Project Thomas Bidco Limited
Registered name: PROJECT THOMAS BIDCO LIMITED
Part of Foresight Group Holdings Limited groupProject Thomas Bidco Limited made a £1.4m loss in the year to 31 Mar 2025 (revenue not disclosed).
Project Thomas Bidco Limited reported a loss of £1.4m in the year to 31 Mar 2025; its revenue was not disclosed. It had 4 employees. The company is classified under “wholesale of computers, computer peripheral equipment and software” and is based in Stockport; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Stockport, North West
- Age
- 5 yrs · since 2021
- 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 immediate parent company is Project Thomas Topco Limited, incorporated in England and Wales. The ultimate parent company is Northedge Capital LLP incorporated in England.”
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 | 31 Mar 2022 | 31 Mar 2023 | 31 Mar 2024 | 31 Mar 2025 |
|---|---|---|---|---|
| Disclosure | Profit only | Profit only | Profit only | Profit only |
| Profit & loss | ||||
| Revenue (turnover) | — | — | — | — |
| Operating profit | −£66.1k | −£129k | £13.7k | −£99.6k |
| Profit before tax | −£599k | −£1.1m | −£1.3m | −£1.4m |
| Profit after tax | −£599k | −£1.1m | −£1.3m | −£1.4m |
| Profit (best available) | −£599k | −£1.1m | −£1.3m | −£1.4m |
| Staff costs | £564k | £603k | £710k | £658k |
| Employees (average) | 4 | 6 | 5 | 4 |
| Ratios | ||||
| Profit margin | — | — | — | — |
| Profit per employee | −£150k | −£181k | −£262k | −£358k |
| Growth (year on year) | ||||
| Headcount growth | — | — | ▼16.7% | ▼20% |
| Balance sheet — indirect signals, not revenue | ||||
| Net assets | −£599k | −£1.7m | −£3m | −£4.4m |
| Fixed assets | £12.4m | £12.4m | £12.4m | £12.4m |
| Current assets | £143k | £0 | £0 | £3.7k |
| Debtors | £143k | £0 | £0 | £3.7k |
| Deferred income | £21.6k | £64.8k | £36.8k | £98.7k |
| Source | Accounts · bulk data Dec 2023 | Accounts · bulk data Dec 2023 | FullAccounts · bulk data Dec 2024 | FullAccounts · bulk data Nov 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
- −£358k
- 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 −£4.4m
- Cash at bank
- —
- Now —
- Headcount
- ▼20%
- Now 4
- Deferred income
- ▲169%
- Now £98.7k
- Fixed assets
- 0%
- Now £12.4m
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
- Foresight Group Holdings Limitedultimate parent75–100%
- Foresight Group Holdings (UK) Limited75–100%
- Foresight Company 1 Limited75–100%
- Foresight Regional Investment VIII General Partner LLP50–75%
- Project Atlas Newco Limited75–100%
- Project Thomas Topco Limited75–100%
- Project Thomas Bidco Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Distology LimitedRev. £44.5m · Profit £961k
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 31 Mar 2025 (profit −£1.4m), from the Companies House accounts bulk data published Nov 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.