CASSINI SYSTEMS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-04-26 (in 11mo)
Last made up 2026-04-12
Watchouts
None on the register
Cash
£773K
-51.5% vs 2023
Net assets
-£9M
-358.1% lowest in 6 filed years
Employees
73
+5.8% highest in 6 filed years
Profit before tax
—
Period ending 2024-12-31
Net assets
6-year trend · vs Technology median
Accounts
6-year trend · latest reflected 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 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 | 2020-12-31 | 2021-06-30 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Current ratio | 2.42x | — | — | — | — | — |
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 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.”
Group structure
- CASSINI SYSTEMS LIMITED · parent
- Cassini Systems Inc 100%
- Cassini Systems Asia PTE Ltd 100%
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 and subsidiary information is drawn from the narrative of the latest annual accounts. 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
Material constitutional events — rename, articles re-file, resolution
- 2026-04-09 MA Memorandum articles
- 2026-04-08 RESOLUTIONS Resolution
- 2025-05-29 RESOLUTIONS Resolution
| 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 |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 13
- Capital events
- 1
- Officers appointed
- 0
- Officers resigned
- 0
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
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
—
Not reported
-
Cash
-51.5%
£1,593,574 £772,912
-
Net assets
-358.1%
-£2,061,097 -£9,442,581
lowest in 6 filed years
-
Employees
+5.8%
69 73
highest in 6 filed years
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