QIO TECHNOLOGIES LTD
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-01-12 (in 8mo)
Last made up 2025-12-29
Watchouts
Cash
£337K
-88.4% vs 2023
Net assets
-£6M
-254.8% lowest in 4 filed years
Employees
28
-39.1% vs 2023
Profit before tax
—
Period ending 2024-12-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The Group will continue to seek additional fundraising to support its commercial activities. The directors have a track record of successfully raising funds from both new and existing shareholders. Accordingly, the directors consider it appropriate to prepare the financial statements on a going concern basis, while acknowledging that a material uncertainty exists regarding the success, scale, and timing of future fundraising.
Net assets
7-year trend · vs Technology median
Accounts
7-year trend · latest reflected 2024-12-31
| Metric | Trend | 2021-01-01 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | — | — | |
| Operating profit | — | — | — | — | — | — | — | |
| Profit before tax | — | — | — | — | — | — | — | |
| Net profit | — | -£2,461,087 | — | -£1,857,212 | — | -£4,259,857 | -£4,491,276 | |
| Cash | — | £711,971 | — | £261,358 | — | £2,897,634 | £336,563 | |
| Total assets less current liabilities | — | £26,363 | — | -£1,399,013 | — | £1,915,165 | -£1,817,869 | |
| Net assets | — | -£3,958,596 | — | -£1,618,209 | — | -£1,736,970 | -£6,163,314 | |
| Equity | -£3,608,370 | -£3,958,596 | -£3,958,596 | -£1,618,209 | -£1,618,209 | -£1,736,970 | -£6,163,314 | |
| Average employees | — | 27 | — | 0 | — | 46 | 28 | |
| 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
Audit & accounting basis
- Accounting basis
- FRS 102 §1A
- Reporting scope
- Consolidated group
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- James Cowper Kreston Audit
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The Group will continue to seek additional fundraising to support its commercial activities. The directors have a track record of successfully raising funds from both new and existing shareholders. Accordingly, the directors consider it appropriate to prepare the financial statements on a going concern basis, while acknowledging that a material uncertainty exists regarding the success, scale, and timing of future fundraising.”
Group structure
- QIO TECHNOLOGIES LTD · parent
- QiO Technologies Gmbh 100%
- QiO Technologies (US) Limited Inc 100%
- QiO Technologies India Private Ltd 100%
Significant events
- “Following the year end, QiO Technologies has issued additional convertible loan notes of $650,000 with WAVE Equity Partners LLC.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BOURTON, Gary | Secretary | 2025-04-11 | — | — |
| BOURTON, Gary | Director | 2025-04-11 | Feb 1972 | British |
| PARKER, Ryan | Director | 2024-11-07 | Mar 1973 | American |
| RANICH, Rebecca | Director | 2023-11-02 | Jul 1957 | American |
| ROBINSON, Mark Ivers | Director | 2022-12-23 | Sep 1963 | American |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BIRCH, Edward | Secretary | 2020-01-01 | 2023-07-13 |
| MILLICAN, Thomas James | Secretary | 2023-07-13 | 2025-03-03 |
| BUCKLAND, Timothy Andrew | Director | 2014-12-29 | 2015-01-30 |
| HAYTHORNTHWAITE, Richard Neil | Director | 2015-01-30 | 2023-12-21 |
| KHUTI, Bharat Abna | Director | 2015-01-30 | 2022-06-29 |
| MILLICAN, Thomas James | Director | 2024-11-07 | 2025-03-03 |
| PANDHARE, Rajendra | Director | 2020-11-02 | 2023-12-15 |
| SAHAY, Praveen Kant | Director | 2022-12-23 | 2023-11-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Wave Equity Fund Iii, Lp | Corporate entity | Shares 25–50%, Voting 25–50% | 2023-10-20 | Active |
| Mr Bharat Asna Khuti | Individual | Voting 25–50% | 2016-04-06 | Ceased 2022-12-23 |
Filing timeline
Last 20 of 81 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-09 | CH03 | officers | Change person secretary company with change date | |
| 2025-09-09 | AA | accounts | Accounts with accounts type group | |
| 2025-04-15 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-04-15 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-11 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-03-11 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-15 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-15 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-29 | RESOLUTIONS | resolution | Resolution | |
| 2024-04-08 | AA | accounts | Accounts with accounts type group | |
| 2024-01-31 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-01-30 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-01-30 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-01-29 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2023-12-22 | TM01 | officers | Termination director company with name termination date | |
| 2023-12-22 | TM01 | officers | Termination director company with name termination date | |
| 2023-11-15 | AP01 | officers | Appoint person director company with name date | |
| 2023-11-14 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- 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
-88.4%
£2,897,634 £336,563
-
Net assets
-254.8%
-£1,736,970 -£6,163,314
lowest in 4 filed years
-
Employees
-39.1%
46 28
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