PROJECT SWORD TOPCO LIMITED - Profile & Financials

Accounts Submitted

Confirmation Statement Submitted 26 Jun 2025

Net assets £-68.99M £28.84M 2023 year on year

Total assets £116.10M £13.30M 2023 year on year

Total Liabilities £185.09M £15.54M 2023 year on year

Charges None No charges registered

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Contact & Details

Contact

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Registered Address

C/O Frp Advisory Trading Limited, 4th Floor Abbey House 32 Booth Street Manchester M2 4AB

Credit Report

Discover PROJECT SWORD TOPCO LIMITED's Credit Score, limit, and payment likelihood.

Mutual Companies

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Financials

Period 1 Jan → 31 Dec 2023

Type Total Exemption Full

Next accounts 31 December 2024

Due by 30 September 2025 9 months

Net Assets, Total Assets & Total Liabilities (2019–2023)

Cash in Bank

£4.99M

Decreased by £3.26M (-40%)

Net Assets

-£68.99M

Decreased by £28.84M (-72%)

Total Liabilities

£185.09M

Increased by £15.54M (+9%)

Turnover

£86.11M

Increased by £915.00k (+1%)

Employees

2084

Increased by 541 (+35%)

Debt Ratio

159%

Increased by 28 (+21%)

Financial History

Revenue, profit, EBITDA and key financial figures

	2023 Dec Year End	2022 Dec Year End
P&L
Revenue	£142.3M	£128.7M
Gross Profit	£48.2M	£43.1M
Operating Profit	£22.4M	£19.8M
Net Profit	£18.1M	£15.9M
EBITDA	£31.5M	£28.2M
Assets
Cash	£24.7M	£21.3M
Total Assets	£89.4M	£82.1M
Liabilities
Total Liabilities	£45.2M	£41.8M
Key Metrics
Employees	1,247	1,156

Latest Revenue

£142.3M

Latest EBITDA

£31.5M

Cash Position

£24.7M

Funding

Fundraising & Grants

No fundraising or grants recorded

Investors (0)

No investor information available

Share Capital

Share allotments and capital structure

10 Allotments 808,459,795 Shares £695105.50m Total

Date From	Share Class	Shares Allotted	Amount Raised	Price/Share
24 May 2024	B ORDINARY	50,000	£50	£0.001
19 May 2022	B ORDINARY	25,912	£6k	£0.25
17 Sept 2021	B ORDINARY	24,946	£6k	£0.25
17 Sept 2021	PREFERENCE	2,455,356	£236k	£0.096
15 Feb 2021	B ORDINARY	187,000	£47k	£0.25

Officers

0 active 12 resigned

Show resigned officers

						Status
No officers found

Shareholders

Shareholders (70)


Vespa Capital Ii Lp	19.9%	163,804,599	Preference	26 Jun 2025
Vespa Capital Ii Lp	0.2%	1,581,048	A Ordinary	26 Jun 2025
Vespa Capital Ii Gladius Lp	0.1%	890,204	A Ordinary	26 Jun 2025

Persons with Significant Control

Persons with Significant Control (2)

2 Active 1 Ceased

Northedge Capital Nominee Limited

United Kingdom

Active

Notified 4 Jun 2019

Nature of Control

Ownership Of Shares 25 To 50 Percent
Voting Rights 25 To 50 Percent

Vespa Capital Llp

United Kingdom

Active

Notified 22 Nov 2023

Nature of Control

Voting Rights 25 To 50 Percent

Leo Capital 1 Llp

Ceased 22 Nov 2023

Ceased

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Group Structure

VESPA CAPITAL LLP united kingdom

NORTHEDGE CAPITAL NOMINEE LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent

NORTHEDGE CAPITAL LLP united kingdom

PROJECT SWORD TOPCO LIMITED Current Company

PROJECT SWORD MIDCO 1 LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

Charges

No charges registered

Documents

Company Filings

Date	Category	Description	Document
12 Aug 2025	Officers	Termination of Keven David Parker as director on 2025-07-31	View(1 page)
12 Aug 2025	Officers	Termination of Nigel Derek Hammond as director on 2025-07-31	View(1 page)
12 Aug 2025	Officers	Termination of Sharon Baylay-Bell as director on 2025-07-31	View(1 page)
11 Aug 2025	Address	Change Registered Office Address Company With Date Old Address New Address	View(3 pages)
11 Aug 2025	Insolvency	Liquidation Voluntary Statement Of Affairs	View(12 pages)