THE AI CORPORATION LIMITED

• ◆

  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

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

IFRS

Reporting scope

Consolidated group

Auditor

Nortons Assurance Limited

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. 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 or the Parent Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. THE AI CORPORATION LIMITED · parent
   1. Iridium Corporation Ltd 100% · England and Wales · Dormant
   2. AI Corporation Payment Soloutions Limited 100% · Ireland · Provide support services to the group.
   3. Zap Managed Serviced Ltd 100% · England and Wales · Dormant

Significant events

• “In 2024, The ai Corporation Ltd (ai) sharpened its focus on the Retail Fuel and Mobility sector, reflecting our strategic intent to concentrate resources where we see the greatest long-term growth potential.”
• “As part of this evolution, we exited the payment gateway business to ensure our investments and expertise are fully aligned to the mobility ecosystem.”
• “A major milestone was the certification of our platform with Visa Fleet 2.0, marking a significant expansion of our capabilities within the fleet and mobility space.”
• “Operationally, 2024 saw further optimisation of our Agile delivery framework, enhancing our ability to support complex multi-market projects with predictable delivery and disciplined cost management.”

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

Filings

5

last 12 months

Capital events

0

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.

• Turnover

  +5.6%

  £9,864,497 → £10,416,225

• Cash

  -58%

  £2,385,033 → £1,001,193

• Net assets

  +48.4%

  -£2,490,035 → -£1,285,187

• Employees

  -6.7%

  104 → 97

• Operating profit

  +168.3%

  -£2,026,999 → £1,384,863

• Profit before tax

  +156.2%

  -£2,142,961 → £1,203,285

• Wages

  -4.1%

  £5,676,538 → £5,443,182

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