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Next accounts due

2026-12-31 (in 7mo)

Last filed for 2025-03-31

Confirmation statement due

2027-04-24 (in 11mo)

Last made up 2026-04-10

Watchouts

None on the register

Cash

£27M

USD 35,833,000

Latest balance sheet

Net assets

£8M

USD 10,992,000

Equity attributable

Employees

342

Average over period

Profit before tax

-£47M

USD -62,333,000

Period ending 2025-03-31

Accounts

2-year trend · latest reflected 2025-03-31

Metric Trend 2023-12-312025-03-31
Turnover £2,982,732£68,546,012
Operating profit -£86,236,077-£46,958,212
Profit before tax -£83,636,092-£46,597,144
Net profit -£97,850,789-£50,544,965
Cash £51,694,700£26,787,023
Total assets less current liabilities £30,186,888£9,814,607
Net assets £26,239,067£8,217,089
Equity £26,239,067£8,217,089
Average employees 433342
Wages £46,626,299£83,529,192
Directors' remuneration £3,918,666£10,384,989

Figures converted to GBP from USD at 0.748 per USD (Frankfurter spot rate) — hover any figure for the original. indicates the figure wasn't present under that line item in that period. About these numbers

Year-on-year

FY2023 → FY2025 · period ending 2025-03-31 vs 2023-12-31

Year-on-year comparison hidden: this filing covers about 15 months versus 12 months prior.

Ratios

Computed from the line items above — sparklines read oldest → newest

Ratio Trend 2023-12-312025-03-31
Operating margin -68.5%
Net margin -73.7%
Return on capital employed -285.7%-478.5%
Gearing (liabilities / total assets) 62.7%86.9%
Current ratio 1.50x1.03x
Interest cover -203.45x-45.49x

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
IFRS
Reporting scope
Consolidated group
Auditor
Deloitte LLP
Audit opinion
Unqualified (clean)
Going concern
Affirmed

“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.”

Group structure

  1. GRAPHCORE LIMITED · parent
    1. Graphcore AS 1% · Norway · Research and Development
    2. Graphcore (Beijing) Technology Limited 1% · China · Sales and Marketing Support
    3. Graphcore Inc 1% · USA · Sales and Marketing Support
    4. Graphcore PTE Ltd 1% · Singapore · Sales and Marketing Support
    5. Graphcore GmbH 1% · Germany · Sales and Marketing Support
    6. Graphcore Poland Sp.z.oo 1% · Poland · Research and Development

Significant events

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

People

4 active · 12 resigned

Name Role Appointed Born Nationality
MCELROY, Marcus William Director 2025-12-18 Dec 1978 British
MIMURA, Ippei Director 2024-07-11 Dec 1968 Japanese
ROSCOE, Jared Patrick Director 2024-07-11 Mar 1983 American
TOON, Nigel Jurgen Director 2016-05-17 Nov 1963 British
Show 12 resigned officers
Name Role Appointed Resigned
OHS SECRETARIES LIMITED Corporate Secretary 2016-05-17 2024-12-31
ELMORE, William B Director 2016-06-08 2020-01-22
HAUSER, Hermann Maria Director 2016-06-08 2020-01-22
JIANG, Hongquan, Dr Director 2016-06-08 2024-07-11
KAZMI, Kiran Director 2024-07-11 2025-05-21
KHALIQ, Siraj Rashid Director 2017-06-23 2024-07-11
KNOWLES, Simon Christian Director 2024-07-11 2025-08-20
KNOWLES, Simon Christian Director 2016-05-17 2024-07-11
MILLER, Matthew Craig Director 2017-11-08 2024-07-11
NIV, Eyal Zalman Director 2016-11-21 2024-07-11
RICHARDSON, David Jeffrey, Mr Director 2021-04-01 2024-07-11
SOHN, Young Kwon Director 2016-06-02 2019-03-22

Ownership

Persons with significant control

Name Kind Nature of control Notified Status
Softbank Group Corp. Corporate entity Shares 75–100%, Voting 75–100%, Appoints directors 2024-07-11 Active

Filing timeline

Last 20 of 193 total filings

Material constitutional events — rename, articles re-file, resolution

  • 2026-04-30 MA Memorandum articles
  • 2026-04-30 RESOLUTIONS Resolution
  • 2026-04-30 RESOLUTIONS Resolution
  • 2026-03-18 RESOLUTIONS Resolution
  • 2026-03-06 RESOLUTIONS Resolution
  • 2025-10-17 RESOLUTIONS Resolution
  • 2025-07-17 RESOLUTIONS Resolution
  • 2025-04-08 RESOLUTIONS Resolution
Date Type Category Description
2026-04-30 MA incorporation Memorandum articles
2026-04-30 RESOLUTIONS resolution Resolution
2026-04-30 RESOLUTIONS resolution Resolution
2026-04-28 CS01 confirmation-statement Confirmation statement with updates PDF
2026-04-13 SH01 capital Capital allotment shares PDF
2026-03-18 RESOLUTIONS resolution Resolution
2026-03-13 CH01 officers Change person director company with change date PDF
2026-03-09 SH01 capital Capital allotment shares PDF
2026-03-06 RESOLUTIONS resolution Resolution
2026-02-25 SH01 capital Capital allotment shares PDF
2025-12-24 AP01 officers Appoint person director company with name date PDF
2025-12-13 AA accounts Accounts with accounts type group
2025-10-17 RESOLUTIONS resolution Resolution
2025-10-15 SH01 capital Capital allotment shares PDF
2025-08-20 TM01 officers Termination director company with name termination date PDF
2025-07-17 RESOLUTIONS resolution Resolution
2025-07-14 SH01 capital Capital allotment shares PDF
2025-05-22 TM01 officers Termination director company with name termination date PDF
2025-05-02 CS01 confirmation-statement Confirmation statement with updates PDF
2025-04-08 RESOLUTIONS resolution Resolution

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
19

last 12 months

Capital events
5

last 24 months

Officers appointed
1

last 12 months

Officers resigned
2

last 12 months

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

Official Companies House page