QUADRISE PLC

1. QUADRISE PLC 2023-03-23 → present
2. QUADRISE FUELS INTERNATIONAL PLC 2006-04-19 → 2023-03-23
3. ZAREBA PLC 2004-12-02 → 2006-04-19
4. SHELLCO PLC 2004-10-22 → 2004-12-02

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

PKF Littlejohn LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have determined that, based on the forecasts up to 31 December 2027, the Group and Company can continue to operate as a going concern without further funding being required. However, notwithstanding the Board's confidence, there are currently no binding agreements in place in respect of commercial revenues.”

Group structure

1. QUADRISE PLC · parent
   1. Quadrise International Limited 100% · involved in the production and development of MSAR® and bioMSART™ emulsion fuel (along with supplying the associated technology to third parties) as a low-cost substitute for conventional heavy fuel oil for use in power generation plants and industrial and marine diesel engines.

Significant events

• “In January 2025 we completed a successful, oversubscribed fundraise, providing us with the financial strength to execute our business plan and enabling us to considerably strengthen the team.”
• “Dr. Linda Sorensen was appointed as Head of Marine, a newly created role aimed at accelerating our marine business, and seasoned shipping executive Tony Foster was appointed to the Board as a non-executive director.”
• “From 1 June, Jason Miles transitioned to the role of Chief Technology Officer to concentrate on technology development and project deployment, while we initiated the search for a new Chief Executive Officer.”
• “Earlier this month, we were pleased to announce the appointment of Peter Borup as CEO, effective 1 October.”
• “Most recently, we were pleased to confirm a successful trial at the Sparkle Power SA plant in Panama, which paves the way for commercial agreements and for discussions with other regional power producers.”
• “Following the signature of the MSC trial agreements in November, we have prepared the trial equipment and are now awaiting the signature of bilateral agreements between MSC and Cargill, and Quadrise and Cargill.”
• “Progress with Valkor Technologies has been hampered by slower than expected ramp-up in their oil production and the resulting financial constraints. ... a revised timetable was recently agreed regarding payment of the initial $350,000 licence fee originally due to the Company in January 2025 and the deployment of Quadrise equipment to site.”
• “Earlier this year the International Maritime Organization's (IMO) Marine Environment Protection Committee (MEPC) approved the Net-Zero Framework (NZF), a landmark global regulatory framework...”
• “The supply chain development process is being accelerated with the appointment of Phil Hill as Chief Commercial Officer who is now leading this process.”
• “On 15 September 2025, the Company announced the appointment of Peter Borup as Chief Executive Officer with effect from 1 October 2025.”
• “On 26 September 2025, the Company announced the signature of an addendum (the "Addendum") to the June 2023 Site License and Supply Agreement ("SLS Agreement") with Valkor Technologies LLC ("Valkor") in Utah, USA.”
• “On 4 July 2025, the Company announced the exercise of 15,858,604 options under the Employee Share Option Scheme ("EMI Scheme") and the Company's Unapproved Share Option Scheme 2016 ("USOP Scheme") at an exercise price of 1 pence per share.”

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

Filings

10

last 12 months

Capital events

5

last 24 months

Officers appointed

2

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

  —

  Not reported

• Cash

  +93.3%

  £3,048,000 → £5,892,000

• Net assets

  +51.1%

  £6,288,000 → £9,499,000

• Employees

  +11.1%

  9 → 10

• Operating profit

  -5.3%

  -£3,092,000 → -£3,255,000

• Profit before tax

  -4.8%

  -£3,069,000 → -£3,215,000

• Wages

  +5.7%

  £902,000 → £953,000

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