PROJECT DOUGLAS BIDCO LIMITED
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Cash
£8.2k
Latest balance sheet
Net assets
-£1.5m
-115.5% vs 2025
Employees
—
Average over period
Profit before tax
-£793k
-15.5% vs 2025
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2025-03-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £100,000 | £100,000 | 0% | |
| Operating profit | £47,023 | £27,263 | -42% | |
| Profit before tax | -£686,509 | -£792,694 | -15.5% | |
| Net profit | -£686,509 | -£792,694 | -15.5% | |
| Cash | — | £8,212 | — | |
| Total assets less current liabilities | £5,563,221 | £4,770,527 | -14.2% | |
| Net assets | -£686,509 | -£1,479,203 | -115.5% | |
| Equity | -£686,509 | -£1,479,203 | -115.5% | |
| Average employees | — | — | — | |
| Wages | — | — | — | |
| Directors' remuneration | — | — | — |
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 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|
| Operating margin | 47.0% | 27.3% | |
| Return on capital employed | 0.8% | 0.6% | |
| Gearing (liabilities / total assets) | 102.9% | 106.2% | |
| Current ratio | 0.00x | 0.00x | |
| Interest cover | 0.06x | 0.03x |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Cooper Parry Group Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.”
Group structure
- PROJECT DOUGLAS BIDCO LIMITED · parent
- Skewb Ltd 100%
Significant events
- “On 9 April 2024 and to finance the acquisition of 100% of the share capital of Skewb Ltd, the company created and issued the following loan notes.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DOUGLAS, Steven | Director | 2024-04-09 | Apr 1974 | British |
| SESHADRI, Indu | Director | 2024-04-09 | Aug 1979 | British |
| SESHADRI, Shashi Nandan | Director | 2024-03-13 | May 1978 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Project Douglas Topco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-03-13 | Active |
Filing timeline
Last 16 of 16 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-07-17 RESOLUTIONS Resolution
- 2026-07-17 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-18 | AA | accounts | Accounts with accounts type full | |
| 2026-07-17 | RESOLUTIONS | resolution | Resolution | |
| 2026-07-17 | MA | incorporation | Memorandum articles | |
| 2026-07-07 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-06-26 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-03-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-05 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-07-31 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-07-22 | AA | accounts | Accounts with accounts type full | |
| 2025-03-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-23 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-04-11 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-11 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-04-10 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-25 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-03-13 | NEWINC | incorporation | Incorporation company |
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.