NCHAIN UK LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-05-12 (in 1y)
Last made up 2026-04-28
Watchouts
None on the register
Cash
£1M
-65.1% vs 2023
Net assets
-£31M
-220.3% lowest in 5 filed years
Employees
118
+0.9% highest in 5 filed years
Profit before tax
-£17M
-79.8% lowest in 4 filed years
Net assets
8-year trend · vs Industrials median
Accounts
8-year trend · latest reflected 2024-12-31
| Metric | Trend | 2019-01-01 | 2019-12-31 | 2020-12-31 | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | — | £8,887,097 | £12,119,889 | — | — | — | £26,015,932 | £6,909,262 | |
| Operating profit | — | £656,623 | £1,034,024 | — | — | — | -£7,133,794 | -£12,323,262 | |
| Profit before tax | — | £656,623 | £1,034,718 | — | — | — | -£9,218,832 | -£16,575,798 | |
| Net profit | — | £566,068 | £817,591 | — | -£7,274,229 | — | -£9,218,832 | -£16,575,798 | |
| Cash | £123,810 | £385,738 | £4,343,069 | — | £1,116,741 | — | £4,177,901 | £1,457,763 | |
| Total assets less current liabilities | — | £895,253 | £1,789,597 | — | £847,902 | — | -£9,026,357 | -£30,262,630 | |
| Net assets | — | £895,253 | £1,712,844 | — | -£566,389 | — | -£9,530,719 | -£30,525,145 | |
| Equity | — | £895,253 | £1,712,844 | £1,112,958 | -£566,389 | -£566,389 | -£9,530,719 | -£30,525,145 | |
| Average employees | — | 51 | 76 | — | 109 | — | 117 | 118 | |
| Wages | — | £4,150,833 | £6,085,566 | — | — | — | £10,985,847 | £9,234,894 | |
| Directors' remuneration | — | £250,523 | £195,750 | — | — | — | £228,750 | £8,333 |
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
-73.4%
£26,015,932 £6,909,262
lowest in 4 filed years
-
Cash
-65.1%
£4,177,901 £1,457,763
-
Net assets
-220.3%
-£9,530,719 -£30,525,145
lowest in 5 filed years
-
Employees
+0.9%
117 118
highest in 5 filed years
-
Operating profit
-72.7%
-£7,133,794 -£12,323,262
lowest in 4 filed years
-
Profit before tax
-79.8%
-£9,218,832 -£16,575,798
lowest in 4 filed years
-
Wages
-15.9%
£10,985,847 £9,234,894
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 | 2019-01-01 | 2019-12-31 | 2020-12-31 | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | 7.4% | 8.5% | — | — | — | -27.4% | -178.4% | |
| Net margin | — | 6.4% | 6.7% | — | — | — | -35.4% | — | |
| Return on capital employed | — | 73.3% | 57.8% | — | — | — | 79.0% | 40.7% | |
| Current ratio | — | — | — | — | — | — | 0.65x | 0.50x | |
| Interest cover | — | — | — | — | — | — | -18.75x | -18.61x |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Name history
Renamed 2 times since incorporation
- NCHAIN UK LIMITED 2022-02-07 → present
- NCHAIN LIMITED 2016-11-03 → 2022-02-07
- NCRYPT LIMITED 2015-10-14 → 2016-11-03
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- BKL Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. 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 Group's or the parent 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.”
Significant events
- “The Company sold its trade and assets to Teranode Limited on 01/01/2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SPIERS-KING, Elena Anatolievna | Director | 2024-12-01 | Oct 1982 | British |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| AGER-HANSSEN, Christen Eugen | Director | 2022-12-22 | 2023-09-28 |
| BIANCHI, Marco Guido | Director | 2016-11-03 | 2017-03-20 |
| JACKETT, Carl Daniel | Director | 2020-12-01 | 2022-05-20 |
| MACGREGOR, Robert | Director | 2015-10-14 | 2016-11-03 |
| MATTHEWS, Stefan Raymond | Director | 2022-12-23 | 2024-12-02 |
| MATTHEWS, Stefan Raymond | Director | 2016-11-03 | 2017-03-20 |
| MOODY, Andrew Alexander | Director | 2018-03-07 | 2023-09-28 |
| PEDERSEN, Allan | Director | 2017-03-20 | 2018-06-04 |
| ROWLAND, Anthony John | Director | 2017-03-20 | 2018-03-14 |
| WASHBURN, David Larry Stuart | Director | 2019-08-01 | 2020-11-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Calvin Edward Ayre | Individual | Shares 50–75%, Voting 50–75%, Appoints directors | 2023-07-13 | Active |
Filing timeline
Last 20 of 66 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-10-17 MA Memorandum articles
- 2023-10-12 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-30 | AA | accounts | Accounts with accounts type group | |
| 2025-05-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-06 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-02-04 | AA | accounts | Accounts with accounts type group | |
| 2024-12-02 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-02 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-10 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-05-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-10-17 | MA | incorporation | Memorandum articles | |
| 2023-10-12 | RESOLUTIONS | resolution | Resolution | |
| 2023-10-04 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-04 | TM01 | officers | Termination director company with name termination date | |
| 2023-09-20 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2023-08-08 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-08-08 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2023-07-26 | AA | accounts | Accounts with accounts type full | |
| 2023-05-11 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-01-05 | AP01 | officers | Appoint person director company with name date | |
| 2022-12-23 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.