MESH AI LIMITED

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

• Turnover

  -30.4%

  £16,214,320 → £11,281,346

• Cash

  -85.8%

  £1,762,718 → £251,089

  lowest in 3 filed years

• Net assets

  -27.5%

  £2,261,627 → £1,638,703

• Employees

  -7.6%

  92 → 85

• Operating profit

  -190.7%

  -£2,802,371 → -£8,147,545

• Profit before tax

  -184%

  -£2,880,248 → -£8,180,167

• Wages

  +9.4%

  £11,418,625 → £12,497,122

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

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Azets Audit Services

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have received a letter of support from its Investors, Columbia Capital, confirming that financial support will be provided to assist the company in meeting its liabilities as and when they fall due, for a period of at least 12 months from the date of approval of the financial statements.”

Significant events

• “The Company reported a loss of £6.6 million, which included a one-off, non-recurring restructuring cost of £919,000 in the first half of the year as the Company transitioned into a new phase of growth, focusing on a revised long-term go-to-market strategy and customer base.”
• “A new leadership team was appointed, bringing extensive experience in professional services and the markets where Mesh AI operates.”
• “The Company experienced a 26% revenue increase in the second half of the year and secured a backlog of £4.4 million as of 31 December 2024.”
• “Full-time equivalent (FTE) headcount increased from 83 in June 2024 to 105 in February 2025, a 27% increase.”
• “The Company refined its long-term strategy in Q2 2024 with a focus on Leadership Transformation and Go-to-Market Strategy Enhancement, including new leadership appointments in Sales, HR, and Finance, and a pivot to targeting large enterprises in Energy/Utilities and Financial Services sectors.”
• “Mesh-AI is investing in growing its partnerships with AWS and Microsoft Azure to increase services in existing customers and win net new logos in target industries.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

1

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.