KWALEE LTD
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Next accounts due
2027-03-31 (in 10mo)
Last filed for 2025-06-30
Confirmation statement due
2026-06-09 (in 1mo)
Last made up 2025-05-26
Watchouts
None on the register
Cash
£4M
+35.6% vs 2024
Net assets
-£35M
-123.5% vs 2024
Employees
348
-1.4% vs 2024
Profit before tax
-£20M
-78.3% vs 2024
Name history
Renamed 1 time since incorporation
- KWALEE LTD 2011-09-01 → present
- PERFECT APPS LIMITED 2011-05-26 → 2011-09-01
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2025-06-30
| Metric | Trend | 2024-06-30 | 2025-06-30 |
|---|---|---|---|
| Turnover | £32,269,000 | £28,803,000 | |
| Operating profit | -£9,763,000 | -£12,176,000 | |
| Profit before tax | -£11,059,000 | -£19,718,000 | |
| Net profit | -£10,244,000 | -£19,289,000 | |
| Cash | £2,869,000 | £3,890,000 | |
| Total assets less current liabilities | -£14,725,000 | -£34,683,000 | |
| Net assets | -£15,801,000 | -£35,312,000 | |
| Equity | -£15,801,000 | -£35,312,000 | |
| Average employees | 353 | 348 | |
| Wages | £8,935,000 | £8,157,000 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-06-30 | 2025-06-30 |
|---|---|---|---|
| Operating margin | -30.3% | -42.3% | |
| Net margin | -31.7% | -67.0% | |
| Return on capital employed | 66.3% | 35.1% | |
| Gearing (liabilities / total assets) | 204.5% | 272.2% | |
| Current ratio | 0.28x | 0.19x | |
| Interest cover | -7.64x | -4.65x |
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.
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Consolidated group
- Auditor
- PKF Smith Cooper Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Group continues to adopt the going concern basis. Multi-year forecasts and projections show adequate resources. The majority shareholder confirmed willingness to provide further funding and will not call Director loans unless the Group has sufficient cash.”
Group structure
- KWALEE LTD · parent
- Kwalee India Private Limited 100%
- Beijing Kwalee Software Technology Ltd 100%
- Tictales SAS 100%
- Kwalee Unipessoal Lda 100%
Significant events
- “Loss after tax for the year was £19.5m (2024: loss of £10.2m). The increase in loss was predominantly due to exceptional costs and asset impairments.”
- “The year ended 30 June 2025 continued to be a challenging period for the global video games industry, characterised by heightened competition, rising user acquisition costs, and difficulties in game discovery across digital platforms.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DARLING, David | Director | 2011-05-26 | Jun 1966 | British |
| DARLING, James Raymond | Director | 2012-01-27 | Aug 1940 | British |
| FALCUS, Jason | Director | 2020-09-10 | Nov 1969 | British |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| POWELL, Jane | Secretary | 2022-07-29 | 2023-11-14 |
| WATERSTONE COMPANY SECRETARIES LTD | Corporate Secretary | 2020-11-25 | 2022-06-26 |
| AHERNE, Thomas Liam | Director | 2020-09-10 | 2023-04-25 |
| BAYNES, David Graham | Director | 2020-08-03 | 2024-09-30 |
| BENNETT, Simon Charles | Director | 2020-09-01 | 2024-10-16 |
| FARROW, Matthew James | Director | 2023-01-19 | 2025-08-31 |
| PAYNE, Nigel Terrence | Director | 2020-09-01 | 2024-09-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr David Darling | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-05-26 | Active |
Filing timeline
Last 20 of 95 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-05-19 RESOLUTIONS Resolution
- 2022-09-05 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-06 | AA | accounts | Accounts with accounts type group | |
| 2025-09-18 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-07 | AA | accounts | Accounts with accounts type group | |
| 2024-11-06 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-06 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-06 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-06 | AA | accounts | Accounts with accounts type group | |
| 2023-11-14 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-06-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-19 | RESOLUTIONS | resolution | Resolution | |
| 2023-04-26 | TM01 | officers | Termination director company with name termination date | |
| 2023-03-23 | AA | accounts | Accounts with accounts type group | |
| 2023-02-10 | AP01 | officers | Appoint person director company with name date | |
| 2022-09-05 | RESOLUTIONS | resolution | Resolution | |
| 2022-08-04 | AP03 | officers | Appoint person secretary company with name date | |
| 2022-06-28 | TM02 | officers | Termination secretary company with name termination date | |
| 2022-06-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-04-05 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2024 → FY2025 · period ending 2025-06-30 vs 2024-06-30
-
Turnover
-10.7%
£32,269,000 £28,803,000
-
Cash
+35.6%
£2,869,000 £3,890,000
-
Net assets
-123.5%
-£15,801,000 -£35,312,000
-
Employees
-1.4%
353 348
-
Operating profit
-24.7%
-£9,763,000 -£12,176,000
-
Profit before tax
-78.3%
-£11,059,000 -£19,718,000
-
Wages
-8.7%
£8,935,000 £8,157,000
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