SABIO LTD
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-09-30
Confirmation statement due
2027-01-14 (in 8mo)
Last made up 2025-12-31
Watchouts
None on the register
Cash
£7M
+100% vs 2023
Net assets
-£18M
-274.4% vs 2023
Employees
844
-13.5% vs 2023
Profit before tax
-£9M
+55.8% vs 2023
Net assets
2-year trend · vs Telecommunications median
Accounts
2-year trend · latest reflected 2024-09-30
| Metric | Trend | 2023-09-30 | 2024-09-30 |
|---|---|---|---|
| Turnover | £145,829,000 | £126,509,000 | |
| Operating profit | -£11,568,000 | £791,000 | |
| Profit before tax | -£19,822,000 | -£8,770,000 | |
| Net profit | -£19,210,000 | -£12,397,000 | |
| Cash | £3,307,000 | £6,614,000 | |
| Total assets less current liabilities | £64,895,000 | £59,526,000 | |
| Net assets | -£4,800,000 | -£17,970,000 | |
| Equity | -£4,800,000 | -£17,970,000 | |
| Average employees | 976 | 844 | |
| Wages | £52,416,000 | £46,770,000 |
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 | 2023-09-30 | 2024-09-30 |
|---|---|---|---|
| Operating margin | -7.9% | 0.6% | |
| Net margin | -13.2% | -9.8% | |
| Return on capital employed | -17.8% | 1.3% | |
| Gearing (liabilities / total assets) | 103.1% | 112.8% | |
| Current ratio | 0.56x | 0.52x | |
| Interest cover | -1.40x | 0.08x |
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
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis which forecasts that Sabio Group and the Company will have sufficient liquidity to meet their financial obligations for a period of at least 12 months from the date of these financial statements. The Company has received a letter of support from Seattle Holdco Limited stating Seattle Holdco Limited's directors' intention to provide sufficient funding to the Company for a period of at least 12 months from the date these financial statements are signed, to allow the Company to settle its liabilities as they fall due. This support extends to intercompany liabilities that won't be recalled unless the Company has the ability to settle them. Accordingly, the directors have concluded that it is appropriate to prepare the financial statements of Seattle Holdco Limited on a going concern basis.”
Group structure
- SABIO LTD · parent
- flexAnswer Solutions Pte. Ltd. 100%
- Sabio Solutions (Singapore) Pte. Ltd. 100%
- Sabio Solutions (Malaysia) Sdn Bhd 100%
- Sabio Europe Holdings, S.L. 100%
- Sabio Holdings France SAS 100%
- Bright UK Limited 100%
- Dvelp Limited 100%
- Anana Limited 100%
- Sabio SP Limited (formerly Make Positive Limited) 100%
- Corporate Communications (Holdings) Limited 100%
- Sabio Denmark ApS 100%
- Sabio Iberica, S.A. 100%
- Sabio France SAS 100%
- Sabio B.V. 100%
- Sabio Germany GmbH 100%
- Sabio Italy S.R.L. 100%
- Callware Mexico S.A. de C.V. 100%
- Sabio Africa (Pty) Limited 87.5%
- CX Innovation Africa (Pty) Limited 55%
- Make Positive Software Solutions Private Limited 100%
- CC Maroc SARL 100%
- Sabio (WS) Limited 100%
- Worldstone, Inc. 100%
Significant events
- “On 22 July 2025 majority ownership of the Group was acquired by funds and accounts managed and advised by CVC, a leading global private markets manager with €202 billion in assets under management. As part of this transaction the Group's capital structure has been substantially modified with total debt reduced to £69 million with maturities extended to fall between 30 June 2030 and 30 December 2031.”
- “On 13 November 2024 the Company's intermediate parent company, Seattle Holdco Limited reached agreement with its lenders under which certain terms and conditions under its existing loan facilities were reset.”
- “On 18 November 2024, the Sabio Group disposed of its Salesforce delivery practice to Nextview.”
