PROJECT NEARSHORE LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-04-18 (in 11mo)
Last made up 2026-04-04
Watchouts
None on the register
Cash
£117K
Latest balance sheet
Net assets
£38M
Equity attributable
Employees
1
Average over period
Profit before tax
—
Period ending 2022-12-31
Net assets
7-year trend · vs Technology median
Accounts
7-year trend · latest reflected 2022-12-31
Latest accounts filed cover 2024-12-31; financial figures currently reflect up to 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 the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Audit & accounting basis
- 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”
Group structure
- PROJECT NEARSHORE LIMITED · parent
- Project Nearshore Midco Limited 100%
- Godel Technologies Limited 100%
- Godel Technologies Europe Limited 100%
- Godel Technologies Europe, UAB 100%
- Godel Technologies Europe LLC 100%
- Godel Technologies Europe EOOD 100%
- LLC Godel Technologies Europe 100%
- Godel Technologies LLC 100%
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 and subsidiary information is drawn from the narrative of the latest annual accounts. 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
Material constitutional events — rename, articles re-file, resolution
- 2025-03-11 RESOLUTIONS Resolution
- 2025-03-11 MA Memorandum articles
| 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 |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 3
- Officers appointed
- 1
- 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
FY2022 → FY2022 · period ending 2022-12-31 vs 2022-01-01