PROJECT PORTOFINO TOPCO LIMITED

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

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. PROJECT PORTOFINO TOPCO LIMITED · parent
   1. Project Portofino Midco 1 Limited 100% · Holding company
   2. Project Portofino Midco 2 Limited 100% · Holding company
   3. Project Portofino Bidco Limited 100% · Holding company
   4. Arc (U.K.) Systems Limited 100% · IT consultancy
   5. ChunkyChips.net Limited 100% · IT consultancy
   6. Clear Thinking IT Limited 100% · IT consultancy
   7. NITC Holdings Limited 100% · Holding company
   8. Nationwide IT Consultancy Limited 100% · IT consultancy
   9. Nationwide IT Consultancy Limited 100% · Ireland · IT consultancy
   10. Project Percy Midco Limited 66.6% · Holding company
   11. Perspicuity Limited 66.6% · IT consultancy

Significant events

• “On 24 October 2024, the Group completed the acquisition of the entire share capital of NITC Holdings Limited, Nationwide IT Consultancy Limited (UK), and Nationwide IT Consultancy Limited (Ireland).”
• “On 14 January 2025, the Group subscribed to 66.6% of the share capital of Project Percy Midco Limited which then acquired a 100% interest in Perspicuity Limited.”

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

Filings

10

last 12 months

Capital events

2

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

  +61.2%

  £10,850,263 → £17,485,344

• Cash

  +47.8%

  £1,939,940 → £2,868,090

• Net assets

  -123.8%

  -£4,854,421 → -£10,864,153

• Employees

  +58.4%

  77 → 122

• Operating profit

  +17%

  -£1,923,681 → -£1,596,377

• Profit before tax

  -4.3%

  -£5,615,182 → -£5,858,438

• Wages

  +57.8%

  £2,993,742 → £4,723,636

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