PROJECT BLOOM BL LTD

• ⚠

  Annual accounts overdue

  Due 2025-12-31.

• ⚠

  Material uncertainty over going concern

  The financial statements are prepared on a going concern basis with material uncertainty. The company has reported a loss of £11,436,133 for the year to 31 December 2023 (2022: £661,340), and reported a covenant breach during 2024 on the MetLife loan.

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

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The financial statements are prepared on a going concern basis with material uncertainty. The company has reported a loss of £11,436,133 for the year to 31 December 2023 (2022: £661,340), and reported a covenant breach during 2024 on the MetLife loan.”

Significant events

• “Potential enforcement action from MetLife”
• “Successfully concluding a sale of the asset”

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

Filings

9

last 12 months

Capital events

8

last 24 months

Officers appointed

0

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

  -35.1%

  £21,625,757 → £14,034,528

• Cash

  -41.1%

  £15,881,296 → £9,347,035

• Net assets

  -21.6%

  £42,380,902 → £33,209,769

• Employees

  —

  Not reported

• Operating profit

  -58%

  £13,668,667 → £5,742,905

• Profit before tax

  -1,123.3%

  £1,125,462 → -£11,516,565

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