Project Blackwater Topco Limited
15094496
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 4 outstanding charges (-8)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 24/08/2023
DIRECTOR
BRITISH · UNITED KINGDOM · Age 47
Also on 4 other boards
director · Since 16/11/2023
DIRECTOR
BRITISH · ENGLAND · Age 65
Also on 8 other boards
Persons with Significant Control
Yfm Equity Partners Buyout Ii L.P.
5th Floor Valiant Building, 14 South Parade, Leeds, LS1 5QS
Reg: Lp019632 · Companies House Register (Uk) · Limited Partnership
Notified 16/11/2023
Former PSCs
Mr Richard Andrew Dooner
Ceased 16/11/2023
Charges4 outstanding
YFM PRIVATE EQUITY LIMITED (AS SECURITY TRUSTEE)
SANTANDER UK PLC
YFM PRIVATE EQUITY LIMITED (AS SECURITY TRUSTEE)
SANTANDER UK PLC
CompanyRankvs 34723+ SIC 64209 peers21
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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
any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and 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. Our responsibilities and the responsibilities of the directors with respect to
Key FinancialsYear ending 31/03/2025
Net Worth
-£3.1M
Balance sheet strength
Cash
£989k
Cash in the bank
Net Current Assets
£137k
Working capital
Current Assets
£216k
Current Liabilities
£79k
Fixed Assets
£1
Debtors
£197k
Cost of Sales
£5.6M
Admin Expenses
£4.7M
Profit After Tax
-£2.5M
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 2.74 | -£3.2M |
| 2024 | 16.58 | — |
Derived from filed accounts. Not audited figures.