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Company No. 15189949 · Incorporated 5 Oct 2023

Project Penny Limited

Registered name: PROJECT PENNY LIMITED

Part of Lloyds Banking Group PLC group

Project Penny Limited made a £7.6m loss in the year to 30 Nov 2025 (revenue not disclosed).

Project Penny Limited reported a loss of £7.6m in the year to 30 Nov 2025; its revenue was not disclosed. It had 8 employees. The company is classified under “other telecommunications activities” and is based in Ferndown; we hold 2 years of its filed accounts.

Profit onlySection J · Information and communicationSIC 61900Other telecommunications activities
Status
Active
Location
Ferndown, South West
Age
3 yrs · since 2023
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.

Latest accounts · year to 30 Nov 2025

Key figures

Small teamCash flow filed
Revenue
—
Not disclosed in filing
Profit
−£7.6m
Growth —
Profit margin
—
 
Employees
8
Change —
Profit / employee
−£952k
 
Profitable streak
0yrs
Consecutive profitable years in our data

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.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to30 Nov 202430 Nov 2025
DisclosureProfit onlyProfit only
Profit & loss
Revenue (turnover)——
Cost of sales£4.5m£5.2m
Profit before tax−£8.8m−£10.6m
Profit after tax−£6.5m−£7.6m
Profit (best available)−£6.5m−£7.6m
Staff costs£989k£745k
Employees (average)68
Ratios
Profit margin——
Profit per employee−£1.1m−£952k
Balance sheet — indirect signals, not revenue
Cash at bank£236k£28.4k
Net assets−£6.1m−£13.8m
Fixed assets£52.9m£52.9m
Current assets£4.2m£1.6m
Debtors£0£0
Deferred income£0£0
Cash from operations—−£8.2m
SourceFullAccounts · bulk data Aug 2025FullAccounts · bulk data Aug 2026
Derived from the latest filing

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
−£952k
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.
Indirect — not revenue

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 −£13.8m
Cash at bank
—
Now £28.4k
Headcount
—
Now 8
Deferred income
—
Now £0
Fixed assets
—
Now £52.9m
Corporate ownership

Group structure

Ownership chain

  1. Lloyds Banking Group PLCultimate parent75–100%
  2. LBG Equity Investments Limited75–100%
  3. Lloyds Development Capital (Holdings) Limited75–100%
  4. LDC (General Partner) Limited75–100%
  5. LDC GP LLP75–100%
  6. Project Penny Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Subsidiaries (1)

Sister companies (8)

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 30 Nov 2025 (profit −£7.6m), from the Companies House accounts bulk data published Aug 2026. 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.