THOUGHT MACHINE GROUP LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-12-28 (in 7mo)
Last made up 2025-12-14
Watchouts
None on the register
Cash
£51M
-52.5% vs 2023
Net assets
£73M
-44.9% vs 2023
Employees
523
-12.4% vs 2023
Profit before tax
-£69M
-10.6% vs 2023
Net assets
2-year trend · vs Technology median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £47,782,000 | £47,608,000 | |
| Operating profit | -£77,868,000 | -£69,363,000 | |
| Profit before tax | -£62,731,000 | -£69,375,000 | |
| Net profit | -£59,032,000 | -£71,216,000 | |
| Cash | £106,290,000 | £50,506,000 | |
| Total assets less current liabilities | £160,970,000 | £78,794,000 | |
| Net assets | £132,363,000 | £72,899,000 | |
| Equity | £132,363,000 | £72,899,000 | |
| Average employees | 597 | 523 | |
| Wages | £64,467,000 | £55,796,000 | |
| Directors' remuneration | £200,000 | £279,000 |
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
-
Turnover
-0.4%
£47,782,000 £47,608,000
-
Cash
-52.5%
£106,290,000 £50,506,000
-
Net assets
-44.9%
£132,363,000 £72,899,000
-
Employees
-12.4%
597 523
-
Operating profit
+10.9%
-£77,868,000 -£69,363,000
-
Profit before tax
-10.6%
-£62,731,000 -£69,375,000
-
Wages
-13.5%
£64,467,000 £55,796,000
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | -163.0% | -145.7% | |
| Net margin | -123.5% | -149.6% | |
| Return on capital employed | -48.4% | -88.0% | |
| Gearing (liabilities / total assets) | 29.5% | 37.6% | |
| Current ratio | 4.74x | 2.03x | |
| Interest cover | -95.43x | -4.59x |
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. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- THOUGHT MACHINE GROUP LIMITED 2018-01-11 → present
- TW SHELFCO 4988 LIMITED 2017-12-15 → 2018-01-11
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Group's financial forecasts and sensitives show the Group, and the Company, will operate with positive cash positions and meet their obligations as they fall due. As a result, the Directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.”
Group structure
- THOUGHT MACHINE GROUP LIMITED · parent
- Thought Machine Pte Ltd 100%
- Thought Machine Inc 100%
- Thought Machine Pty Ltd 100%
- Thought Machine (India) Private Limited 99.99%
Significant events
- “In July 2025, the Company secured £44.8 million of funding from existing investors. The funding supplements the Company's cash position and will be used to finance the Company's growth and in particular continued investments in its product development.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
10 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ASHWORTH, Michael James | Director | 2025-12-05 | May 1964 | American |
| FADEL, Hala Frangie | Director | 2023-09-11 | May 1974 | French |
| HAYES, Peter John | Director | 2019-03-29 | Jan 1954 | British |
| KRUPETSKY, Greta | Director | 2023-10-16 | Nov 1964 | American |
| MAGUIRE, Andrew Mitchell | Director | 2020-09-17 | Oct 1966 | British |
| MANOR, Eyal | Director | 2023-12-12 | Oct 1973 | American |
| MARSH, John Richard, Dr | Director | 2025-12-10 | May 1971 | British |
| MORRIS, Hans | Director | 2021-09-01 | Dec 1958 | American |
| TAYLOR, Paul Alexander | Director | 2017-12-21 | Dec 1967 | British |
| IQ CAPITAL DIRECTORS NOMINEES LIMITED | Corporate Director | 2017-12-15 | — | — |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FABIAN, Zoe | Director | 2020-08-10 | 2023-09-11 |
| JAYAKUMAR, Vinoth | Director | 2020-05-11 | 2025-12-10 |
| LITTLE, Richard Patrick | Director | 2017-12-15 | 2023-09-27 |
| PHILLIPPS, Andrew James | Director | 2019-02-01 | 2023-09-27 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Paul Alexander Taylor | Individual | Voting 25–50% | 2017-12-15 | Ceased 2018-11-07 |
Filing timeline
Last 20 of 109 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-07-24 RESOLUTIONS Resolution
- 2025-07-24 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-27 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-01-05 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-31 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-31 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-07 | SH01 | capital | Capital allotment shares | |
| 2025-09-30 | AA | accounts | Accounts with accounts type group | |
| 2025-07-28 | SH01 | capital | Capital allotment shares | |
| 2025-07-24 | RESOLUTIONS | resolution | Resolution | |
| 2025-07-24 | MA | incorporation | Memorandum articles | |
| 2025-07-24 | SH08 | capital | Capital name of class of shares | |
| 2024-12-17 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-08-06 | AA | accounts | Accounts with accounts type group | |
| 2024-01-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-24 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-24 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-24 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-24 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-09 | AA | accounts | Accounts with accounts type group | |
| 2023-09-25 | AP01 | officers | Appoint person director company with name date | |
| 2023-09-25 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 3
- Officers appointed
- 2
- 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.