liabilities / total assets) | — | — | 109.3% | 159.8% | |
| Current ratio | — | — | 0.08x | 0.03x | |
| Interest cover | — | — | -0.24x | -3.60x |
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 101
- Reporting scope
- Standalone (parent only)
- 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 company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”
Group structure
- PROJECT PANDA BIDCO LIMITED · parent
- Meet Life Sciences Limited 100%
- Meet Life Sciences Inc. 100%
- Meet Personalberatung GmbH 100%
- Meet Life Sciences Group Limited 100%
Significant events
- “On 30 December 2024, HSBC issued an amendment letter in relation to the original facilities agreement. In this amendment, the adjusted leverage financial condition was increased for the test period to 31 December 2024, to reflect the current economic conditions impacting the life sciences sector.”
- “On 30 April 2025, an amendment and restatement deed was issued to re-set the financial conditions to suit the growth strategy and direction of the wider group. Amendments to the adjusted leverage and minimum cash conditions were included.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| FRAME, Philip Thomas | Director | 2023-05-19 | 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 |
| SHAW, Alastair Lewis | Director | 2021-09-03 | Dec 1983 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FRAME, Philip Thomas | Director | 2021-08-10 | 2021-09-14 |
| 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 |
|---|---|---|---|---|
| Project Panda Topco Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2021-08-10 | Active |
Filing timeline
Last 20 of 31 total filings
Material constitutional events — rename, articles re-file, resolution
- 2021-09-15 RESOLUTIONS Resolution
- 2021-09-15 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-08-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-08 | AA | accounts | Accounts with accounts type full | |
| 2025-05-07 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-07 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-23 | AA | accounts | Accounts with accounts type full | |
| 2024-09-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-03 | AA | accounts | Accounts with accounts type full | |
| 2023-07-18 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2023-07-12 | RP04TM01 | officers | Second filing of director termination with name | |
| 2023-05-22 | TM01 | officers | Termination director company with name termination date | |
| 2023-05-22 | AP01 | officers | Appoint person director company with name date | |
| 2022-10-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-09-23 | SH02 | capital | Capital alter shares subdivision | |
| 2021-09-16 | TM01 | officers | Termination director company with name termination date | |
| 2021-09-16 | TM01 | officers | Termination director company with name termination date | |
| 2021-09-15 | RESOLUTIONS | resolution | Resolution | |
| 2021-09-15 | MA | incorporation | Memorandum articles | |
| 2021-09-10 | SH01 | capital | Capital allotment shares | |
| 2021-09-10 | AP01 | officers | Appoint person director company with name date |
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.