SEATTLE BIDCO LIMITED
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-09-30
Confirmation statement due
2026-05-31 (this month)
Last made up 2025-05-17
Watchouts
None on the register
Cash
—
Latest balance sheet
Net assets
-£38M
-28.5% vs 2023
Employees
0
Average over period
Profit before tax
-£10M
-13.2% vs 2023
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-09-30
| Metric | Trend | 2023-09-30 | 2024-09-30 |
|---|---|---|---|
| Turnover | — | — | |
| Operating profit | £347,969 | £1,123,803 | |
| Profit before tax | -£8,510,129 | -£9,637,104 | |
| Net profit | -£8,630,144 | -£8,527,515 | |
| Cash | — | — | |
| Total assets less current liabilities | £56,671,064 | £51,961,127 | |
| Net assets | -£29,906,144 | -£38,433,659 | |
| Equity | -£29,906,144 | -£38,433,659 | |
| Average employees | 0 | 0 | |
| 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 | 2023-09-30 | 2024-09-30 |
|---|---|---|---|
| Return on capital employed | 0.6% | 2.2% | |
| Current ratio | 1.03x | 0.86x | |
| Interest cover | 0.04x | 0.10x |
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
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis which forecasts that the Company will have sufficient liquidity to meet its 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 its Parent company stating the Parent company 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 these financial statements on a going concern basis.”
Group structure
- SEATTLE BIDCO LIMITED · parent
- Sabio Ltd 100%
- Sabio Solutions (Singapore) Pte. Ltd. 100%
- flexAnswer Solutions Pte. Ltd. 100%
- Sabio Solutions (Malaysia) Sdn Bhd 100%
- Sabio Europe Holdings, S.L. 100%
- Sabio Iberica, S.A. 100%
- Sabio France SAS 100%
- Sabio Holdings 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%
- Bright UK Limited 100%
- Dvelp Limited 100%
- Anana Limited 100%
- Sabio Africa (Pty) Limited 87.5%
- CX Innovation Africa (Pty) Limited 55%
- Sabio SP Limited (formerly Make Positive Limited) 100%
- Make Positive Software Solutions Private Limited 99.9%
- CC Maroc SARL 100%
- Corporate Communications (Holdings) Limited 100%
- Sabio (WS) Limited 100%
- Worldstone, Inc. 100%
- Sabio Denmark ApS 100%
Significant events
- “On 13 November 2024 the Parent Company reached agreement with its lenders under which certain terms and conditions under its existing loan facilities were reset.”
- “On 15 July 2025, the Parent company concluded a debt modification of its external debt facilities. This resulted in £180 million of external senior debt (£97 million in the Company), including capitalised interest being reduced to £69 million (£40 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 Parent 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 · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HAYWARD, Darren John | Director | 2023-09-12 | Nov 1969 | British |
| ROBERTS, Andrew Charles | Director | 2016-06-30 | Mar 1968 | British |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GALE, Jonathan David | Director | 2020-03-05 | 2023-02-06 |
| HENRIKSEN, Troels Bugge | Director | 2018-01-22 | 2022-02-06 |
| HITCHCOCK, Simon John | Director | 2016-05-18 | 2020-03-05 |
| HORSEY, Mark Edward | Director | 2016-09-15 | 2018-01-31 |
| SHORTEN, Lee Darren | Director | 2016-06-30 | 2025-08-08 |
| STEINMEYER, Nils Olin | Director | 2021-09-29 | 2023-09-12 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Seattle Holdco Limited | Corporate entity | Shares 75–100% | 2016-05-18 | Active |
Filing timeline
Last 20 of 55 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-08-29 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-20 | AA | accounts | Accounts with accounts type full | |
| 2025-07-23 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-06-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-14 | DISS40 | gazette | Gazette filings brought up to date | |
| 2024-12-12 | AA | accounts | Accounts with accounts type full | |
| 2024-12-10 | GAZ1 | gazette | Gazette notice compulsory | |
| 2024-06-21 | 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 full | |
| 2023-05-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-02-07 | TM01 | officers | Termination director company with name termination date | |
| 2022-07-07 | AA | accounts | Accounts with accounts type full | |
| 2022-05-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-02-09 | TM01 | officers | Termination director company with name termination date | |
| 2021-09-29 | AP01 | officers | Appoint person director company with name date | |
| 2021-06-21 | AA | accounts | Accounts with accounts type full | |
| 2021-05-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-03-03 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date |
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
—
Not reported
-
Cash
—
Not reported
-
Net assets
-28.5%
-£29,906,144 -£38,433,659
-
Employees
—
Not reported
-
Operating profit
+223%
£347,969 £1,123,803
-
Profit before tax
-13.2%
-£8,510,129 -£9,637,104
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