WHAT3WORDS 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

  +100.6%

  £1,073,946 → £2,154,110

• Cash

  -21.1%

  £14,832,467 → £11,705,453

• Net assets

  -10.6%

  £17,511,374 → £15,659,513

• Employees

  -28.1%

  128 → 92

• Operating profit

  +31.6%

  -£20,661,186 → -£14,133,347

• Profit before tax

  +37.8%

  -£17,594,205 → -£10,945,405

• Wages

  -18.5%

  £9,438,544 → £7,694,872

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

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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Cooper Parry Group Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors believe that based on the company's and the group's cash balance at year end and the current and forecasted cash burn rate, the company and the group has sufficient liquidity headroom to ensure the business can meet its liabilities as they fall due over a period of at least twelve months from the date of approval of these financial statements.”

Group structure

1. WHAT3WORDS LIMITED · parent
   1. what3words GmbH 100% · Germany
   2. what3words Inc 100% · USA
   3. what3words Company Limited 100% · Viet Nam
   4. Swiftcomplete Ltd 100% · England

Significant events

• “In December 2024, the group acquired Swiftcomplete Ltd, an address validation software that autocompletes and validates addresses as part of the online checkout experience. Swiftcomplete offers what3words entry as standard and therefore will enable further adoption of what3words, whilst simultaneously driving a new revenue stream for the group.”

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

6

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.