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Next accounts due

2026-09-30 (in 4mo)

Last filed for 2024-12-31

Confirmation statement due

2027-05-20 (in 1y)

Last made up 2026-05-06

Watchouts

None on the register

Cash

£4M

Latest balance sheet

Net assets

£3M

lowest in 6 filed years

Employees

73

Average over period

Profit before tax

-£7M

Period ending 2024-12-31

Accounts

9-year trend · latest reflected 2024-12-31

Metric Trend 2018-07-012019-06-302020-06-302020-07-012021-06-302022-06-302022-07-012023-12-312024-12-31
Turnover £4,881,682£4,986,670
Operating profit -£12,034,897-£6,164,335
Profit before tax -£12,457,504-£6,526,092
Net profit £1,508-£32,445-£84,492-£837,266-£11,511,278-£6,270,872
Cash £911,124£375,244£3,811,962£10,477,389£12,383,408£4,183,484
Total assets less current liabilities £4,829,897£5,275,302£10,507,818£13,783,218£11,512,307£4,018,824
Net assets £4,579,897£5,025,302£10,507,818£13,366,551£7,912,307£2,818,824
Equity £4,578,389£4,579,897£5,025,302£5,025,302£10,507,818£13,366,551£4,913,831£7,912,307£2,818,824
Average employees 44449573
Wages £8,259,080£5,735,448
Directors' remuneration £301,282£195,828

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

Year-on-year comparison hidden: this filing covers about 12 months versus 18 months prior.

Ratios

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

Ratio Trend 2018-07-012019-06-302020-06-302020-07-012021-06-302022-06-302022-07-012023-12-312024-12-31
Operating margin -123.6%
Net margin -125.8%
Return on capital employed -104.5%-153.4%
Current ratio 2.32x1.10x
Interest cover -21.68x-10.16x

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. 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
Blick Rothenberg Audit LLP
Audit opinion
Unqualified (clean)
Going concern
Affirmed

“The group, as a SaaS business in its growth phase, has operated at a loss while investing in product development, customer acquisition, and scaling infrastructure, with the focus now moving to profitability and cash flow generation. In October 2025, the directors have secured funding of £5.15m, which will allow them to repay the existing debt in full and provide adequate working capital to see the business through to a position of profitability and cash flow generation. Accordingly, the directors are confident that the group has adequate resources to continue in operational existence for the foreseeable future and therefore they continue to adopt the going concern basis of accounting in preparing the financial statements.”

Significant events

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

People

3 active · 8 resigned

Name Role Appointed Born Nationality
ALASHE, Usman Adewale Director 2017-03-24 Aug 1976 British
SUBRAMANIAN, Karthik Director 2022-03-25 May 1977 American
IQ CAPITAL DIRECTORS NOMINEES LTD Corporate Director 2020-12-30
Show 8 resigned officers
Name Role Appointed Resigned
COUZENS, Michael Alastair Director 2018-11-07 2022-02-03
COUZENS, Michael Alastair Director 2017-03-24 2018-08-10
DICKSON, Edward Charles Director 2017-03-14 2018-08-10
HOWITT, Anthony Harry Director 2017-03-24 2018-11-07
KAMAL, Dr Omar Director 2018-08-10 2022-03-25
LUMLEY, Sean Craig Director 2017-03-24 2021-08-11
WHILLOCK, Ian David Director 2017-03-24 2018-08-10
WILLIAMS, Janet Elizabeth Director 2017-03-24 2018-08-10

Ownership

Persons with significant control

Name Kind Nature of control Notified Status
Evolution Equity Partners Gp Llc Corporate entity Shares 25–50%, Voting 25–50% 2022-10-11 Ceased 2022-10-11
Mr Usman Adewale Alashe Individual Shares 25–50% 2017-03-24 Ceased 2018-07-10
Mr Edward Charles Dickson Individual Shares 75–100%, ownership-of-shares-75-to-100-percent-as-trust, ownership-of-shares-75-to-100-percent-as-firm, Voting 75–100%, voting-rights-75-to-100-percent-as-firm, significant-influence-or-control-as-firm 2017-03-14 Ceased 2017-03-24

Filing timeline

Last 20 of 97 total filings

Date Type Category Description
2026-05-06 CS01 confirmation-statement Confirmation statement with no updates PDF
2025-12-16 AA accounts Accounts with accounts type group PDF
2025-10-08 MR01 mortgage Mortgage create with deed with charge number charge creation date PDF
2025-10-06 MR04 mortgage Mortgage satisfy charge full PDF
2025-10-06 MR04 mortgage Mortgage satisfy charge full PDF
2025-05-29 CS01 confirmation-statement Confirmation statement with no updates PDF
2024-09-11 AA accounts Accounts with accounts type small
2024-05-22 CS01 confirmation-statement Confirmation statement with updates PDF
2023-07-17 CS01 confirmation-statement Confirmation statement with updates PDF
2023-05-04 AA01 accounts Change account reference date company current extended PDF
2023-03-29 AA accounts Accounts with accounts type small PDF
2022-12-15 PSC08 persons-with-significant-control Notification of a person with significant control statement PDF
2022-12-15 PSC07 persons-with-significant-control Cessation of a person with significant control PDF
2022-12-05 PSC02 persons-with-significant-control Notification of a person with significant control PDF
2022-11-14 AD01 address Change registered office address company with date old address new address PDF
2022-09-13 MR01 mortgage Mortgage create with deed with charge number charge creation date PDF
2022-08-18 PSC09 persons-with-significant-control Withdrawal of a person with significant control statement PDF
2022-07-28 SH01 capital Capital allotment shares PDF
2022-07-28 CS01 confirmation-statement Confirmation statement with updates PDF
2022-07-21 CS01 confirmation-statement Confirmation statement with updates PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
6

last 12 months

Capital events
0

last 24 months

Officers appointed
0

last 12 months

Officers resigned
0

last 12 months

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

Official Companies House page