NUMERICAL ALGORITHMS GROUP LIMITED (THE)

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

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

Consolidated group

Auditor

Wenn Townsend

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the Director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.”

Group structure

1. NUMERICAL ALGORITHMS GROUP LIMITED (THE) · parent
   1. Numerical Algorithms Group Inc 100% · USA · computer software and services
   2. Nihon Numerical Algorithms Group KK 100% · Japan · computer software and services
   3. n2 Holdings LLC 100% · USA · holding company
   4. Strategic Technology Analysis Center LLC 100% · USA · performance testing
   5. BioTeam LLC 100% · USA · bioinformatics, research data management, cloud/HPC architecture and data-intensive workflows
   6. X-ISS LLC 100% · USA · managed HPC services, cluster management, analytics, and performance optimisation
   7. VSN International Limited 53% · UK · provision of data analytics and software services

Significant events

• “This financial year represented a period of significant transformation for the business. What began the year as nAG Limited, a long-established, global technical business, concluded the year as n² Group a long-term focused, adaptable and innovative group of highly technical, established companies, with a broader mandate, an expanded structure, and a long-term reinvestment-focused business model.”
• “The formation of n² Group represented the most significant structural change in the Group's history. During the year, the Group integrated existing operations from nAG Limited into a wider corporate framework and began onboarding additional companies into the portfolio.”
• “STAC, acquired during the year, is a leading independent benchmarking and technology performance research organisation for the financial-services sector.”
• “BioTeam, acquired during the year, is a scientific computing consultancy specialising in bioinformatics, research data management, cloud/HPC architecture and data-intensive workflows for biotechnology, pharmaceutical and academic organisations.”
• “X-ISS, acquired during the year, is a high-performance computing professional services firm headquartered in the United States.”
• “A controlling stake in VSNi, was also acquired during the year, it develops statistical and data-analysis software widely used in plant breeding, agriculture and biosciences.”

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

Filings

8

last 12 months

Capital events

0

last 24 months

Officers appointed

4

last 12 months

Officers resigned

2

last 12 months

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

• Turnover

  +83.6%

  £10,020,362 → £18,397,785

• Cash

  -14%

  £9,117,889 → £7,842,192

• Net assets

  +1.6%

  £17,603,119 → £17,890,694

  highest in 4 filed years

• Employees

  +92.2%

  64 → 123

• Operating profit

  -226.8%

  £394,284 → -£499,945

• Profit before tax

  -108.7%

  £2,506,966 → -£219,247

• Wages

  +94.1%

  £5,824,446 → £11,305,830

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers