PROJECT GAIA TOPCO LIMITED
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Cash
£8.6m
Latest balance sheet
Net assets
-£17m
Equity attributable
Employees
445
Average over period
Profit before tax
-£8.3m
Period ending 2025-10-31
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 2025-10-31
| Metric | Trend | 2024-10-31 | 2025-10-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £18,813,000 | £44,872,000 | — | |
| Operating profit | -£2,168,000 | £2,132,000 | — | |
| Profit before tax | -£7,086,000 | -£8,304,000 | — | |
| Net profit | -£8,156,000 | -£10,195,000 | — | |
| Cash | £4,650,000 | £8,624,000 | — | |
| Total assets less current liabilities | £100,798,000 | £97,242,000 | — | |
| Net assets | -£7,176,000 | -£17,371,000 | — | |
| Equity | -£7,176,000 | -£17,371,000 | — | |
| Average employees | 303 | 445 | — | |
| Wages | £11,111,000 | £20,664,000 | — | |
| Directors' remuneration | £484,000 | £1,044,000 | — | |
| Directors' pension contributions | £18,000 | £40,000 | — | |
| Highest paid director | £133,000 | £322,000 | — |
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 —. Year-on-year comparison hidden: this filing covers about 12 months versus 7 months prior. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-10-31 | 2025-10-31 |
|---|---|---|---|
| Operating margin | -11.5% | 4.8% | |
| Net margin | -43.4% | -22.7% | |
| Return on capital employed | -2.2% | 2.2% | |
| Gearing (liabilities / total assets) | 106.2% | 114.8% | |
| Current ratio | 2.08x | 2.02x | |
| Interest cover | -0.44x | 0.20x |
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
- RSM UK Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's or the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- PROJECT GAIA TOPCO LIMITED · parent
- Project Gaia Midco 1 Limited 100%
- Project Gaia Bidco Limited 100%
- Utilitas Holdings Limited 100%
- Utilitas Limited 100%
- Sustainable Energy First Limited 100%
- Inenco Holdings Limited 100%
- Inenco Group Limited 100%
- Inenco Limited 100%
- Inenco Energy Trading Limited 100%
- Peer2Peer Energy Limited 100%
Significant events
- “In February 2026, the Group made a strategic investment in a renewable energy platform business that uses technology to facilitate secure, high-value power purchase agreements (PPAs).”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ABBOTT, Michael Edward | Director | 2024-04-25 | Jul 1967 | British |
| BAHADUR, Yaseen | Director | 2024-04-25 | Oct 1977 | British |
| BURNS, Luke | Director | 2024-04-07 | Feb 1988 | British |
| CLARKSON, Shaun | Director | 2024-04-25 | Sep 1964 | British |
| ELLIS, Thomas David | Director | 2024-04-25 | Feb 1980 | British |
| MARSH, Andrew Neil | Director | 2024-04-25 | Jul 1970 | British |
| MAYALL, Anthony | Director | 2024-04-25 | Jan 1974 | British |
| RUSSELL, Christopher Mark | Director | 2024-04-25 | Mar 1980 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Dale Russell Shaun Priestley | Individual | Shares 25–50%, Voting 25–50% | 2024-04-25 | Active |
| Beech Tree General Partner Iv Llp | Corporate entity | Shares 25–50%, Voting 25–50% | 2024-04-07 | Active |
Filing timeline
Last 20 of 24 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-05-14 RESOLUTIONS Resolution
- 2024-05-14 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-13 | AA | accounts | Accounts with accounts type group | |
| 2026-06-26 | SH01 | capital | Capital allotment shares | |
| 2026-06-18 | TM01 | officers | Termination director company with name termination date | |
| 2026-05-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-04 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-08-21 | AA | accounts | Accounts with accounts type group | |
| 2025-05-23 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-05-23 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-05-17 | SH01 | capital | Capital allotment shares | |
| 2024-05-14 | RESOLUTIONS | resolution | Resolution | |
| 2024-05-14 | MA | incorporation | Memorandum articles | |
| 2024-05-14 | SH08 | capital | Capital name of class of shares | |
| 2024-05-10 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-05-10 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-05-09 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-09 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-09 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-09 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-09 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-09 | 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
- 1
- 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.