TEOCO UK LIMITED

Figures converted to GBP from USD at 0.748 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  —

  Not reported

• Cash

  -31.9%

  £9,662 → £6,579

• Net assets

  -93.6%

  £27,332,144 → £1,739,746

  first positive since 2022

• Employees

  0%

  2 → 2

• Profit before tax

  -95%

  £88,894,965 → £4,468,252

  first positive since 2022

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Hampden

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue”

Group structure

1. TEOCO UK LIMITED · parent
   1. Aircom International Limited 100% · United Kingdom
   2. Schema Ltd 100% · Israel

Significant events

• “The service assurance business was sold to AMDOCS on 30 June 2023 for a total consideration of $90m, plus adjustments for net working capital and cash. The total amount paid to Teoco Corporation in respect of these adjustments was $9.68m.”
• “Of the total consideration, £9m is being held for a period of 15 months as security against potential breaches of representations and warranties. This holdback amount is divided between the buyer, retaining $5m and the Company retaining £4m.”
• “In addition to this, the agreement with the buyer provides for a potential contingent payment (earn-out) subject to specified development and revenue milestones.”
• “Proceeds from the sale of the Business were utilised to pay down related party loans.”
• “During 2024, (2023 - $26,243,013) the Company received no dividends from its subsidiaries.”

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

Filings

5

last 12 months

Capital events

3

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.