Project Kestrel Bidco Limited
Registered name: PROJECT KESTREL BIDCO LIMITED
Part of Maxarlo Limited groupProject Kestrel Bidco Limited made a £19.8m loss in the year to 30 Sep 2024 (revenue not disclosed).
Project Kestrel Bidco Limited reported a loss of £19.8m in the year to 30 Sep 2024; its revenue was not disclosed. It had 3 employees. The company is classified under “other business support service activities” and is based in Fareham; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Fareham, South East
- Age
- 7 yrs · since 2019
- Type
- Private Limited Company
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently. From the filing: “The company's immediate parent company is Project Kestrel Midco 2 Limited, a company incorporated in England and Wales. For the year ended 30 September 2024, Project Kestrel Bidco Limited is the small”
Key figures
This company published its profit but not its turnover, so revenue and margins are not disclosed. We never estimate them.
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Sep 2022 | 30 Sep 2023 | 30 Sep 2024 |
|---|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text | Profit only |
| Profit & loss | |||
| Revenue (turnover) | £760k | £670k | — |
| Cost of sales | — | £9.2m | £8.8m |
| Operating profit | −£711k | −£99.7k | — |
| Profit before tax | −£3.1m | −£3m | — |
| Profit after tax | −£3.1m | −£3m | −£19.8m |
| Profit (best available) | −£3.1m | −£3m | −£19.8m |
| Staff costs | £898k | £590k | £604k |
| Employees (average) | 4 | 3 | 3 |
| Ratios | |||
| Profit margin | −406.4% | −451.7% | — |
| Revenue per employee | £190k | £223k | — |
| Profit per employee | −£772k | −£1m | −£6.6m |
| Growth (year on year) | |||
| Revenue growth | — | ▼11.8% | — |
| Headcount growth | — | ▼25% | 0% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £5k | £2k | £4.5k |
| Net assets | −£3.7m | −£6.7m | −£26.5m |
| Fixed assets | — | £532k | £492k |
| Current assets | £448k | £394k | £170k |
| Debtors | £443k | £0 | £0 |
| Deferred income | £4.9m | £7.5m | £9.6m |
| Cash from operations | — | −£1.9m | −£2.3m |
| Source | FullAccounts · bulk data May 2024 | FullAccounts · bulk data May 2024 | FullAccounts · bulk data Jun 2025 |
How the business works
- Profit margin
- —
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- —
- Revenue ÷ average employees.
- Profit per employee
- −£6.6m
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- —
- Now −£26.5m
- Cash at bank
- ▲125%
- Now £4.5k
- Headcount
- 0%
- Now 3
- Deferred income
- ▲28%
- Now £9.6m
- Fixed assets
- ▼7%
- Now £492k
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Maxarlo Limitedultimate parent75–100%
- Project Kestrel Bidco Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- NWH Realisations 2026 LimitedIn AdministrationRev. £11.1m · Profit −£1.1m
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 30 Sep 2024 (profit −£19.8m), from the Companies House accounts bulk data published Jun 2025. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.