- “On 15 July 2025, the Group concluded a debt modification of its external debt facilities. This resulted in £180 million of external senior debt (£83 million in the Company), including capitalised interest being reduced to £69 million (£29 million in the Company) with £111 million of this debt being converted into equity consisting of £60 million of preferred ordinary shares and £51 million A ordinary shares in Wisdom Topco Limited.”
- “On 22 July 2025, funds and accounts ultimately controlled by CVC Capital Partners PLC, acquired approximately 76% (with the remainder held by two co-investors, subject to future issuance of non-voting management incentive plan shares) of the shares in the Company via Wisdom Topco Limited (incorporated in the Bailiwick of Jersey on 23 June 2025).”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 17 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HAYWARD, Darren John | Director | 2023-09-12 | Nov 1969 | British |
| ROBERTS, Andrew Charles | Director | 2003-01-10 | Mar 1968 | British |
Show 17 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HENKES, Sebastian | Secretary | 1998-10-05 | 2000-10-11 |
| PROSSER, Robert | Secretary | 2000-10-11 | 2016-06-30 |
| RAPID COMPANY SERVICES LIMITED | Corporate Nominee Secretary | 1998-10-05 | 1998-10-05 |
| BEGAN, Paul John | Director | 2009-10-06 | 2016-06-30 |
| BEGAN, Paul John | Director | 1998-10-05 | 2002-10-30 |
| FAULKNER, Adam Rafer | Director | 1999-01-13 | 2016-06-30 |
| GALE, Jonathan David | Director | 2020-03-05 | 2023-02-06 |
| GRESSWELL, Simon | Director | 2001-12-10 | 2004-04-01 |
| HENKES, Sebastian | Director | 1998-10-05 | 2016-06-30 |
| HENRIKSEN, Troels Bugge | Director | 2018-01-22 | 2022-02-06 |
| HITCHEN, Kenneth | Director | 1999-01-13 | 2016-06-30 |
| HORSEY, Mark Edward | Director | 2016-09-15 | 2018-01-31 |
| O'NEILL, Daniel | Director | 1999-01-13 | 2001-12-10 |
| PROSSER, Robert | Director | 2000-10-11 | 2016-06-30 |
| SHORTEN, Lee Darren | Director | 2014-10-01 | 2025-08-08 |
| STEINMEYER, Nils Olin | Director | 2021-09-29 | 2023-09-12 |
| RAPID NOMINEES LIMITED | Corporate Nominee Director | 1998-10-05 | 1998-10-05 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Seattle Bidco Limited | Corporate entity | Shares 75–100% | 2016-06-30 | Active |
Filing timeline
Last 20 of 172 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-29 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-20 | AA | accounts | Accounts with accounts type group | |
| 2025-07-23 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-01-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-14 | DISS40 | gazette | Gazette filings brought up to date | |
| 2024-12-13 | AA | accounts | Accounts with accounts type group | |
| 2024-12-10 | GAZ1 | gazette | Gazette notice compulsory | |
| 2024-01-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-13 | TM01 | officers | Termination director company with name termination date | |
| 2023-09-13 | AP01 | officers | Appoint person director company with name date | |
| 2023-07-11 | AA | accounts | Accounts with accounts type group | |
| 2023-03-21 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-02-07 | TM01 | officers | Termination director company with name termination date | |
| 2023-01-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-07-13 | AA | accounts | Accounts with accounts type group | |
| 2022-02-10 | TM01 | officers | Termination director company with name termination date | |
| 2022-01-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-29 | AP01 | officers | Appoint person director company with name date | |
| 2021-08-24 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
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 2024-09-30 vs 2023-09-30
-
Turnover
-13.2%
£145,829,000 £126,509,000
-
Cash
+100%
£3,307,000 £6,614,000
-
Net assets
-274.4%
-£4,800,000 -£17,970,000
-
Employees
-13.5%
976 844
-
Operating profit
+106.8%
-£11,568,000 £791,000
-
Profit before tax
+55.8%
-£19,822,000 -£8,770,000
-
Wages
-10.8%
£52,416,000 £46,770,000
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