Project Wexler Bidco Limited
Registered name: PROJECT WEXLER BIDCO LIMITED
Part of Cadence Equity Partners Limited groupProject Wexler Bidco Limited made £305k revenue and a £9m loss in the year to 31 May 2025.
Project Wexler Bidco Limited’s revenue was £305k in the year to 31 May 2025, with a loss of £9m and 0 employees. The company is classified under “activities of other holding companies” and is based in Southampton; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Southampton, South East
- Age
- 2 yrs · since 2023
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 17 Oct 2023 | 31 May 2024 | 31 May 2025 |
|---|---|---|---|
| Disclosure | No P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | — | £0 | £305k |
| Gross profit | — | £0 | £305k |
| Operating profit | — | −£1.1m | −£117k |
| Profit before tax | — | −£4.4m | −£9m |
| Profit after tax | — | −£4.4m | −£9m |
| Profit (best available) | — | −£4.4m | −£9m |
| Employees (average) | 0 | 0 | 0 |
| Ratios | |||
| Profit margin | — | — | −2947% |
| Gross margin | — | — | 100% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | — | £1k | £2.9k |
| Net assets | — | −£3.3m | −£12.3m |
| Fixed assets | — | £65.1m | £65.1m |
| Current assets | — | £125k | £61.7k |
| Debtors | — | £124k | £58.8k |
| Deferred income | — | £0 | £9.8k |
| Source | FullAccounts · bulk data Feb 2025 | FullAccounts · bulk data Feb 2025 | FullAccounts · bulk data Feb 2026 |
How the business works
- Profit margin
- −2947%
- Profit ÷ revenue.
- Gross margin
- 100%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- —
- Revenue ÷ average employees.
- Profit per employee
- —
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 21363%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 3.2%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 19.3%
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- —
- Now −£12.3m
- Cash at bank
- —
- Now £2.9k
- Headcount
- —
- Now 0
- Deferred income
- —
- Now £9.8k
- Fixed assets
- —
- Now £65.1m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Cadence Equity Partners Limitedultimate parent75–100%
- Cadence Wexler GP LLP50–75%
- Project Wexler Topco Limited75–100%
- Project Wexler Midco Limited75–100%
- Project Wexler Finco Limited75–100%
- Project Wexler Bidco Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Scci Group LimitedRev. — · Profit −£641k
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 May 2025 (profit −£9m), from the Companies House accounts bulk data published Feb 2026. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.