CONCIRRUS HOLDINGS LIMITED
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Cash
£436K
-4.7% vs 2023
Net assets
-£2.8M
-1,353.8% vs 2023
Employees
49
+11.4% vs 2023
Profit before tax
-£2.9M
+53.8% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
-
Negative shareholders' funds
Net assets
2-year trend · vs Technology 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 | £5,400,590 | £4,601,196 | -14.8% | |
| Operating profit | -£6,105,999 | -£2,703,085 | +55.7% | |
| Profit before tax | -£6,241,685 | -£2,882,477 | +53.8% | |
| Net profit | -£6,277,548 | -£2,999,869 | +52.2% | |
| Cash | £457,878 | £436,159 | -4.7% | |
| Total assets less current liabilities | £2,481,475 | £671,022 | -73% | |
| Net assets | £221,523 | -£2,777,469 | -1,353.8% | |
| Equity | £221,523 | -£2,777,469 | -1,353.8% | |
| Average employees | 44 | 49 | +11.4% | |
| 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. 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 | -113.1% | -58.7% | |
| Net margin | -116.2% | -65.2% | |
| Return on capital employed | -246.1% | -402.8% | |
| Gearing (liabilities / total assets) | 95.1% | 172.0% | |
| Current ratio | 2.21x | 1.18x | |
| Interest cover | -45.00x | -14.90x |
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 §1A
- Reporting scope
- Consolidated group
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- Cooper Parry Group Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors use of the going concern basis relies upon the continued support of a third-party, being the previous majority owners of the Company. This ongoing support has been evidenced via a Letter of Support from the aforementioned third-party company covering a period of 12 months from the signing of these financial statements. This letter states that they "have the requisite financial resources and intends to fully fund the operations of Concirrus Holdings Limited and its related subsidiaries as needed to allow them to meet their financial obligations as and when they fall due". As stated, this company has the relevant capacity to provide this funding and has demonstrated their willingness to fulfil their intention by providing liquidity to subsidiaries of the Company in FY25 (subsequent to the period covered in these financial statements) and after their ownership of the Company ceased.”
Group structure
- CONCIRRUS HOLDINGS LIMITED · parent
- Concirrus Ltd 100%
- Concirrus (India) Private Limited 100%
- Concirrus Inc 100%
- Spark Insights Inc 100%
- Concirrus (Israel) Ltd 100%
Significant events
- “During 2024 we pivoted our business from being solely focused on the Marine Analytics market and invested to rebuild our technology such that we are now a provider that offers Al-powered solutions to the Specialty Market. In effect allowing us to replicate our success from Marine to other markets.”
- “We have kept our core costs fairly flat and use contract resources (in India) to smooth spikes in R&D demand.”
- “Our strategy has three elements: 1. Extend our marine customer base with further sales (we signed two new insurers in Q2) 2. Continue to win new large customers outside of Marine 3. Leverage our growing IP base across the wider market.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| TARADASH, Reid | Director | 2025-12-15 | May 1981 | American |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CLYDE SECRETARIES LIMITED | Corporate Secretary | 2023-02-23 | 2024-01-25 |
| MENZIES, Steven | Director | 2023-02-23 | 2023-04-24 |
| SILVER, Jeffrey Alan | Director | 2023-02-23 | 2025-12-15 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Reid Taradash | Individual | Voting 75–100% (as trust), Significant influence (as trust) | 2024-10-31 | Ceased 2024-10-31 |
| Mr Reid Taradash | Individual | Shares 75–100% (as trust), Voting 75–100% (as trust), Appoints directors (as trust) | 2024-10-31 | Ceased 2024-10-31 |
| Mr Jamie Sahara | Individual | Shares 75–100% (as firm), Voting 75–100% (as firm) | 2024-10-31 | Active |
| Mr Steven Menzies | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-02-23 | Ceased 2024-10-31 |
Filing timeline
Last 20 of 25 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-17 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-03-13 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-03-13 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-03-02 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-27 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-24 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-12-18 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-12-10 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-09-30 | AA | accounts | Accounts with accounts type group | |
| 2025-08-21 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-03-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-11 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-02-11 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-09-28 | AA | accounts | Accounts with accounts type group | |
| 2024-05-21 | AA01 | accounts | Change account reference date company previous shortened | |
| 2024-03-19 | CH01 | officers | Change person director company with change date | |
| 2024-02-26 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-01-25 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-04-28 | TM01 | officers | Termination director company with name termination date | |
| 2023-03-17 | SH10 | capital | Capital variation of rights attached to shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
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.