PROJECT NEARSHORE MIDCO LIMITED
Project Nearshore Midco Limited is a dormant holding entity operating as a mid-level company within the Project Nearshore corporate structure.
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Cash
£828
-65.7% vs 2023
Net assets
£29M
+16.5% highest in 5 filed years
Employees
1
0% vs 2023
Profit before tax
£12M
-19.2% first positive since 2020
Net assets
6-year trend · vs Unclassified median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2020-06-25 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | — | — | |
| Operating profit | — | -£7,917 | -£95,091 | -£95,193 | -£71,908 | -£35,894 | +50.1% | |
| Profit before tax | — | -£57,203 | £14,064,114 | £10,034,677 | £14,552,541 | £11,751,642 | -19.2% | |
| Net profit | — | -£57,203 | £14,064,114 | £10,034,677 | £14,552,541 | £11,751,642 | -19.2% | |
| Cash | — | £1 | £1,037,159 | £10,789 | £2,413 | £828 | -65.7% | |
| Total assets less current liabilities | — | £14,576,850 | £25,825,894 | £17,460,285 | £24,590,153 | £28,655,513 | +16.5% | |
| Net assets | — | -£57,202 | £13,919,114 | £17,460,285 | £24,590,153 | £28,655,513 | +16.5% | |
| Equity | — | -£57,202 | £13,919,114 | £17,460,285 | £24,590,153 | £28,655,513 | +16.5% | |
| Average employees | 0 | 1 | 1 | 1 | 1 | 1 | 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 | 2020-06-25 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Return on capital employed | — | -0.1% | -0.4% | -0.5% | -0.3% | -0.1% | |
| Current ratio | — | — | — | — | 0.04x | 0.00x | |
| Interest cover | — | -0.16x | -0.19x | -0.16x | -0.16x | -0.14x |
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 1 time since incorporation
- PROJECT NEARSHORE MIDCO LIMITED 2020-09-03 → present
- AGHOCO 1938 LIMITED 2020-06-26 → 2020-09-03
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Forvis Mazars LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and that there are no material uncertainties that lead to significant doubt upon the Company's ability to continue as a going concern Thus, the Directors have continued to adopt the going concern basis of accounting in preparing these financial statements”
Group structure
- PROJECT NEARSHORE MIDCO LIMITED · parent
- Godel Technologies Limited 100%
- Godel Technologies Europe Limited 100%
- Gadel Technologies Europe, UAB 100%
- Godel Technologies Europe LLC 100%
- Godel Technologies Europe EOOD (Bulgaria) 100%
- LLC Godel Technologies Europe (Poland) 99%
- Godel Technologies LLC 100%
- Fundacja Godel (Godel Poland Foundation) 100%
Significant events
- “On 19th March 2025 Project Nearshore Limited, the immediate parent undertaking of the Company, entered into a revolving credit facility (RCF) with HSBC for an amount up to £9m in order to provide additional working capital in order to allow Project Nearshore Limited to repay outstanding loan notes (c£8m at the time of the RCF) to Lowry Trading Ltd, the ultimate parent undertaking of Project Nearshore Limited and the Company The Company is a guarantor of the RCF agreement, via a fixed and floating charge over the assets of the Company”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| AINSWORTH, Gareth James | Director | 2025-01-02 | Dec 1980 | British |
| FLETCHER, Cameron William | Director | 2025-08-28 | Nov 2002 | British |
| NUGENT, Robert | Director | 2020-09-03 | Dec 1982 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| A G SECRETARIAL LIMITED | Corporate Secretary | 2020-06-26 | 2020-09-03 |
| HART, Roger | Director | 2020-06-26 | 2020-09-03 |
| A G SECRETARIAL LIMITED | Corporate Director | 2020-06-26 | 2020-09-03 |
| INHOCO FORMATIONS LIMITED | Corporate Director | 2020-06-26 | 2020-09-03 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Project Nearshore Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-09-04 | Active |
| Inhoco Formations Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-06-26 | Ceased 2020-09-04 |
Filing timeline
Last 20 of 33 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-20 | CH01 | officers | Change person director company with change date | |
| 2026-01-08 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-10-09 | AA | accounts | Accounts with accounts type full | |
| 2025-09-10 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-16 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-07-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-27 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-03-19 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-01-15 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-16 | AA | accounts | Accounts with accounts type full | |
| 2024-07-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-26 | AA | accounts | Accounts with accounts type full | |
| 2023-08-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-11-03 | DISS40 | gazette | Gazette filings brought up to date | |
| 2022-11-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-20 | GAZ1 | gazette | Gazette notice compulsory | |
| 2022-05-19 | AA | accounts | Accounts with accounts type full | |
| 2021-09-28 | AA | accounts | Accounts with accounts type full | |
| 2021-07-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-02-24 | AA01 | accounts | Change account reference date company previous shortened |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 1
- 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.