TROWBRIDGE MIDCO LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-10-26 (in 5mo)
Last made up 2025-10-12
Watchouts
Cash
—
Latest balance sheet
Net assets
-£44M
-4,407,752,400% vs 2023
Employees
0
Average over period
Profit before tax
-£44M
Period ending 2024-12-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
These events or conditions as noted above indicate that there is a material uncertainty that may cast significant doubt on the Company's ability to continue as a going concern. However, as the largest specialist Schoolwear provider in the UK the Directors remain confident that the Group is well placed to navigate this legislative change and the forecasts demonstrate that the Group is expected to generate EBITDA and positive operating cash through to 31 December 2026 and 2027. Furthermore, the forecasts indicate that the Group has sufficient headroom against its financing facilities to meet its obligations as they fall due for a period of at least 12 months from the date of approval of these financial statements. On this basis, the Directors are satisfied that the company has adequate resources to continue as a going concern. The Group also retains the strong support of its majority shareholders and its lenders as illustrated by the extension of its 'A' Term Loan from October 2026 to October 2027.
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | — | — | |
| Operating profit | — | — | |
| Profit before tax | — | -£44,077,524 | |
| Net profit | — | -£44,077,524 | |
| Cash | — | — | |
| Total assets less current liabilities | — | -£44,077,523 | |
| Net assets | £1 | -£44,077,523 | |
| Equity | £1 | -£44,077,523 | |
| Average employees | 0 | 0 | |
| 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
- Standalone (parent only)
- Auditor
- RSM UK Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“These events or conditions as noted above indicate that there is a material uncertainty that may cast significant doubt on the Company's ability to continue as a going concern. However, as the largest specialist Schoolwear provider in the UK the Directors remain confident that the Group is well placed to navigate this legislative change and the forecasts demonstrate that the Group is expected to generate EBITDA and positive operating cash through to 31 December 2026 and 2027. Furthermore, the forecasts indicate that the Group has sufficient headroom against its financing facilities to meet its obligations as they fall due for a period of at least 12 months from the date of approval of these financial statements. On this basis, the Directors are satisfied that the company has adequate resources to continue as a going concern. The Group also retains the strong support of its majority shareholders and its lenders as illustrated by the extension of its 'A' Term Loan from October 2026 to October 2027.”
Group structure
- TROWBRIDGE MIDCO LIMITED · parent
- Trowbridge Bidco Limited 100%
- Roman Group Topco Limited 100%
- Roman Bidco Limited 100%
- Banner Limited 100%
- Blue Max Limited 100%
- Stag Knitwear Company Limited 100%
- Sportswear International Limited 100%
- Orion Schoolwear Limited 100%
- Orion Teamwear Limited 100%
- William Turner & Son (Stockport) Limited 100%
- William Turner (Shanghai) Import and Export Co. Ltd 100%
- Tie Club Limited 100%
- Blue Max Group Limited 100%
- Banner (North) Limited 100%
- Banner Holdings Limited 100%
- Blue Max Banner Limited 100%
- F.R. Monkhouse Limited 100%
- Early Years Schoolwear Limited 100%
- Gridline Enterprises Limited 100%
- Forrester Sports Limited 100%
- Peak Sports Limited 100%
- Initially Yours Embroiderers Limited 100%
- Total Promotions Limited 100%
- John McHugh (Stretford) Limited 100%
- Sussex Uniforms Limited 100%
- Elite Uniforms Limited 100%
- S. Simmonds & Son Limited 100%
Significant events
- “During the year the company has completed impairment reviews which has resulted in investments being impaired by £1 and group debtors by £44,077,523.”
- “In the comparative period ended 31 December 2023, £20,000 compensation for loss of office was paid to a former director of the business.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BLACKMAN, Heather Frances | Director | 2025-03-14 | Feb 1963 | British |
| LEWIS, Paul | Director | 2024-06-03 | Feb 1974 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DINNEN, Sean Michael, Mr. | Director | 2021-10-27 | 2026-02-03 |
| HEWLETT, Harry Richard | Director | 2021-10-13 | 2025-03-14 |
| LEECH, Glenn Peter | Director | 2022-09-05 | 2025-03-14 |
| WEBB, Ian John | Director | 2022-09-05 | 2024-02-28 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Trowbridge Holdco Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2022-03-09 | Active |
| Cbpe Capital X Gp Llp | Corporate entity | Shares 75–100%, significant-influence-or-control-as-firm | 2021-10-27 | Ceased 2022-03-09 |
| Cbpe Capital Llp | Corporate entity | Voting 75–100%, Appoints directors, significant-influence-or-control-as-firm | 2021-10-27 | Ceased 2022-03-09 |
| Trowbridge Holdco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-10-13 | Ceased 2021-10-27 |
Filing timeline
Last 20 of 28 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-05 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-31 | AA | accounts | Accounts with accounts type full | |
| 2025-10-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-14 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-14 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-14 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-11 | AA | accounts | Accounts with accounts type full | |
| 2024-06-10 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-01 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-04 | AA | accounts | Accounts with accounts type full | |
| 2022-10-20 | AA | accounts | Accounts with accounts type full | |
| 2022-10-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-06 | AP01 | officers | Appoint person director company with name date | |
| 2022-09-06 | AP01 | officers | Appoint person director company with name date | |
| 2022-03-09 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-03-09 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-03-09 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2022-01-17 | AA01 | accounts | Change account reference date company previous shortened |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- 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
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
—
Not reported
-
Cash
—
Not reported
-
Net assets
-4,407,752,400%
£1 -£44,077,523
-
Employees
—
Not reported
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