PROJECT GLOW TOPCO LIMITED
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Cash
—
Latest balance sheet
Net assets
£31m
+2,050% highest in 3 filed years
Employees
—
Average over period
Profit before tax
-£1.9m
+25.7% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
8 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £68,289,027 | £101,123,802 | — | — | |
| Operating profit | £1,948,972 | -£303,842 | -£262,669 | +13.6% | |
| Profit before tax | -£4,543,777 | -£2,539,545 | -£1,887,623 | +25.7% | |
| Net profit | -£5,212,624 | — | -£1,887,623 | — | |
| Cash | £12,021,383 | £14,527,817 | — | — | |
| Total assets less current liabilities | £63,865,789 | £31,011,112 | £30,660,935 | -1.1% | |
| Net assets | -£11,710,487 | -£1,572,383 | £30,660,935 | +2,050% | |
| Equity | -£11,710,487 | -£1,572,383 | £30,660,935 | +2,050% | |
| Average employees | 155 | 211 | — | — | |
| Wages | £4,560,633 | £8,558,936 | — | — | |
| Directors' remuneration | £847,891 | £2,258,530 | — | — |
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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 2.9% | -0.3% | — | |
| Net margin | -7.6% | — | — | |
| Return on capital employed | 3.1% | -1.0% | -0.9% | |
| Gearing (liabilities / total assets) | — | 105.1% | 0.3% | |
| Current ratio | 1.61x | 0.11x | 0.03x | |
| Interest cover | 0.29x | -0.11x | -0.11x |
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
- Standalone (parent only)
- Auditor
- RSM UK Audit 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 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
- PROJECT GLOW TOPCO LIMITED · parent
- Project Glow Midco Limited
- Project Glow Bidco Limited
- The Beauty Tech Group Trading Limited (formerly The Beauty Tech Group Limited)
- Beauty Tech Group Inc (formerly ZIIP Inc)
- Aesthete Holding Corporation
- The Beauty Tech Group B.V.
- Beauty Tech Group LLC
- The Beauty Tech Group HK Limited
- The Beauty Tech Group TBTG PTE. Limited
- The Beauty Tech Group (Shanghai) Limited
- Beauty Tech Group India Private Limited
- Currentbody Skin Limited
- Tria Laser Inc
- The Beauty Tech Group Japan Godo Kaisha
Significant events
- “On 3 October 2025, as part of a pre-IPO reorganisation of the Group, the entire issued share capital of the Company was acquired by The Beauty Tech Group plc by way of a share-for-share exchange, in connection with the admission of The Beauty Tech Group plc to the Main Market of the London Stock Exchange on 8 October 2025.”
- “The completion of the pre-IPO reorganisation on 3 October 2025 constituted an exit event for the purposes of the vesting conditions attached to the C Ordinary and D Ordinary shares. As a result, the remaining vesting conditions (including the non-market EBITDA-related conditions attaching to certain D Ordinary shares) were satisfied in full on that date.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CLAYTON, Sarah Frances | Secretary | 2025-07-22 | — | — |
| ALTER DOMUS (UK) LIMITED | Corporate Secretary | 2022-03-09 | — | — |
| GLYNN, Samuel Nathan | Director | 2021-11-05 | May 1988 | British |
| NEWMAN, Laurence Mark | Director | 2021-11-05 | Jul 1974 | British |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ANDERSON, Seonna Louise | Director | 2025-09-01 | 2025-12-31 |
| CODD, Rory William | Director | 2021-10-11 | 2021-11-05 |
| COOPER, Simon Matthew | Director | 2021-11-05 | 2025-12-31 |
| GEDMAN, Paul Jonathan | Director | 2021-11-05 | 2025-08-19 |
| MCGRATH, Michael Andrew | Director | 2021-11-05 | 2025-08-19 |
| NICKOLDS, Paula Margaret | Director | 2022-12-13 | 2025-08-19 |
| O'DONNELL, Elaine | Director | 2025-05-01 | 2025-12-31 |
| SHOWMAN, Andrew Michael | Director | 2021-11-05 | 2025-08-19 |
| THAKRAL, Indergopal Singh | Director | 2023-06-22 | 2025-08-19 |
| WATERS, Caspar Rudyard Van Der Byl | Director | 2021-10-11 | 2021-11-05 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| The Beauty Tech Group Plc | Corporate entity | Shares 50–75%, Voting 50–75%, Appoints directors | 2025-10-03 | Active |
| Ecomplete Spv Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2021-10-11 | Active |
Filing timeline
Last 20 of 89 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-12-12 MA Memorandum articles
- 2025-12-12 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-08 | AA | accounts | Accounts with accounts type full | |
| 2026-07-07 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-05-27 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-03-09 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2026-03-04 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-02-05 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-05 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-05 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-23 | SH02 | capital | Capital alter shares subdivision | |
| 2025-12-23 | SH02 | capital | Capital alter shares subdivision | |
| 2025-12-23 | SH02 | capital | Capital alter shares subdivision | |
| 2025-12-21 | SH08 | capital | Capital name of class of shares | |
| 2025-12-21 | SH08 | capital | Capital name of class of shares | |
| 2025-12-17 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-12-17 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-12-17 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-12-12 | MA | incorporation | Memorandum articles | |
| 2025-12-12 | RESOLUTIONS | resolution | Resolution | |
| 2025-12-08 | SH01 | capital | Capital allotment shares | |
| 2025-11-19 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- Capital events
- 6
- Officers appointed
- 0
- Officers resigned
- 8
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.