PROJECT JEDI TOPCO LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2027-02-21 (in 9mo)
Last made up 2026-02-07
Watchouts
None on the register
Cash
£878K
-11.1% vs 2024
Net assets
-£6M
+76.3% vs 2024
Employees
528
-3.5% vs 2024
Profit before tax
-£2M
+84.8% vs 2024
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £45,855,000 | £40,177,000 | |
| Operating profit | -£6,019,000 | -£6,709,000 | |
| Profit before tax | -£11,885,000 | -£1,812,000 | |
| Net profit | -£11,533,000 | -£958,000 | |
| Cash | £988,000 | £878,000 | |
| Total assets less current liabilities | £6,850,000 | £32,159,000 | |
| Net assets | -£24,230,000 | -£5,748,000 | |
| Equity | -£24,230,000 | -£5,748,000 | |
| Average employees | 547 | 528 | |
| Wages | £21,998,000 | £21,394,000 |
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 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | -13.1% | -16.7% | |
| Net margin | -25.2% | -2.4% | |
| Return on capital employed | -87.9% | -20.9% | |
| Current ratio | 0.32x | 1.55x | |
| Interest cover | -1.03x | -1.20x |
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
- Azets Audit Services Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- PROJECT JEDI TOPCO LIMITED · parent
- Project Jedi Bidco Limited 100%
- Lucion Group Limited 100%
- Lucion Services Limited 100%
- Lucion Delta-Simons Ltd 100%
- Lucion Consulting Limited 100%
- Lucion Civils Limited 100%
- Lucion Environmental Limited 100%
- Nexgen Risk Management Software Limited 100%
- Lucion Survey Ltd 100%
- Lucion Survey (Landform) Ltd 100%
- Lucion Limited 100%
- Lucion Radiation Protection Services Limited 100%
- Lucion Ground Engineering Ltd 100%
- Salbrook Vance Limited 100%
Significant events
- “In April 2024, the group appointed Phil Coles as Chief Executive Officer to lead the changes required to develop and grow the organisation.”
- “Exceptional costs of £1.7m were incurred (2024: £3.9m) which include restructuring the business and debt refinancing costs.”
- “In January 2025 the group successfully negotiated further funding from its lenders, which is discussed in detail on page 20.”
- “On 19 February 2025, loan notes totalling £19,440k included within other loans were novated from Project Jedi Bidco Limited to Project Jedi Topco Limited and converted into deferred and investor deferred shares (see Note 24).”
- “Additionally, £1,100k of new loan notes were issues on 27 August 2024 followed by a further issue of loan notes totalling £4,510k on 27 February 2025.”
- “On 23 July 2025, deferred consideration of £500k held within other creditors at the year end, relating to the previous purchase of Lucion Survey Limited, has been paid by Palatine Private Equity LLP, in return for further loan notes in Project Jedi Bidco Limited for an equivalent sum.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ALLISON, Benjamin | Director | 2025-09-17 | Mar 1986 | British |
| CLEGG, Christopher Charles Darby | Director | 2025-04-02 | Jun 1974 | British |
| COLES, Philip David | Director | 2025-02-26 | Mar 1970 | British |
| LAWTON, Kieran Anthony | Director | 2019-05-20 | Dec 1978 | British |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BOULTON, Ross | Director | 2019-05-20 | 2025-04-04 |
| CHAPMAN, Darryl William | Director | 2020-07-01 | 2021-07-16 |
| MCGIVERN, James Patrick | Director | 2019-05-20 | 2023-05-01 |
| MEAD, Adam Thomas | Director | 2019-05-20 | 2024-04-30 |
| ROZIER, Philip Michael | Director | 2019-02-08 | 2024-05-08 |
| SEYMOUR, Joanne Lucy | Director | 2023-05-01 | 2025-10-22 |
| TAYLOR, Sarah Audrey | Director | 2019-10-21 | 2021-11-26 |
| WINTERBOTTOM, James | Director | 2019-05-20 | 2023-06-27 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Palatine Gp Iii Llp | Corporate entity | Shares 50–75%, Voting 75–100% | 2019-05-20 | Active |
| Mr Philip Michael Rozier | Individual | Shares 75–100%, Voting 75–100% | 2019-02-08 | Ceased 2019-05-20 |
Filing timeline
Last 20 of 75 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-06-10 RESOLUTIONS Resolution
- 2025-06-10 MA Memorandum articles
- 2024-09-05 RESOLUTIONS Resolution
- 2024-09-05 MA Memorandum articles
- 2024-09-05 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-11 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-01-05 | AA | accounts | Accounts with accounts type group | |
| 2025-12-18 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-10-29 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-17 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-07 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-10 | RESOLUTIONS | resolution | Resolution | |
| 2025-06-10 | MA | incorporation | Memorandum articles | |
| 2025-04-17 | SH01 | capital | Capital allotment shares | |
| 2025-04-04 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-04 | AA | accounts | Accounts with accounts type group | |
| 2025-03-31 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-25 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-02-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-10-31 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-09-05 | RESOLUTIONS | resolution | Resolution | |
| 2024-09-05 | MA | incorporation | Memorandum articles | |
| 2024-09-05 | RESOLUTIONS | resolution | Resolution | |
| 2024-09-03 | SH08 | capital | Capital name of class of shares | |
| 2024-09-03 | SH10 | capital | Capital variation of rights attached to shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 3
- Officers appointed
- 1
- Officers resigned
- 1
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 2025-03-31 vs 2024-03-31
-
Turnover
-12.4%
£45,855,000 £40,177,000
-
Cash
-11.1%
£988,000 £878,000
-
Net assets
+76.3%
-£24,230,000 -£5,748,000
-
Employees
-3.5%
547 528
-
Operating profit
-11.5%
-£6,019,000 -£6,709,000
-
Profit before tax
+84.8%
-£11,885,000 -£1,812,000
-
Wages
-2.7%
£21,998,000 £21,394,000
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