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Project Galaxy Uk Midco Limited

13137664

active
Private Limited Company
Companies House
Health Score
59 / 100

Notable Risks

25/30
Filing
0/30
Financial
34/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Loss before tax (-10)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)
  • 3 outstanding charges (-6)

Details

3RD FLOOR Q5 QUORUM BUSINESS PARK BENTON LANE, NEWCASTLE UPON TYNE, NE12 8BS
Incorporated 15/01/2021

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

64209
Activities of other holding companies

Officers

Mr Neil Anthony Duffy

director · Since 03/10/2024

CHAIRMAN

BRITISH · ENGLAND · Age 60

Also on 12 other boards

Mr Antony Ian English

director · Since 01/09/2025

CHIEF EXECUTIVE

BRITISH · ENGLAND · Age 57

Also on 6 other boards

Persons with Significant Control

Project Galaxy Uk Topco Limited

75–100% shares
75–100% votes
Appoint directors

Crown House, 143 - 147 Regent Street, London, W1B 4NR

Reg: 13135567 · United Kingdom · Limited By Shares

Notified 15/01/2021

Charges3 outstanding

Charge
outstanding

SANTANDER UK PLC (AS SECURITY AGENT)

Created 20/05/2026Registered 22/05/2026
Charge
outstanding

TENZING PRIVATE EQUITY LLP AS SECURITY AGENT

Created 06/10/2021Registered 11/10/2021
Charge
outstanding

SANTANDER UK PLC (AS SECURITY AGENT)

Created 06/10/2021Registered 07/10/2021

CompanyRankvs 439180+ SIC 64209 peers
13

Financial strength0th percentile among SIC peers · 0/25
Employees75th percentile among SIC peers · 11/15
LiquidityCurrent ratio 0× · 2/20
Longevity5 years trading (max 15) · 5/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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How is this score calculated?
Financial strength0/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees11/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity2/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity5/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Going concern doubt: -10 pts

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the 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. Our responsibilities and the responsibilities of the directors with respect to going co

Key FinancialsYear ending 29/02/2024

Net Worth

-£89.0M

Balance sheet strength

Cash

£2k

Cash in the bank

Profit Before Tax

-£79.3M

Bottom line earnings

Net Current Assets

-£21.8M

Working capital

Current Assets

£2k

Current Liabilities

£21.8M

Admin Expenses

£3k

Operating Profit

-£71.3M

Profit After Tax

-£79.3M

2avg. employees

Balance Sheet

Bank loans & overdrafts£67.2M
Assets less current liabilities-£21.8M
Prepared with Caseware UK (AP4) 2023.0.135

EstimatesDerived

YearCurrent Ratio
20240.00

Derived from filed accounts. Not audited figures.