ELLIPTIC ENTERPRISES LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2027-04-05 (in 11mo)
Last made up 2026-03-22
Watchouts
None on the register
Cash
£8M
-19.5% vs 2024
Net assets
-£14M
-267.5% vs 2024
Employees
121
-11.7% vs 2024
Profit before tax
-£11M
+31% vs 2024
Net assets
2-year trend · vs Technology median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £13,678,560 | £22,104,847 | |
| Operating profit | -£15,562,854 | -£8,877,175 | |
| Profit before tax | -£16,389,156 | -£11,309,214 | |
| Net profit | -£14,607,961 | -£10,456,958 | |
| Cash | £10,234,024 | £8,237,587 | |
| Total assets less current liabilities | £4,851,437 | -£557,132 | |
| Net assets | -£3,804,469 | -£13,981,090 | |
| Equity | -£3,804,469 | -£13,981,090 | |
| Average employees | 137 | 121 | |
| Wages | £16,346,160 | £15,853,815 | |
| Directors' remuneration | £627,007 | £885,260 |
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
Year-on-year
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
+61.6%
£13,678,560 £22,104,847
-
Cash
-19.5%
£10,234,024 £8,237,587
-
Net assets
-267.5%
-£3,804,469 -£13,981,090
-
Employees
-11.7%
137 121
-
Operating profit
+43%
-£15,562,854 -£8,877,175
-
Profit before tax
+31%
-£16,389,156 -£11,309,214
-
Wages
-3%
£16,346,160 £15,853,815
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | -113.8% | -40.2% | |
| Net margin | -106.8% | -47.3% | |
| Return on capital employed | -320.8% | 1593.4% | |
| Current ratio | 1.49x | 0.95x | |
| Interest cover | -13462.68x | -21.43x |
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
- ELLIPTIC ENTERPRISES LIMITED 2013-12-10 → present
- BITXCHANGE LTD 2013-03-22 → 2013-12-10
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- S&W Audit
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on the going concern basis, which assumes that the Group will continue to trade for the foreseeable future, being a period of at least twelve months from the date of approval of these financial statements and will be able to meet its debts as they fall due. ... Based on this information, the directors believe that the Group has access to adequate resources to continue being in operational existence for the foreseeable future and that it is appropriate to continue to adopt the going concern basis for the preparation of these financial statements.”
Group structure
- ELLIPTIC ENTERPRISES LIMITED · parent
- Elliptic Inc 100%
- Elliptic Singapore Private Limited 100%
- Elliptic Japan KK 100%
Significant events
- “Between 19 May 2025 and 4 December 2025 the company raised additional $19.2 million in convertible loan notes.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LASCELLES, Edward William Anthony | Director | 2019-08-22 | Oct 1975 | British |
| MAINI, Simone Devika | Director | 2020-04-07 | Nov 1982 | British |
| PILLING, Christopher Charles | Director | 2021-01-01 | Jun 1966 | British |
| SEEWALD, Richard | Director | 2021-10-06 | Jul 1965 | American |
| SMITH, James Sullivan | Director | 2013-03-27 | Jan 1983 | British |
| XU, Zihao | Director | 2019-02-18 | Apr 1989 | British |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HUNT, Rebecca | Director | 2016-02-22 | 2017-01-24 |
| JOYCE, Adam Jack, Dr | Director | 2013-10-03 | 2016-02-22 |
| KORTSCHAK, Walter German | Director | 2017-12-22 | 2020-04-07 |
| NII, Tomoyuki | Director | 2019-08-22 | 2021-10-01 |
| RABINOVICH, Eyal | Director | 2017-01-24 | 2019-02-18 |
| ROBINSON, Thomas | Director | 2013-03-22 | 2020-04-07 |
| SCOGGINS, Christopher | Director | 2018-07-31 | 2021-10-01 |
| STEED, Christopher, Mr. | Director | 2016-02-22 | 2017-12-22 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Octopus Titan Vct Plc | Corporate entity | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2017-12-22 |
Filing timeline
Last 20 of 147 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-01-08 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-30 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-03-25 | SH01 | capital | Capital allotment shares | |
| 2026-01-27 | CH01 | officers | Change person director company with change date | |
| 2026-01-27 | SH01 | capital | Capital allotment shares | |
| 2026-01-08 | AA | accounts | Accounts with accounts type group | |
| 2025-12-15 | SH01 | capital | Capital allotment shares | |
| 2025-07-21 | SH01 | capital | Capital allotment shares | |
| 2025-04-11 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-03-27 | SH01 | capital | Capital allotment shares | |
| 2024-12-03 | AA | accounts | Accounts with accounts type group | |
| 2024-11-20 | SH01 | capital | Capital allotment shares | |
| 2024-11-18 | CH01 | officers | Change person director company with change date | |
| 2024-11-14 | SH01 | capital | Capital allotment shares | |
| 2024-11-14 | SH01 | capital | Capital allotment shares | |
| 2024-04-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-04-05 | SH01 | capital | Capital allotment shares | |
| 2024-01-14 | AA | accounts | Accounts with accounts type group | |
| 2024-01-08 | RESOLUTIONS | resolution | Resolution | |
| 2023-11-20 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-11-17 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 8
- Officers appointed
- 0
- 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.