CAPITAL FOR COLLEAGUES PLC

1. CAPITAL FOR COLLEAGUES PLC 2014-02-28 → present
2. C4 COLLEAGUES PLC 2013-10-03 → 2014-02-28

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

IFRS

Reporting scope

Consolidated group

Auditor

Menzies LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group or Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. CAPITAL FOR COLLEAGUES PLC · parent
   1. MI Accounting Solutions Limited 100% · bookkeeping activities
   2. C4C Ownership Partners Limited 100% · dormant

Significant events

• “The NAV fell by 11.2% during the year under review on the back of a challenging UK economy and a particularly unhelpful environment for small early stage businesses seeking to raise additional growth capital.”
• “Bright Ascension Limited (BAL), C4C's largest holding, had to raise new funding at a significantly reduced valuation compared to the previous carrying value.”
• “Dividend income was lower at "£0.125m (2024: £0.219m) due to the sale of part of our holding in TPS Investment Holdings Limited."”
• “Administrative costs increased to "£1.175m (2024: £1.078m)".”
• “John Lewis stepped down from the Board and from his role as Finance Director during the year moving to a part time investment management role.”
• “Lesley Watt was welcomed as Chief Financial Officer (CFO) during the year.”
• “Malcolm Edge was appointed to the Board as a non-executive director with effect from 1 March 2025.”
• “Nicky Davies joined C4C as our Senior Legal Counsel, enhancing our internal capabilities and giving us the ability to provide additional services for our investee companies.”
• “Glen Nimmo joined the Company at the end of the year under review.”
• “C4C invested "£1.000m into a second Convertible Loan Note (CLN) with an interest rate of 10% per annum" into Bright Ascension Limited.”
• “Advanced short term loans totalling "£3.04m (2024: £1.053m) to six existing investees; Bright Ascension Limited, Hire & Supplies Limited, Computer Application Services Limited, Emerald Specialist Logistics Limited, Carpenter Oak Group and The Real Outdoor Xperience Limited, along with £0.120m to a new investee company, Ninety Days Limited."”
• “Loan repayments of "£2.319m (2024: £1.331m) were returned from six existing investees."”
• “Loan impairments during the year under review were "£0.586m (2024: £0.395m)".”
• “The Company sold a significant part of its shareholding in TPS to Harrock Capital Partners (HCP) and TJ Morris (Investments) Limited (TJM) realising a substantial gain on the investment.”
• “Reduced exposure to The Homebuilding Centre (Holdings) Limited, resulting in a healthy gain over the original cost.”
• “C4C re-invested a small amount in CSL, which was completed in April 2025.”
• “The Directors do not propose to pay a dividend in 2025 (2024: 2.10p).”
• “The budget announced that from the 26th November 2025, relief on Capital Gains Tax (CGT) for the sale of a majority of shares to an EOT will reduce from 100% to 50%.”

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

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

2

last 12 months

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

• Turnover

  +0.9%

  £1,031,000 → £1,040,000

• Cash

  -33.5%

  £1,238,000 → £823,000

• Net assets

  -11.2%

  £15,168,000 → £13,473,000

• Employees

  +14.3%

  14 → 16

• Operating profit

  -470.8%

  £356,000 → -£1,320,000

• Profit before tax

  -447.6%

  £376,000 → -£1,307,000

• Wages

  +13.4%

  £583,000 → £661,000

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