STORMAGIC LIMITED

1. STORMAGIC LIMITED 2008-01-07 → present
2. EXSEQUI LIMITED 2006-05-10 → 2008-01-07
3. STAPLE IT LIMITED 2006-02-13 → 2006-05-10

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

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Azets Audit Services

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors believe that the business has sufficient prospect of trade and cash reserves to continue to trade for a period of no less than twelve months from the approval of these accounts. Given the position of the group at the year end and since then, together with the group's business plans, the directors have prepared these accounts on a going concern basis, and are satisfied that the group will be able to meet its cash out-flows as they fall due for a period of no less that 12 months from approval of these financial statements. 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 and 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. STORMAGIC LIMITED · parent
   1. StorMagic Inc 100% · USA · Master distributor of hyperconverged storage software and services
   2. StorMagic Canada Inc 100% · Canada · Provider of management and development services

Significant events

• “During the year to 31 March 2025, the Group intentionally invested in long term growth initiatives to capture future market opportunities. These were created in part by market disruption following Broadcom's acquisition of VMware in November 2023.”

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

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

1

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

  —

  Not reported

• Cash

  -21.5%

  £802,263 → £630,118

• Net assets

  -22.1%

  -£2,340,242 → -£2,858,381

• Employees

  +6.8%

  44 → 47

• Wages

  +22.2%

  £2,826,121 → £3,454,480

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