AXIS SPINE TECHNOLOGIES LTD
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Cash
£3m
+134% vs 2024
Net assets
£3.6m
+153.4% vs 2024
Employees
16
+6.7% highest in 6 filed years
Profit before tax
-£4.8m
-20.6% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
We draw attention to Note 2 in the financial statements, which states that to continue as a going concern the group and parent company need a round of equity funding. As stated in Note 2, these events or conditions indicate that a material uncertainty exists
-
Going-concern uncertainty disclosed
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2020-07-31 | 2021-07-31 | 2022-07-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | £370,037 | £392,834 | £841,654 | +114.3% | |
| Operating profit | — | — | — | -£6,407,310 | -£4,021,413 | -£4,858,919 | -20.8% | |
| Profit before tax | — | — | — | -£6,348,436 | -£3,981,451 | -£4,800,077 | -20.6% | |
| Net profit | — | -£1,558,775 | -£1,845,752 | -£6,039,309 | -£3,455,951 | -£4,581,899 | -32.6% | |
| Cash | £716,753 | £1,373,691 | £327,323 | £4,798,578 | £1,278,378 | £2,991,179 | +134% | |
| Total assets less current liabilities | £1,104,029 | £1,757,330 | £1,044,264 | £4,733,150 | £1,407,699 | £3,566,974 | +153.4% | |
| Net assets | — | — | — | — | £1,407,699 | £3,566,974 | +153.4% | |
| Equity | £1,104,029 | £1,757,330 | £1,044,264 | £4,733,150 | £1,407,699 | £3,566,974 | +153.4% | |
| Average employees | 3 | 5 | 7 | 10 | 15 | 16 | +6.7% | |
| Wages | — | — | — | £1,833,452 | £1,708,392 | £2,164,741 | +26.7% | |
| Directors' remuneration | — | — | — | £585,105 | £411,474 | £488,309 | +18.7% | |
| Directors' pension contributions | — | — | — | £7,227 | £18,688 | £19,292 | +3.2% | |
| Highest paid director | — | — | — | £273,167 | £209,239 | £303,478 | +45% |
Values shown as filed in the company's annual accounts. — 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 | 2020-07-31 | 2021-07-31 | 2022-07-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|---|
| Return on capital employed | — | — | — | -135.4% | -285.7% | -136.2% | |
| Gearing (liabilities / total assets) | — | — | — | — | 29.6% | 18.4% | |
| Current ratio | — | — | — | 9.22x | 3.07x | 4.70x |
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 1 time since incorporation
- AXIS SPINE TECHNOLOGIES LTD 2018-06-20 → present
- BRIDGING BONE LIMITED 2016-07-20 → 2018-06-20
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Cooper Parry Group Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“We draw attention to Note 2 in the financial statements, which states that to continue as a going concern the group and parent company need a round of equity funding. As stated in Note 2, these events or conditions indicate that a material uncertainty exists”
Group structure
- AXIS SPINE TECHNOLOGIES LTD · parent
- Axis Spine Technologies Inc 100%
Significant events
- “In July 2026, the company completed a fundraising which raised gross proceeds of £2 million.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| WILLIAMS, Alexander David Robert | Secretary | 2023-02-01 | — | — |
| CARTMELL, Simon Christopher | Director | 2021-02-05 | Jan 1960 | British |
| DAVIS JNR, Timothy Edward | Director | 2020-09-04 | Apr 1970 | American |
| OGILVIE, Stephan | Director | 2022-10-17 | Jul 1976 | American |
| SUTCLIFFE, John Christopher | Director | 2017-04-04 | Aug 1959 | British |
| WILLIAMS, Alexander David Robert | Director | 2023-02-01 | Dec 1980 | British |
| MERCIA FUND MANAGEMENT (NOMINEES) LIMITED | Corporate Director | 2026-01-02 | — | — |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ARCOS, Jonathan Lloyd | Director | 2016-07-20 | 2025-11-07 |
| DINES, Peter Michael | Director | 2019-04-04 | 2024-04-25 |
| GWYTHER, Alex Stephen | Director | 2024-04-25 | 2026-01-02 |
| SINGAH, Lucy Philippa | Director | 2021-04-01 | 2022-12-31 |
| MERCIA FUND MANAGEMENT (NOMINEES) LIMITED | Corporate Director | 2017-04-04 | 2019-04-04 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mercia Fund Management Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2017-05-04 | Ceased 2019-04-04 |
| Mr Jonathan Arcos | Individual | Shares 25–50%, Voting 25–50% | 2016-07-20 | Ceased 2021-01-27 |
Filing timeline
Last 20 of 121 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-05-14 RESOLUTIONS Resolution
- 2026-05-14 MA Memorandum articles
- 2025-04-16 RESOLUTIONS Resolution
- 2025-04-16 MA Memorandum articles
- 2025-03-14 RESOLUTIONS Resolution
- 2025-03-14 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-30 | AA | accounts | Accounts with accounts type group | |
| 2026-06-06 | SH03 | capital | Capital return purchase own shares | |
| 2026-05-14 | SH06 | capital | Capital cancellation shares | |
| 2026-05-14 | RESOLUTIONS | resolution | Resolution | |
| 2026-05-14 | MA | incorporation | Memorandum articles | |
| 2026-04-24 | SH01 | capital | Capital allotment shares | |
| 2026-03-30 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-03-04 | SH01 | capital | Capital allotment shares | |
| 2026-01-08 | AP02 | officers | Appoint corporate director company with name date | |
| 2026-01-08 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-07 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-29 | AA | accounts | Accounts with accounts type group | |
| 2025-06-20 | SH01 | capital | Capital allotment shares | |
| 2025-05-12 | SH01 | capital | Capital allotment shares | |
| 2025-04-28 | SH01 | capital | Capital allotment shares | |
| 2025-04-16 | RESOLUTIONS | resolution | Resolution | |
| 2025-04-16 | MA | incorporation | Memorandum articles | |
| 2025-04-04 | SH01 | capital | Capital allotment shares | |
| 2025-03-14 | RESOLUTIONS | resolution | Resolution | |
| 2025-03-14 | MA | incorporation | Memorandum articles |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 11
- Capital events
- 8
- Officers appointed
- 1
- Officers resigned
- 2
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.