CASSINI SYSTEMS LIMITED
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Cash
£2.6m
+29.6% highest in 3 filed years
Net assets
-£16m
-44% lowest in 3 filed years
Employees
71
-12.3% lowest in 3 filed years
Profit before tax
-£6.7m
+24.2% vs 2024
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 | — | £6,632,994 | £8,271,631 | +24.7% | |
| Operating profit | — | -£7,755,389 | -£5,056,907 | +34.8% | |
| Profit before tax | — | -£8,857,416 | -£6,714,893 | +24.2% | |
| Net profit | -£7,215,427 | -£7,896,561 | -£5,382,685 | +31.8% | |
| Cash | £2,259,082 | £1,980,619 | £2,567,690 | +29.6% | |
| Total assets less current liabilities | £2,824 | -£1,490,010 | -£3,021,200 | -102.8% | |
| Net assets | -£3,610,525 | -£11,333,578 | -£16,325,591 | -44% | |
| Equity | -£3,610,525 | — | — | — | |
| Average employees | 79 | 81 | 71 | -12.3% | |
| Wages | — | £8,852,619 | £8,674,702 | -2% | |
| Directors' remuneration | — | £488,791 | £613,100 | +25.4% | |
| Directors' pension contributions | — | £2,642 | £2,642 | 0% | |
| Highest paid director | — | £271,171 | £353,038 | +30.2% |
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 | — | -116.9% | -61.1% | |
| Net margin | — | -119.0% | -65.1% | |
| Gearing (liabilities / total assets) | 175.4% | 311.9% | 353.4% | |
| Current ratio | 0.97x | 0.77x | 0.67x | |
| Interest cover | — | -7.04x | -3.03x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Azets Audit Services
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“the directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”
Group structure
- CASSINI SYSTEMS LIMITED · parent
- Cassini Systems Inc 100%
- Cassini Systems Asia PTE Ltd 100%
- Cassini Labs (India) Private Ltd 99.99%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SMITH, Neil Edwin | Secretary | 2015-03-25 | — | — |
| HUXLEY, Liam Yevgeni | Director | 2013-09-09 | Dec 1968 | British |
| KNAAP, Marc | Director | 2017-03-14 | Dec 1966 | Dutch |
| MERGELKAMP, Howard Alvin | Director | 2018-04-11 | Dec 1968 | American |
| PIAKER, Steven Frederick | Director | 2021-11-29 | Dec 1962 | American |
| SMITH, Neil Edwin | Director | 2015-03-25 | Mar 1971 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BAKER, Fiona Margaret | Director | 2015-03-23 | 2017-11-28 |
| KNAAP, Claudia Ann | Director | 2015-03-25 | 2017-03-14 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Liam Yevgeni Huxley | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2021-11-29 |
Filing timeline
Last 20 of 101 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-06-03 MA Memorandum articles
- 2026-06-03 RESOLUTIONS Resolution
- 2026-04-09 MA Memorandum articles
- 2026-04-08 RESOLUTIONS Resolution
- 2025-05-29 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-30 | AA | accounts | Accounts with accounts type group | |
| 2026-06-03 | MA | incorporation | Memorandum articles | |
| 2026-06-03 | RESOLUTIONS | resolution | Resolution | |
| 2026-05-19 | SH01 | capital | Capital allotment shares | |
| 2026-05-07 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-04-29 | CH01 | officers | Change person director company with change date | |
| 2026-04-29 | CH01 | officers | Change person director company with change date | |
| 2026-04-16 | SH01 | capital | Capital allotment shares | |
| 2026-04-09 | MA | incorporation | Memorandum articles | |
| 2026-04-08 | RESOLUTIONS | resolution | Resolution | |
| 2026-04-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-04-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-04-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-03-30 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-06-05 | AA | accounts | Accounts with accounts type group | |
| 2025-05-29 | RESOLUTIONS | resolution | Resolution | |
| 2025-05-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-06-17 | AA | accounts | Accounts with accounts type group | |
| 2024-04-15 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-08-03 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 14
- Capital events
- 2
- 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.