UK Companies House feature
CASSINI SYSTEMS LIMITED
Cash
£773K
-51.5% vs 2023
Net assets
-£9M
-358.1% vs 2023
Employees
73
+5.8% vs 2023
Profit before tax
—
Period ending 2024-12-31
Profile
- Company number
- 08682150
- Status
- Active
- Incorporation
- 2013-09-09
- Last accounts made up
- 2024-12-31
- Account category
- GROUP
- Primary SIC
- 62012
Net assets
6-year trend · vs UK AI & Enterprise SaaS median
Accounts
6-year trend · latest 2024-12-31
| Metric | Trend | 2020-12-31 | 2021-06-30 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | — | |
| Operating profit | — | — | — | — | — | — | |
| Profit before tax | — | — | — | — | — | — | |
| Net profit | — | — | — | -£3,595,833 | -£6,769,869 | -£7,583,197 | |
| Cash | £125,843 | £135,165 | £8,060,339 | £3,437,136 | £1,593,574 | £772,912 | |
| Total assets less current liabilities | £1,838,006 | — | — | — | £1,552,252 | £400,987 | |
| Net assets | -£1,550,611 | -£3,396,794 | £7,776,876 | £4,451,630 | -£2,061,097 | -£9,442,581 | |
| Equity | — | — | — | — | -£2,061,097 | -£9,442,581 | |
| Average employees | 35 | 41 | 41 | 52 | 69 | 73 | |
| Wages | — | — | — | — | — | — |
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
Audit & accounting basis
From AI-extracted PDF accounts
- Accounting basis
- FRS 102 §1A
- Reporting scope
- Consolidated (group)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- Azets Audit Services
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”
Subsidiaries
- Cassini Systems Inc · 100% held · USA
- Cassini Systems Asia PTE Ltd · 100% held · Singapore
Significant events
- “After the year-end, the company has obtained additional finance in the form of convertible promissory notes from existing shareholders. To date, amounts of £2,142,971 ($2,500,000) have been received as part of a £4,696,059 ($6,000,000) facility.”
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
People
6 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SMITH, Neil Edwin | Secretary | 2015-03-25 | — | — |
| HUXLEY, Liam Yevgeni | Director | 2013-09-09 | Dec 1968 | British |
| KNAAP, Marc | Director | 2017-03-14 | Dec 1966 | Dutch |
| MERGELKAMP, Howard Alvin | Director | 2018-04-11 | Dec 1968 | American |
| PIAKER, Steven Frederick | Director | 2021-11-29 | Dec 1962 | American |
| SMITH, Neil Edwin | Director | 2015-03-25 | Mar 1971 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BAKER, Fiona Margaret | Director | 2015-03-23 | 2017-11-28 |
| KNAAP, Claudia Ann | Director | 2015-03-25 | 2017-03-14 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Liam Yevgeni Huxley | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2021-11-29 |
Filing timeline
Last 20 of 97 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2026-05-07 | CS01 | confirmation-statement | confirmation statement with updates |
| 2026-04-29 | CH01 | officers | change person director company with change date |
| 2026-04-29 | CH01 | officers | change person director company with change date |
| 2026-04-16 | SH01 | capital | capital allotment shares |
| 2026-04-09 | MA | incorporation | memorandum articles |
| 2026-04-08 | RESOLUTIONS | resolution | resolution |
| 2026-04-07 | MR04 | mortgage | mortgage satisfy charge full |
| 2026-04-07 | MR04 | mortgage | mortgage satisfy charge full |
| 2026-04-07 | MR04 | mortgage | mortgage satisfy charge full |
| 2026-03-30 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2025-06-05 | AA | accounts | accounts with accounts type group |
| 2025-05-29 | RESOLUTIONS | resolution | resolution |
| 2025-05-08 | CS01 | confirmation-statement | confirmation statement with updates |
| 2024-06-17 | AA | accounts | accounts with accounts type group |
| 2024-04-15 | CS01 | confirmation-statement | confirmation statement with updates |
| 2023-08-03 | AA | accounts | accounts with accounts type group |
| 2023-05-04 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2023-05-04 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2023-05-04 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2023-04-12 | CS01 | confirmation-statement | confirmation statement with updates |
Credit score
Altman Z″ — composite of working capital, retained earnings, EBIT, and leverage
Activity Score
Filings velocity, capital events, officer churn, accounts trajectory