P27 TOPCO LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-04-15 (in 11mo)
Last made up 2026-04-01
Watchouts
Cash
£11M
+40.3% vs 2023
Net assets
-£139M
-16.8% vs 2023
Employees
461
+15.3% vs 2023
Profit before tax
-£17M
-40.2% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
4 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £88,999,812 | £112,271,128 | |
| Operating profit | £4,331,510 | £4,300,012 | |
| Profit before tax | -£12,257,792 | -£17,185,986 | |
| Net profit | -£13,649,782 | -£20,181,006 | |
| Cash | £7,647,556 | £10,732,694 | |
| Total assets less current liabilities | £40,669,132 | £73,688,940 | |
| Net assets | -£119,297,656 | -£139,281,529 | |
| Equity | -£119,297,656 | -£139,281,529 | |
| Average employees | 400 | 461 | |
| Wages | £18,152,537 | £22,942,044 |
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 4.9% | 3.8% | |
| Net margin | -15.3% | -18.0% | |
| Return on capital employed | 10.7% | 5.8% | |
| Current ratio | 0.76x | 0.88x | |
| Interest cover | 0.25x | 0.19x |
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 102
- Reporting scope
- Consolidated group
- Auditor
- KPMG
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Given that the Group have sufficient resources available to support the budget for the year to 31 December 2025 and operate within the financial covenants stipulated under the current senior facilities, the Directors have concluded that the financial statements should be prepared on a going concern basis. These financial statements do not, therefore, include any adjustments to the carrying amount or classification of assets and liabilities that would result if the financial statements had not been prepared on a going concern basis.”
Group structure
- P27 TOPCO LIMITED · parent
- P27 Midco Limited 100%
- Lowe P27 Bidco Limited 100%
- Frost Investments Limited 100%
- Lowe Refrigeration Solutions Limited 100%
- Lowe Rental Pte Limited 100%
- Lowe Rental Limited 100%
- Lowe Rental Inc 100%
- Lowe Refrigeration Deutschland GmbH 100%
- Lowe Rental Limited 100%
- Lowe Refrigeration Italia Srl 100%
- Lowe Refrigeration LLC 49%
- Lowe Rental Limited 100%
- Lowe Refrigeration Spain SL 100%
- Lotsenbüro für temporäre Bauten und mobile Lösungen GmbH 100%
- PKL Topco Limited 100%
- PKL Group (UK) Limited 100%
- Lowe Arabia Rental Equipment LLC 100%
- Abbey Design Associates Limited 100%
- LoweConex Group Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DOWDS, Colin Nigel | Director | 2026-01-28 | Oct 1985 | British |
| MCCAUSLAND, Rachel | Director | 2022-03-28 | Apr 1985 | British |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BLOWER, Mark | Director | 2018-02-28 | 2026-01-28 |
| DAVIDSSON, Nils Olle | Director | 2022-03-28 | 2022-09-01 |
| LAVERY, Paul | Director | 2018-03-10 | 2022-03-28 |
| LOWRY, Rodney | Director | 2018-03-10 | 2026-01-28 |
| MCCALL, David Alexander Mervyn | Director | 2018-03-10 | 2018-08-31 |
| PAPE, Christopher Simon | Director | 2022-09-01 | 2026-01-28 |
| PORTER, Melvin Robert | Director | 2021-01-01 | 2026-01-28 |
| WYNN, Andrew Thomas | Director | 2018-02-28 | 2022-03-28 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ermine Bidco Limited | Corporate entity | Shares 75–100% | 2026-01-28 | Active |
| Pw P27 Uk Limited | Corporate entity | Shares 50–75%, Voting 50–75% | 2018-03-08 | Ceased 2026-01-28 |
| Mr Mark Blower | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-02-28 | Ceased 2018-03-08 |
Filing timeline
Last 20 of 75 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-14 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-03-04 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-02-02 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-02-02 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-02-02 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-02 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-02 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-02 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-02 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-03 | AA | accounts | Accounts with accounts type group | |
| 2025-04-14 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-07-11 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2024-06-28 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2024-06-06 | AA | accounts | Accounts with accounts type group | |
| 2024-04-17 | CAP-SS | insolvency | Legacy | |
| 2024-04-15 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-03-14 | SH02 | capital | Capital alter shares subdivision | |
| 2024-03-14 | SH02 | capital | Capital alter shares subdivision | |
| 2024-03-09 | SH08 | capital | Capital name of class of shares | |
| 2024-03-07 | SH19 | capital | Capital statement capital company with date currency figure |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 2
- Officers appointed
- 1
- Officers resigned
- 4
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 2024-12-31 vs 2023-12-31
-
Turnover
+26.1%
£88,999,812 £112,271,128
-
Cash
+40.3%
£7,647,556 £10,732,694
-
Net assets
-16.8%
-£119,297,656 -£139,281,529
-
Employees
+15.3%
400 461
-
Operating profit
-0.7%
£4,331,510 £4,300,012
-
Profit before tax
-40.2%
-£12,257,792 -£17,185,986
-
Wages
+26.4%
£18,152,537 £22,942,044
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