PROJECT SKETCH LIMITED
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Next accounts due
2027-01-31 (in 8mo)
Last filed for 2025-04-30
Confirmation statement due
2027-03-13 (in 10mo)
Last made up 2026-02-27
Watchouts
None on the register
Cash
£1M
-58.7% vs 2024
Net assets
£3M
-20.4% vs 2024
Employees
158
-13.2% vs 2024
Profit before tax
-£1M
+52.2% vs 2024
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2025-04-30
| Metric | Trend | 2024-04-30 | 2025-04-30 |
|---|---|---|---|
| Turnover | £18,861,000 | £17,869,000 | |
| Operating profit | -£1,051,000 | £225,000 | |
| Profit before tax | -£2,266,000 | -£1,083,000 | |
| Net profit | -£2,428,000 | -£934,000 | |
| Cash | £2,455,000 | £1,013,000 | |
| Total assets less current liabilities | £20,901,000 | £17,793,000 | |
| Net assets | £3,718,000 | £2,959,000 | |
| Equity | £3,718,000 | £2,959,000 | |
| Average employees | 182 | 158 | |
| Wages | £6,168,000 | £5,480,000 |
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 | 2024-04-30 | 2025-04-30 |
|---|---|---|---|
| Operating margin | -5.6% | 1.3% | |
| Net margin | -12.9% | -5.2% | |
| Return on capital employed | -5.0% | 1.3% | |
| Gearing (liabilities / total assets) | 85.1% | 86.2% | |
| Current ratio | 2.16x | 2.07x | |
| Interest cover | -0.87x | 0.17x |
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
- Cooper Parry Group Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have assessed the future funding requirements of the Group and the Company for a period of 12 months from the date of signing these financial statements and compared such to the level of cash, long-term debt, and committed bank facilities available to the Group. ... The Company and Group therefore continues to adopt the going concern basis in preparing its financial statements.”
Group structure
- PROJECT SKETCH LIMITED · parent
- Fotomechanix Limited 100%
- Precision Micro Limited 100%
Significant events
- “in August 2024 we installed solar panels to half of the roof at our Vantage Way, Birmingham facility, and that for the third consecutive year we have recruited Apprentices from the local community.”
- “As at 30 April 2024 the Group held a provision of £685,000 in respect of further costs associated with the remediation of damage caused during a major fire incident in November 2019 at our site in Birmingham, United Kingdom. The project is now completed.”
- “Refinancing costs relate to non-recurring professional fees incurred in connection with refinancing arrangement completed in December 2024 replacing in part existing shareholder debt with senior debt facility with HSBC.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BARRETT, Tim | Director | 2018-10-15 | Aug 1973 | British |
| HANDY, Christopher | Director | 2018-04-21 | Apr 1965 | British |
| HOWDEN, Mark Christopher | Director | 2021-02-17 | Dec 1980 | British |
| JOHNSON, David Graham | Director | 2018-04-21 | Sep 1961 | British |
| TAYLOR, Michael | Director | 2018-04-21 | Jan 1973 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MCMURRAY, Ian Robert, Mark | Director | 2018-02-28 | 2020-12-07 |
| SCHOFIELD, Robert | Director | 2018-04-21 | 2021-02-17 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ldc Vii Lp | Corporate entity | Shares 50–75%, Voting 25–50% | 2018-04-21 | Active |
| Mr Ian Robert, Mark Mcmurray | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-02-28 | Ceased 2018-04-21 |
Filing timeline
Last 20 of 45 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-08 | AA | accounts | Accounts with accounts type group | |
| 2025-03-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-05 | AA | accounts | Accounts with accounts type group | |
| 2024-02-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-21 | AA | accounts | Accounts with accounts type group | |
| 2023-02-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-19 | AA | accounts | Accounts with accounts type group | |
| 2022-02-28 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-12-06 | AA | accounts | Accounts with accounts type group | |
| 2021-04-08 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2021-04-07 | SH04 | capital | Capital sale or transfer treasury shares with date currency capital figure | |
| 2021-03-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-03-03 | AP01 | officers | Appoint person director company with name date | |
| 2021-03-03 | TM01 | officers | Termination director company with name termination date | |
| 2021-02-15 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2021-02-02 | AA | accounts | Accounts with accounts type group | |
| 2020-12-08 | TM01 | officers | Termination director company with name termination date | |
| 2020-08-05 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2020-04-02 | AA01 | accounts | Change account reference date company current extended |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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
FY2024 → FY2025 · period ending 2025-04-30 vs 2024-04-30
-
Turnover
-5.3%
£18,861,000 £17,869,000
-
Cash
-58.7%
£2,455,000 £1,013,000
-
Net assets
-20.4%
£3,718,000 £2,959,000
-
Employees
-13.2%
182 158
-
Operating profit
+121.4%
-£1,051,000 £225,000
-
Profit before tax
+52.2%
-£2,266,000 -£1,083,000
-
Wages
-11.2%
£6,168,000 £5,480,000
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