KVASIR TECHNOLOGIES LTD
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Next accounts due
2026-12-29 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-05-22 (this month)
Last made up 2025-05-08
Watchouts
None on the register
Cash
£1M
-36.4% vs 2024
Net assets
£4M
+89% vs 2024
Employees
8
-11.1% vs 2024
Profit before tax
£750K
+122.5% vs 2024
Net assets
7-year trend · vs Utilities median
Accounts
7-year trend · latest reflected 2025-03-31
| Metric | Trend | 2019-03-31 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | £550,077 | £3,184,746 | |
| Operating profit | — | — | — | — | — | -£3,333,665 | £760,658 | |
| Profit before tax | — | — | — | — | — | -£3,329,203 | £749,544 | |
| Net profit | — | — | — | — | — | -£3,123,253 | £1,868,210 | |
| Cash | — | — | — | — | — | £1,809,085 | £1,150,514 | |
| Total assets less current liabilities | — | — | — | — | — | £2,099,798 | £3,968,008 | |
| Net assets | — | — | — | — | — | £2,099,798 | £3,968,008 | |
| Equity | £1,240,107 | £3,850,714 | — | — | — | £2,099,798 | £3,968,008 | |
| Average employees | — | — | — | — | — | 9 | 8 | |
| Wages | — | — | — | — | — | £1,492,028 | £1,527,528 | |
| Directors' remuneration | — | — | — | — | £160,000 | £186,300 | £204,300 |
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
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
+479%
£550,077 £3,184,746
-
Cash
-36.4%
£1,809,085 £1,150,514
-
Net assets
+89%
£2,099,798 £3,968,008
-
Employees
-11.1%
9 8
-
Operating profit
+122.8%
-£3,333,665 £760,658
-
Profit before tax
+122.5%
-£3,329,203 £749,544
-
Wages
+2.4%
£1,492,028 £1,527,528
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 | 2019-03-31 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | -606.0% | 23.9% | |
| Net margin | — | — | — | — | — | -567.8% | 58.7% | |
| Return on capital employed | — | — | — | — | — | -158.8% | 19.2% | |
| Gearing (liabilities / total assets) | — | — | — | — | — | 8.3% | 10.6% | |
| Current ratio | — | — | — | — | — | 11.97x | 9.40x | |
| Interest cover | — | — | — | — | — | -2773.43x | 34.58x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Buzzacott 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.”
Significant events
- “In 2025, we successfully made the transition from fund-based strategies to a wholesale energy strategy, launching in 6 countries across the financial year.”
- “We achieved profitability in August last year, which was our initial aim. Since then, we have increased our country roll-out and improved models, becoming both consistent in revenue and extremely profitable.”
- “On 24 June 2024, the company entered an arrangement with an existing shareholder, JV Equity ApS to borrow £236,965.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MMH INVESTMENT HOLDINGS LTD | Corporate Secretary | 2018-09-05 | — | — |
| LINDSEY, Melvin Duane | Director | 2021-03-18 | May 1964 | American |
| MERRITT-HOLMES, Michael James | Director | 2018-09-05 | Dec 1977 | British |
| BROTHERS IN ARMS APS | Corporate Director | 2018-09-05 | — | — |
| MMH INVESTMENT HOLDINGS LTD | Corporate Director | 2018-09-05 | — | — |
| OBERHUBER LIMITED | Corporate Director | 2018-09-25 | — | — |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Oberhuber Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors, Significant influence | 2018-09-25 | Ceased 2019-08-21 |
| Brothers In Arms Aps | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-09-05 | Ceased 2024-02-01 |
Filing timeline
Last 20 of 45 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-04-17 RESOLUTIONS Resolution
- 2026-04-17 MA Memorandum articles
- 2025-05-12 MA Memorandum articles
- 2025-05-12 RESOLUTIONS Resolution
- 2025-05-12 RESOLUTIONS Resolution
- 2024-04-20 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-17 | RESOLUTIONS | resolution | Resolution | |
| 2026-04-17 | MA | incorporation | Memorandum articles | |
| 2026-03-31 | SH01 | capital | Capital allotment shares | |
| 2025-07-25 | AA | accounts | Accounts with accounts type full | |
| 2025-07-10 | SH01 | capital | Capital allotment shares | |
| 2025-05-12 | MA | incorporation | Memorandum articles | |
| 2025-05-12 | RESOLUTIONS | resolution | Resolution | |
| 2025-05-12 | RESOLUTIONS | resolution | Resolution | |
| 2025-05-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-09-24 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-07-24 | AA | accounts | Accounts with accounts type full | |
| 2024-04-20 | RESOLUTIONS | resolution | Resolution | |
| 2024-02-23 | SH06 | capital | Capital cancellation shares | |
| 2024-02-23 | SH03 | capital | Capital return purchase own shares | |
| 2024-02-01 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2024-02-01 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-01-04 | SH01 | capital | Capital allotment shares | |
| 2024-01-04 | SH01 | capital | Capital allotment shares | |
| 2023-09-21 | SH01 | capital | Capital allotment shares | |
| 2023-09-20 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 2
- Officers appointed
- 0
- Officers resigned
- 0
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.