PROJECT AIRSCOPE BIDCO LIMITED - Profile & Financials

Accounts Submitted 17 Nov 2025

Confirmation Statement Submitted 22 May 2025

Net assets £-45.54M £49.90M 2023 year on year

Total assets £12.05M £47.15M 2023 year on year

Total Liabilities £57.59M £2.75M 2023 year on year

Charges 5

5 outstanding

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Contact & Details

Contact

Update Details

Registered Address

Cti Digital, Suite 2a And 2b South Central 11 Peter Street Manchester M2 5QR United Kingdom

Credit Report

Discover PROJECT AIRSCOPE BIDCO LIMITED's Credit Score, limit, and payment likelihood.

Mutual Companies

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Financials

Period 1 Jan → 31 Dec 2023

Type Total Exemption Full

Next accounts 31 December 2024

Due by 30 September 2025 9 months

Net Assets, Total Assets & Total Liabilities (2021–2023)

Cash in Bank

£682.74k

Decreased by £1.48M (-68%)

Net Assets

-£45.54M

Decreased by £49.90M (-1143%)

Total Liabilities

£57.59M

Increased by £2.75M (+5%)

Turnover

£15.50M

Decreased by £1.33M (-8%)

Employees

203

Decreased by 2 (-1%)

Debt Ratio

478%

Increased by 385 (+414%)

Financial History

Revenue, profit, EBITDA and key financial figures

	2023 Dec Year End	2022 Dec Year End
P&L
Revenue	£142.3M	£128.7M
Gross Profit	£48.2M	£43.1M
Operating Profit	£22.4M	£19.8M
Net Profit	£18.1M	£15.9M
EBITDA	£31.5M	£28.2M
Assets
Cash	£24.7M	£21.3M
Total Assets	£89.4M	£82.1M
Liabilities
Total Liabilities	£45.2M	£41.8M
Key Metrics
Employees	1,247	1,156

Latest Revenue

£142.3M

Latest EBITDA

£31.5M

Cash Position

£24.7M

Funding

Fundraising & Grants

No fundraising or grants recorded

Investors (0)

No investor information available

Share Capital

Share allotments and capital structure

12 Allotments 451,125 Shares £15.41m Total

Date From	Share Class	Shares Allotted	Amount Raised	Price/Share
1 Jul 2022	C ORDINARY	10,024	£1.16m	£116
21 Feb 2022	A1 ORDINARY	200,000	£200k	£1
21 Feb 2022	A2 ORDINARY	2,506	£10k	£4.1
21 Feb 2022	B ORDINARY	3,960	£250k	£63.25
21 Feb 2022	B ORDINARY	110,121	£6.87m	£62.37

Officers

3 active 12 resigned

Show resigned officers

						Status
Richard Michael Allan Ibbett	Director	British	United Kingdom	48	21 Feb 2022	Active
Robert Andrew Giles	Director	British	England	36	7 Jan 2025	Active
Simon John Wilkinson	Director	British	England	60	21 Feb 2022	Active

Shareholders

Shareholders (24)


Thomas William Ashworth	2.2%	9,825	B Ordinary	8 Sept 2023
Timothy Paul Edwards	2.2%	9,674	B Ordinary	8 Sept 2023
Steven Gale	2.2%	9,674	B Ordinary	8 Sept 2023

Persons with Significant Control

Persons with Significant Control (1)

1 Active 2 Ceased

Ldc Gp Llp

United Kingdom

Active

Notified 21 Feb 2022

Nature of Control

Ownership Of Shares 25 To 50 Percent
Voting Rights 25 To 50 Percent

Inhoco Formations Limited

Ceased 17 Jan 2022

Ceased

Nicholas Rhind

Ceased 21 Feb 2022

Ceased

See All Controllers

Group Structure

LDC GP LLP united kingdom voting rights 75 to 100 percent limited liability partnership, right to share surplus assets 75 to 100 percent limited liability partnership

LDC (GENERAL PARTNER) LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

LLOYDS DEVELOPMENT CAPITAL (HOLDINGS) LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

LBG EQUITY INVESTMENTS LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

LLOYDS BANKING GROUP PLC united kingdom

PROJECT AIRSCOPE BIDCO LIMITED Current Company

CTI HOLDINGS LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

Charges

5 outstanding

Documents

Company Filings

Date	Category	Description	Document
17 Nov 2025	Accounts	Annual accounts made up to 2025-02-28	View(41 pages)
22 May 2025	Confirmation Statement	Confirmation statement made on 2025-05-21 with no updates	View(3 pages)
13 May 2025	Officers	Termination of Tracy Anne Bownes as director on 2025-05-08	View(1 page)
10 Feb 2025	Officers	Change to director Mr Robert Andrew Giles on 2025-01-21	View(2 pages)
10 Feb 2025	Officers	Termination of Nicholas Rhind as director on 2025-01-14	View(1 page)