HAPPYBADGE PROJECTS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-06-03 (in 1mo)
Last made up 2025-05-20
Watchouts
None on the register
Cash
£15M
+10.6% highest in 6 filed years
Net assets
£92M
-5.5% vs 2023
Employees
28
-15.2% vs 2023
Profit before tax
£6M
+126.3% vs 2023
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · latest reflected 2024-12-31
| Metric | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £17,988,841 | £18,329,305 | |
| Operating profit | — | — | — | — | £9,274,252 | £10,603,082 | |
| Profit before tax | — | — | — | — | -£21,997,261 | £5,775,057 | |
| Net profit | £5,310,158 | £8,791,197 | £3,157,868 | £5,930,646 | -£16,213,909 | £4,076,068 | |
| Cash | £413,691 | £4,297,070 | £223,704 | £180,783 | £14,011,404 | £15,490,658 | |
| Total assets less current liabilities | — | — | — | — | £254,776,758 | £249,238,178 | |
| Net assets | £223,400 | £4,714,597 | £272,465 | £243,111 | £97,326,704 | £92,002,772 | |
| Equity | — | — | — | £243,111 | £97,326,704 | £92,002,772 | |
| Average employees | 13 | 13 | 21 | 21 | 33 | 28 | |
| Wages | £737,037 | £714,115 | £833,049 | £1,187,391 | £1,523,684 | £1,810,866 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 51.6% | 57.8% | |
| Net margin | — | — | — | — | -90.1% | 22.2% | |
| Return on capital employed | — | — | — | — | 3.6% | 4.3% | |
| Current ratio | — | — | — | — | 6.42x | 4.72x | |
| Interest cover | — | — | — | — | 2.42x | 2.78x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Gerald Edelman LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Having reviewed the company and group's post balance sheet trading and financial forecasts, expected future cash flows and the general economic outlook for the UK, the directors have a reasonable expectation that the group and parent have adequate resources to continue in operational existence for the foreseeable future for at least 12 months from the date of signing these financial statements.”
Group structure
- HAPPYBADGE PROJECTS LIMITED · parent
- Capital Markets Limited 100%
- Connect Properties (UK) Limited 100%
- Grandseal Limited 100%
- Greenfour Limited 100%
- Happybadge Limited 100%
- Harmony Properties (UK) Limited 100%
- Opticblend Limited 100%
- Queens Road No1 Limited 100%
- Rapport Properties Limited 100%
- Rosewheel Limited 95.74%
- Waterloo Central Limited 100%
- Waterloo East Limited 100%
Significant events
- “in March 2023 the group sold part of its investment properties held in Greenfour Limited and Rapport Properties Limited for a total consideration of £32.9m, giving rise to a profit of £7.4m in the prior the year.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 9 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DAVIES, Angela Susan | Secretary | 1993-06-07 | — | British |
| DAVIES, Angela Susan | Director | 2005-12-01 | Oct 1959 | British |
| HARDIE, Leslie Robert | Director | 2005-12-01 | Jul 1957 | British |
| PLUIS, Adain Grahame | Director | 2025-04-04 | Jan 1988 | Australian |
Show 9 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BANES, Alan Lawrence | Secretary | 2003-04-04 | 2021-02-10 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 1993-05-20 | 1993-06-07 |
| BOURNE, Benjamin James | Director | 2013-12-16 | 2025-04-04 |
| BOURNE, Robert Anthony | Director | 1993-06-07 | 2021-09-22 |
| BOWEN, Richard Mark | Director | 2005-02-21 | 2006-12-18 |
| CHRISTIE, Anne Margaret | Director | 1999-11-12 | 2001-11-29 |
| FLANAGAN, Timothy Joseph | Director | 2006-12-22 | 2013-12-16 |
| TIPPET, Charles Lowther | Director | 2006-12-23 | 2010-05-04 |
| INSTANT COMPANIES LIMITED | Corporate Nominee Director | 1993-05-20 | 1993-06-07 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Legacy Properties (Uk) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-05-02 | Active |
Filing timeline
Last 20 of 169 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-04 | AA | accounts | Accounts with accounts type group | |
| 2025-05-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-11 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-11 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-02 | AA | accounts | Accounts with accounts type group | |
| 2024-05-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-15 | AA | accounts | Accounts with accounts type group | |
| 2023-05-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-19 | AA | accounts | Accounts with accounts type group | |
| 2022-08-26 | CH03 | officers | Change person secretary company with change date | |
| 2022-08-25 | CH01 | officers | Change person director company with change date | |
| 2022-05-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-03-18 | AA | accounts | Accounts with accounts type group | |
| 2021-10-21 | CH01 | officers | Change person director company with change date | |
| 2021-09-24 | CH01 | officers | Change person director company with change date | |
| 2021-09-24 | CH01 | officers | Change person director company with change date | |
| 2021-09-23 | TM01 | officers | Termination director company with name termination date | |
| 2021-05-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-04-16 | AA | accounts | Accounts with accounts type group | |
| 2021-04-09 | TM02 | officers | Termination secretary company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+1.9%
£17,988,841 £18,329,305
-
Cash
+10.6%
£14,011,404 £15,490,658
highest in 6 filed years
-
Net assets
-5.5%
£97,326,704 £92,002,772
-
Employees
-15.2%
33 28
-
Operating profit
+14.3%
£9,274,252 £10,603,082
-
Profit before tax
+126.3%
-£21,997,261 £5,775,057
-
Wages
+18.8%
£1,523,684 £1,810,866
highest in 6 filed years
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers