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Next accounts due

2026-09-30 (in 4mo)

Last filed for 2024-12-31

Confirmation statement due

2026-07-17 (in 2mo)

Last made up 2025-07-03

Watchouts

None on the register

Cash

£2M

+213.5% vs 2023

Net assets

£54M

+1.3% vs 2023

Employees

6

Average over period

Profit before tax

-£3M

-263.5% vs 2023

Accounts

2-year trend · latest reflected 2024-12-31

Metric Trend 2023-12-312024-12-31
Turnover
Operating profit -£777,209-£2,825,520
Profit before tax -£777,209-£2,825,520
Net profit -£779,881-£2,831,953
Cash £581,531£1,823,156
Total assets less current liabilities £53,716,499£54,417,197
Net assets £53,716,499£54,417,197
Equity £53,716,499£54,417,197
Average employees 06
Wages £239,843

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 2023-12-312024-12-31
Return on capital employed -1.4%-5.2%
Gearing (liabilities / total assets) 5.3%2.0%
Current ratio 1.16x1.72x

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 §1A
Reporting scope
Standalone (parent only)
Abridged
Yes — abridged accounts (limited disclosure)
Auditor
UHY Hacker Young LLP
Audit opinion
Unqualified (clean)
Going concern
Affirmed

“The Company has adequate resources and suitable arrangements in place for it to be able to continue in operational existence for the foreseeable future. Despite the Company not generating income for the year ended 31 December 2024, the directors have received confirmation from the Company's shareholder (Public Investment Fund) of its ongoing financial support for at least 12 months post approval of the financial statement. The support from Public Investment Fund provides the Company adequate ability to continue as going concern.”

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

People

3 active · 1 resigned

Name Role Appointed Born Nationality
TMF CORPORATE ADMINISTRATION SERVICES LIMITED Corporate Secretary 2020-11-09
ALNOWAISER, Turqi Abdulrahman, Mr. Director 2023-07-17 Feb 1977 Saudi Arabian
MOGREN, Bander Abdulrahman A Director 2023-07-17 Mar 1976 Saudi Arabian
Show 1 resigned officer
Name Role Appointed Resigned
ALRUMAYYAN, Yasir Director 2019-07-03 2023-07-17

Ownership

Persons with significant control

Name Kind Nature of control Notified Status
Public Investment Fund Legal person Shares 75–100%, Voting 75–100%, Appoints directors 2019-07-03 Active

Filing timeline

Last 20 of 24 total filings

Date Type Category Description
2026-01-07 AA accounts Accounts with accounts type full
2025-07-17 PSC06 persons-with-significant-control Change to a person with significant control PDF
2025-07-16 CS01 confirmation-statement Confirmation statement with no updates PDF
2025-01-07 AA accounts Accounts with accounts type full
2024-07-11 CS01 confirmation-statement Confirmation statement with no updates PDF
2023-10-17 AA accounts Accounts with accounts type full
2023-09-18 CH04 officers Change corporate secretary company with change date PDF
2023-09-18 AD01 address Change registered office address company with date old address new address PDF
2023-08-01 AP01 officers Appoint person director company with name date PDF
2023-07-25 TM01 officers Termination director company with name termination date PDF
2023-07-25 AP01 officers Appoint person director company with name date PDF
2023-07-17 CS01 confirmation-statement Confirmation statement with no updates PDF
2023-01-10 AA accounts Accounts with accounts type full
2022-07-28 CS01 confirmation-statement Confirmation statement with no updates PDF
2021-12-02 AA accounts Accounts with accounts type full
2021-09-06 PSC06 persons-with-significant-control Change to a person with significant control PDF
2021-07-20 CS01 confirmation-statement Confirmation statement with no updates PDF
2021-07-20 CH01 officers Change person director company with change date PDF
2020-11-11 CS01 confirmation-statement Confirmation statement with updates PDF
2020-11-11 CH01 officers Change person director company with change date PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
3

last 12 months

Capital events
0

last 24 months

Officers appointed
0

last 12 months

Officers resigned
0

last 12 months

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

Year-on-year

FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31

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

Official Companies House page