FACULTY SCIENCE LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Kreston Reeves Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have considered the future funding requirements of the business. Based on detailed financial forecasts, incorporating year-to-date performance, the directors have concluded that the Company has sufficient funds to ensure it can meet its financial liabilities as and when they fall due for the foreseeable future.”

Group structure

1. FACULTY SCIENCE LIMITED · parent
   1. Faculty Science Nominee Limited 100% · United Kingdom

Significant events

• “Founded in 2014, Faculty is one of Europe's leading applied Al companies. Our suite of Al services and product spans everything organisations need to access Frontier Al and get it into the hands of their teams to support their most important work.”
• “Widely recognised as a leader in Al safety, we work closely with the world's leading Al labs, such as OpenAl and Anthropic, to ensure their latest models are safe, human-led and explainable.”
• “Our expertise spans working with "boards", leadership teams and governments to develop a robust Al strategy, designing, building and implementing high-performing Al solutions, and equipping organisations with the knowledge and skills they need to thrive in the Al era.”
• “In November 2021, Faculty launched its new Energy Transition and Environment function. In April 2022, our Energy Transition and Environment function partnered with clean energy startup Drift Energy to develop an algorithm that enables a new method of renewable energy generation using modified sailing vessels.”
• “Through this collaboration, we are helping accelerate the global decarbonisation process by helping the hydrogen economy grow.”
• “Investment continued into Frontier. Frontier ensures an organisation's processes and workflows are connected, and then plugged into an interactive computational twin that can show the impact a decision will have across a company's entire system.”
• “Our work to help our clients apply Al to their business, focuses on 1) helping them understand how Al accelerates their overall strategy and 2) executing on that by designing and building high performance Al software and Al Agents, and implementing them into the core workflows that drive the business.”
• “Over the last couple of years, the rollout of Large Language Models has accelerated adoption into sectors like education, insurance and professional services, where processing of written information is a core part of their business operations.”
• “More recently we have started to support clients in sectors like energy and financial services to adopt Al Agents into their workflows. These agents are likely to have a huge impact on our clients and the wider economy, and will be an area of significant growth for us.”
• “Scaling Frontier continues to be front and centre of our strategy. Working with the NHS, expanding our private sector offering and partnering closely with Accenture and other partners. We will also be growing our red teaming offering, continuing to be a leading provider for Al services to the public sector, and growing our client base through longer term, high impact partnerships delivering Al driven change programmes.”

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

Filings

17

last 12 months

Capital events

9

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

  +29%

  £32,349,000 → £41,727,000

  highest in 4 filed years

• Cash

  -29.9%

  £17,047,000 → £11,954,000

• Net assets

  -17.2%

  £21,732,000 → £17,984,000

  lowest in 4 filed years

• Employees

  +21.6%

  306 → 372

  highest in 4 filed years

• Operating profit

  +4.9%

  -£4,433,000 → -£4,217,000

  highest in 4 filed years

• Profit before tax

  +7.5%

  -£4,151,000 → -£3,840,000

  highest in 4 filed years

• Wages

  +22.3%

  £26,095,000 → £31,921,000

  highest in 4 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