BASSWOOD OPERATIONS LIMITED
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Cash
£535k
USD 721,081
+0.3% vs 2024
Net assets
£1.3m
USD 1,750,087
-3% lowest in 3 filed years
Employees
22
+46.7% highest in 3 filed years
Profit before tax
-£4.7m
USD -6,282,861
+2.2% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
2 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
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 | — | — | — | — | |
| Operating profit | -£2,639,367 | -£4,764,695 | -£4,739,292 | +0.5% | |
| Profit before tax | -£2,623,722 | -£4,767,494 | -£4,662,606 | +2.2% | |
| Net profit | -£2,623,722 | -£4,767,494 | -£4,662,606 | +2.2% | |
| Cash | £1,677,770 | £533,571 | £535,125 | +0.3% | |
| Total assets less current liabilities | — | £1,339,500 | £1,298,766 | -3% | |
| Net assets | £1,508,336 | £1,339,500 | £1,298,766 | -3% | |
| Equity | £1,508,336 | £1,339,500 | £1,298,766 | -3% | |
| Average employees | 8 | 15 | 22 | +46.7% | |
| Wages | £623,194 | £1,554,973 | £2,151,223 | +38.3% | |
| Directors' remuneration | £149,452 | £749,335 | £893,742 | +19.3% | |
| Directors' pension contributions | — | £21,141 | £25,187 | +19.1% | |
| Highest paid director | — | £173,646 | £134,489 | -22.5% |
Figures converted to GBP from USD at 0.742 per USD (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 |
|---|---|---|---|---|
| Return on capital employed | — | -355.7% | -364.9% | |
| Gearing (liabilities / total assets) | 15.0% | 23.6% | 27.5% | |
| Current ratio | 6.61x | 4.04x | 3.49x |
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 4 times since incorporation
- BASSWOOD OPERATIONS LIMITED 2026-02-02 → present
- PROSPERITY INSTITUTE LIMITED 2024-05-23 → 2026-02-02
- LEGATUM INSTITUTE LIMITED 2023-03-17 → 2024-05-23
- MANDEVILLE RESEARCH LIMITED 2023-02-14 → 2023-03-17
- 11 CHARLES ST LIMITED 2022-12-15 → 2023-02-14
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLC
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have considered the financial position and performance of the Company and have a reasonable expectation that the Company will continue in operational existence for the period of not less than twelve months from the date of approval of the Financial Statements. The Company is able to call on funding from its parent, Legatum Global Holdings Limited (BVI-incorporated), to meet ongoing liabilities as they fall due. Additionally, the Directors of the Company have assessed Legatum Global Holdings Limited's ability and intent to provide such funding if required, by receiving written assurance confirming its financial support for the same period. Accordingly, the Financial Statements have been prepared on a going concern basis.”
Significant events
- “On 2 March 2026, a Deed of Transfer was entered into between Basswood Operations Limited (formerly Prosperity Institute Limited) and Prosperity Institute... to transfer the research and policy staff and associated research and policy contracts... All building and hospitality operations... remain with Basswood Operations Limited... the principal activity of the Company has been changed to "combined facilities support activities".”
- “As of 9 April 2026, the lease with Basswood Properties Limited was terminated.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| VICKERS, Robert Charles | Secretary | 2022-12-15 | — | — |
| LEAMAN, Kate | Director | 2024-03-28 | Jun 1981 | British |
| VICKERS, Robert Charles | Director | 2025-02-20 | Mar 1977 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ELLER, Gage | Director | 2023-10-23 | 2025-02-21 |
| MCCORMICK, Alan James | Director | 2022-12-15 | 2024-01-03 |
| STOLESON, Mark Alan | Director | 2022-12-15 | 2024-03-29 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Philip Anthony Vassiliou | Individual | Significant influence | 2024-12-31 | Active |
| Alan James Mccormick | Individual | Significant influence | 2022-12-15 | Ceased 2025-05-12 |
| Mark Alan Stoleson | Individual | Significant influence | 2022-12-15 | Ceased 2024-12-31 |
| Christopher Chandler | Individual | Significant influence | 2022-12-15 | Active |
| Mr Richard Edward Douglas | Individual | Significant influence | 2022-12-15 | Active |
Filing timeline
Last 20 of 29 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-02-02 CERTNM Certificate change of name company
- 2026-02-02 CONNOT Change of name notice
- 2024-05-23 CERTNM Certificate change of name company
- 2024-05-23 CONNOT Change of name notice
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-14 | AA | accounts | Accounts with accounts type full | |
| 2026-05-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-03-12 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-02-02 | CERTNM | change-of-name | Certificate change of name company | |
| 2026-02-02 | CONNOT | change-of-name | Change of name notice | |
| 2025-10-03 | AA | accounts | Accounts with accounts type full | |
| 2025-05-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-24 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-24 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-08 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-01-08 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-09-22 | AA | accounts | Accounts with accounts type full | |
| 2024-05-23 | CERTNM | change-of-name | Certificate change of name company | |
| 2024-05-23 | CONNOT | change-of-name | Change of name notice | |
| 2024-05-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-29 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-29 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-04 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-23 | AP01 | officers | Appoint person director company with name date | |
| 2023-05-10 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- 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.