KPMG CRIMSONWING LIMITED
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Cash
£104K
-83% lowest in 3 filed years
Net assets
-£20M
+8.1% highest in 3 filed years
Employees
0
Average over period
Profit before tax
£2.4M
-69.5% first positive since 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
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Material uncertainty over going concern
In light of the ultimate parental support, the directors have a reasonable expectation, at the date of approving the financial statements, that the company will continue in operational existence for at least the next 12 months, notwithstanding the fact that the company has net liabilities of £20,108,000 at 30 September 2025 (2024: £21,875,000). Accordingly, the Board continues to adopt the going concern basis in preparing this report and financial statements.
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1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
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Going-concern uncertainty disclosed
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Negative shareholders' funds
Net assets
3-year trend · vs Technology median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-09-30
| Metric | Trend | 2023-09-30 | 2024-09-30 | 2025-09-30 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £49,981,000 | £72,646,000 | £72,496,000 | -0.2% | |
| Operating profit | £422,000 | £9,989,000 | £3,727,000 | -62.7% | |
| Profit before tax | -£1,498,000 | £7,736,000 | £2,356,000 | -69.5% | |
| Net profit | -£1,163,000 | £5,802,000 | £1,767,000 | -69.5% | |
| Cash | £320,000 | £612,000 | £104,000 | -83% | |
| Total assets less current liabilities | — | -£21,875,000 | -£20,108,000 | +8.1% | |
| Net assets | -£27,677,000 | -£21,875,000 | -£20,108,000 | +8.1% | |
| Equity | — | — | — | — | |
| Average employees | 0 | 0 | 0 | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | — | — | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-09-30 | 2024-09-30 | 2025-09-30 |
|---|---|---|---|---|
| Operating margin | 0.8% | 13.8% | 5.1% | |
| Net margin | -2.3% | 8.0% | 2.4% | |
| Gearing (liabilities / total assets) | 366.0% | 306.4% | 8341.0% | |
| Current ratio | 1.35x | 0.33x | 0.01x | |
| Interest cover | 0.21x | 3.92x | 2.48x |
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.
Name history
Renamed 2 times since incorporation
- KPMG CRIMSONWING LIMITED 2015-08-27 → present
- CRIMSONWING LIMITED 2000-06-01 → 2015-08-27
- MAGUS INTERNATIONAL LIMITED 1996-06-24 → 2000-06-01
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Grant Thornton UK LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“In light of the ultimate parental support, the directors have a reasonable expectation, at the date of approving the financial statements, that the company will continue in operational existence for at least the next 12 months, notwithstanding the fact that the company has net liabilities of £20,108,000 at 30 September 2025 (2024: £21,875,000). Accordingly, the Board continues to adopt the going concern basis in preparing this report and financial statements.”
Significant events
- “The company generated an operating profit of £3,727,000 for the year ended 30 September 2025 (2024: £9,989,000); the reduction on prior year as a result of an adjusted share of group staff costs absorbed by this entity for prior periods.”
- “No dividends were paid in either the current or prior year.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 17 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BARNICOAT, Edward Neil | Director | 2023-01-09 | May 1970 | British |
| FOX, Iain Alan Alfred | Director | 2019-01-31 | Feb 1971 | British |
| HEARLD, Christopher Robert | Director | 2022-02-14 | Jun 1971 | British |
Show 17 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DEAN, Joanne | Secretary | 2015-08-24 | 2026-03-31 |
| WALSH, David | Secretary | 1996-06-24 | 2015-08-24 |
| ANTHONY, Michael William | Director | 1996-06-24 | 2001-08-01 |
| BARNICOAT, Neil Edward | Director | 2021-12-31 | 2022-02-14 |
| BITTLESTON, Timothy Steven | Director | 2011-04-01 | 2013-08-31 |
| CRAWFORD, Philip James | Director | 1997-06-12 | 2015-08-24 |
| DEAN, Joanne | Director | 2021-12-31 | 2022-02-14 |
| JONES, Timothy Richard | Director | 2021-12-31 | 2022-11-30 |
| LACY, Kenneth Gerard Francis | Director | 2010-07-26 | 2014-11-28 |
| LINNEY, Derek | Director | 2004-04-01 | 2012-04-30 |
| MEEHAN, Tom | Director | 2008-04-01 | 2015-08-24 |
| MOFFATT, Robert Iain | Director | 2018-04-01 | 2021-12-31 |
| NICHOLSON, Claire Louise | Director | 2007-04-01 | 2010-06-23 |
| SCHRAM DE JONG, Jacob | Director | 2008-04-01 | 2019-01-30 |
| WALSH, David | Director | 1996-06-24 | 2018-04-01 |
| WILSON, Donald William | Director | 2021-12-31 | 2022-02-14 |
| WINCH, Michael | Director | 1997-06-12 | 2001-11-10 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Kpmg Holding Llp | Corporate entity | Significant influence | 2024-10-01 | Active |
| Kpmg Uk Holdings Limited | Corporate entity | Shares 75–100% | 2023-03-07 | Active |
| Kpmg Llp | Corporate entity | Significant influence | 2016-06-12 | Ceased 2024-10-01 |
| Crimsonwing Plc | Corporate entity | Shares 75–100% | 2016-06-12 | Ceased 2023-03-07 |
Filing timeline
Last 20 of 123 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-31 | AA | accounts | Accounts with accounts type full | |
| 2026-04-20 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-07-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-04 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-04-15 | AA | accounts | Accounts with accounts type full | |
| 2025-04-14 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-04-14 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-07-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-24 | AA | accounts | Accounts with accounts type full | |
| 2023-07-17 | AA | accounts | Accounts with accounts type full | |
| 2023-07-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-03-07 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-03-07 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-01-17 | AP01 | officers | Appoint person director company with name date | |
| 2022-12-13 | TM01 | officers | Termination director company with name termination date | |
| 2022-07-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-07-08 | AA | accounts | Accounts with accounts type full | |
| 2022-03-29 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-02-17 | AP01 | officers | Appoint person director company with name date | |
| 2022-02-17 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.