PROJECT GLOW BIDCO LIMITED

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

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

  —

  Not reported

• Cash

  0%

  £1,499 → £1,499

• Net assets

  -178.1%

  £2,585,274 → -£2,018,031

• Employees

  —

  Not reported

• Operating profit

  +19.6%

  -£77,220 → -£62,107

• Profit before tax

  -18.5%

  -£3,884,227 → -£4,603,305

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

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

RSM UK Audit LLP

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 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 GLOW BIDCO LIMITED · parent
   1. The Beauty Tech Group Limited 100% · England
   2. ZIIP Inc* 100% · United States
   3. Aesthete Holding Corporation* 100% · United States
   4. The Beauty Tech Group B.V (formerly Currentbody B.V.)* 100% · Netherlands
   5. The Beauty Tech Group LLC (formerly Currentbody LLC)* 100% · United States
   6. Glow Services HK Limited (formerly Currentbody.com HK Limited)* 100% · Hong Kong
   7. CBT At-Home Beauty Holdings PTE * 100% · Singapore
   8. CBT At-Home Beauty (Shanghai) Ltd * 100% · PRC
   9. The Beauty Tech Group Japan Godo Kaisha* 100% · Japan
   10. Currentbody Skin Ltd* 100% · England
   11. Tria Laser Inc* 100% · United States

Significant events

• “The group headed by Project Glow Bidco Limited has successfully completed a refinancing arrangement with Santander, securing new facilities comprising Loan A of £15 million at an interest rate of 3.25% plus base rate per annum and Loan B of £10 million at an interest rate of 3.75% plus base rate per annum, both repayable over a three-year term. Additionally, a Trade Finance facility has been established at a rate of 2% plus base rate per annum. The proceeds from these facilities have been used to repay the existing bank loans as well as a significant portion of the group's outstanding loan notes and preference shares, thereby improving the group's liquidity position and reducing financial risk. Preference shares of £999,956 were settled as were £11,413,838 of loan notes.”

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

Filings

14

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

3

last 12 months

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