CAPPFINITY LIMITED

Company number

06802155

Status

Active

Incorporation

2009-01-27

Last accounts made up

2024-12-31

Account category

GROUP

Primary SIC

62012

Hubs

UK AI & Enterprise SaaS

Values shown as filed in iXBRL accounts. — indicates the figure was not present in the extracted filing (either not filed under that concept or absent from the period). About these numbers

Accounting basis

FRS 102

Reporting scope

Consolidated (group)

Auditor

Spencer Gardner Dickins (Audit Services) Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Group continues to deliver solid levels of growth resulting in an increase in turnover when compared to the prior year by 10%. Close control of overheads has significantly reduced losses and the Group maintains a very healthy cash balance of £9.3m at the year end and the business is forecasting to move into profitability in 2025. The directors are therefore confident that the Group has adequate resources and working capital to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”

Subsidiaries

• Cappfinity Inc. · 100% held · TX 77056
• Cappfinity PTY Ltd · 100% held · NSW 2000
• Cappfinity Ireland Limited · 100% held · Dublin 4, D04 W2F1

Significant events

• “The rate of inflation, the trajectory for interest rates, and the broader economic outlook is leading to some unknowns and uncertainties that inevitably create risk in the future outlook for all companies, including Cappfinity.”
• “This economic uncertainty has increased through the trade policy actions of the US administration. At the time of writing, this remains a significant uncertainty factor driving delayed decision making in investment and hiring across our markets.”
• “A major information security breach or technology issue is one of our most salient risks, managed through appropriate information security protocols including our compliance with accreditations for ISO 27001 and Cyber Essentials Plus, as well as regular client audits.”
• “Ensuring the further successful delivery and broader commercial realisation of the Cappfinity platform for talent lifecycle management, our major strategic initiative, and the focus of our growth equity investment.”
• “Navigating the changing balance of revenue recognition as we accelerate the growth of our SaaS revenues, while also recognising that this shift over time may lead to a reduction in revenue recognition for more immediate services delivery.”
• “On 22 September 2023 HSBC raised a fixed and floating charge at Companies House over the assets of the company in relation to guaranteeing a bond issued to an overseas customer.”

Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers