KITEWORKS UK LTD
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Cash
£14m
+12.2% highest in 3 filed years
Net assets
-£13m
-279.9% lowest in 3 filed years
Employees
208
-6.3% vs 2024
Profit before tax
£4.7m
+183.4% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
3-year trend · vs Technology median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £10,078,690 | £34,140,944 | £47,436,061 | +38.9% | |
| Operating profit | -£1,895,863 | -£5,697,552 | £4,769,902 | +183.7% | |
| Profit before tax | -£1,750,170 | -£5,652,710 | £4,715,941 | +183.4% | |
| Net profit | -£1,906,242 | -£6,138,746 | £3,098,155 | +150.5% | |
| Cash | £6,622,269 | £12,642,485 | £14,187,725 | +12.2% | |
| Total assets less current liabilities | -£3,230,255 | -£3,334,740 | £1,784,486 | +153.5% | |
| Net assets | -£3,478,146 | -£3,461,138 | -£13,149,497 | -279.9% | |
| Equity | -£3,478,146 | -£3,461,138 | -£13,149,497 | -279.9% | |
| Average employees | 62 | 222 | 208 | -6.3% | |
| Wages | £5,875,761 | £14,086,229 | £16,111,661 | +14.4% | |
| Directors' remuneration | — | £0 | £0 | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | -18.8% | -16.7% | 10.1% | |
| Net margin | -18.9% | -18.0% | 6.5% | |
| Return on capital employed | — | — | 267.3% | |
| Gearing (liabilities / total assets) | 103.2% | 102.9% | 110.8% | |
| Current ratio | 0.10x | 0.18x | 0.24x | |
| Interest cover | — | -60.95x | 39.75x |
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.
Name history
Renamed 1 time since incorporation
- KITEWORKS UK LTD 2025-05-27 → present
- ACCELLION UK LTD 2012-01-20 → 2025-05-27
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Crowe U.K. LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on the going concern basis. The directors have assessed the Group and Company's ability to continue as a going concern for a period of at least twelve months from the date of approval of these financial statements.”
Group structure
- KITEWORKS UK LTD · parent
- Kiteworks Europe AG 100%
- Kiteworks Bulgaria Limited 100%
- Dracoon GmbH 100%
- Maytech Holdings Limited 100%
- Maytech Communications Limited 100%
- Owncloud GmbH 100%
- 123 Formbuilder SRL 100%
Significant events
- “December 2021: Kiteworks UK Ltd acquired Kiteworks Europe AG”
- “November 2023: Kiteworks Europe AG acquired OwnCloud GmbH”
- “November 2023: Kiteworks Europe AG acquired Maytech Holdings Limited”
- “December 2023: Kiteworks Europe AG acquired Dracoon GmbH”
- “August 2024: Kiteworks Europe AG acquired 123 Formbuilder”
- “Following the year end, arbitration proceedings relating to contingent consideration arising on a previous business combination were concluded.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ARTIGA-PURCELL, Jose Camilo | Director | 2026-06-01 | Dec 1984 | American |
| KLINKHAMER, Wouter | Director | 2026-06-01 | Jul 1980 | Dutch |
| YARON, Jonathan | Director | 2020-05-01 | Jun 1963 | American |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HIGH STREET PARTNERS EUROPE LIMITED | Corporate Secretary | 2012-01-20 | 2013-03-31 |
| SEGAL, Glen | Director | 2012-01-20 | 2020-05-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Jonathan Yaron | Individual | Shares 25–50%, Voting 25–50%, Appoints directors | 2020-05-01 | Active |
| Mr Jean Eric Salata Rothleder | Individual | Shares 25–50%, Voting 25–50%, Appoints directors | 2016-09-01 | Ceased 2020-02-01 |
Filing timeline
Last 20 of 48 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-05-27 CERTNM Certificate change of name company PDF
- 2025-03-07 MA Memorandum articles
- 2025-01-09 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-21 | AA | accounts | Accounts with accounts type group | |
| 2026-08-13 | CH01 | officers | Change person director company with change date | |
| 2026-06-26 | AP01 | officers | Appoint person director company with name date | |
| 2026-06-10 | AP01 | officers | Appoint person director company with name date | |
| 2026-06-03 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-06-02 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2026-03-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-04 | AA | accounts | Accounts with accounts type group | |
| 2025-05-27 | CERTNM | change-of-name | Certificate change of name company | |
| 2025-03-07 | MA | incorporation | Memorandum articles | |
| 2025-02-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-01-09 | RESOLUTIONS | resolution | Resolution | |
| 2024-08-24 | AA | accounts | Accounts with accounts type small | |
| 2024-01-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-03-24 | AA | accounts | Accounts with accounts type small | |
| 2023-01-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-15 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-08-12 | AA | accounts | Accounts with accounts type small | |
| 2022-01-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-04-08 | AA | accounts | Accounts with accounts type small |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.