TWIN BRIDGES 2023-1 PLC
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-12-31
Confirmation statement due
2027-02-12 (in 9mo)
Last made up 2026-01-29
Watchouts
Cash
£20M
+41.5% vs 2023
Net assets
£935K
+147.8% vs 2023
Employees
0
Average over period
Profit before tax
£13K
+62.5% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The Directors however note that the loan notes are due to reach their optional redemption date in June 2026. As the optional redemption date falls within the going concern period, it represents a material uncertainty that may cast doubt on the ability of the company to continue as a going concern
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | — | — | |
| Operating profit | £6,739,000 | £3,362,000 | |
| Profit before tax | £8,000 | £13,000 | |
| Net profit | £6,000 | £11,000 | |
| Cash | £14,270,000 | £20,190,000 | |
| Total assets less current liabilities | — | — | |
| Net assets | -£1,955,000 | £935,000 | |
| Equity | -£1,955,000 | £935,000 | |
| Average employees | 0 | 0 | |
| Wages | — | — | |
| Directors' remuneration | £0 | £0 |
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
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
—
Not reported
-
Cash
+41.5%
£14,270,000 £20,190,000
-
Net assets
+147.8%
-£1,955,000 £935,000
-
Employees
—
Not reported
-
Operating profit
-50.1%
£6,739,000 £3,362,000
-
Profit before tax
+62.5%
£8,000 £13,000
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Gearing (liabilities / total assets) | 100.5% | 99.6% | |
| Interest cover | 0.64x | 0.23x |
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
- UK-adopted international accounting standards
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The Directors however note that the loan notes are due to reach their optional redemption date in June 2026. As the optional redemption date falls within the going concern period, it represents a material uncertainty that may cast doubt on the ability of the company to continue as a going concern”
Significant events
- “Subsequent to the reporting period, there has been increased uncertainty in the global economic environment due to newly announced or proposed tariffs under the Trump administration's trade policy.”
- “inflation has reduced since 2023 and at year end is only marginally above the Bank of England's target of 2%.”
- “The Bank of England began to reduce interest rates during summer of 2024”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CSC CORPORATE SERVICES (LONDON) LIMITED | Corporate Secretary | 2023-01-30 | — | — |
| WHITAKER, Paivi Helena | Director | 2023-01-30 | Jan 1963 | Finnish |
| CSC DIRECTORS (NO.3) LIMITED | Corporate Director | 2023-01-30 | — | — |
| CSC DIRECTORS (NO.4) LIMITED | Corporate Director | 2023-01-30 | — | — |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Twin Bridges 2023-1 Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-01-30 | Active |
Filing timeline
Last 20 of 23 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-04 | AA | accounts | Accounts with accounts type full | |
| 2025-04-26 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-04-26 | CH01 | officers | Change person director company with change date | |
| 2025-04-26 | CH02 | officers | Change corporate director company with change date | |
| 2025-04-26 | CH02 | officers | Change corporate director company with change date | |
| 2025-04-26 | CH04 | officers | Change corporate secretary company with change date | |
| 2025-04-14 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-02-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-06 | CH02 | officers | Change corporate director company with change date | |
| 2025-02-06 | CH02 | officers | Change corporate director company with change date | |
| 2025-02-06 | CH04 | officers | Change corporate secretary company with change date | |
| 2024-06-11 | AA | accounts | Accounts with accounts type full | |
| 2024-02-07 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-10-05 | SH01 | capital | Capital allotment shares | |
| 2023-06-26 | CH01 | officers | Change person director company with change date | |
| 2023-05-12 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-05-11 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-04-19 | CERT8A | incorporation | Legacy | |
| 2023-04-19 | SH50 | reregistration | Application trading certificate |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.