CYANCONNODE HOLDINGS PLC

• ⚠

  Material uncertainty over going concern

  The potential need for additional financing indicates that a material uncertainty exists that may cast significant doubt on the group’s and parent company’s ability to continue as a going concern. Our opinion is not modified in respect of this matter.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -24.3%

  £18,730,000 → £14,177,000

• Cash

  +325.5%

  £783,000 → £3,332,000

• Net assets

  +12.3%

  £13,431,000 → £15,089,000

• Employees

  -3.4%

  117 → 113

• Operating profit

  +8.5%

  -£4,204,000 → -£3,847,000

• Profit before tax

  +11.6%

  -£4,225,000 → -£3,737,000

• Wages

  -1.4%

  £5,168,000 → £5,095,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

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.

1. CYANCONNODE HOLDINGS PLC 2016-11-16 → present
2. CYAN HOLDINGS PLC 2005-11-28 → 2016-11-16
3. CYAN HOLDINGS LIMITED 2003-09-12 → 2005-11-28
4. WINGHILL LTD 2002-10-07 → 2003-09-12

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The potential need for additional financing indicates that a material uncertainty exists that may cast significant doubt on the group’s and parent company’s ability to continue as a going concern. Our opinion is not modified in respect of this matter.”

Group structure

1. CYANCONNODE HOLDINGS PLC · parent
   1. CyanConnode Limited 100%
   2. CyanConnode Holdings plc 100%
   3. DigiSmart Networks Private Limited 99% · India · provision of products and services from other companies to provide a full end-to-end solution to utilities
   4. GreenMeter Goa Private Limited 99% · India · provision of products and services from other companies to provide a full end-to-end solution to utilities
   5. Connode Holding AB 100% · Sweden · provision of products and services in the Nordic region
   6. Connode AB 100% · Sweden · provision of products and services in the Nordic region
   7. CyanConnode Communications L.L.C 100% · United Arab Emirates · provision of products and services in the UAE region

Significant events

• “CyanConnode Holdings received £15 million from Smart Sustainability Solutions Limited (the "Lender"), split into two convertible loan notes of £7.5 million each. The first loan notes received in May 2024 and the second in July 2025. Interest will be charged at 7% per annum. Repayment of the first £7.5 million is due at the earliest of April 2028 and no later than April 2030.”
• “In June 2025, DigiSmart Networks Private Limited, a subsidiary of CyanConnode Private Limited, was awarded the contract to rollout c.750,000 smart meters in Goa, as an AMISP.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

2

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.