CANARY (MIDCO 1) LIMITED
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Cash
£3.7m
+36.7% highest in 3 filed years
Net assets
£7m
-43% lowest in 3 filed years
Employees
102
-9.7% lowest in 3 filed years
Profit before tax
-£5.6m
-4.5% vs 2025
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £10,938,155 | £10,167,571 | £10,533,824 | +3.6% | |
| Operating profit | -£4,865,072 | -£3,747,883 | -£3,852,298 | -2.8% | |
| Profit before tax | -£6,242,238 | -£5,327,346 | -£5,565,100 | -4.5% | |
| Net profit | -£6,019,030 | -£5,422,977 | -£5,309,938 | +2.1% | |
| Cash | £2,209,056 | £2,733,098 | £3,736,334 | +36.7% | |
| Total assets less current liabilities | £30,489,793 | £26,693,231 | £23,060,144 | -13.6% | |
| Net assets | £17,766,695 | £12,343,718 | £7,033,780 | -43% | |
| Equity | £17,766,695 | £12,343,718 | £7,033,780 | -43% | |
| Average employees | 129 | 113 | 102 | -9.7% | |
| Wages | £6,339,565 | £5,799,699 | £5,720,658 | -1.4% | |
| Directors' remuneration | £67,596 | £278,866 | £416,954 | +49.5% | |
| Directors' pension contributions | £7,115 | £13,050 | £20,203 | +54.8% | |
| Highest paid director | £120,950 | £156,000 | £224,787 | +44.1% |
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 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|
| Operating margin | -44.5% | -36.9% | -36.6% | |
| Net margin | -55.0% | -53.3% | -50.4% | |
| Return on capital employed | -16.0% | -14.0% | -16.7% | |
| Gearing (liabilities / total assets) | 54.5% | 65.4% | 77.8% | |
| Current ratio | 0.78x | 0.79x | 0.79x | |
| Interest cover | -3.48x | -2.29x | -2.16x |
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
“The Board of Directors have assessed a period of not less than 12 months from the date of these financial statements. Taking the actual and expected financial performance, financial position, liquidity, and maturity of debt facilities of the Company and Group into account the Board of Directors believe that the Company will continue to meet its liabilities as they fall due and therefore that the going concern basis of preparation is appropriate.”
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%, Appoints 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 29 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-19 | AA | accounts | Accounts with accounts type group | |
| 2026-06-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 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 |
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.