PHYSICSX LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-08-14 (in 3mo)
Last made up 2025-07-31
Watchouts
Cash
£13M
-38.6% vs 2023
Net assets
£19M
-23.6% vs 2023
Employees
74
+164.3% highest in 5 filed years
Profit before tax
—
Period ending 2024-12-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
5-year trend · vs Industrials median
Accounts
5-year trend · latest reflected 2024-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | |
| Operating profit | — | — | — | — | — | |
| Profit before tax | — | — | — | — | — | |
| Net profit | — | — | — | -£4,094,867 | -£7,216,839 | |
| Cash | — | £536,442 | £733,484 | £21,460,854 | £13,185,691 | |
| Total assets less current liabilities | £149,311 | £396,139 | £205,704 | £24,559,501 | £18,757,443 | |
| Net assets | £119,311 | — | — | £24,559,501 | £18,757,443 | |
| Equity | £119,311 | £396,139 | £205,704 | £24,559,501 | £18,757,443 | |
| Average employees | 1 | 4 | 13 | 28 | 74 | |
| Wages | — | — | — | — | — | |
| Directors' remuneration | — | — | — | — | — |
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
—
Not reported
-
Cash
-38.6%
£21,460,854 £13,185,691
-
Net assets
-23.6%
£24,559,501 £18,757,443
-
Employees
+164.3%
28 74
highest in 5 filed years
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 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Gearing (liabilities / total assets) | — | — | — | 2.9% | 5.9% | |
| Current ratio | — | — | — | 33.80x | 16.49x |
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
- PHYSICSX LIMITED 2020-07-09 → present
- MOTODYNAMICS LTD 2019-08-01 → 2020-07-09
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Saffery LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the time of approving the financial statements, the directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”
Group structure
- PHYSICSX LIMITED · parent
- PhysicsX Inc. 100%
Significant events
- “On 18 June 2025, the company allotted 6,023,671 Series B-1 Preferred Shares and 2,350,932 Series B-2 Preferred Shares, to generate funding of $123,999,788, with a further $9,999,995.70 of funding through a stock transfer on 20 June 2025, which is pending completion.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BAUM, James Parker | Director | 2023-10-20 | Jan 1964 | American |
| CONNELL, Laura | Director | 2025-06-20 | Mar 1988 | French |
| CORBO, Jacomo | Director | 2023-01-01 | Apr 1979 | Canadian,Italian |
| TULUIE, Robin, Dr. | Director | 2019-08-01 | Jan 1964 | British |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GILBERTSON, Rebekah Esther | Director | 2019-08-01 | 2023-08-17 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Jacomo Corbo | Individual | Shares 25–50% | 2023-08-18 | Ceased 2025-05-13 |
| Dr. Robin Tuluie | Individual | Shares 25–50%, Voting 25–50% | 2019-08-01 | Ceased 2023-10-19 |
| Ms Rebekah Esther Gilbertson | Individual | Shares 25–50%, Voting 25–50% | 2019-08-01 | Ceased 2023-10-19 |
Filing timeline
Last 20 of 61 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-07-17 MA Memorandum articles
- 2025-07-08 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-21 | SH01 | capital | Capital allotment shares | |
| 2026-03-04 | SH01 | capital | Capital allotment shares | |
| 2026-01-15 | CH01 | officers | Change person director company with change date | |
| 2025-10-29 | AA | accounts | Accounts with accounts type group | |
| 2025-08-14 | CH01 | officers | Change person director company with change date | |
| 2025-08-14 | SH02 | capital | Capital alter shares subdivision | |
| 2025-08-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-08-13 | SH01 | capital | Capital allotment shares | |
| 2025-08-11 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2025-07-17 | MA | incorporation | Memorandum articles | |
| 2025-07-14 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-07-08 | RESOLUTIONS | resolution | Resolution | |
| 2025-06-25 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2025-06-24 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-23 | SH01 | capital | Capital allotment shares | |
| 2025-06-23 | SH01 | capital | Capital allotment shares | |
| 2025-05-02 | SH01 | capital | Capital allotment shares | |
| 2025-02-28 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-12-05 | CH01 | officers | Change person director company with change date | |
| 2024-11-26 | AD01 | address | Change registered office address company with date old address new address |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 17
- Capital events
- 7
- Officers appointed
- 1
- 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.