ENSILICA PLC

• ⚠

  Material uncertainty over going concern

  The Group incurred an operating loss of £2.6 million; and generated cash flow from operations of £2.1 million for the year ended 31 May 2025, with a closing cash balance of £2.0 million. However, In the event of some of the cash flow forecast downside scenarios crystallising, the Company could be at risk of breaching its financial loan covenants if an accommodation with Bank of Scotland could not be reached. The ability to execute and realise revenues from ongoing long-term contracts or secure new contracts is uncertain. If key revenue generating project milestones are delayed then without amendment to the financial covenants the outstanding loan would become immediately repayable which would give rise to a material uncertainty, as defined in auditing and accounting standards, related to events or conditions that may cast significant doubt on the entity's ability to continue as a going concern and in such circumstances it may therefore be unable to realise its assets and discharge its liabilities in the normal course of business.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. ENSILICA PLC 2022-05-06 → present
2. ENSILICA LIMITED 2001-05-21 → 2022-05-06

Accounting basis

IFRS

Reporting scope

Consolidated group

Auditor

UHY Hacker Young LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Group incurred an operating loss of £2.6 million; and generated cash flow from operations of £2.1 million for the year ended 31 May 2025, with a closing cash balance of £2.0 million. However, In the event of some of the cash flow forecast downside scenarios crystallising, the Company could be at risk of breaching its financial loan covenants if an accommodation with Bank of Scotland could not be reached. The ability to execute and realise revenues from ongoing long-term contracts or secure new contracts is uncertain. If key revenue generating project milestones are delayed then without amendment to the financial covenants the outstanding loan would become immediately repayable which would give rise to a material uncertainty, as defined in auditing and accounting standards, related to events or conditions that may cast significant doubt on the entity's ability to continue as a going concern and in such circumstances it may therefore be unable to realise its assets and discharge its liabilities in the normal course of business.”

Group structure

1. ENSILICA PLC · parent
   1. EnSilica India Private Limited 99.99% · India · Semiconductor design consultants
   2. EnSilica ADAS Limited 100% · UK · Semiconductor design consultants (dormant)
   3. EnSilica Do Brasil Sociedade Unipessoal Limitada 100% · Brazil · Semiconductor design consultant
   4. EnSilica Germany GmbH 100% · Germany · Semiconductor design sales office
   5. EnSilica USA Inc 100% · USA · Semiconductor design sales office (dormant)

Significant events

• “A second industrial automation ASIC design and supply contract with Siemens.”
• “Awarded a £4.3 million security controller chip development under a UK Contract for Innovation from the Department for Science, Innovation and Technology targeting Critical National Infrastructure (CNI) application.”
• “A timing control ASIC design and supply contract valued at over $30 million.”
• “A Photonics Controller ASIC design and supply contract with Oriole Networks.”
• “An automotive and industrial ASIC design and supply contract worth over $31 million over seven years.”

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

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.