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Project Cake Bidco Limited

13246317

active
Private Limited Company
england wales
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)
  • Loss before tax (-10)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

24-26 AIRE STREET, LEEDS, LS1 4HT
Incorporated 05/03/2021

Compliance

Last accounts

31/03/2025

full

Next accounts due

31/12/2026

On track

Confirmation statement

Last: 04/03/2026

Due 18/03/2027

On track

Industry

64209
Activities of other holding companies

Officers

Dr Michael Robert Watts

director · Since 04/02/2022

CHARTERED ACCOUNTANT

BRITISH · ENGLAND · Age 52

Also on 6 other boards

Mr Adam Yorath Lewis

director · Since 28/03/2025

DIRECTOR

BRITISH · ENGLAND · Age 47

Also on 11 other boards

Persons with Significant Control

Project Cake Midco Limited

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

Princes House, 38 Jermyn Street, London, SW1Y 6DN

Reg: 13244219 · United Kingdom · Private Limited Company

Notified 05/03/2021

Charges0 outstanding

Charge
satisfied

NATIONAL WESTMINSTER BANK PLC AS SECURITY AGENT FOR THE SECURED PARTIES

Created 18/03/2022Registered 24/03/2022Satisfied 02/04/2025
Charge
satisfied

GROWTH CAPITAL PARTNERS NOMINEES LIMITED AS LOAN NOTE SECURITY AGENT

Created 30/03/2021Registered 06/04/2021Satisfied 02/04/2025

CompanyRankvs 439390+ SIC 64209 peers
23

Financial strength0th percentile among SIC peers · 0/25
Employees75th percentile among SIC peers · 11/15
LiquidityCurrent ratio 0.38× · 2/20
Longevity5 years trading (max 15) · 5/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -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

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

Going Concern Doubt

a material uncertainty exists that may cast doubt about the ability of the Company to continue as a going concern. The Directors have prepared forecasts that consider a period of more than 12 months from the signing of the financial statements which show that the Company will be able to continue to operate withi

Key FinancialsYear ending 31/03/2025

Turnover

£321k

Annual revenue

Net Worth

-£15.8M

Balance sheet strength

Cash

Cash in the bank

Profit Before Tax

-£4.3M

Bottom line earnings

Net Current Assets

-£34.5M

Working capital

Current Assets

£20.9M

Current Liabilities

£55.3M

Fixed Assets

£57.4M

Debtors

£11.9M

Gross Profit

£321k

Admin Expenses

£292k

Operating Profit

-£72k

Profit After Tax

-£4.3M

2avg. employees-1

People Costs

Wages & salaries£243k
NI contributions£29k

Balance Sheet

Assets less current liabilities£23.0M
Prepared with Caseware UK (AP4) 2024.0.164

EstimatesDerived

YearCurrent RatioImplied Profit
20250.38-£4.3M
20240.37-£4.0M
20230.36-£3.9M
20220.00

Derived from filed accounts. Not audited figures.