Project Iridium Topco Limited
15819501
Some Concerns
- Negative net worth (-10)
- Loss before tax (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Last accounts
31/08/2025
group
Next accounts due
31/05/2027
Confirmation statement
Last: 03/07/2025
Due 17/07/2026
Industry
Officers
director · Since 04/07/2024
DIRECTOR
BRITISH · ENGLAND · Age 41
Also on 1 other board
director · Since 17/07/2024
FOUNDER
BRITISH · ENGLAND · Age 45
Also on 5 other boards
director · Since 17/07/2024
MANAGING PARTNER
BRITISH · ENGLAND · Age 54
Also on 5 other boards
director · Since 17/07/2024
CHIEF EXECUTIVE OFFICER
BRITISH · ENGLAND · Age 49
Also on 2 other boards
director · Since 17/07/2024
FINANCE DIRECTOR
BRITISH · ENGLAND · Age 41
Also on 7 other boards
Former
director · Resigned 01/01/2025
director · Resigned 22/05/2026
Persons with Significant Control
Kester Capital Iii Gp Llp
24 Grosvenor Street, London, W1K 4QN
Reg: Oc445019 · United Kingdom · Limited Liability Partnership
Notified 04/07/2024
Change History
Active
Private Limited Company
KESTER CAPITAL LLP
LONDON
CompanyRankvs 43534+ SIC 64209 peers28
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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
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
of approval of these financial statements. The directors have concluded that there are no material uncertainties that lead to significant doubt upon the company’s ability to continue as a going concern. Project Iridium Topco Limited Strategic Report (Continued) For the period ended 31 August 2025 Page 3 On behalf of the board S Ward Director 3 July 2026 Project Iridium Topco Limited Directors' Rep
Key FinancialsYear ending 31/08/2025
Net Worth
-£24.3M
Balance sheet strength
Cash
£937k
Cash in the bank
Profit Before Tax
-£19.4M
Bottom line earnings
Net Current Assets
-£7.2M
Working capital
Current Assets
£8.4M
Current Liabilities
£15.5M
Fixed Assets
£30.7M
Debtors
£7.4M
Cost of Sales
£7.6M
Admin Expenses
£13.6M
Profit After Tax
-£19.5M
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio |
|---|---|
| 2025 | 0.54 |
Derived from filed accounts. Not audited figures.