CB-SDG MIDCO LIMITED
CB-SDG Midco Limited acts as an intermediate holding company for Six Degrees Group, a UK-based provider of cloud and managed IT services.
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Cash
£11M
-33.3% lowest in 3 filed years
Net assets
-£68M
-512.1% vs 2024
Employees
309
-28.1% lowest in 3 filed years
Profit before tax
-£56M
-153.3% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Confirmation statement overdue
Due 2026-06-29.
-
Negative shareholders' funds
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-03-31
| Metric | Trend | 2023-03-31 | 2024-03-31 | 2025-03-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £80,888,000 | £77,007,000 | £69,976,000 | -9.1% | |
| Operating profit | -£31,711,000 | -£31,900,000 | -£35,107,000 | -10.1% | |
| Profit before tax | -£57,946,000 | £105,855,000 | -£56,378,000 | -153.3% | |
| Net profit | -£58,032,000 | £105,935,000 | -£56,507,000 | -153.3% | |
| Cash | £10,794,000 | £16,085,000 | £10,729,000 | -33.3% | |
| Total assets less current liabilities | £90,971,000 | £64,082,000 | £24,434,000 | -61.9% | |
| Net assets | -£119,702,000 | -£11,035,000 | -£67,542,000 | -512.1% | |
| Equity | -£119,702,000 | -£11,035,000 | — | — | |
| Average employees | 454 | 430 | 309 | -28.1% | |
| Wages | £22,627,000 | £22,253,000 | £19,120,000 | -14.1% | |
| Directors' remuneration | — | £624,302 | £822,596 | +31.8% |
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 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|
| Operating margin | -39.2% | -41.4% | -50.2% | |
| Net margin | -71.7% | 137.6% | -80.8% | |
| Return on capital employed | -34.9% | -49.8% | -143.7% | |
| Gearing (liabilities / total assets) | — | 112.1% | 234.1% | |
| Current ratio | 2.07x | 1.62x | 1.34x | |
| Interest cover | -1.21x | -1.68x | -1.64x |
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
- Grant Thornton UK LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“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 and 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
- CB-SDG MIDCO LIMITED · parent
- CB-SDG Limited 100%
- Six Degrees Holdings Limited 100%
- Six Degrees Technology Limited 100%
- Six Degrees Investments Limited 100%
- Six Degrees Property Limited 100%
- Six Degrees Technology Group Limited 100%
- BIS Limited 100%
- 6DG US Inc 100%
- Convergent Network Solutions Limited 100%
- Convergent Holdings (London) Limited 100%
- C24 Ltd 100%
- Capital Support Group Limited 100%
- Sunrise Associates Limited 100%
- Sunrise Group Holdings Limited 100%
- SKD 1 Limited 100%
- SKD 2 Limited 100%
- SKD 4 Limited 100%
- SKD 8 Limited 100%
- SKD 15 Limited 100%
- SKD 19 Limited 100%
- SKD 20 Limited 100%
- SKD 21 Limited 100%
Significant events
- “Since the year end SKD 8 Limited, a fixed asset investment, has been dissolved.”
- “Post year-end (31 March 2025), the Group identified further opportunities to transform, in order to allow the business to thrive. The continuing challenging trading environment experienced has meant that the Group has had to further review its cost base. In response to this, the Group has simplified and rationalised its cost base. This has meant that in H126, the Group undertook a further round of redundancies and moved more activity offshore. Management believe that the Group's cost base is now optimised for future profitable growth.”
- “In FY26, the Group obtained a new Credit Facility (CF) of £4.0m with a further £1.0m available on request. The facility runs to April 2027.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MANUEL, David Colin | Secretary | 2024-12-20 | — | — |
| DELUCA, Vincent | Director | 2024-12-18 | Mar 1964 | American |
| MANUEL, David Colin | Director | 2022-05-11 | Oct 1969 | British |
| MCGUIRE, Mike | Director | 2022-03-29 | Dec 1987 | American |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| O'CONNOR, Caroline Sarah | Secretary | 2023-09-13 | 2024-12-19 |
| REDDING, Matthew | Secretary | 2019-10-28 | 2023-09-13 |
| CARROLL, Ryan | Director | 2015-06-16 | 2015-07-07 |
| CHAPMAN, Kirsty | Director | 2017-09-08 | 2018-03-06 |
| CHOE, Michael | Director | 2015-06-16 | 2015-07-07 |
| CRAWLEY-TRICE, Simon Richard | Director | 2021-05-12 | 2024-06-11 |
| HOWE, Adrian Trevor | Director | 2015-07-07 | 2016-10-07 |
| HOWSON, David Michael | Director | 2017-02-01 | 2021-05-12 |
| ING, Michael Andrew | Director | 2016-10-07 | 2017-09-08 |
| KARAOLIS, Stylianos | Director | 2021-12-15 | 2022-05-11 |
| MILLS, Alastair Richard | Director | 2015-07-07 | 2017-01-31 |
| MITCHELL, Steven Keith | Director | 2018-03-06 | 2021-12-23 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| 6dg Holdco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-03-29 | Active |
| Cb-Sdg Holdco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2022-03-29 |
Filing timeline
Last 20 of 74 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-04-01 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-27 | AA | accounts | Accounts with accounts type group | |
| 2025-11-21 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-06-26 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-06-26 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-06-26 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-04-01 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2025-04-01 | RESOLUTIONS | resolution | Resolution | |
| 2025-04-01 | CAP-SS | insolvency | Legacy | |
| 2025-04-01 | SH20 | capital | Legacy | |
| 2025-01-08 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-01-08 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-20 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-12-17 | AA | accounts | Accounts with accounts type group | |
| 2024-06-26 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-06-17 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-20 | AA | accounts | Accounts with accounts type group | |
| 2024-03-07 | SH01 | capital | Capital allotment shares | |
| 2023-09-26 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-09-26 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-06-29 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.