PIMCO 2947 BIDCO LIMITED
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Next accounts due
2026-03-31
Overdue
Confirmation statement due
2026-06-03 (in 1mo)
Last made up 2025-05-20
Watchouts
Cash
£4M
-29% vs 2023
Net assets
-£65M
-10.7% vs 2023
Employees
—
Average over period
Profit before tax
-£6M
+66.9% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Annual accounts overdue
Due 2026-03-31.
Net assets
3-year trend · vs Technology median
Accounts
3-year trend · latest reflected 2024-03-31
| Metric | Trend | 2022-03-31 | 2023-03-31 | 2024-03-31 |
|---|---|---|---|---|
| Turnover | — | — | — | |
| Operating profit | — | £34,000 | £0 | |
| Profit before tax | — | -£19,244,000 | -£6,373,000 | |
| Net profit | — | -£18,528,000 | -£6,309,000 | |
| Cash | — | £5,775,000 | £4,099,000 | |
| Total assets less current liabilities | — | -£59,171,000 | -£65,480,000 | |
| Net assets | — | -£59,171,000 | -£65,480,000 | |
| Equity | -£40,643,000 | -£59,171,000 | -£65,480,000 | |
| Average employees | — | — | — | |
| Wages | — | — | — |
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 | 2022-03-31 | 2023-03-31 | 2024-03-31 |
|---|---|---|---|---|
| Return on capital employed | — | -0.1% | 0.0% | |
| Gearing (liabilities / total assets) | — | 205.5% | 217.7% | |
| Current ratio | — | 0.19x | 0.18x | |
| Interest cover | — | 0.00x | 0.00x |
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 101
- Reporting scope
- Standalone (parent only)
- Auditor
- RSM UK Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Company is reliant on financial support from its ultimate parent company, Moco Topco Limited, as it has net liabilities. Cash resources of the company and other group undertakings are managed on a group basis. The Directors have received written confirmation from Moco Topco Limited that financial support will be provided to the Company for a period of at least 12 months from the date these financial statements are approved.”
Group structure
- PIMCO 2947 BIDCO LIMITED · parent
- Manchester Metronet Limited 100%
- M247 UK Limited 100%
- M247 Limited 100%
- Venus Business Communications Limited 100%
- M247 Estates Limited 100%
- M247 Europe SRL 100%
- M247 DC Romania Srl 100%
- UK Web.Solutions Limited 100%
- Axamba Inc 100%
Significant events
- “Since the year end the business worked with its lenders and shareholders to agree revision to the underlying agreements, inclusive of the extension of an additional lending facility.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 18 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BRICEAG, Gherasim | Director | 2026-02-02 | Mar 1992 | Romanian,Moldovan |
| EDWARDS, Darryl Alexander | Director | 2021-09-01 | May 1961 | British |
Show 18 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| AXON, Steven Jon | Director | 2014-06-27 | 2020-03-20 |
| BEAMISH, Nicola Jayne | Director | 2016-05-25 | 2018-02-01 |
| CAFFREY, Matthew | Director | 2018-02-02 | 2020-03-20 |
| COUTURIER, Graeme Bernard | Director | 2024-06-17 | 2026-02-28 |
| DAVIES, Jenny Elizabeth | Director | 2020-12-17 | 2021-06-30 |
| DAVIES, Jenny Elizabeth | Director | 2018-02-02 | 2020-03-20 |
| GOLDWATER, Andrew Geoffrey | Director | 2016-09-28 | 2021-01-04 |
| HARRIS, John Haden | Director | 2021-05-01 | 2025-07-31 |
| HUGHES, Anthony Stephen | Director | 2016-05-25 | 2016-09-22 |
| HUMPHREYS, Andrew | Director | 2022-03-31 | 2024-03-28 |
| LAWRENCE, Lee Dean | Director | 2014-06-27 | 2016-03-04 |
| LEES, Stuart | Director | 2014-05-21 | 2014-06-27 |
| LEITCH, Andrew Jack | Director | 2021-01-04 | 2022-03-31 |
| MCCALL, James Nicholas | Director | 2014-06-27 | 2016-05-25 |
| MUELLER, Elliott Mcfarland | Director | 2014-06-27 | 2016-02-12 |
| PERKINS, Lee John | Director | 2016-05-25 | 2018-03-16 |
| TIMMIS, Craig | Director | 2014-06-27 | 2016-10-10 |
| TIMPANY, Allen | Director | 2014-10-01 | 2016-05-03 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Pimco 2947 Topco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 91 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-12-24 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-02 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-12 | CH01 | officers | Change person director company with change date | |
| 2026-02-03 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-06 | SH01 | capital | Capital allotment shares | |
| 2026-01-06 | SH01 | capital | Capital allotment shares | |
| 2026-01-06 | SH01 | capital | Capital allotment shares | |
| 2025-12-24 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2025-12-24 | SH20 | capital | Legacy | |
| 2025-12-24 | CAP-SS | insolvency | Legacy | |
| 2025-12-24 | RESOLUTIONS | resolution | Resolution | |
| 2025-08-11 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-15 | CH01 | officers | Change person director company with change date | |
| 2025-07-15 | CH01 | officers | Change person director company with change date | |
| 2025-07-15 | CH01 | officers | Change person director company with change date | |
| 2025-07-15 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-07-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-01 | AA | accounts | Accounts with accounts type full | |
| 2025-02-24 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-12-04 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-06-17 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 16
- Capital events
- 5
- Officers appointed
- 1
- Officers resigned
- 2
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 2024-03-31 vs 2023-03-31
-
Turnover
—
Not reported
-
Cash
-29%
£5,775,000 £4,099,000
-
Net assets
-10.7%
-£59,171,000 -£65,480,000
-
Employees
—
Not reported
-
Operating profit
-100%
£34,000 £0
-
Profit before tax
+66.9%
-£19,244,000 -£6,373,000
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