INDEPENDENCE BIDCO LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-07-12 (in 2mo)
Last made up 2025-06-28
Watchouts
None on the register
Cash
£13K
-46.1% lowest in 3 filed years
Net assets
-£8M
-82.8% lowest in 3 filed years
Employees
7
0% vs 2024
Profit before tax
-£4M
+9% vs 2024
Net assets
4-year trend · vs Industrials median
Accounts
4-year trend · latest reflected 2025-03-31
| Metric | Trend | 2023-03-31 | 2023-04-01 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|
| Turnover | — | — | — | — | |
| Operating profit | — | — | -£975,053 | -£630,759 | |
| Profit before tax | — | — | -£4,025,493 | -£3,662,121 | |
| Net profit | — | — | -£4,025,493 | -£3,662,121 | |
| Cash | £547,240 | — | £24,422 | £13,175 | |
| Total assets less current liabilities | £7,380,585 | — | £7,640,573 | £12,426,171 | |
| Net assets | -£396,258 | — | -£4,421,751 | -£8,083,872 | |
| Equity | -£396,258 | -£396,258 | -£4,421,751 | -£8,083,872 | |
| Average employees | 1 | — | 7 | 7 | |
| Wages | — | — | — | — | |
| Directors' remuneration | — | — | £184,122 | £224,377 |
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
—
Not reported
-
Cash
-46.1%
£24,422 £13,175
lowest in 3 filed years
-
Net assets
-82.8%
-£4,421,751 -£8,083,872
lowest in 3 filed years
-
Employees
0%
7 7
-
Operating profit
+35.3%
-£975,053 -£630,759
-
Profit before tax
+9%
-£4,025,493 -£3,662,121
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 | 2023-04-01 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|
| Return on capital employed | — | — | -12.8% | -5.1% | |
| Current ratio | — | — | 0.47x | 0.66x | |
| Interest cover | — | — | -0.23x | -0.13x |
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
- Standalone (parent only)
- Auditor
- MHA
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The company made an operating loss for the period and has net current liabilities. The company meets its working capital requirements through financial support from the ultimate controlling party and is dependent on this continuing support. The Directors are confident the support will continue to be made available to allow the company to trade for the foreseeable future. For this reason the financial statements have been prepared on a going concern basis which presumes the realisation of assets and liabilities in the normal course of business.”
Group structure
- INDEPENDENCE BIDCO LIMITED · parent
- Boston Group Newco Limited 100%
- Boston Group Newco (IOM) Limited 100%
- Solstice Fed Limited 100%
- Solstice Limited 100%
- Holborn Tax Services Limited 100%
- Boston Advisory (Isle of Man) Limited 100%
- Boston Limited 100%
- Boston Accounting and Tax Ltd 100%
- Boston Group Newco (Malta) Limited 100%
- Boston Malta Advisory Limited 100%
- Boston Trust Limited 100%
- Aqua Trust Group Holdings Limited 100%
- Aqua UK Holdings Limited 100%
- Aqua Trust Company Limited 100%
- Aqua Fund Services Limited 100%
- Aqua Nominees Limited 100%
- Aqua Nominees (No.1) Limited 100%
- Aqua Secretaries Limited 100%
- Aqua Trust Services Malta Limited 100%
Significant events
- “Subsequent to the year end, the Group refinanced its existing loan facility. On 21 July 2025, a new facility of £23,800,000 was agreed with HSBC. The facility is repayable over a term of 7 years and currently carries a blended interest rate of 5.25% plus SONIA.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ELLIS, Katherine Sarah | Director | 2022-10-13 | Sep 1978 | British |
| GILBERT, Nicholas John | Director | 2023-03-23 | Dec 1982 | British |
| GRAINGER, Richard Stuart | Director | 2024-03-27 | Jul 1960 | British |
| LEWIS, Adam Stephen | Director | 2024-03-27 | Jan 1982 | British |
| MCNEE, Alexander Fleming | Director | 2022-10-13 | Oct 1970 | British |
| MORRIS, Matthew David Andrew | Director | 2024-03-27 | Apr 1992 | British |
| WILSON, Stephen Watermeyer | Director | 2023-03-23 | Jun 1979 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| LEWIS, Adam Stephen | Director | 2022-06-29 | 2023-02-23 |
| MORRIS, Matthew David Andrew | Director | 2022-06-29 | 2023-02-23 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Independence Midco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-06-29 | Active |
Filing timeline
Last 20 of 24 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-19 | AA | accounts | Accounts with accounts type full | |
| 2025-08-06 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-07-23 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-07-23 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-07-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-24 | CH01 | officers | Change person director company with change date | |
| 2024-12-12 | AA | accounts | Accounts with accounts type full | |
| 2024-06-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-28 | CH01 | officers | Change person director company with change date | |
| 2024-03-27 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-27 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-27 | AP01 | officers | Appoint person director company with name date | |
| 2023-12-15 | AA | accounts | Accounts with accounts type unaudited abridged | |
| 2023-07-12 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-06-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-04-05 | AP01 | officers | Appoint person director company with name date | |
| 2023-04-05 | AP01 | officers | Appoint person director company with name date | |
| 2023-02-28 | TM01 | officers | Termination director company with name termination date | |
| 2023-02-28 | TM01 | officers | Termination director company with name termination date | |
| 2022-10-13 | 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
- 0
- Officers resigned
- 0
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.