ABACAI TECHNOLOGIES LIMITED
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Cash
£1.3M
-71.7% vs 2023
Net assets
-£4.5M
+24.9% vs 2023
Employees
—
Average over period
Profit before tax
£648K
+132% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £11,910,000 | £14,925,000 | +25.3% | |
| Operating profit | -£811,000 | £2,090,000 | +357.7% | |
| Profit before tax | -£2,028,000 | £648,000 | +132% | |
| Net profit | -£2,028,000 | £1,497,000 | +173.8% | |
| Cash | £4,689,000 | £1,328,000 | -71.7% | |
| Total assets less current liabilities | £8,352,000 | £3,240,000 | -61.2% | |
| Net assets | -£6,003,000 | -£4,506,000 | +24.9% | |
| Equity | -£6,003,000 | -£4,506,000 | +24.9% | |
| Average employees | — | — | — | |
| Wages | £2,058,000 | £1,511,000 | -26.6% | |
| 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. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | -6.8% | 14.0% | |
| Net margin | -17.0% | 10.0% | |
| Return on capital employed | -9.7% | 64.5% | |
| Current ratio | 0.84x | 0.59x | |
| Interest cover | -0.67x | 1.45x |
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
- PKF Littlejohn LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors consider the going concern basis to be appropriate following their assessment of the Company's financial position and its ability to meet its obligations as and when they fall due. The Directors are not aware of any material uncertainties that cast significant doubt on the Company's ability to continue as a going concern.”
Significant events
- “2024 was a strong year for the company despite difficult market conditions. The company successfully increased revenue through competitive pricing whilst maintaining a relatively stable cost base.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ABASHIDZE, Andria | Director | 2023-11-29 | Nov 1976 | British |
| DUTHIE, Mark | Director | 2023-11-29 | Jun 1986 | British |
| HILL, Jonathan | Director | 2025-04-21 | Aug 1983 | British |
| WARRE, Caspar Alexis Mackintosh | Director | 2021-01-20 | Aug 1974 | British |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BOWN, Barry John | Director | 2023-08-10 | 2023-11-29 |
| HAY, James John | Director | 2021-04-20 | 2023-07-14 |
| LOVE, Charlie | Director | 2023-08-10 | 2023-10-13 |
| PRICE, Colin Neil | Director | 2021-04-20 | 2023-07-14 |
| SPENCER-CHURCHILL, Edward, Lord | Director | 2021-04-20 | 2023-11-29 |
| WILSON, Mark Andrew | Director | 2022-12-14 | 2023-07-14 |
| WILSON, Mark Andrew | Director | 2021-04-20 | 2021-12-07 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Talos Capital Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2021-04-20 | Ceased 2021-04-20 |
| Key Topco Limited | Corporate entity | Shares 50–75%, Voting 50–75% | 2021-04-20 | Active |
| Mr Edward Albert Charles Spencer-Churchill | Individual | Shares 75–100% | 2021-01-20 | Ceased 2021-04-20 |
Filing timeline
Last 20 of 42 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-06 | AA | accounts | Accounts with accounts type full | |
| 2025-04-29 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-11 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-10-03 | AA | accounts | Accounts with accounts type small | |
| 2024-05-08 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-12-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-21 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-12-15 | AP01 | officers | Appoint person director company with name date | |
| 2023-12-15 | AP01 | officers | Appoint person director company with name date | |
| 2023-12-15 | TM01 | officers | Termination director company with name termination date | |
| 2023-12-15 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-17 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-02 | AA | accounts | Accounts with accounts type small | |
| 2023-08-16 | AP01 | officers | Appoint person director company with name date | |
| 2023-08-16 | AP01 | officers | Appoint person director company with name date | |
| 2023-07-28 | TM01 | officers | Termination director company with name termination date | |
| 2023-07-28 | TM01 | officers | Termination director company with name termination date | |
| 2023-07-28 | TM01 | officers | Termination director company with name termination date | |
| 2022-12-22 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 1
- 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.