POLYAI LIMITED
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Cash
—
Latest balance sheet
Net assets
—
Equity attributable
Employees
—
Average over period
Profit before tax
-£43M
-110.1% lowest in 3 filed years
Net assets
3-year trend · vs Technology median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-01-31
| Metric | Trend | 2024-01-31 | 2025-01-31 | 2026-01-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £6,774,258 | £11,887,977 | £17,923,370 | +50.8% | |
| Operating profit | -£19,411,653 | -£21,892,804 | -£43,999,323 | -101% | |
| Profit before tax | -£19,056,911 | -£20,418,545 | -£42,904,667 | -110.1% | |
| Net profit | -£18,050,354 | -£19,397,318 | -£41,431,463 | -113.6% | |
| Cash | £12,195,135 | £35,793,887 | — | — | |
| Total assets less current liabilities | £12,303,165 | £34,348,509 | — | — | |
| Net assets | £12,303,165 | £34,348,509 | — | — | |
| Equity | £12,303,165 | £34,348,509 | — | — | |
| Average employees | 141 | 159 | — | — | |
| Wages | £16,281,252 | £20,504,354 | £30,039,838 | +46.5% | |
| Directors' remuneration | £763,707 | £694,049 | £572,544 | -17.5% |
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 | 2024-01-31 | 2025-01-31 | 2026-01-31 |
|---|---|---|---|---|
| Operating margin | — | -184.2% | — | |
| Net margin | — | -163.2% | — | |
| Return on capital employed | -157.8% | -63.7% | — | |
| Current ratio | 3.87x | 5.03x | — |
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
- Streets 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.”
Group structure
- POLYAI LIMITED · parent
- PolyAI Technologies Inc 100%
- PolyAI Pacific Private Ltd 100%
- PolyAI D.o.o 100%
Significant events
- “The company has issued further shares since the balance sheet date for a consideration of $20m.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PORTER, Francesca | Secretary | 2025-01-27 | — | — |
| ARMSTRONG, Bruce | Director | 2022-06-09 | Jan 1962 | American |
| MRKSIC, Nikola | Director | 2017-11-06 | Apr 1991 | British |
| OSBORNE, Ian William, Mr. | Director | 2024-04-22 | May 1983 | British |
| STOKES, Tara | Director | 2025-10-12 | Nov 1991 | American |
| WALSH, Emily | Director | 2022-06-09 | Jul 1983 | American |
| WEN, Tsung-Hsien | Director | 2018-01-08 | Nov 1988 | Taiwanese |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ARMOUR, Amelia Sarah | Director | 2022-02-10 | 2022-06-09 |
| BURBIDGE, Eileen | Director | 2018-01-29 | 2019-01-16 |
| CHANDRASEKAR, Sri | Director | 2019-01-16 | 2025-10-12 |
| HAUSER, Hermann Maria, Dr | Director | 2018-01-29 | 2022-02-09 |
| SU, Pei-Hao | Director | 2018-01-08 | 2019-01-16 |
| ZHANG, Yan | Director | 2022-06-09 | 2024-02-02 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Nikola Mrksic | Individual | Shares 25–50%, Voting 25–50%, Appoints directors | 2017-11-06 | Ceased 2019-01-16 |
| Mr Pei-Hao Su | Individual | Shares 25–50%, Voting 25–50%, Appoints directors | 2017-11-06 | Ceased 2019-01-16 |
| Mr Tsung-Hsien Wen | Individual | Shares 25–50%, Voting 25–50%, Appoints directors | 2017-11-06 | Ceased 2019-01-16 |
Filing timeline
Last 20 of 118 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-06-03 RESOLUTIONS Resolution
- 2025-12-23 MA Memorandum articles
- 2025-12-23 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-07 | AA | accounts | Accounts with accounts type group | |
| 2026-06-03 | RESOLUTIONS | resolution | Resolution | |
| 2026-05-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-05-16 | SH08 | capital | Capital name of class of shares | |
| 2026-05-15 | SH01 | capital | Capital allotment shares | |
| 2026-05-13 | SH01 | capital | Capital allotment shares | |
| 2026-04-28 | SH01 | capital | Capital allotment shares | |
| 2026-04-28 | SH01 | capital | Capital allotment shares | |
| 2025-12-23 | MA | incorporation | Memorandum articles | |
| 2025-12-23 | RESOLUTIONS | resolution | Resolution | |
| 2025-12-18 | SH01 | capital | Capital allotment shares | |
| 2025-10-17 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-17 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-14 | SH01 | capital | Capital allotment shares | |
| 2025-09-30 | AA | accounts | Accounts with accounts type group | |
| 2025-06-17 | CH01 | officers | Change person director company with change date | |
| 2025-06-17 | CH01 | officers | Change person director company with change date | |
| 2025-05-14 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-05-09 | SH01 | capital | Capital allotment shares | |
| 2025-04-02 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 15
- Capital events
- 9
- Officers appointed
- 1
- Officers resigned
- 1
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.