LUNDY PROJECTS LIMITED

• ⚠

  Material uncertainty over going concern

  A decision was made by directors and shareholders of the Company to wind down operations to move the Company to a dormant position during the financial year ended 31 December 2024. The Company has prepared its 31 December 2024 financial statements on a basis other than going concern as set out in the accounting policies.

1. LUNDY PROJECTS LIMITED 1989-11-15 → present
2. UNIT ONE DESIGN LIMITED 1977-12-31 → 1989-11-15
3. IDAWAY LIMITED 1976-03-17 → 1977-12-31

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Forvis Mazars LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“A decision was made by directors and shareholders of the Company to wind down operations to move the Company to a dormant position during the financial year ended 31 December 2024. The Company has prepared its 31 December 2024 financial statements on a basis other than going concern as set out in the accounting policies.”

Significant events

• “During the year, a decision was made by directors and shareholders of the Company to wind down operations to move the Company to a dormant position.”
• “During 2025 the loan value to the parent company Colas Rail Holdings Limited increased to £2,300,000. In September 2025 the parent company repaid the £2,300,000 loan due to the Company. Lundy Projects Limited then paid a dividend of £2,200,000 to its parent company.”
• “In May 2025 following negotiations, the Company exited its lease commitments paying a final payment. All employees also left the business during 2025. The Company released the remaining provisions in Note 15 during 2025.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -65.8%

  £13,919,000 → £4,763,000

• Cash

  -51.4%

  £829,000 → £403,000

• Net assets

  —

  Not reported

• Employees

  —

  Not reported

• Operating profit

  -516.7%

  -£448,000 → -£2,763,000

• Profit before tax

  -610.3%

  £458,000 → -£2,337,000

• Wages

  -27.2%

  £4,280,000 → £3,114,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers