PROJECT PENNY LIMITED
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Next accounts due
2026-08-31 (in 3mo)
Last filed for 2024-11-30
Confirmation statement due
2026-10-18 (in 5mo)
Last made up 2025-10-04
Watchouts
None on the register
Cash
£2M
Latest balance sheet
Net assets
-£9M
Equity attributable
Employees
277
Average over period
Profit before tax
-£9M
Period ending 2024-11-30
Net assets
1-year trend · vs Telecommunications median
Accounts
1-year trend · latest reflected 2024-11-30
| Metric | Trend | 2024-11-30 |
|---|---|---|
| Turnover | £13,329,774 | |
| Operating profit | -£2,181,876 | |
| Profit before tax | -£8,797,284 | |
| Net profit | -£8,939,279 | |
| Cash | £1,799,737 | |
| Total assets less current liabilities | £36,337,484 | |
| Net assets | -£8,538,594 | |
| Equity | -£8,538,594 | |
| Average employees | 277 | |
| Wages | £6,253,958 | |
| Directors' remuneration | £717,017 |
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
Latest filed period vs the prior one
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-11-30 |
|---|---|---|
| Operating margin | -16.4% | |
| Net margin | -67.1% | |
| Return on capital employed | -6.0% | |
| Current ratio | 0.22x | |
| Interest cover | -0.33x |
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
- Azets Audit Services
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Group has incurred a loss for the financial year ended 2024 amounting to £8,939,279, and, as at the balance sheet date, it has net liabilities of £8,538,594. These conditions indicate the existence of a material uncertainty that may cast significant doubt about the Group's ability to continue as a going concern. However, the Directors have reviewed the Group's plans and forecasts, the bank financing in place to meet projected funding and cashflow requirements, and believe that the Group can continue to meet its obligations for at least the next 12 months. The financial statements have therefore been prepared on a going concern basis.”
Group structure
- PROJECT PENNY LIMITED · parent
- Asset Services Group Limited 100%
- Assets Services Limited 100%
- Internet Communications (Services) Limited 100%
- PHD In Communications Limited 100%
- ICLPearl Limited 100%
- Best Business Services Limited 100%
- Message Direct Limited 100%
Significant events
- “On 13 December 2023, the Group acquired 100% of the issued share capital of Asset Services Group Limited.”
- “On 12 August 2024, the Group also acquired 100% of the issued share capital of Best Business Services Limited, strengthening its market presence and expanding its service capabilities.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BELL, Jonathan Scott | Director | 2025-03-11 | Nov 1974 | British |
| CLARK, Colin John | Director | 2024-09-10 | Nov 1975 | British |
| CULLEN, Trystan Jones | Director | 2023-12-13 | May 1989 | British |
| HOPKINS, Robert David Moreland | Director | 2025-11-01 | Oct 1974 | British |
| OPPERMAN, Peter Adam Ernest | Director | 2023-12-13 | Feb 1961 | British |
| WEST, Gary James | Director | 2023-12-13 | Mar 1967 | British |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DONALDSON, John | Secretary | 2024-07-01 | 2024-12-31 |
| JONES, Simon | Secretary | 2025-03-11 | 2025-05-30 |
| DONALDSON, John Alistair | Director | 2024-07-23 | 2024-12-31 |
| GASSNER, John Paul | Director | 2024-12-31 | 2025-03-11 |
| GASSNER, John | Director | 2023-12-13 | 2024-12-31 |
| STRIKE, Duncan John | Director | 2023-10-05 | 2024-07-03 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ldc Gp Llp | Corporate entity | Shares 75–100% | 2023-12-13 | Active |
| Mr Duncan John Strike | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-10-05 | Ceased 2023-12-13 |
Filing timeline
Last 20 of 33 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-13 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-27 | AA | accounts | Accounts with accounts type group | |
| 2025-05-30 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-03-25 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-03-24 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-24 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-09 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-09 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-10-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-09-10 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-24 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-03 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-07-03 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-22 | AA01 | accounts | Change account reference date company current extended | |
| 2024-03-01 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-11 | CH01 | officers | Change person director company with change date | |
| 2024-01-10 | SH08 | capital | Capital name of class of shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
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.