PROJECT NEPTUNE TOPCO LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

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.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis. In determining the appropriate basis of preparation of the financial statements, the directors are required to consider whether the Group and Company can continue in operational existence for the foreseeable future. The directors have prepared a full trading and cashflow forecast demonstrating the ongoing profitability and positive cashflow generation of the business. In their assessment of going concern, the directors have also considered mitigating actions available to the business in the case of underperformance and the ongoing full support it continues to receive from its shareholders. The directors have considered the risk of a potential change to the Statutory Code of Practice (the Code) for the parking industry. The Government published its consultation on the parking code during July 2025, in which it suggests that charge caps will remain at current levels although this is not yet confirmed. There is also uncertainty regarding other changes included in the final Code. Given the government's current suggestions, the continuing level of uncertainty and the forecasted cashflow generation of the business, the directors consider that a going concern basis of preparation continues to be reasonable. Overall, the directors therefore have a reasonable expectation that the company is in a position to meet its liabilities as they fall due over the next 12 months and meet expected financial covenants.”

Group structure

1. PROJECT NEPTUNE TOPCO LIMITED · parent
   1. Project Neptune Midco 1 Limited 100% · England and Wales · Holding company
   2. Project Neptune Midco 2 Limited 100% · England and Wales · Holding company
   3. Project Neptune Bidco Limited 100% · England and Wales · Holding company
   4. Creative Car Park Holdings Limited 100% · England and Wales · Holding company
   5. Creative Car Park Limited 100% · England and Wales · Car park management services
   6. Creative (Contracts) Car Park Limited 100% · England and Wales · Dormant
   7. Civil Enforcement Limited 100% · England and Wales · Service provider for issuing PCNs
   8. Bemrose Mobile Limited 100% · England and Wales · Car park management services

Significant events

• “During the current financial year, the company updated its estimate of the cash expected to be collected from parking notices issued. The impact of this change is a £4.8m upward revaluation of accrued income relating to PCNs issued in prior periods. This has generated £4.8m of revenue in the current year, this impact is not expected to re-occur in future periods.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

7

last 12 months

Capital events

4

last 24 months

Officers appointed

1

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +24.8%

  £30,425,239 → £37,968,723

• Cash

  +107.8%

  £758,389 → £1,575,625

• Net assets

  -18.9%

  -£96,906,132 → -£115,177,796

• Employees

  +10.4%

  135 → 149

• Operating profit

  +115.9%

  -£5,130,392 → £813,387

• Profit before tax

  +21.2%

  -£23,463,741 → -£18,485,719

• Wages

  +13.6%

  £7,114,836 → £8,085,756

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