KITEWORKS UK LTD

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

  +238.7%

  £10,078,690 → £34,140,944

• Cash

  +90.9%

  £6,622,269 → £12,642,485

• Net assets

  +0.5%

  -£3,478,146 → -£3,461,138

• Employees

  +258.1%

  62 → 222

• Operating profit

  -200.5%

  -£1,895,863 → -£5,697,552

• Profit before tax

  -223%

  -£1,750,170 → -£5,652,710

• Wages

  +139.7%

  £5,875,761 → £14,086,229

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. KITEWORKS UK LTD 2025-05-27 → present
2. ACCELLION UK LTD 2012-01-20 → 2025-05-27

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Crowe U.K. LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The accounts have therefore been prepared on a Going Concern basis due to the current financial position, profitability and free cash that will be generated in the next year.”

Group structure

1. KITEWORKS UK LTD · parent
   1. Kiteworks Europe AG 100% · Switzerland · Secure exchange of business information solutions
   2. Kiteworks Bulgaria Limited 100% · Bulgaria
   3. OwnCloud GmbH 100% · Germany · Develops and provides open-source software for content collaboration
   4. Maytech Holdings Limited 100% · United Kingdom · Provides simple and secure data sharing solutions
   5. Maytech Communications Limited 100% · United Kingdom · Provides simple and secure data sharing solutions
   6. Dracoon GmbH 100% · Germany · Provides secure file sharing and collaboration services
   7. 123 Formbuilder SRL 100% · Romania · Provides secure file sharing, forms and, solutions

Significant events

• “On January 6, 2025, Accellion, Inc. and Kiteworks Europe AG served notice of claims alleging (1) misrepresentations around ByCS Infinite Scale, a product of OwnCloud; (2) overstated annual recurring revenue, and (3) undisclosed critical issues. As of the date of this report, the matter remains pending, with the arbitral panel still to define the case schedule.”

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

Filings

3

last 12 months

Capital events

0

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.