KRAKEN TECHNOLOGIES LIMITED
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Next accounts due
2026-10-31 (in 5mo)
Last filed for 2025-01-31
Confirmation statement due
2026-06-05 (in 1mo)
Last made up 2025-05-22
Watchouts
None on the register
Cash
£31M
Latest balance sheet
Net assets
£134M
Equity attributable
Employees
1,496
Average over period
Profit before tax
-£5M
Period ending 2025-01-31
Net assets
2-year trend · vs Technology median
Accounts
2-year trend · latest reflected 2025-01-31
| Metric | Trend | 2024-04-30 | 2025-01-31 |
|---|---|---|---|
| Turnover | £143,355,000 | £163,803,000 | |
| Operating profit | £31,346,000 | £609,000 | |
| Profit before tax | £27,109,000 | -£5,014,000 | |
| Net profit | £17,417,000 | -£2,663,000 | |
| Cash | £18,834,000 | £30,520,000 | |
| Total assets less current liabilities | £148,637,000 | £150,619,000 | |
| Net assets | £127,011,000 | £133,673,000 | |
| Equity | £127,011,000 | £133,673,000 | |
| Average employees | 1,021 | 1,496 | |
| Wages | £22,458,000 | £27,298,000 | |
| Directors' remuneration | £185,000 | £497,000 |
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
FY2024 → FY2025 · period ending 2025-01-31 vs 2024-04-30
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-04-30 | 2025-01-31 |
|---|---|---|---|
| Operating margin | 21.9% | 0.4% | |
| Net margin | 12.1% | -1.6% | |
| Return on capital employed | 21.1% | 0.4% | |
| Gearing (liabilities / total assets) | 38.7% | 48.7% | |
| Current ratio | 1.10x | 0.72x | |
| Interest cover | 7.29x | 0.10x |
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
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on these factors, the Directors have a reasonable expectation that the Group has sufficient resources to continue in operational existence for at least 12 months from the date of approval of these financial statements.”
Group structure
- KRAKEN TECHNOLOGIES LIMITED · parent
- Kraken Labs Limited 100%
- KrakenFlex Limited 100%
- Sennen Tech Ltd 100%
- Smart Pear Limited 100%
- Anyskill Technologies GmbH 100%
- Energetiq Pty Limited 100%
- Energetiq Services Pty Limited 100%
- Jedlix B.V. 100%
- Kraken Bilgi ve Teknolojileri Danışmanlık ve Ticaret Limited. Şti. 100%
- Kraken Labs Limited 100%
- Kraken Labs Limited 100%
- Kraken Labs Limited 100%
- Kraken Labs Limited 100%
- Kraken Tech Australia Pty Ltd 100%
- Kraken Tech NZ Limited 100%
- Kraken Technologies Japan G.K. 100%
- Kraken Technologies Switzerland Sarl 100%
- Kraken Technologies US, Inc 100%
Significant events
- “We took steps to operate independently from Octopus Energy Group”
- “Major milestone in the US market”
- “We made some strategic acquisitions”
- “We brought Kraken Flex into the single Kraken platform”
- “We continue to invest in Al”
- “In May 2025, Kraken achieved a key milestone by partnering with National Grid. The utility manages generation, distribution and retail for over 6.5 million energy customers across New York and Massachusetts. Kraken received regulatory approval - a key step for the firm's growth in the US market.”
- “in September 2025, OEGL announced its intention to spin off Kraken Technologies Limited into a standalone Group, with the separation of the two companies' stock registers to be undertaken in the coming months.”
- “Kraken obtained ISO/IEC 27001:2022 certification in August 2024.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BOWIE, John | Director | 2022-06-28 | May 1978 | Australian |
| EDDISON, James Andrew | Director | 2019-05-23 | Dec 1971 | British |
| HULATT, Christopher Robert | Director | 2019-05-23 | Aug 1976 | British |
| JACKSON, Greg Sean | Director | 2019-05-23 | Sep 1971 | British |
| JACKSON, Stuart Keith | Director | 2019-05-23 | Feb 1973 | British |
| ROGERSON, Simon Andrew | Director | 2019-05-23 | Jul 1974 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| OCTOPUS COMPANY SECRETARIAL SERVICES LIMITED | Corporate Secretary | 2019-05-23 | 2022-05-25 |
| BRISKIN, Jonathan | Director | 2020-05-01 | 2022-06-28 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Octopus Energy Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-05-23 | Active |
Filing timeline
Last 20 of 52 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-04-05 MA Memorandum articles
- 2024-03-22 RESOLUTIONS Resolution
- 2024-03-09 MA Memorandum articles
- 2024-02-26 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-12 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-01-09 | AA | accounts | Accounts with accounts type group | |
| 2025-10-02 | AA01 | accounts | Change account reference date company previous shortened | |
| 2025-05-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-13 | CH01 | officers | Change person director company with change date | |
| 2025-05-13 | CH01 | officers | Change person director company with change date | |
| 2025-05-13 | CH01 | officers | Change person director company with change date | |
| 2025-05-12 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-02-03 | AA | accounts | Accounts with accounts type full | |
| 2024-08-10 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-08-08 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-05-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-30 | CH01 | officers | Change person director company with change date | |
| 2024-04-05 | MA | incorporation | Memorandum articles | |
| 2024-03-22 | RESOLUTIONS | resolution | Resolution | |
| 2024-03-09 | MA | incorporation | Memorandum articles | |
| 2024-02-26 | RESOLUTIONS | resolution | Resolution | |
| 2024-02-06 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-02-02 | AA | accounts | Accounts with accounts type full | |
| 2023-05-24 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 0
- 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.