Transform Midco Limited
Private Limited Company · London
ActiveUnited KingdomIncorporated 2020Private Limited Company
Financial position
Accounts to 2025-12-31 · GBP · Company accounts
Net assets
£36,173,603
Cash
—
Turnover
—
Profit / loss
−£1,255,940
Current assets
—
Creditors < 1 year
£4,515,145
Equity
£36,173,603
Average employees
Not available
Balance-sheet trend
GBP · companyFinancial statements
Selected figures from the best-ranked available filing for each period. Missing values remain unknown.
Some figures were read by AI from scanned accounts, so small errors are possible. View the filed accounts
| Reported figures | 2025-12-31Company · AI-read | 2024-12-31Company · AI-read |
|---|---|---|
| Balance sheet | ||
| Net assets | £36,173,603 | −£12,598,521 |
| Equity | £36,173,603 | −£12,598,521 |
| Share capital | £535,922 | £35,641 |
| Retained earnings | −£17,418,610 | −£16,162,670 |
| Assets | ||
| Investments | £1 | £1 |
| Debtors | £40,688,747 | £40,687,203 |
| Liabilities | ||
| Creditors within one year | £4,515,145 | £3,850 |
| Creditors after one year | — | £53,281,875 |
| Net current assets | £36,173,602 | £40,683,353 |
| Profit & loss | ||
| Administrative expenses | £210 | −£7,180 |
| Operating profit | £210 | −£12,365 |
| Interest payable | £1,256,150 | £5,793,854 |
| Profit before tax | −£1,255,940 | −£5,806,219 |
| Profit / loss | −£1,255,940 | −£5,806,219 |
| Operating costs | ||
| Audit fees | £5,000 | £5,385 |
| Source evidence | View filing | View filing |
From the accounts
What the accounts for 2025-12-31 say about themselves, read by AI from the scanned filing.
- Auditor
- BDO Northern Ireland
- Audit opinion
- Clean (unmodified)
- Immediate parent
- Transform Topco Limited
- Ultimate parent
- Voyager Topco Jersey Limited
- Ultimate controlling party
- SilverTree Equity II LP
- Accounts
- FRS 102
- Approved
- 2026-05-29, signed by D D Weiss
Subsidiaries (14)
- Transform Bidco Limited · 100% · 123 Victoria Street, 11th Floor, London, England, SW1E 6DE
- Seattle Holdings Limited · 100% · 123 Victoria Street, 11th Floor, London, England, SW1E 6DE
- Seattle Software Ltd. · 100% · 123 Victoria Street, 11th Floor, London, England, SW1E 6DE
- Seattle Business Software Inc. · 100% · 8 The Green, Ste B, Dover, Kent, DE 19901, USA
- Seattle Software Australia Pty Limited · 100% · ‘03’ Suite 9, Level 9, 89 York Street, Sydney, NSW 2000, Australia
- Orbus Software Pte. Ltd · 100% · 14 Robinson Road, #08-01 A, Far East Finance Building, Singapore, 048545
- Orbus Software Hong Kong Limited · 100% · 16th Floor, Wing on Centre, 111 Connaught Road Central, Hong Kong
- Orbus Software Spolka Z.o.o. · 100% · Ul. Zabrska 20, 4th Floor, 40-083 Katowice, Śląskie, Poland
- Orbus Computer Technology (Shanghai) Co. Limited · 100% · No. 1111 Changshou Road, JingAn District, Shanghai, China
- Seattle Bidco Australia Pty Ltd · 100% · ‘03’ Suite 9, Level 9, 89 York Street, Sydney, NSW 2000, Australia
- Capsifi Holdings Pty Ltd · 100% · ‘03’ Suite 9, Level 9, 89 York Street, Sydney, NSW 2000, Australia
- Capsifi Australia Pty Ltd · 100% · ‘03’ Suite 9, Level 9, 89 York Street, Sydney, NSW 2000, Australia
- Capsifi UK Ltd · 100% · 123 Victoria Street, 11th Floor, London, England, SW1E 6DE
- Capsifi USA Inc. · 100% · Corporation Service Company, 251 Little Falls Drive, Wilmington DE 19808, USA
Borrowings (2)
- Other loans (loan notes) · 53,281,875 · 12% per annum · repayable on 30 June 2027
- Non-interest bearing loan provided to the Company by its direct subsidiary, Transform Bidco Limited · £4.5 million · non-interest bearing · remains outstanding as of the Balance Sheet date
Share classes (1)
- 53,592,200 Ordinary of £0.01
Events after the year end (1)
- There have been no significant events affecting the Company since the year end.
Contingent liabilities (1)
- The interim holding companies, Transform Midco Limited and Transform Bidco Limited, and their wholly owned subsidiaries, Seattle Software Ltd., Seattle Holdings Limited, Seattle Software Australia Pty Ltd and Seattle Business Software Inc, have provided guarantees of amounts due to the lenders to the interim holdings companies secured by a fixed and floating charge on the Company's assets.
Secured borrowing
Registered charges, lenders and security interests.
Charges and related records
1 outstanding chargesAll Assets · created 2023-12-23
—
OutstandingShow 1 satisfied / released
All Assets · created 2020-12-29 · satisfied 2024-01-08
—
Satisfied