SATSUMA TECHNOLOGY PLC
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Cash
£8.8m
+28,206.5% highest in 3 filed years
Net assets
£39m
+34,239.8% highest in 3 filed years
Employees
1
0% vs 2025
Profit before tax
-£77m
-10,763.6% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
4 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
3-year trend · vs Technology median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-02-28
| Metric | Trend | 2024-02-29 | 2025-02-28 | 2026-02-28 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £1,000 | £1,000 | £52,000 | +5,100% | |
| Operating profit | -£1,575,000 | -£708,000 | -£44,661,000 | -6,208.1% | |
| Profit before tax | -£1,575,000 | -£708,000 | -£76,914,000 | -10,763.6% | |
| Net profit | -£1,575,000 | -£708,000 | -£76,914,000 | -10,763.6% | |
| Cash | £565,000 | £31,000 | £8,775,000 | +28,206.5% | |
| Total assets less current liabilities | £436,000 | -£113,000 | £38,578,000 | +34,239.8% | |
| Net assets | £436,000 | -£113,000 | £38,578,000 | +34,239.8% | |
| Equity | £436,000 | -£113,000 | £38,578,000 | +34,239.8% | |
| Average employees | 7 | 1 | 1 | 0% | |
| Wages | £131,000 | £1,000 | £669,000 | +66,800% | |
| Directors' remuneration | — | — | — | — | |
| Directors' pension contributions | £722 | £465 | — | — | |
| Highest paid director | £127,320 | £92,000 | £1,861,000 | +1,922.8% |
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 | 2024-02-29 | 2025-02-28 | 2026-02-28 |
|---|---|---|---|---|
| Return on capital employed | -361.2% | — | -115.8% | |
| Gearing (liabilities / total assets) | 29.7% | 132.2% | 6.3% | |
| Current ratio | 3.37x | 0.12x | 7.86x | |
| Interest cover | — | — | -2.11x |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Name history
Renamed 3 times since incorporation
- SATSUMA TECHNOLOGY PLC 2025-07-14 → present
- TAO ALPHA PLC 2025-05-12 → 2025-07-14
- STREAKSAI PLC 2023-07-04 → 2025-05-12
- STREAKS GAMING PLC 2021-03-19 → 2023-07-04
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- PKF Littlejohn LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Accordingly, the Directors continue to adopt the going concern basis of accounting in preparing these financial statements.”
Group structure
- SATSUMA TECHNOLOGY PLC · parent
- STT1 PTE Ltd 100%
Significant events
- “In May 2025 the company changed its name to TAO Alpha PLC and in June 2025 adopted a Bitcoin treasury strategy raising approximately £169 million by the issue of two separate convertible loan notes (CLN's).”
- “In July 2025 the Company changed its name to Satsuma Technology PLC.”
- “In July 2026 an overwhelming majority of shareholders voted for the return of capital and the cancellation of the Company's Listing.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 14 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KAINTZ, Scott Christopher, Mr. | Secretary | 2025-08-01 | — | — |
| CARVER, Clive Nathan, Mr. | Director | 2025-12-19 | Jan 1961 | British |
| DEAN, Patrick Charles Thomas | Director | 2026-04-07 | Dec 1964 | British |
| JACHYM, Jonathan Luis, Mr. | Director | 2025-08-01 | Jul 1981 | American |
| LEE, Nicholas, Mr. | Director | 2026-04-07 | Dec 1962 | British |
| MCGREGOR-SMITH, Ranald Howard, Mr. | Director | 2025-12-19 | Oct 1963 | British |
Show 14 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| LE DRUILLENEC, Timothy | Secretary | 2021-03-19 | 2021-04-30 |
| LYTH, Nicholas James | Secretary | 2021-04-30 | 2025-08-01 |
| BLOWS, Philip Jonathan | Director | 2023-02-20 | 2024-03-04 |
| EDWARDS, Michael | Director | 2023-01-01 | 2025-01-16 |
| ELDER, Henry Knox | Director | 2025-07-24 | 2026-03-06 |
| LE DRUILLENEC, Timothy | Director | 2021-03-19 | 2021-05-04 |
| LODGE, Matthew | Director | 2025-01-16 | 2026-09-24 |
| LYTH, Nicholas James | Director | 2021-03-22 | 2025-08-01 |
| RAPHAEL, David | Director | 2023-01-01 | 2024-07-31 |
| RUTLEDGE, Mark | Director | 2021-03-19 | 2025-07-06 |
| SILVERA, Gordon | Director | 2023-01-01 | 2023-06-30 |
| SMITH, Andrew James, Mr. | Director | 2025-11-01 | 2026-02-18 |
| TAYLOR, Darcy | Director | 2025-01-16 | 2025-12-11 |
| TRY, Digby Gordon | Director | 2023-02-20 | 2024-01-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Nicholas James Lyth | Individual | Significant influence | 2021-05-06 | Ceased 2023-01-05 |
| Timothy Le Druillenec | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-03-19 | Ceased 2021-05-07 |
Filing timeline
Last 20 of 82 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-08-24 MA Memorandum articles
- 2026-08-24 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-24 | TM01 | officers | Termination director company with name termination date | |
| 2026-09-24 | AA | accounts | Accounts with accounts type group | |
| 2026-09-21 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2026-09-21 | CERT15 | capital | Certificate capital reduction issued capital | |
| 2026-09-21 | OC138 | capital | Legacy | |
| 2026-08-24 | MA | incorporation | Memorandum articles | |
| 2026-08-24 | RESOLUTIONS | resolution | Resolution | |
| 2026-08-14 | SH01 | capital | Capital allotment shares | |
| 2026-05-17 | AUD | auditors | Auditors resignation company | |
| 2026-04-07 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-07 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-30 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-03-25 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-03-23 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-03-10 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-20 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-22 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-07 | SH01 | capital | Capital allotment shares | |
| 2025-12-30 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-11 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- Capital events
- 5
- Officers appointed
- 4
- Officers resigned
- 4
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.