Project Firefly Limited

project firefly limited Company Information

Company Number

SC662799

Next Accounts

Feb 2026

Directors

Federico Charosky

Benjamin Fisher

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Shareholders

federico charosky

scottish enterprise

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Group Structure

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Industry

Computer consultancy activities

Registered Address

first floor suite (west wing), verdant, 2 redheughs rigg, edinburgh, EH12 9DQ

Website

project firefly limited Estimated Valuation

£6.9m

Pomanda estimates the enterprise value of PROJECT FIREFLY LIMITED at £6.9m based on Net Assets of £3.1m and 2.21x industry multiple (adjusted for liquidity).

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Project Firefly Limited is a live company located in edinburgh, EH12 9DQ with a Companies House number of SC662799. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in June 2020, it's largest shareholder is federico charosky with a 39.1% stake. Project Firefly Limited is a young, unknown sized company, Pomanda has estimated its turnover at £0 with declining growth in recent years.

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There is insufficient data available to calculate a health check for Project Firefly Limited. Company Health Check FAQs

Health Rating0out of 5

0 Strong

0 Regular

2 Weak

Size

There is insufficient data available for this Key Performance Indicator!

Growth

3 year (CAGR) sales growth of -100%, show it is growing at a slower rate (9.7%)

EXPORT

Project Firefly Limited's latest turnover from May 2024 is 0 and the company has net assets of £3.1 million. According to their latest financial statements, we estimate that Project Firefly Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	May 2024	May 2023	May 2022	May 2021
Turnover				387,819
Other Income Or Grants
Cost Of Sales				290,301
Gross Profit				97,518
Admin Expenses	8,274	8,274	284,087	253,115
Operating Profit	-8,274	-8,274	-284,087	-155,597
Interest Payable			94,405	62,525
Interest Receivable
Pre-Tax Profit	-8,274	-8,274	-378,492	-218,122
Tax
Profit After Tax	-8,274	-8,274	-378,492	-218,122
Dividends Paid
Retained Profit	-8,274	-8,274	-378,492	-218,122
Employee Costs				278,106
Number Of Employees	1	1	5	5
EBITDA*	-8,274	-8,274	-284,087	-155,597

* Earnings Before Interest, Tax, Depreciation and Amortisation

	May 2024	May 2023	May 2022	May 2021
Tangible Assets
Intangible Assets
Investments & Other	1,578,215	1,578,215	1,578,215	1,578,215
Debtors (Due After 1 year)		1,516,748	1,516,748	1,789,682
Total Fixed Assets	1,578,215	3,094,963	3,094,963	3,367,897
Stock & work in progress
Trade Debtors
Group Debtors	1,516,748
Misc Debtors	37,746	46,020	54,294	19,417
Cash
misc current assets
total current assets	1,554,494	46,020	54,294	19,417
total assets	3,132,709	3,140,983	3,149,257	3,387,314
Bank overdraft
Bank loan
Trade Creditors
Group/Directors Accounts
other short term finances				75,000
hp & lease commitments
other current liabilities				16,545
total current liabilities				91,545
loans				1,975,000
hp & lease commitments
Accruals and Deferred Income				160,191
other liabilities
provisions
total long term liabilities				2,135,191
total liabilities				2,226,736
net assets	3,132,709	3,140,983	3,149,257	1,160,578
total shareholders funds	3,132,709	3,140,983	3,149,257	1,160,578

	May 2024	May 2023	May 2022	May 2021
Operating Activities
Operating Profit	-8,274	-8,274	-284,087	-155,597
Depreciation
Amortisation
Tax
Stock
Debtors	-8,274	-8,274	-238,057	1,809,099
Creditors
Accruals and Deferred Income			-176,736	176,736
Deferred Taxes & Provisions
Cash flow from operations			-222,766	-1,787,960
Investing Activities
capital expenditure
Change in Investments				1,578,215
cash flow from investments				-1,578,215
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans			-75,000	75,000
Long term loans			-1,975,000	1,975,000
Hire Purchase and Lease Commitments
other long term liabilities
share issue			2,367,171	1,378,700
interest			-94,405	-62,525
cash flow from financing			222,766	3,366,175
cash and cash equivalents
cash
overdraft
change in cash

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for project firefly limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other young companies, companies in EH12 area or any other competitors across 12 key performance metrics.

PROJECT FIREFLY LIMITED group structure

Project Firefly Limited has 1 subsidiary company.

Ultimate parent company

PROJECT FALCON TOPCO LIMITED

13754832

1 parent

PROJECT FIREFLY LIMITED

SC662799

1 subsidiary

QUORUM CYBER SECURITY LIMITED

SC510322

PROJECT FIREFLY LIMITED Shareholders

federico charosky	39.13%
scottish enterprise	22.83%
graham russell curran	9.78%
maven income & growth vct 4 plc	9.51%
maven income & growth vct 3 plc	7.61%
benjamin peter fisher	5.43%
maven income & growth vct plc	2.85%
maven income & growth vct 5 plc	2.85%

Project Firefly Limited currently has 5 directors. The longest serving directors include Mr Federico Charosky (Jun 2020) and Mr Benjamin Fisher (Jun 2020).

officer	country	age	start	end	role
Mr Federico Charosky	United Kingdom	42 years	Jun 2020	-	Director
Mr Benjamin Fisher	United Kingdom	49 years	Jun 2020	-	Director
Dr David Milroy	United Kingdom	52 years	Jun 2020	-	Director
Mr Greg Aitken	Jersey	38 years	Sep 2021	-	Director
Dr John Wallace	United Kingdom	56 years	Sep 2022	-	Director

P&L

May 2024

turnover

operating profit

-8.3k

gross margin

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

May 2024

net assets

3.1m

total assets

3.1m

cash

net assets

Total assets minus all liabilities

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company number

SC662799

Type

Private limited with Share Capital

industry

62020 - Computer consultancy activities

62090 - Other information technology and computer service activities

incorporation date

June 2020

ultimate parent company

PROJECT FALCON TOPCO LIMITED

previous names

N/A

address

first floor suite (west wing), verdant, 2 redheughs rigg, edinburgh, EH12 9DQ

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 1 charges/mortgages relating to project firefly limited. Currently there are 0 open charges and 1 have been satisfied in the past.

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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project firefly limited Company Information

project firefly limited Estimated Valuation

project firefly limited Estimated Valuation

project firefly limited Estimated Valuation

Project Firefly Limited Overview

Project Firefly Limited Health Check

PROJECT FIREFLY LIMITED financials

project firefly limited Credit Report and Business Information

Project Firefly Limited Competitor Analysis

project firefly limited Ownership

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