QUL TECHNOLOGIES LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-06-10 (in 1mo)
Last made up 2025-05-27
Watchouts
None on the register
Cash
£7M
+3,463.6% vs 2023
Net assets
£2M
-76.6% vs 2023
Employees
99
-37.7% vs 2023
Profit before tax
£2M
-24.8% vs 2023
Net assets
2-year trend · vs Technology median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £47,628,000 | £31,727,000 | |
| Operating profit | £3,322,000 | £2,212,000 | |
| Profit before tax | £3,266,000 | £2,455,000 | |
| Net profit | £1,908,000 | £1,868,000 | |
| Cash | £209,000 | £7,448,000 | |
| Total assets less current liabilities | — | — | |
| Net assets | £8,008,000 | £1,876,000 | |
| Equity | £8,008,000 | £1,876,000 | |
| Average employees | 159 | 99 | |
| Wages | £20,472,000 | £14,113,000 | |
| Directors' remuneration | £0 | £0 |
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
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-33.4%
£47,628,000 £31,727,000
-
Cash
+3,463.6%
£209,000 £7,448,000
-
Net assets
-76.6%
£8,008,000 £1,876,000
-
Employees
-37.7%
159 99
-
Operating profit
-33.4%
£3,322,000 £2,212,000
-
Profit before tax
-24.8%
£3,266,000 £2,455,000
-
Wages
-31.1%
£20,472,000 £14,113,000
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 7.0% | 7.0% | |
| Net margin | 4.0% | 5.9% | |
| Gearing (liabilities / total assets) | 44.9% | 82.7% | |
| Current ratio | 2.61x | 1.16x |
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
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- BDO
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future based on continued support by its intermediate parent company. Therefore, they continue to adopt the going concern basis in preparing the annual financial statements.”
Significant events
- “There are no other material post balance sheet events that require adjustment to or disclosure in the financial statements.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ATHEY, Derek Jason | Director | 2026-04-03 | Mar 1983 | American |
| SUNDAR, Rachita | Director | 2024-11-04 | Oct 1981 | American |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BECKSTEAD, Chris | Director | 2017-06-28 | 2025-02-01 |
| MCVEY, Ian | Director | 2015-05-27 | 2017-06-28 |
| SMITH, Jared | Director | 2015-05-27 | 2017-06-28 |
| THOMPSON, Robert Duff | Director | 2015-05-27 | 2019-06-13 |
| TIERNEY, Blake Andrew | Director | 2017-06-28 | 2026-04-03 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Sap Se | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-01-23 | Ceased 2023-06-28 |
Filing timeline
Last 20 of 51 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-08 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-07 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-13 | CH01 | officers | Change person director company with change date | |
| 2025-12-11 | CH01 | officers | Change person director company with change date | |
| 2025-10-06 | AA | accounts | Accounts with accounts type full | |
| 2025-05-30 | CH01 | officers | Change person director company with change date | |
| 2025-05-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-04 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-14 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-08 | AA | accounts | Accounts with accounts type full | |
| 2024-05-28 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-10-27 | AA | accounts | Accounts with accounts type full | |
| 2023-09-28 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2023-09-28 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-06-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-18 | AA | accounts | Accounts with accounts type full | |
| 2022-05-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-11-01 | AA | accounts | Accounts with accounts type audit exemption subsiduary | |
| 2021-11-01 | PARENT_ACC | accounts | Legacy | |
| 2021-11-01 | GUARANTEE2 | other | Legacy |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
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.