NORDIE 2 LIMITED
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Cash
£96K
EUR 111,807
-39.9% vs 2024
Net assets
£165M
EUR 192,867,585
+14.7% highest in 3 filed years
Employees
—
Average over period
Profit before tax
£21M
EUR 24,702,417
-15% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
5 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
3-year trend · vs Industrials 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 | £7,172,593 | £14,068,067 | £14,735,323 | +4.7% | |
| Operating profit | £15,726,381 | £38,988,685 | £35,992,087 | -7.7% | |
| Profit before tax | £8,498,330 | £24,899,640 | £21,176,526 | -15% | |
| Net profit | £8,498,330 | £24,899,640 | £21,176,526 | -15% | |
| Cash | £47,957 | £159,385 | £95,848 | -39.9% | |
| Total assets less current liabilities | £292,922,733 | £325,704,105 | — | — | |
| Net assets | £119,262,527 | £144,162,167 | £165,338,693 | +14.7% | |
| Equity | £119,262,527 | £144,162,167 | £165,338,693 | +14.7% | |
| Average employees | 0 | 0 | — | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | £0 | £0 | — | — |
Figures converted to GBP from EUR at 0.857 per EUR (Frankfurter spot rate) — hover any figure for the original. — 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 |
|---|---|---|---|---|
| Net margin | 118.5% | 177.0% | 143.7% | |
| Return on capital employed | 5.4% | 12.0% | — | |
| Gearing (liabilities / total assets) | 59.3% | 55.7% | 53.6% | |
| Interest cover | 2.17x | 2.77x | 2.43x |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- NORDIE 2 LIMITED 2023-03-25 → present
- FIBRE BUSINESS INFRASTRUCTURE LIMITED 2022-04-08 → 2023-03-25
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on this assessment, the Directors have a reasonable expectation that the Company will have sufficient resources to meet its liabilities as they fall due for a period of at least 12 months from the date of approval of these financial statements. Accordingly, the Directors have adopted the going concern basis in preparing the financial statements.”
Group structure
- NORDIE 2 LIMITED · parent
- Nordie France 100%
- Altitude Infra 19.5%
Significant events
- “Subsequent to the reporting date, a conflict began in Iran and the wider Middle East, contributing to increased geopolitical uncertainty in global markets.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| FARNHILL, Russell Alan | Director | 2025-11-06 | Jun 1975 | British |
| GEORGE, Philip Roger Perkins | Director | 2023-07-24 | Jul 1971 | British |
| LEVERD, Clement David Baptiste | Director | 2024-11-20 | Aug 1986 | French |
| MANCHANDA, Dhruv | Director | 2026-06-18 | Mar 1990 | British |
| TINER, Mark Andrew James | Director | 2026-06-18 | Sep 1981 | British |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MENDES, Emily | Secretary | 2022-04-08 | 2025-09-22 |
| JARMANY, David James | Director | 2022-04-08 | 2023-03-22 |
| MURPHY, Luke Anthony | Director | 2023-07-24 | 2024-02-23 |
| RESCANIERES, Axel | Director | 2024-02-28 | 2026-01-19 |
| ROBSON, Patrick Thomas | Director | 2022-04-08 | 2024-02-23 |
| SMITH, Benjamin George | Director | 2023-03-22 | 2025-11-06 |
| THORNELOE, Simon Darius | Director | 2024-02-28 | 2026-06-18 |
| TINER, Mark Andrew James | Director | 2026-01-19 | 2026-06-18 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Nordie Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-03-27 | Active |
| Infrastructure Investments Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-04-08 | Ceased 2023-03-27 |
Filing timeline
Last 20 of 45 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-01 | AP01 | officers | Appoint person director company with name date | |
| 2026-07-01 | AP01 | officers | Appoint person director company with name date | |
| 2026-06-24 | TM01 | officers | Termination director company with name termination date | |
| 2026-06-18 | TM01 | officers | Termination director company with name termination date | |
| 2026-06-09 | AA | accounts | Accounts with accounts type full | |
| 2026-04-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-22 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-22 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-11 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-11 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-02 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-04-29 | AA | accounts | Accounts with accounts type full | |
| 2025-04-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-20 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-23 | AA | accounts | Accounts with accounts type full | |
| 2024-04-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-03-04 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-04 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-04 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-04 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 11
- Capital events
- 0
- Officers appointed
- 3
- Officers resigned
- 5
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.