Project Cyclone Midco Limited
Registered name: PROJECT CYCLONE MIDCO LIMITED
Part of Project Cyclone Topco Limited groupProject Cyclone Midco Limited made £0 revenue and £1.5m profit in the year to 31 Mar 2026. read from filing text
Project Cyclone Midco Limited’s revenue was £0 in the year to 31 Mar 2026, with £1.5m profit and 0 employees. The company is classified under “activities of other holding companies” and is based in London; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 1 yr · since 2024
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
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: “On 28 October 2024, the group was restructured with funding from Growth Capital Partners LLP.”
Key figures
Unusual figures. Profit is higher than revenue in this filing. That usually means investment income, dividends from subsidiaries or one-off gains — or a mis-tagged figure. Check the original filing before drawing conclusions.
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Mar 2025 | 31 Mar 2026 |
|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | ||
| Revenue (turnover) | £0 | £0 |
| Operating profit | −£1.9k | £0 |
| Profit before tax | £639k | £1.5m |
| Profit after tax | £639k | £1.5m |
| Profit (best available) | £639k | £1.5m |
| Employees (average) | 0 | 0 |
| Ratios | ||
| Profit margin | — | — |
| Growth (year on year) | ||
| Profit growth | — | ▲141.5% |
| Balance sheet — indirect signals, not revenue | ||
| Net assets | £639k | £2.2m |
| Debtors | £37.6m | £35.4m |
| Deferred income | £425k | £924k |
| Source | FullAccounts · bulk data Dec 2025 | FullAccounts · bulk data Sep 2026 |
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
- —
- 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
- ▲242%
- Now £2.2m
- Cash at bank
- —
- Now —
- Headcount
- —
- Now 0
- Deferred income
- ▲118%
- Now £924k
- Fixed assets
- —
- Now —
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
- Project Cyclone Topco Limitedultimate parent75–100%
- Project Cyclone Midco Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Project Cyclone Bidco LimitedRev. £0 · Profit −£3.5m
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Mar 2026 (profit £1.5m), from the Companies House accounts bulk data published Sep 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.