SEATTLE HOLDCO LIMITED
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-09-30
Confirmation statement due
2026-09-26 (in 4mo)
Last made up 2025-09-12
Watchouts
Cash
£7M
+100% vs 2023
Net assets
-£70M
-46.6% vs 2023
Employees
844
-13.5% vs 2023
Profit before tax
-£20M
+33.1% vs 2023
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.
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 | £145,829,000 | £126,509,000 | |
| Operating profit | -£12,865,000 | £267,000 | |
| Profit before tax | -£29,976,000 | -£20,055,000 | |
| Net profit | -£28,203,000 | -£21,316,000 | |
| Cash | £3,307,000 | £6,614,000 | |
| Total assets less current liabilities | £109,104,000 | £97,377,000 | |
| Net assets | -£47,427,000 | -£69,516,000 | |
| Equity | -£47,427,000 | -£69,516,000 | |
| 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 | -8.8% | 0.2% | |
| Net margin | -19.3% | -16.8% | |
| Return on capital employed | -11.8% | 0.3% | |
| Gearing (liabilities / total assets) | 124.0% | 138.1% | |
| Current ratio | 0.57x | 0.50x | |
| Interest cover | -0.75x | 0.01x |
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 the 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. As disclosed in note 30 (Events after the reporting period), the Group's capital structure has been substantially modified with total debt reduced to £69 million and maturities extended. In addition, certain terms and conditions in the existing facility agreement were reset. The directors are confident that the new capital structure provides a solid financial foundation for the Group.”
Group structure
- SEATTLE HOLDCO LIMITED · parent
- Seattle Bidco Limited 100%
- Sabio Ltd 100%
- flexAnswer Solutions Pte. Ltd. 100%
- Sabio Solutions (Singapore) 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 Company reached agreement with its lenders under which certain terms and conditions under its existing loan facilities were reset.”
- “On 18 November 2024, Nextview Consulting UK Limited purchased, by way of asset transfer, the Group's Salesforce delivery practice. The transaction completed on 1 January 2025.”
- “On 15 July 2025, the Company concluded a debt modification of its external debt facilities, resulting in £180 million of debt being reduced to £69 million and £111 million converted into equity.”
- “On 22 July 2025, funds and accounts ultimately controlled by CVC Capital Partners PLC, acquired approximately 76% of the shares in the Company via Wisdom Topco Limited.”
- “The intercompany balance of £27.3 million owed by the Company to Seattle Midco Limited, the Company's immediate parent as at 30 September 2024, was released in full via a deed of release on 22 July 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 | 2016-06-30 |
| 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 Midco Limited | Corporate entity | Shares 75–100% | 2016-05-18 | Ceased 2025-07-22 |
Filing timeline
Last 20 of 56 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-09-12 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-08-29 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-27 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2025-08-27 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 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 | |
| 2025-06-27 | 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 |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- 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
-46.6%
-£47,427,000 -£69,516,000
-
Employees
-13.5%
976 844
-
Operating profit
+102.1%
-£12,865,000 £267,000
-
Profit before tax
+33.1%
-£29,976,000 -£20,055,000
-
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