ARTEMIS TECHNOLOGIES LTD

• ◆

  4 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

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

  +53%

  £4,319,702 → £6,610,820

• Cash

  -52%

  £3,000,351 → £1,439,681

  lowest in 5 filed years

• Net assets

  +164.3%

  £9,786,863 → £25,868,592

  highest in 5 filed years

• Employees

  +53.4%

  131 → 201

  highest in 5 filed years

• Operating profit

  -169.2%

  -£1,307,744 → -£3,520,441

• Profit before tax

  -140.5%

  -£1,636,545 → -£3,936,478

• Wages

  +100%

  £1,453,649 → £2,907,315

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.

1. ARTEMIS TECHNOLOGIES LTD 2018-03-05 → present
2. ARTEMIS RACING (UK) LTD. 2017-08-10 → 2018-03-05
3. GUNVOR UK LTD 2015-01-29 → 2017-08-10

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

KPMG

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The board has prepared cash flow forecasts (CFF) for the Group for the period under review, being 12 months from the date of approval of the Accounts, to reflect inter alia (i) projections of both income and costs, (ii) the commitment made by the Group in relation to Grants awarded from UK government, and (iii) commitments from shareholders to support existing and future debt funding.”

Group structure

1. ARTEMIS TECHNOLOGIES LTD · parent
   1. Artemis Applied Technologies Ltd 100% · Northern Ireland
   2. Artemis Technologies North America LLC 100% · Delaware, USA
   3. Artemis Technologies Services Ltd 100% · Northern Ireland

Significant events

• “The Group continued to invest significantly in product development and manufacturing capacity of zero emission vessels. Directors forecast manufacturing lines will be completed in 2025 with zero emission vessels dispatched against secured order book.”
• “The Group continues to focus heavily on innovation and new product development. The Group plans to launch new products to global markets throughout 2025 and are planning operational capacity to support customer orders and demand.”
• “In August 2025, shareholders committed to provide on-going working capital loan facilities to the business which are due to be paid by 31st December 2028.”

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

Filings

9

last 12 months

Capital events

1

last 24 months

Officers appointed

0

last 12 months

Officers resigned

4

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.