CEDAR PROJECT HOLDCO LIMITED

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

FRS 102

Reporting scope

Consolidated group

Auditor

Grant Thornton UK LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The group, headed by Cedar Project Holdco Limited, utilises funding arrangements from both its bank, in the form of a £72.3m facilities agreements and its ultimate parent undertakings, Cedar Luxco S.a.r.l, in the form of a £63.9m loan balance. The directors have obtained a letter of support from the parent confirming their intention not to seek repayment of their loan balance in the going concern period. The directors have prepared forecasts to 31 December 2026 which show that the group is expected to have a sufficient level of financial resources available to continue to operate. Subsequent to the balance sheet date, the group has secured a new bank loan facility for £75.0m with additional facilities of £5.0m available immediately and an additional £5.0m available 12 months after completion that matures in September 2030. As a result of the above and the group having net liabilities of £12,002,923 (2024: £2,666,785) at the end of this financial period the directors have reviewed forecasts for the period to 31 December 2026 and do not believe that there are any material uncertainties which cast significant doubt on the ability of the company to continue to adopt the going concern basis of accounting in preparing the annual financial statements.”

Group structure

1. CEDAR PROJECT HOLDCO LIMITED · parent
   1. Cedar Project Midco Limited 100% · England · Holding company
   2. Cedar Project Bidco Limited 100% · England · Holding company
   3. Kisimul School Holdings Limited 100% · England · Property Holding company
   4. Kisimul Group Limited 100% · England · Provision of care to children and adults with severe learning disabilities and challenging behaviour
   5. Cruckton Hall Limited 100% · England · Provision of care to adults with severe learning disabilities and challenging behaviour
   6. Kisimul Services Limited (formerly Kisimul Special Education Limited) 100% · England · Dormant

Significant events

• “On 8 September 2025, the group secured a new bank loan facility for £75.0m with additional facilities of £5.0m available immediately and an additional £5.0m available 12 months after completion that matures in September 2030.”

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

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  +10.8%

  £60,732,662 → £67,308,411

• Cash

  +4.4%

  £9,416,233 → £9,830,345

• Net assets

  -350.1%

  -£2,666,785 → -£12,002,923

• Employees

  +18.6%

  1,002 → 1,188

• Operating profit

  +3.4%

  £3,843,436 → £3,975,853

• Profit before tax

  +5.6%

  -£9,342,058 → -£8,819,449

• Wages

  +3.9%

  £37,793,799 → £39,262,076

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