LUMINARY ROLI LIMITED

• ⚠

  Material uncertainty over going concern

  The requirement for additional investments and the Group's ability to deliver on the projections themselves are conditions that indicate the existence of material uncertainties, which may cast significant doubt about the Group's ability to continue as a going concern.

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

  +8.9%

  £7,694,103 → £8,376,925

• Cash

  +3,881.1%

  £50,385 → £2,005,873

• Net assets

  -88.8%

  -£14,415,129 → -£27,212,708

  lowest in 3 filed years

• Employees

  +17.6%

  68 → 80

• Operating profit

  -198.6%

  -£8,293,513 → -£24,760,618

• Profit before tax

  -159%

  -£10,658,978 → -£27,611,143

• Wages

  +26.9%

  £4,576,392 → £5,807,909

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. 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.

1. LUMINARY ROLI LIMITED 2021-08-26 → present
2. SHOO 662 LIMITED 2021-05-18 → 2021-08-26

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Rawlinson & Hunter Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The requirement for additional investments and the Group's ability to deliver on the projections themselves are conditions that indicate the existence of material uncertainties, which may cast significant doubt about the Group's ability to continue as a going concern.”

Group structure

1. LUMINARY ROLI LIMITED · parent
   1. ROLI USA Inc. 100% · USA
   2. Blend.io Inc. 100% · USA
   3. FXpansion Audio UK Limited 100%

Significant events

• “In September 2024 the Company received loans of £2.3m from existing shareholders, which was subsequently converted into Series 3 Seed Shares in March 2025, and a further £0.5m in both November 2024 and December 2024. Furthermore in February 2025 the Company received an additional £2.3m unders its inventory financing facility (see Note 19).”
• “In May 2025 a Letter of Intent and Memorandum of Understanding were signed with two new potential investors for further equity financing of £20m to £30m subject to due diligence and other customary procedures.”

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

Filings

13

last 12 months

Capital events

4

last 24 months

Officers appointed

1

last 12 months

Officers resigned

3

last 12 months

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