PROJECT COMO TOPCO LIMITED
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Cash
£34M
-39.2% vs 2023
Net assets
-£441M
-23.8% vs 2023
Employees
1,269
-2.6% vs 2023
Profit before tax
-£86M
+4.6% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
6 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £324,747,000 | £446,555,000 | +37.5% | |
| Operating profit | -£39,517,000 | -£33,597,000 | +15% | |
| Profit before tax | -£89,623,000 | -£85,506,000 | +4.6% | |
| Net profit | -£89,775,000 | -£87,412,000 | +2.6% | |
| Cash | £56,386,000 | £34,276,000 | -39.2% | |
| Total assets less current liabilities | £347,342,000 | £285,457,000 | -17.8% | |
| Net assets | -£355,886,000 | -£440,684,000 | -23.8% | |
| Equity | -£355,886,000 | -£440,684,000 | -23.8% | |
| Average employees | 1,303 | 1,269 | -2.6% | |
| Wages | £40,070,000 | £42,289,000 | +5.5% | |
| Directors' remuneration | £18,151,000 | £19,780,000 | +9% |
Values shown as filed in the company's annual accounts. — 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 |
|---|---|---|---|
| Operating margin | -12.2% | -7.5% | |
| Net margin | -27.6% | -19.6% | |
| Return on capital employed | -11.4% | -11.8% | |
| Gearing (liabilities / total assets) | 188.6% | 224.6% | |
| Current ratio | 2.06x | 1.53x | |
| Interest cover | -0.77x | -0.65x |
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.
Name history
Renamed 1 time since incorporation
- PROJECT COMO TOPCO LIMITED 2022-06-07 → present
- AGHOCO 2181 LIMITED 2022-05-16 → 2022-06-07
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Consequently, the Directors are confident that the Company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.”
Group structure
- PROJECT COMO TOPCO LIMITED · parent
- Project Como Midco Limited 100%
- Project Hawk Topco 1 Limited 100%
- Project Hawk Midco Limited 100%
- Project Hawk Finco Limited 100%
- Project Hawk Bidco Limited 100%
- Ligentia Group Holdings Limited 100%
- Ligentia Group Limited 100%
- Ligentia Group Services Limited 100%
- Ligentia Holdings Limited 100%
- Ligentia UK Limited 100%
- Ligentia Logistics Limited 100%
- Ligentia Air Limited 100%
- Ligentia Investments Limited 100%
- Ligentia Asia Limited 100%
- Ligentia China (Hong Kong) Limited 100%
- Ligentia China (Shanghai) Limited 100%
- Ligentia China (Guangzhou) Limited 100%
- Ligentia Australia Pty Limited 85%
- Ligentia Vietnam Joint Stock Company 50%
- Ligentia Supply Chain Vietnam Company Limited 99%
- LLL Holdings Company Limited 100%
- Lotus Lines Limited 100%
- Ligentia Denmark APS 100%
- Ligentia Netherlands B.V 100%
- Ligentia Germany Gmbh 100%
- Ligentia Supply Chain India Private Limited 100%
- Ligentia Americas Holdings Limited 100%
- Ligentia USA Holdings inc 100%
- Ligentia USA inc 100%
- Ligentia Solid Group S.P Z.O.O 100%
- Ligentia Poland S.P Z.O.O 100%
- Ligentia Customs Agency S.P Z.O.O 100%
- Ligentia Distribution Services S.P Z.O.O 100%
- Cargosteer S.P Z.O.O 100%
- Solid Logistics S.P Z.O.O 100%
- Ultimate Consolidation Services S.P Z.O.O 100%
- Ligentia SRL Romania 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| JONES, Richard Nicholas Rostron | Director | 2023-03-28 | Apr 1966 | British |
| KHALLAF, Selim Ismail Hanafi | Director | 2026-04-14 | Jun 1982 | Egyptian |
| RAJA, Mushin Abdul Majeed | Director | 2026-04-14 | Aug 1982 | Omani |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| A G SECRETARIAL LIMITED | Corporate Secretary | 2022-05-16 | 2022-06-07 |
| CANDFIELD, Chris | Director | 2022-06-07 | 2026-04-14 |
| DOBKOWSKI, Grzegorz Jacek | Director | 2022-09-30 | 2026-04-14 |
| GILL, Daniel John | Director | 2023-03-28 | 2026-04-14 |
| GRUCHALA, Marcin Andrzej | Director | 2022-09-30 | 2026-04-14 |
| HART, Roger | Director | 2022-05-16 | 2022-06-07 |
| LEUSCH, Sebastien | Director | 2022-06-07 | 2024-04-15 |
| PATEL, Rakesh Kumar Manibhai | Director | 2022-06-07 | 2026-04-14 |
| SKOVGAARD, Jan | Director | 2023-03-28 | 2026-04-14 |
| WATTS, Garry | Director | 2023-03-28 | 2023-12-31 |
| A G SECRETARIAL LIMITED | Corporate Director | 2022-05-16 | 2022-06-07 |
| INHOCO FORMATIONS LIMITED | Corporate Director | 2022-05-16 | 2022-06-07 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Oman Investment Authority | Legal person | Voting 75–100%, Appoints directors | 2026-04-14 | Active |
| Richard Nicholas Rostron Jones | Individual | Shares 25–50%, Voting 25–50% | 2022-09-30 | Ceased 2026-04-14 |
| Equistone Partners Europe Limited | Corporate entity | Shares 25–50% | 2022-06-10 | Active |
| Inhoco Formations Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-05-16 | Ceased 2022-06-10 |
Filing timeline
Last 20 of 60 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-04-30 RESOLUTIONS Resolution
- 2026-04-30 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-05 | SH01 | capital | Capital allotment shares | |
| 2026-04-30 | RESOLUTIONS | resolution | Resolution | |
| 2026-04-30 | MA | incorporation | Memorandum articles | |
| 2026-04-28 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2026-04-28 | PSC03 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-04-28 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-04-28 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-28 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-28 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-28 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-28 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-28 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-28 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-28 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-18 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2026-03-17 | CH01 | officers | Change person director company with change date | |
| 2026-03-17 | CH01 | officers | Change person director company with change date | |
| 2026-03-17 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-06-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-06-10 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- Capital events
- 1
- Officers appointed
- 2
- Officers resigned
- 6
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.