PROJECT GAIA TOPCO LIMITED
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Next accounts due
2026-07-31 (in 2mo)
Last filed for 2024-10-31
Confirmation statement due
2026-04-20
Overdue
Watchouts
Cash
£5M
Latest balance sheet
Net assets
-£7M
Equity attributable
Employees
303
Average over period
Profit before tax
-£7M
Period ending 2024-10-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Confirmation statement overdue
Due 2026-04-20.
Net assets
1-year trend · vs Industrials median
Accounts
1-year trend · latest reflected 2024-10-31
| Metric | Trend | 2024-10-31 |
|---|---|---|
| Turnover | £18,813,000 | |
| Operating profit | -£2,168,000 | |
| Profit before tax | -£7,086,000 | |
| Net profit | -£8,156,000 | |
| Cash | £4,650,000 | |
| Total assets less current liabilities | £100,798,000 | |
| Net assets | -£7,176,000 | |
| Equity | -£7,176,000 | |
| Average employees | 303 | |
| Wages | £11,111,000 |
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 | 2024-10-31 |
|---|---|---|
| Operating margin | -11.5% | |
| Net margin | -43.4% | |
| Return on capital employed | -2.2% | |
| Gearing (liabilities / total assets) | 106.2% | |
| Current ratio | 2.08x | |
| Interest cover | -0.44x |
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
- Reporting scope
- Consolidated group
- Auditor
- RSM UK Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have considered current economic conditions and at the time of approving the financial statements, believe the Group is in a strong financial position. The Directors regularly review past performance and future forecasts, and the availability of cash is monitored at both a Company and Group level by the Group management team. Confirmation has been received that amounts owed within the Group will not be requested for payment until such time as sufficient funds are available. The Directors do not consider there to be any uncertainty regarding this confirmation and as such have deemed it appropriate to adopt the going concern basis of preparation for the accounts.”
Group structure
- PROJECT GAIA TOPCO LIMITED · parent
- Project Gaia Midco 1 Limited 100%
- Project Gaia Bidco Limited 100%
- Utilitas Holdings Limited 100%
- Utilitas Limited 100%
- Sustainable Energy First Limited 100%
- Inenco Holdings Limited 100%
- Inenco Limited 100%
- Inenco Group Limited 100%
- Inenco Energy Trading Limited 100%
- Peer2Peer Energy Limited 100%
Significant events
- “A significant step was taken towards the acquisitions objective in August 2024 with the acquisition of Inenco Holdings Limited and its subsidiaries. This acquisition offers the opportunity to increase overall Group revenue to approximately double the existing level and grow the Group's customer base, providing more opportunities for cross-selling of sustainability services.”
- “On 25th April 2024, Project Gaia Bidco Limited completed the acquisition of the Sustainable Energy First business through the acquisition of 100% of the share capital of Utilitas Holdings Limited and its subsidiaries.”
- “On 16 August 2024 the Company's subsidiary undertaking Sustainable Energy First Limited acquired 100% of the share capital of Inenco Holdings Limited and its subsidiaries.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ABBOTT, Michael Edward | Director | 2024-04-25 | Jul 1967 | British |
| BAHADUR, Yaseen | Director | 2024-04-25 | Oct 1977 | British |
| BURNS, Luke | Director | 2024-04-07 | Feb 1988 | British |
| CLARKSON, Shaun | Director | 2024-04-25 | Sep 1964 | British |
| ELLIS, Thomas David | Director | 2024-04-25 | Feb 1980 | British |
| MARSH, Andrew Neil | Director | 2024-04-25 | Jul 1970 | British |
| MAYALL, Anthony | Director | 2024-04-25 | Jan 1974 | British |
| RUSSELL, Christopher Mark | Director | 2024-04-25 | Mar 1980 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Dale Russell Shaun Priestley | Individual | Shares 25–50%, Voting 25–50% | 2024-04-25 | Active |
| Beech Tree General Partner Iv Llp | Corporate entity | Shares 25–50%, Voting 25–50% | 2024-04-07 | Active |
Filing timeline
Last 20 of 20 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-05-14 RESOLUTIONS Resolution
- 2024-05-14 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-04 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-08-21 | AA | accounts | Accounts with accounts type group | |
| 2025-05-23 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-05-23 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-05-17 | SH01 | capital | Capital allotment shares | |
| 2024-05-14 | RESOLUTIONS | resolution | Resolution | |
| 2024-05-14 | MA | incorporation | Memorandum articles | |
| 2024-05-14 | SH08 | capital | Capital name of class of shares | |
| 2024-05-10 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-05-10 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-05-09 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-09 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-09 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-09 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-09 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-09 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-09 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-09 | AA01 | accounts | Change account reference date company current shortened | |
| 2024-04-18 | CH01 | officers | Change person director company with change date | |
| 2024-04-07 | NEWINC | incorporation | Incorporation company |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 2
- Officers appointed
- 0
- Officers resigned
- 0
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
Latest filed period vs the prior one