CUBE LOGIC LIMITED

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

  +19.4%

  £14,995,736 → £17,909,000

  highest in 5 filed years

• Cash

  -41.8%

  £1,973,520 → £1,149,000

• Net assets

  -330.8%

  £3,270,138 → -£7,547,000

  lowest in 5 filed years

• Employees

  -11.5%

  52 → 46

• Operating profit

  -761.5%

  £1,656,041 → -£10,954,000

  lowest in 5 filed years

• Profit before tax

  -761.9%

  £1,655,142 → -£10,955,000

  lowest in 5 filed years

• Wages

  +4.2%

  £3,329,371 → £3,469,000

  highest in 3 filed years

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Forvis Mazars LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company has made a loss for the year of £10,817k (2023: profit of £1,070k). Having reviewed the future plans and projections of its investments and how they generate value, together with the main trends and factors likely to affect future development and business performance, and its current financial position, the directors are satisfied that the Company has the financial resources to manage its business risks and remain operational for the foreseeable future. In addition the Company has obtained a letter of support from Plato Topco Limited and support will be available for at least 12 months from the approval of these accounts. Accordingly, the directors continue to adopt the going concern basis in preparing the report and accounts.”

Group structure

1. CUBE LOGIC LIMITED · parent
   1. CubeLogic PTE Limited 100% · Singapore · Software development and IT consultancy
   2. CubeLogic Software India Private Limited 99% · Bangalore · Software development and IT consultancy

Significant events

• “On 13 February 2024, CubeLogic Group Holdings Limited and all of its subsidiaries including the Company was acquired by Plato Bidco Limited.”
• “Subsequent to the year end the Company drew down £1,681k ($2,100k) and £420k against the revolving credit facility and repaid a net amount of £620k against the revolving credit facility.”

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

Filings

13

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

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