VORTEXA LTD
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Cash
£6m
USD 8,143,529
-24.7% vs 2024
Net assets
-£22m
USD -29,222,638
-187.7% lowest in 6 filed years
Employees
163
+3.8% highest in 6 filed years
Profit before tax
-£14m
USD -18,942,189
-8.7% lowest in 5 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
6-year trend · vs Technology median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2021-01-31 | 2022-01-31 | 2023-01-31 | 2024-01-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | £2,070,714 | £2,904,943 | £7,330,622 | £9,287,459 | £12,033,846 | +29.6% | |
| Operating profit | — | -£6,641,733 | -£8,657,238 | -£10,183,331 | -£12,487,456 | -£12,344,259 | +1.1% | |
| Profit before tax | — | -£6,620,826 | -£8,940,187 | -£10,872,311 | -£12,927,194 | -£14,057,283 | -8.7% | |
| Net profit | — | -£6,620,826 | -£8,940,187 | -£10,872,311 | -£12,927,194 | -£14,057,283 | -8.7% | |
| Cash | £10,226,076 | £1,860,981 | £836,208 | £14,353,835 | £8,020,726 | £6,043,435 | -24.7% | |
| Total assets less current liabilities | £11,562,164 | £4,941,338 | — | £9,345,876 | £4,400,980 | -£9,741,588 | -321.4% | |
| Net assets | £11,562,164 | £4,941,338 | -£3,998,849 | £5,214,299 | -£7,537,893 | -£21,686,559 | -187.7% | |
| Equity | £11,562,164 | £4,941,338 | -£3,998,849 | £5,214,299 | -£7,537,893 | — | — | |
| Average employees | 50 | 76 | 86 | 90 | 157 | 163 | +3.8% | |
| Wages | — | £5,827,516 | £7,365,704 | £10,886,064 | £12,861,663 | £15,851,271 | +23.2% | |
| Directors' remuneration | — | £189,167 | £200,000 | £197,408 | £195,879 | £209,020 | +6.7% | |
| Directors' pension contributions | — | — | — | £1,299 | £1,232 | £1,292 | +4.9% | |
| Highest paid director | — | — | — | £197,408 | £195,879 | £209,020 | +6.7% |
Figures converted to GBP from USD at 0.742 per USD (Frankfurter spot rate) — hover any figure for the original. — 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 | 2021-01-31 | 2022-01-31 | 2023-01-31 | 2024-01-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | -138.9% | -134.5% | -102.6% | |
| Net margin | — | — | — | -148.3% | -139.2% | -116.8% | |
| Return on capital employed | — | -134.4% | — | -109.0% | -283.7% | — | |
| Gearing (liabilities / total assets) | 10.2% | 29.1% | 157.5% | 71.4% | 157.9% | 272.4% | |
| Current ratio | — | — | — | 2.04x | 1.49x | 0.56x | |
| Interest cover | — | — | -27.34x | -13.37x | -13.15x | -7.40x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Warrener Stewart
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have a reasonable expectation that the Group will continue to receive the support of its shareholders and investors as it progresses towards profitability. Accordingly, the Directors consider it appropriate to prepare the financial statements on the going concern basis.”
Group structure
- VORTEXA LTD · parent
- Vortexa Inc. 100%
- Vortexa Asia PTE Ltd 100%
- Vortexa SA Ltd 100%
- Vortexa ME Ltd 100%
Significant events
- “In July 2025, the Group completed a $15.4 million convertible loan note raise.”
- “In March 2026, the Group completed a $50 million strategic debt financing with Oxford Finance LLC.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BOLOGNESI, Caio Vinicius Mayoli | Director | 2021-01-05 | Mar 1987 | Brazilian |
| GOLDMAN, Neal | Director | 2024-02-29 | Aug 1970 | American |
| ISETTA, Lincoln | Director | 2023-11-06 | Apr 1977 | American |
| KUHN, Fabio Chamadoira, Mr. | Director | 2016-01-22 | Aug 1979 | German |
| NORRIS, Patrick | Director | 2018-11-08 | Oct 1982 | British |
| SMOLEN, David A | Director | 2023-07-04 | Dec 1965 | American |
| UMEOKA, Emilio | Director | 2022-09-15 | Nov 1962 | American |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| AMIC, Etienne | Director | 2016-02-19 | 2021-04-15 |
| COPPEL, Toby Rufus, Mr. | Director | 2017-09-05 | 2023-11-06 |
| GABILLON, Jacques | Director | 2019-12-03 | 2023-11-03 |
| HALBHERR, Michael | Director | 2016-12-20 | 2019-05-20 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr. Fabio Chamadoira Kuhn | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2021-01-24 |
Filing timeline
Last 20 of 95 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-05-11 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-28 | AA | accounts | Accounts with accounts type group | |
| 2026-07-31 | SH01 | capital | Capital allotment shares | |
| 2026-07-17 | SH01 | capital | Capital allotment shares | |
| 2026-07-16 | SH01 | capital | Capital allotment shares | |
| 2026-05-11 | RESOLUTIONS | resolution | Resolution | |
| 2026-05-06 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-05-06 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-05-06 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-04-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-04-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-04-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-03-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-02-04 | RP01AP01 | officers | Replacement filing of director appointment with name | |
| 2025-09-19 | AA | accounts | Accounts with accounts type group | |
| 2025-05-19 | AA | accounts | Accounts with accounts type group | |
| 2025-03-03 | CH01 | officers | Change person director company with change date | |
| 2025-03-03 | CH01 | officers | Change person director company with change date | |
| 2025-02-28 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-02-28 | CH01 | officers | Change person director company with change date | |
| 2025-02-28 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 13
- Capital events
- 3
- 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.