QIO TECHNOLOGIES LTD
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Cash
£18k
-94.5% lowest in 3 filed years
Net assets
-£8.7m
-41.7% lowest in 3 filed years
Employees
8
-71.4% lowest in 3 filed years
Profit before tax
—
Period ending 2025-12-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The directors consider it appropriate to prepare the financial statements on a going concern basis, while acknowledging that a material uncertainty exists regarding the success, scale, and timing of future fundraising.
-
Going-concern uncertainty disclosed
-
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 | — | — | — | — | |
| Operating profit | — | — | — | — | |
| Profit before tax | — | — | — | — | |
| Net profit | -£4,074,277 | -£4,334,029 | — | — | |
| Cash | £2,902,748 | £336,563 | £18,484 | -94.5% | |
| Total assets less current liabilities | £2,898,070 | -£1,817,869 | -£3,683,205 | -102.6% | |
| Net assets | -£754,065 | -£6,163,314 | -£8,735,736 | -41.7% | |
| Equity | -£754,065 | — | — | — | |
| Average employees | 46 | 28 | 8 | -71.4% | |
| Wages | — | — | — | — | |
| Directors' remuneration | — | £17,015 | £20,091 | +18.1% |
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 |
|---|---|---|---|---|
| Gearing (liabilities / total assets) | 118.6% | 802.5% | 1438.2% | |
| Current ratio | 3.50x | 0.32x | 0.15x |
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 §1A
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- James Cowper Kreston Audit
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The directors consider it appropriate to prepare the financial statements on a going concern basis, while acknowledging that a material uncertainty exists regarding the success, scale, and timing of future fundraising.”
Group structure
- QIO TECHNOLOGIES LTD · parent
- QiO Technologies Gmbh 100%
- QiO Technologies (US) Limited Inc 100%
- QiO Technologies India Private Ltd 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BOURTON, Gary | Secretary | 2025-04-11 | — | — |
| BOURTON, Gary | Director | 2025-04-11 | Feb 1972 | British |
| PARKER, Ryan | Director | 2024-11-07 | Mar 1973 | American |
| RANICH, Rebecca | Director | 2023-11-02 | Jul 1957 | American |
| ROBINSON, Mark Ivers | Director | 2022-12-23 | Sep 1963 | American |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BIRCH, Edward | Secretary | 2020-01-01 | 2023-07-13 |
| MILLICAN, Thomas James | Secretary | 2023-07-13 | 2025-03-03 |
| BUCKLAND, Timothy Andrew | Director | 2014-12-29 | 2015-01-30 |
| HAYTHORNTHWAITE, Richard Neil | Director | 2015-01-30 | 2023-12-21 |
| KHUTI, Bharat Abna | Director | 2015-01-30 | 2022-06-29 |
| MILLICAN, Thomas James | Director | 2024-11-07 | 2025-03-03 |
| PANDHARE, Rajendra | Director | 2020-11-02 | 2023-12-15 |
| SAHAY, Praveen Kant | Director | 2022-12-23 | 2023-11-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Wave Equity Fund Iii, Lp | Corporate entity | Shares 25–50%, Voting 25–50% | 2023-10-20 | Active |
| Mr Bharat Asna Khuti | Individual | Voting 25–50% | 2016-04-06 | Ceased 2022-12-23 |
Filing timeline
Last 20 of 82 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-09-29 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-03 | AA | accounts | Accounts with accounts type group | |
| 2026-03-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-09 | CH03 | officers | Change person secretary company with change date | |
| 2025-09-09 | AA | accounts | Accounts with accounts type group | |
| 2025-04-15 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-04-15 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-11 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-03-11 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-15 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-15 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-29 | RESOLUTIONS | resolution | Resolution | |
| 2024-04-08 | AA | accounts | Accounts with accounts type group | |
| 2024-01-31 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-01-30 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-01-30 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-01-29 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2023-12-22 | TM01 | officers | Termination director company with name termination date | |
| 2023-12-22 | TM01 | officers | Termination director company with name termination date | |
| 2023-11-15 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- 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.