CTS PROJECTS LIMITED
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Cash
£614k
-72.3% lowest in 3 filed years
Net assets
£4m
+131.6% highest in 3 filed years
Employees
127
-12.4% lowest in 3 filed years
Profit before tax
£3m
+85.3% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
2 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-02-28
| Metric | Trend | 2024-03-31 | 2025-03-31 | 2026-02-28 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £37,565,912 | £45,257,946 | £43,828,191 | -3.2% | |
| Operating profit | -£210,858 | £1,648,773 | £2,988,646 | +81.3% | |
| Profit before tax | -£265,458 | £1,629,507 | £3,019,513 | +85.3% | |
| Net profit | -£214,861 | £1,217,728 | £2,248,410 | +84.6% | |
| Cash | £1,006,565 | £2,214,256 | £613,905 | -72.3% | |
| Total assets less current liabilities | £1,026,783 | £2,007,612 | £4,189,399 | +108.7% | |
| Net assets | £490,404 | £1,708,174 | £3,956,584 | +131.6% | |
| Equity | £490,404 | £1,708,174 | £3,956,584 | +131.6% | |
| Average employees | 151 | 145 | 127 | -12.4% | |
| Wages | £4,254,274 | £4,785,944 | £4,493,563 | -6.1% | |
| Directors' remuneration | £84,000 | £183,333 | £443,923 | +142.1% | |
| Directors' pension contributions | — | — | £112,537 | — | |
| Highest paid director | — | — | £165,257 | — |
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 | 2024-03-31 | 2025-03-31 | 2026-02-28 |
|---|---|---|---|---|
| Operating margin | -0.6% | 3.6% | 6.8% | |
| Net margin | -0.6% | 2.7% | 5.1% | |
| Return on capital employed | -20.5% | 82.1% | 71.3% | |
| Gearing (liabilities / total assets) | 95.3% | 86.5% | 71.9% | |
| Current ratio | 0.97x | 1.08x | 1.32x | |
| Interest cover | -3.86x | 50.59x | — |
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
- BDO Northern Ireland
- 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...”
Significant events
- “Cardo Group Limited acquired 100% of the shares in CTS Projects Limited on 19 September 2025.”
- “The end of the reporting period has been changed to 28 February 2026 to align with the parent company.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BEVAN, Liam Christopher | Director | 2025-09-19 | Feb 1987 | British |
| CREWE, Alexander | Director | 2025-09-19 | Jun 1989 | British |
| HYLANDS, Serena, Mrs. | Director | 2025-03-27 | Jul 1983 | British |
| MCGREEVY, Connaire Thomas | Director | 2006-08-30 | Apr 1982 | Irish |
| NELSON, Jane | Director | 2025-09-19 | Jul 1959 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MCGREEVY, Joan | Secretary | 2006-08-30 | 2025-09-19 |
| RICHARDSON, Mark | Secretary | 2006-08-30 | 2006-08-30 |
| MCGREEVY, Joan | Director | 2016-11-02 | 2025-09-19 |
| SMYTH, Regan | Director | 2006-08-30 | 2006-08-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Cardo Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2025-09-19 | Active |
| Guiding Light Holdings Limited | Corporate entity | Shares 50–75%, Voting 50–75% | 2025-03-27 | Ceased 2025-09-19 |
| Mr Connaire Thomas Stephen Mcgreevy | Individual | Significant influence | 2016-05-01 | Ceased 2025-03-27 |
Filing timeline
Last 20 of 92 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-11-12 RESOLUTIONS Resolution
- 2025-10-21 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-24 | AA | accounts | Accounts with accounts type full | |
| 2026-09-24 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-04-08 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-01-06 | AA01 | accounts | Change account reference date company current shortened | |
| 2025-12-19 | AA | accounts | Accounts with accounts type full | |
| 2025-11-12 | RESOLUTIONS | resolution | Resolution | |
| 2025-10-21 | MA | incorporation | Memorandum articles | |
| 2025-10-02 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-09-25 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-25 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-25 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-24 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-24 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-09-24 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-09-19 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-09-19 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-09-18 | RP04AR01 | annual-return | Second filing of annual return with made up date | |
| 2025-09-18 | RP04AR01 | annual-return | Second filing of annual return with made up date | |
| 2025-09-10 | SH02 | capital | Capital alter shares redemption statement of capital | |
| 2025-09-09 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 1
- 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.