CompanyTrack
P

PICASSO MIDCO 2 LIMITED

Active Birmingham

Activities of other holding companies n.e.c.

0 employees
Activities of other holding companies n.e.c.
P

PICASSO MIDCO 2 LIMITED

Activities of other holding companies n.e.c.

Founded 17 Feb 2022 Active Birmingham, England 0 employees
Activities of other holding companies n.e.c.
Accounts Submitted 10 Nov 2025
Confirmation Statement Submitted 24 Apr 2025
Net assets £161.00M £205.02M 2024 year on year
Total assets £250.60M £44.05M 2024 year on year
Total Liabilities £89.60M £160.97M 2024 year on year
Charges 1
1 outstanding

AI Analysis

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Contact & Details

Registered Address

Unit 315 Fort Dunlop Fort Parkway Birmingham B24 9FD England

Credit Report

Discover PICASSO MIDCO 2 LIMITED's Credit Score, limit, and payment likelihood.

Mutual Companies

Financials

Financials

Period 1 Jan → 31 Dec 2024
Type Total Exemption Full
Next accounts 31 December 2025
Due by 30 September 2026 9 months

Net Assets, Total Assets & Total Liabilities (2022–2024)

Cash in Bank

N/A

Net Assets

£161.00M

Increased by £205.02M (+466%)

Total Liabilities

£89.60M

Decreased by £160.97M (-64%)

Turnover

N/A

Employees

N/A

Debt Ratio

36%

Decreased by 85 (-70%)

Financial History

Revenue, profit, EBITDA and key financial figures

2024
Dec Year End
2023
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 Capital

Share allotments and capital structure

5 Allotments 180,813,151 Shares £180.81m Total
Date FromShare ClassShares AllottedAmount RaisedPrice/Share
18 Feb 202519,812,965£19.81m£1
28 Aug 2024388,441£388k£1
11 Dec 2023299,352£299k£1
22 Mar 20221£1.24£1.24
22 Mar 2022160,312,392£160.31m£1

Officers

Officers

3 active 6 resigned
Status
Andrew SwinandDirectorAmericanUnited Kingdom577 May 2024Active
Cormac Bernard O'sheaDirectorIrishUnited Kingdom5322 Jan 2025Active
Jack Philip SleighDirectorBritishUnited Kingdom406 Sept 2023Active

Shareholders

Shareholders (1)

Picasso Midco 1 Limited
100.0%
180,813,15224 Apr 2025

Persons with Significant Control

Persons with Significant Control (1)

1 Active

Picasso Midco 1 Limited

United Kingdom

Active
Notified 17 Feb 2022
Nature of Control
  • Ownership Of Shares 75 To 100 Percent
  • Voting Rights 75 To 100 Percent
  • Right To Appoint And Remove Directors

Group Structure

Group Structure

PICASSO MIDCO 1 LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors
PICASSO TOPCO LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors
BE VI NOMINEES II LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors
BRIDGEPOINT ADVISERS HOLDINGS united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors
BRIDGEPOINT ADVISERS GROUP LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors
BRIDGEPOINT GROUP HOLDINGS LIMITED united kingdom appoint/remove directors
BRIDGEPOINT OP GP LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors
BRIDGEPOINT ADVISERS LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors
BRIDGEPOINT GROUP PLC united kingdom
PICASSO MIDCO 2 LIMITED Current Company
PICASSO BIDCO LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

Charges

Charges

1 outstanding

Documents

Company Filings

DateCategoryDescriptionDocument
10 Nov 2025AccountsAnnual accounts made up to 2025-08-31View(1 page)
5 Nov 2025OfficersAppointment of Mr Raju Shah as director on 2025-10-31View(2 pages)
5 Nov 2025OfficersTermination of Jack Philip Sleigh as director on 2025-10-31View(1 page)
22 May 2025AccountsAnnual accounts made up to 2024-08-31View(28 pages)
24 Apr 2025Confirmation StatementConfirmation statement made on 2025-04-13 with updatesView(5 pages)
10 Nov 2025 Accounts

Annual accounts made up to 2025-08-31

5 Nov 2025 Officers

Appointment of Mr Raju Shah as director on 2025-10-31

5 Nov 2025 Officers

Termination of Jack Philip Sleigh as director on 2025-10-31

22 May 2025 Accounts

Annual accounts made up to 2024-08-31

24 Apr 2025 Confirmation Statement

Confirmation statement made on 2025-04-13 with updates

Recent Activity

Latest Activity

Annual accounts made up to 2025-08-31

3 months ago on 10 Nov 2025

Appointment of Mr Raju Shah as director on 2025-10-31

3 months ago on 5 Nov 2025

Termination of Jack Philip Sleigh as director on 2025-10-31

3 months ago on 5 Nov 2025

Annual accounts made up to 2024-08-31

9 months ago on 22 May 2025

Confirmation statement made on 2025-04-13 with updates

9 months ago on 24 Apr 2025