UK Companies House feature
PROJECT NEARSHORE LIMITED
Cash
£117K
Latest balance sheet
Net assets
£38M
Equity attributable
Employees
1
Average over period
Profit before tax
—
Period ending 2022-12-31
Profile
- Company number
- 11294575
- Status
- Active
- Incorporation
- 2018-04-05
- Last accounts made up
- 2024-12-31
- Account category
- GROUP
- Primary SIC
- 62020
Net assets
7-year trend · vs UK AI & Enterprise SaaS median
Accounts
7-year trend · latest 2022-12-31
| Metric | Trend | 2019-01-01 | 2019-12-31 | 2020-12-31 | 2021-01-01 | 2021-12-31 | 2022-01-01 | 2022-12-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | — | — | |
| Operating profit | — | — | — | — | — | — | — | |
| Profit before tax | — | — | — | — | — | — | — | |
| Net profit | — | -£2,550,916 | £40,745,316 | — | -£998,575 | — | £5,232,783 | |
| Cash | — | £63,175 | — | — | £88,865 | — | £116,539 | |
| Total assets less current liabilities | — | £26,908,345 | £46,900,530 | — | £39,164,212 | — | £38,296,995 | |
| Net assets | — | -£4,504,423 | £29,015,335 | — | — | — | — | |
| Equity | -£1,958,107 | -£4,504,423 | £29,015,335 | £29,015,335 | £27,516,760 | — | £26,649,543 | |
| Average employees | — | 3 | 3 | — | 1 | — | 1 | |
| Wages | — | — | — | — | — | — | — |
Values shown as filed in iXBRL accounts. — indicates the figure was not present in the extracted filing (either not filed under that concept or absent from the period). About these numbers
Audit & accounting basis
From AI-extracted PDF accounts
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated (group)
- Auditor
- Forvis Mazars LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“These financial statements have been prepared on a going concern basis The current economic conditions present risks for all businesses In response to such conditions, the Directors have carefully considered these risks, including an assessment of uncertainty and downside scenarios on future trading projection for a period of at least 12 months from the date of signing the financial statements, and the extent to which they might affect the preparation of the financial statements on a going concern basis The Directors have taken into account forecast cash flows, liquidity, borrowing facilities and related covenant requirements and the expected operational activities of the Group Having due regard for these matters and after making appropriate enquiries, the Directors are satisfied that the Group and Company have adequate resources for a period of at least 12 months from the date of signing the financial statements”
Subsidiaries
- Project Nearshore Midco Limited · 100% held · UK · Intermediate holding company
- Godel Technologies Limited · 100% held · UK · Intermediate holding company
- Godel Technologies Europe Limited · 100% held · UK · Agile software development
- Godel Technologies Europe, UAB · 100% held · Lithuania · Agile software development
- Godel Technologies Europe LLC · 100% held · Ukraine · Agile software development
- Godel Technologies Europe EOOD · 100% held · Bulgaria · Agile software development
- LLC Godel Technologies Europe · 100% held · Poland · Agile software development
- Godel Technologies LLC · 100% held · Georgia · Agile software development
Significant events
- “On 19th March 2025 the Company entered into a revolving credit facility (RCF) with HSBC for an amount up to £9m in order to provide additional working capital in order to allow the Company to repay outstanding loan notes (c£8m at the time of the RCF) to Lowry Trading Ltd, the ultimate parent undertaking of the Company”
Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers
People
6 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| NUGENT, Robert | Secretary | 2018-04-05 | — | — |
| AFANASENKO, Andrew | Director | 2021-09-29 | Jan 1983 | Belarusian |
| AINSWORTH, Gareth James | Director | 2024-05-21 | Dec 1980 | English |
| FLETCHER, Cameron William | Director | 2025-08-28 | Nov 2002 | British |
| FLETCHER, Scott Jonathan | Director | 2018-04-27 | Aug 1973 | British |
| NUGENT, Robert | Director | 2018-04-05 | Dec 1982 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MCMURDO, Neil Matthew Alexander | Director | 2021-09-29 | 2024-05-21 |
| TURVIN, Neil | Director | 2018-04-18 | 2020-12-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Neil Turvin | Individual | Shares 50–75% | 2018-04-27 | Ceased 2020-11-30 |
| Lowry Trading Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-04-27 | Active |
| Mr Robert Nugent | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-04-05 | Ceased 2018-04-27 |
Filing timeline
Last 20 of 71 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2026-04-17 | CS01 | confirmation-statement | confirmation statement with updates |
| 2026-01-21 | CH01 | officers | change person director company with change date |
| 2026-01-20 | CH01 | officers | change person director company with change date |
| 2026-01-13 | PSC05 | persons-with-significant-control | change to a person with significant control |
| 2026-01-08 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2025-10-09 | AA | accounts | accounts with accounts type group |
| 2025-09-10 | AP01 | officers | appoint person director company with name date |
| 2025-06-26 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2025-06-04 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2025-04-18 | CS01 | confirmation-statement | confirmation statement with updates |
| 2025-03-27 | MR04 | mortgage | mortgage satisfy charge full |
| 2025-03-19 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2025-03-17 | SH03 | capital | capital return purchase own shares |
| 2025-03-11 | RESOLUTIONS | resolution | resolution |
| 2025-03-11 | MA | incorporation | memorandum articles |
| 2025-03-10 | SH01 | capital | capital allotment shares |
| 2025-03-10 | SH06 | capital | capital cancellation shares |
| 2024-09-23 | AA | accounts | accounts with accounts type group |
| 2024-06-07 | PSC05 | persons-with-significant-control | change to a person with significant control |
| 2024-05-21 | AP01 | officers | appoint person director company with name date |
Credit score
Altman Z″ — composite of working capital, retained earnings, EBIT, and leverage
Activity Score
Filings velocity, capital events, officer churn, accounts trajectory