BALLOON VENTURES FOUNDATION LTD
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-09-29 (in 4mo)
Last made up 2025-09-15
Watchouts
Cash
£968K
-8.7% vs 2024
Net assets
£4M
+32.3% vs 2024
Employees
39
+34.5% vs 2024
Profit before tax
£1M
+15.5% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Name history
Renamed 1 time since incorporation
- BALLOON VENTURES FOUNDATION LTD 2015-05-28 → present
- KENYA WORKS LTD 2011-04-08 → 2015-05-28
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £802,072 | £1,525,023 | |
| Operating profit | — | — | |
| Profit before tax | £1,079,426 | £1,246,517 | |
| Net profit | £1,079,426 | £1,007,946 | |
| Cash | £1,060,379 | £968,453 | |
| Total assets less current liabilities | £4,707,022 | £6,259,838 | |
| Net assets | £3,116,463 | £4,124,409 | |
| Equity | £3,116,463 | £4,124,409 | |
| Average employees | 29 | 39 | |
| Wages | £376,490 | £360,567 |
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 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Net margin | 134.6% | 66.1% | |
| Gearing (liabilities / total assets) | 34.2% | 46.3% | |
| Current ratio | 145.25x | 5.35x |
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
- Kreston Reeves Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.”
Group structure
- BALLOON VENTURES FOUNDATION LTD · parent
- Balloon Ventures Ltd 100%
Significant events
- “Overall we made 403 loans against a target of 372 (2024: 205).”
- “Significantly grew revenue generated from the loan portfolio by £723k, to £1.5m (2024: £802k).”
- “Expanded the team in Uganda from 24 to 35, with a total group-wide team of 45 staff.”
- “We also opened 1 new branch in Uganda to continue extending our geographical reach there.”
- “Focused on investment in technology and innovation projects, such as a new semi-automated arrears process, a new due diligence interface for the pre-investment team and connected our technology into the credit scoring bureau in Uganda.”
- “During the year we raised additional debt funding of $500k from DGGF and $1.5m with Ceniarth.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PHILLIPS, Melinda Carolyn | Secretary | 2019-10-14 | — | — |
| JOSHI, Prabhay | Director | 2019-10-14 | Oct 1988 | British |
| PHILLIPS, Melinda Carolyn | Director | 2026-03-04 | Aug 1948 | British |
| SMITH, William Stephen Gardiner | Director | 2018-10-08 | May 1992 | British |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BICKNELL, Joshua David | Director | 2015-04-08 | 2019-06-12 |
| BICKNELL, Joshua David | Director | 2011-04-08 | 2013-04-09 |
| CRAMPTON, Janet Rosalind | Director | 2013-04-09 | 2020-01-24 |
| HINDMAN, Amanda Jane | Director | 2013-04-09 | 2025-08-22 |
| PHILLIPS, Melinda Carolyn | Director | 2011-04-08 | 2019-10-14 |
| ROBERTS, Yvonne | Director | 2011-09-03 | 2014-03-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr William Stephen Gardener Smith | Individual | Significant influence | 2025-03-12 | Active |
| Ms Amanda Jane Hindman | Individual | Significant influence | 2019-10-14 | Ceased 2025-03-12 |
| Ms Melinda Carolyn Phillips | Individual | significant-influence-or-control-as-trust | 2016-09-11 | Ceased 2019-10-14 |
Filing timeline
Last 20 of 55 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-10 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-20 | AA | accounts | Accounts with accounts type group | |
| 2025-09-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-25 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-15 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-03-15 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-10-18 | AA | accounts | Accounts with accounts type group | |
| 2024-09-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-23 | AA | accounts | Accounts with accounts type group | |
| 2023-09-16 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-09-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-14 | AA | accounts | Accounts with accounts type group | |
| 2021-11-17 | AA | accounts | Accounts with accounts type group | |
| 2021-09-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-09-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-09-11 | AA | accounts | Accounts with accounts type total exemption full | |
| 2020-02-05 | TM01 | officers | Termination director company with name termination date | |
| 2019-12-14 | AA | accounts | Accounts with accounts type total exemption full | |
| 2019-12-05 | AA01 | accounts | Change account reference date company previous shortened | |
| 2019-10-23 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 1
- 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
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
+90.1%
£802,072 £1,525,023
-
Cash
-8.7%
£1,060,379 £968,453
-
Net assets
+32.3%
£3,116,463 £4,124,409
-
Employees
+34.5%
29 39
-
Profit before tax
+15.5%
£1,079,426 £1,246,517
-
Wages
-4.2%
£376,490 £360,567
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