CLAS-SIC WAFER FAB 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

  -14.8%

  £9,797,272 → £8,351,170

• Cash

  +4,901.2%

  £218,558 → £10,930,557

• Net assets

  +31%

  £22,501,810 → £29,477,050

• Employees

  -2.6%

  78 → 76

• Operating profit

  +23.1%

  -£4,266,165 → -£3,281,743

• Profit before tax

  +23%

  -£4,273,204 → -£3,289,113

• Wages

  0%

  £3,305,770 → £3,306,722

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

Thomson Cooper

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.”

Significant events

• “After completing construction on the UK manufacturing facility late 2019, Clas-SiC Wafer Fab Limited has been engaged in the development of new silicon carbide process modules and process design kits for power MOSFETs and diodes, which due to their energy efficiency enable green energy applications such as electrification of transport and renewable energy.”
• “The company expanding its customer base to a wider global presence into South America and a strengthening base in Europe.”
• “Clas-SiC have also entered early engagement contracts during FY25, with a similar arrangement, for a fab in India and one in Eastern Europe.”
• “Clas-SiC experienced 6.5x growth in 2022-23 as the company established and qualified its PDK platforms for Diode and MOSFET and concentrated on low-rate production, design and prototyping, and licensing with its customers.”
• “In October 2024, Clas-SiC signed a significant investment agreement with Archean Chemical Industries Limited (ACIL) for £10m to be invested in capex for technology expansion, along with a £2m loan for operating expenses and capital equipment.”
• “Clas-SiC secured investment during FY24 to fund CapEx for next generation technology tooling.”
• “This investment is projected to be 'topped' up by grant funding from the UK and Scottish Governments. Although not yet concluded to contract, both appear to be promising.”
• “During the year, the company issued 1,851,852 A-0 Ordinary shares of £0.01 each for £5.40 being an equity investment from Archean Chemical Industries Limited.”
• “The company also issued 226,710 B Ordinary shares which were issued at par value.”
• “Other loans comprises of a loan from C J & M Holdings LP advanced during the year of £1,200,000 and loan notes advanced by Archean Chemical Industries Limited of £2,000,000.”

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

Filings

6

last 12 months

Capital events

5

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.