BASSWOOD OPERATIONS LIMITED

• ◆

  2 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. BASSWOOD OPERATIONS LIMITED 2026-02-02 → present
2. PROSPERITY INSTITUTE LIMITED 2024-05-23 → 2026-02-02
3. LEGATUM INSTITUTE LIMITED 2023-03-17 → 2024-05-23
4. MANDEVILLE RESEARCH LIMITED 2023-02-14 → 2023-03-17
5. 11 CHARLES ST LIMITED 2022-12-15 → 2023-02-14

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

IFRS

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLC

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have considered the financial position and performance of the Company and have a reasonable expectation that the Company will continue in operational existence for the period of not less than twelve months from the date of the Financial Statements. The Company is able to call on funding from its parent, Legatum Global Holdings Limited (BVI-incorporated), to meet ongoing liabilities as they fall due. Additionally, the Directors of the Company have assessed Legatum Global Holdings Limited's ability and intent to provide such funding if required, by receiving written assurance confirming its financial support for the same period. Accordingly, the Financial Statements have been prepared on a going concern basis.”

Significant events

• “On 23 May 2024, the Company changed its name from Legatum Institute Limited to Prosperity Institute Limited following approval by the Board of Directors.”

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

Filings

6

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.

• Turnover

  —

  Not reported

• Cash

  -9.7%

  £1,585,486 → £1,432,021

• Net assets

  -12.5%

  £1,425,372 → £1,247,552

• Employees

  +87.5%

  8 → 15

• Operating profit

  -77.9%

  -£2,494,192 → -£4,437,630

• Profit before tax

  -79.1%

  -£2,479,408 → -£4,440,236

• Wages

  +145.9%

  £588,916 → £1,448,234

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