COVEO EMEA LTD

1. COVEO EMEA LTD 2026-04-01 → present
2. QUBIT DIGITAL LTD 2010-01-05 → 2026-04-01

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

Standalone (parent only)

Auditor

MHA

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have considered the Company's results and the results of the wider group for the year ended 31 March 2025, its projected performance, and cash forecasts for an extended period through FY26, and the wider Group’s ongoing cash and financing requirements. On the basis of their assessment of the Group's financial position and resources, the directors believe that the Company and Group are well placed to manage the business and financial risks, going forward.”

Group structure

1. COVEO EMEA LTD · parent
   1. Qubit Digital Germany GmbH 100% · Germany · Digital strategy consultancy and technology solutions
   2. Qubit Digital France SAS

Significant events

• “Following the acquisition of the Company by Coveo Solutions Inc. (Coveo) in October 2021, investments were made to integrate some of the features of the Qubit platform within Coveo's platform.”
• “During recent fiscal years, the Company decided to reduce investments in certain Qubit product capabilities. This decision resulted in customer attrition and impacted revenue as described below. The Company will continue developing new capabilities for the Coveo platform, in particular related to eCommerce.”
• “During the last fiscal year, the Company experienced customer attrition as a result of the decisions to reduce investments in certain legacy Qubit product capabilities. This decision, resulted in a decrease in revenue by 47% as compared to the 12 months ended March 31, 2024.”
• “Moreover the Company reduced its sales and marketing expenses as well as its administrative expenses as compared to the prior period, mainly driven by the synergies from the acquisition of the Company by Coveo and the investment decisions made by the Company.”
• “In October 2021, the company was acquired by Coveo Solutions UK Limited, a subsidiary of Coveo Solutions Inc.”
• “During the fiscal year ended 31 March 2025, the subsidiary company Qubit France SAS was dissolved as of 30 April 2024.”

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

Filings

11

last 12 months

Capital events

0

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

  -47%

  £8,235,000 → £4,363,000

• Cash

  -17.6%

  £2,984,000 → £2,460,000

• Net assets

  +3.4%

  £12,963,000 → £13,402,000

• Employees

  -17.1%

  35 → 29

• Operating profit

  -62.6%

  £1,272,000 → £476,000

• Profit before tax

  -71.8%

  £1,629,000 → £460,000

• Wages

  -12.2%

  £3,129,000 → £2,746,000

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