PELION IOT LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-10-06 (in 5mo)
Last made up 2025-09-22
Watchouts
None on the register
Cash
£796K
+252.2% vs 2024
Net assets
£8M
-9.3% vs 2024
Employees
65
+1.6% vs 2024
Profit before tax
-£798K
+82.4% vs 2024
Net assets
2-year trend · vs Telecommunications median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £12,244,871 | £14,764,341 | |
| Operating profit | -£4,526,206 | -£778,619 | |
| Profit before tax | -£4,526,206 | -£797,646 | |
| Net profit | -£4,526,206 | -£782,568 | |
| Cash | £225,975 | £795,983 | |
| Total assets less current liabilities | £8,907,431 | £7,763,939 | |
| Net assets | £8,433,906 | £7,651,338 | |
| Equity | £8,433,906 | £7,651,338 | |
| Average employees | 64 | 65 | |
| Wages | £4,734,504 | £4,452,047 | |
| Directors' remuneration | £451,247 | £489,213 |
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
Year-on-year
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
+20.6%
£12,244,871 £14,764,341
-
Cash
+252.2%
£225,975 £795,983
-
Net assets
-9.3%
£8,433,906 £7,651,338
-
Employees
+1.6%
64 65
-
Operating profit
+82.8%
-£4,526,206 -£778,619
-
Profit before tax
+82.4%
-£4,526,206 -£797,646
-
Wages
-6%
£4,734,504 £4,452,047
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | -37.0% | -5.3% | |
| Net margin | -37.0% | -5.3% | |
| Return on capital employed | -50.8% | -10.0% | |
| Current ratio | 1.68x | 1.32x | |
| Interest cover | — | -40.92x |
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.
Name history
Renamed 3 times since incorporation
- PELION IOT LIMITED 2021-08-23 → present
- ARM CLOUD SERVICES LIMITED 2019-09-02 → 2021-08-23
- STREAM TECHNOLOGIES LIMITED 2014-05-30 → 2019-09-02
- STREAM COMMUNICATIONS LIMITED 2000-10-05 → 2014-05-30
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Forvis Mazars LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Company continues to adopt the going concern basis in preparing its financial statements based on the Directors' reasonable expectation that the Company will continue in operational existence for at least 12 months from the date of the approval of this report.”
Group structure
- PELION IOT LIMITED · parent
- Pelion Inc. 100%
- Pelion (India) Private Limited 100%
Significant events
- “After the reporting date, the Company approved a restructuring programme that includes a reduction in employee numbers. The estimated cost of the programme to be incurred in the next financial year is approximately £0.4 million.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 20 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BARCLAY, Lorna | Secretary | 2024-05-14 | — | — |
| DAVISON, Andrew Peter | Director | 2022-10-08 | Aug 1967 | British |
| STRACHAN, Niall Graham | Director | 2022-10-08 | Aug 1984 | British |
| TAIT, Alan | Director | 2022-10-08 | Feb 1985 | British |
| TAYLOR, Andrew George | Director | 2022-11-01 | Dec 1968 | British |
| WEIDNER, David Andrew | Director | 2022-10-08 | Aug 1975 | American |
Show 20 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CHADWICK, Nigel Andrew | Secretary | 2000-10-05 | 2018-06-01 |
| BRIAN REID LTD. | Corporate Nominee Secretary | 2000-10-05 | 2000-10-05 |
| ANKERS, Timothy James | Director | 2022-10-08 | 2023-12-31 |
| BUDD, Graham Stephen | Director | 2018-06-01 | 2020-10-02 |
| CHADWICK, Nigel Andrew | Director | 2000-10-05 | 2018-06-01 |
| FORTMULLER, Alexander Richard | Director | 2022-03-23 | 2022-10-08 |
| KORSTANJE, Vincent | Director | 2020-03-31 | 2021-11-30 |
| MCDOWALL, Kevin | Director | 2000-10-05 | 2018-06-01 |
| MUKKAMALA, Himagiri Kumar | Director | 2020-10-02 | 2022-10-08 |
| NARASIMHAN, Glordiola | Director | 2021-11-30 | 2022-03-23 |
| PATEL, Dipesh Ishwerbhai | Director | 2020-10-02 | 2021-11-30 |
| PORTHOUSE, Christopher Frederick | Director | 2018-06-01 | 2020-03-31 |
| PULLEN, Timothy Neil | Director | 2018-06-01 | 2018-12-03 |
| RAJAH, Anna-Marie | Director | 2020-10-02 | 2021-11-30 |
| ROSE, Zoe Ariadne Helen Sinead Begg | Director | 2020-10-02 | 2021-11-30 |
| SLORACH, Craig George | Director | 2019-09-01 | 2020-10-02 |
| STEVEN, Alexander John | Director | 2000-10-05 | 2011-10-11 |
| TAN, Soo Hsien | Director | 2018-06-01 | 2018-09-05 |
| WESTHEAD, Adam David | Director | 2022-03-23 | 2022-10-08 |
| STEPHEN MABBOTT LTD. | Corporate Nominee Director | 2000-10-05 | 2000-10-05 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Tennant Bidco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-10-08 | Active |
| Softbank Group Capital Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-11-30 | Ceased 2022-10-08 |
| Arm Limited | Corporate entity | Significant influence | 2018-06-01 | Ceased 2022-02-15 |
| Mr Nigel Andrew Chadwick | Individual | Shares 25–50% | 2016-10-01 | Ceased 2018-06-01 |
| Mr Kevin Mcdowall | Individual | Shares 25–50% | 2016-10-01 | Ceased 2018-06-01 |
Filing timeline
Last 20 of 158 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-22 | AA | accounts | Accounts with accounts type full | |
| 2025-10-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-11 | AA | accounts | Accounts with accounts type full | |
| 2024-10-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-14 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-03-05 | AA | accounts | Accounts with accounts type full | |
| 2024-01-03 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-08-10 | AP01 | officers | Appoint person director company with name date | |
| 2023-04-06 | AA | accounts | Accounts with accounts type full | |
| 2022-11-04 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-11-04 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-10-11 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2022-10-11 | AP01 | officers | Appoint person director company with name date | |
| 2022-10-11 | AP01 | officers | Appoint person director company with name date | |
| 2022-10-11 | AP01 | officers | Appoint person director company with name date | |
| 2022-10-11 | AP01 | officers | Appoint person director company with name date | |
| 2022-10-11 | AP01 | officers | Appoint person director company with name date | |
| 2022-10-11 | TM01 | officers | Termination director company with name termination date | |
| 2022-10-11 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.