UNIVERSAL QUANTUM LTD
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-12-17 (in 7mo)
Last made up 2025-12-03
Watchouts
None on the register
Cash
£7M
-50% vs 2023
Net assets
£16M
+10.8% highest in 5 filed years
Employees
59
+59.5% highest in 5 filed years
Profit before tax
£1M
-88% vs 2023
Net assets
6-year trend · vs Technology median
Accounts
6-year trend · latest reflected 2024-12-31
| Metric | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £17,025,626 | £11,255,759 | |
| Operating profit | — | — | — | — | £9,961,205 | £979,672 | |
| Profit before tax | — | — | — | — | £10,002,790 | £1,201,280 | |
| Net profit | — | — | — | — | £9,497,786 | £1,473,613 | |
| Cash | — | £3,127,698 | £1,507,712 | — | £14,054,889 | £7,024,624 | |
| Total assets less current liabilities | £2,553,963 | — | £2,503,756 | — | £15,207,459 | £17,460,999 | |
| Net assets | £2,486,908 | £2,892,673 | £2,503,756 | — | £14,042,485 | £15,563,309 | |
| Equity | £2,486,908 | — | — | £2,350,797 | £14,042,485 | £15,563,309 | |
| Average employees | 4 | 8 | 19 | — | 37 | 59 | |
| Wages | — | — | — | — | £2,856,620 | £4,846,112 | |
| Directors' remuneration | — | — | — | — | £56,295 | £200,588 |
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
-33.9%
£17,025,626 £11,255,759
-
Cash
-50%
£14,054,889 £7,024,624
-
Net assets
+10.8%
£14,042,485 £15,563,309
highest in 5 filed years
-
Employees
+59.5%
37 59
highest in 5 filed years
-
Operating profit
-90.2%
£9,961,205 £979,672
-
Profit before tax
-88%
£10,002,790 £1,201,280
-
Wages
+69.6%
£2,856,620 £4,846,112
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 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 58.5% | 8.7% | |
| Net margin | — | — | — | — | 55.8% | 13.1% | |
| Return on capital employed | — | — | — | — | 65.5% | 5.6% | |
| Current ratio | — | — | 114.44x | — | 3.47x | 7.18x | |
| Interest cover | — | — | — | — | 1110.87x | 89061.09x |
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
- Consolidated group
- Auditor
- Oury Clark Chartered Accountants
- 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 and the parent company's ability to continue as a going concern for a period of at least twelve months and one day from when the financial statements are authorised for issue.”
Group structure
- UNIVERSAL QUANTUM LTD · parent
- Universal Quantum Deutschland Gmbh 100%
- Universal Quantum Inc 100%
Significant events
- “During the year, the Group continued to deliver against key milestones for its customers, including progress under its contract with the German Aerospace Center (DLR) to build two quantum computers. The Group also continued to explore increased international operations, with subsidiaries in Germany, Denmark, and the United States.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HENSINGER, Winfried Karl, Prof Dr | Director | 2018-12-04 | May 1972 | German |
| WEIDT, Sebastian, Dr | Director | 2018-12-04 | Apr 1987 | German |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Dr Sebastian Weidt | Individual | Shares 25–50%, Voting 25–50% | 2018-12-04 | Active |
| Prof Dr Winfried Karl Hensinger | Individual | Shares 25–50%, Voting 25–50% | 2018-12-04 | Active |
Filing timeline
Last 20 of 62 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-26 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-12-12 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-10-31 | SH01 | capital | Capital allotment shares | |
| 2025-09-29 | AA | accounts | Accounts with accounts type group | |
| 2025-06-09 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-01-31 | AA | accounts | Accounts with accounts type total exemption full | |
| 2024-12-12 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-12-11 | SH01 | capital | Capital allotment shares | |
| 2024-06-05 | SH01 | capital | Capital allotment shares | |
| 2024-03-07 | SH01 | capital | Capital allotment shares | |
| 2023-12-18 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2023-12-15 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-12-15 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2023-11-23 | SH01 | capital | Capital allotment shares | |
| 2023-11-23 | SH01 | capital | Capital allotment shares | |
| 2023-11-23 | SH01 | capital | Capital allotment shares | |
| 2023-11-23 | SH01 | capital | Capital allotment shares | |
| 2023-11-23 | SH01 | capital | Capital allotment shares | |
| 2023-11-23 | SH01 | capital | Capital allotment shares | |
| 2023-11-23 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 3
- 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.