CANARY (MIDCO 1) LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-06-17 (in 1mo)
Last made up 2025-06-03
Watchouts
None on the register
Cash
£3M
+23.7% vs 2024
Net assets
£12M
-30.5% lowest in 3 filed years
Employees
113
-12.4% vs 2024
Profit before tax
-£5M
+14.7% vs 2024
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · latest reflected 2025-03-31
| Metric | Trend | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|
| Turnover | — | £10,938,155 | £10,167,571 | |
| Operating profit | — | -£4,865,072 | -£3,747,883 | |
| Profit before tax | — | -£6,242,238 | -£5,327,346 | |
| Net profit | -£277,127 | -£6,019,030 | -£5,422,977 | |
| Cash | — | £2,209,056 | £2,733,098 | |
| Total assets less current liabilities | £31,166,680 | £30,489,793 | £26,693,231 | |
| Net assets | £26,610,865 | £17,766,695 | £12,343,718 | |
| Equity | £26,610,865 | £17,766,695 | £12,343,718 | |
| Average employees | 2 | 129 | 113 | |
| Wages | — | £6,339,565 | £5,799,699 | |
| Directors' remuneration | — | £67,596 | £278,866 |
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
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
-7%
£10,938,155 £10,167,571
-
Cash
+23.7%
£2,209,056 £2,733,098
-
Net assets
-30.5%
£17,766,695 £12,343,718
lowest in 3 filed years
-
Employees
-12.4%
129 113
-
Operating profit
+23%
-£4,865,072 -£3,747,883
-
Profit before tax
+14.7%
-£6,242,238 -£5,327,346
-
Wages
-8.5%
£6,339,565 £5,799,699
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 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|
| Operating margin | — | -44.5% | -36.9% | |
| Net margin | — | -55.0% | -53.3% | |
| Return on capital employed | — | -16.0% | -14.0% | |
| Gearing (liabilities / total assets) | — | 54.5% | 65.4% | |
| Current ratio | — | 0.78x | 0.79x | |
| Interest cover | — | -3.48x | -2.29x |
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
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Larking Gowen 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 Group's or the parent 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
- CANARY (MIDCO 1) LIMITED · parent
- Canary (Midco 2) Limited 100%
- Canary (Bidco) Limited 100%
- Cornwall Insight Group Limited 100%
- Cornwall Insight Limited 100%
- Pixie Energy Limited 100%
- Cornwall Insight Ireland Limited 100%
- Cornwall Insight Australia Pty Ltd 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HUTCHINSON, Helen Janet | Director | 2026-02-23 | Oct 1978 | British |
| MORRIS, Daniel Patrick | Director | 2024-09-23 | Jan 1976 | British |
| SATSANGI, Rahul | Director | 2025-02-11 | Mar 1980 | British |
| TORBET, David | Director | 2025-02-11 | Feb 1978 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BEE, Oliver Jeffrey | Director | 2024-06-26 | 2025-09-12 |
| ELLIOTT, Thomas James | Director | 2022-06-09 | 2024-06-25 |
| FIELD, Nicholas William | Director | 2023-10-26 | 2026-04-10 |
| MANI, Roy Benjamin Kurien | Director | 2022-06-09 | 2025-02-11 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Bowmark Capital Llp | Corporate entity | Significant influence | 2022-06-24 | Active |
| Bowmark Growth Gp Llp | Corporate entity | Shares 50–75%, right-to-appoint-and-remove-directors-as-firm | 2022-06-24 | Active |
| Bowmark Growth Investment Partnership Nominees Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2022-06-09 | Ceased 2022-06-24 |
| Bowmark Growth Partners Nominees Limited | Corporate entity | Shares 50–75%, Voting 50–75% | 2022-06-09 | Ceased 2022-06-24 |
Filing timeline
Last 20 of 27 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-14 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-09 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-15 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-13 | AA | accounts | Accounts with accounts type group | |
| 2025-06-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-17 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-17 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-17 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-17 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-24 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-13 | AA | accounts | Accounts with accounts type group | |
| 2024-07-26 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-19 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-12-21 | AA | accounts | Accounts with accounts type group | |
| 2023-11-09 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-11-09 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-11-09 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-11-09 | CH01 | officers | Change person director company with change date | |
| 2023-11-09 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-11-09 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 2
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.