UK Companies House feature
NAPIER TECHNOLOGIES LIMITED
Cash
£1M
+272.9% vs 2023
Net assets
-£33M
-36% vs 2023
Employees
176
-9.7% vs 2023
Profit before tax
—
Period ending 2024-12-31
Profile
- Company number
- 09901129
- Status
- Active
- Incorporation
- 2015-12-03
- Last accounts made up
- 2024-12-31
- Account category
- GROUP
- Primary SIC
- 62012
Net assets
5-year trend · vs UK AI & Enterprise SaaS median
Accounts
5-year trend · latest 2024-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | |
| Operating profit | — | — | — | — | — | |
| Profit before tax | — | — | — | — | — | |
| Net profit | — | -£5,216,105 | — | -£10,881,781 | -£14,473,604 | |
| Cash | — | £2,936,192 | — | £296,367 | £1,105,067 | |
| Total assets less current liabilities | — | £16,819,989 | — | -£13,670,116 | £4,822,913 | |
| Net assets | — | -£4,114,150 | — | -£23,982,897 | -£32,617,436 | |
| Equity | £661,746 | -£4,114,150 | -£13,157,027 | -£23,982,897 | -£32,617,436 | |
| Average employees | — | 141 | — | 195 | 176 | |
| Wages | — | — | — | — | £11,166,703 |
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
- Reporting scope
- Consolidated (group)
- Auditor
- Hazlewoods LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have prepared cash flow forecasts for the Group for more than 12 months from the approval of these financial statements. After reviewing the Group's forecasts, and on the assumption that primary shareholder continues to support the Group, which they have indicated an intention to do, the directors have a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future. The Group therefore continues to adopt the going concern basis in preparing its financial statements.”
Subsidiaries
- Napier Technologies Pte Ltd · 1% held · Singapore · provision of anti-money laundering compliance software
- Napier Technologies Pty Ltd · 1% held · Tasmania · provision of anti-money laundering compliance software
- Napier Technologies (US) Inc · 1% held · United States · provision of anti-money laundering compliance software
- Napier Technologies SDN. BHD · 1% held · Malaysia · provision of anti-money laundering compliance software
Significant events
- “In January 2025, 100% of the ordinary shares of Napier Technologies Limited was acquired by Lapis Bidco Ltd, a company ultimately controlled by Marlin Equity Partners. As part of this transaction, the borrowings held by the company were refinanced under equivalent facilities advanced by a fund controlled by Marlin Equity Partners.”
- “On 31 January 2025, 266,215 ordinary shares with a nominal value of £0.0001 each were allotted for total consideration of £1.1 million, comprising the exercise of share options associated with the above transaction.”
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
2 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PAQVALÉN, Kenneth Kristoffer | Director | 2025-09-27 | Jan 1977 | Finnish |
| WATSON, Gregory Charles Crawford | Director | 2022-03-29 | Jul 1973 | New Zealander |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DIXON, Julian Andrew | Secretary | 2015-12-03 | 2022-03-29 |
| STYLES, Ryan | Secretary | 2022-03-29 | 2025-06-17 |
| DIXON, Julian Andrew | Director | 2015-12-03 | 2025-01-31 |
| GRAY, Sebastian Christopher | Director | 2020-05-22 | 2025-01-31 |
| HOWARD, Rosa Kathleen | Director | 2017-02-02 | 2025-01-31 |
| MILLER, Robert James | Director | 2016-11-30 | 2025-01-31 |
| SMITH, Neil James | Director | 2018-11-21 | 2025-01-31 |
| STYLES, Ryan | Director | 2025-01-31 | 2025-06-17 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Lapis Bidco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2025-01-31 | Active |
| Mr Sebastian Christopher Gray | Individual | Shares 25–50%, Voting 25–50% | 2018-11-09 | Ceased 2025-01-31 |
| Mr Robert James Miller | Individual | Shares 50–75%, Voting 50–75% | 2016-12-12 | Ceased 2018-11-09 |
Filing timeline
Last 20 of 138 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2026-03-12 | AD03 | address | move registers to sail company with new address |
| 2026-03-12 | AD02 | address | change sail address company with new address |
| 2026-03-06 | RESOLUTIONS | resolution | resolution |
| 2026-01-03 | MA | incorporation | memorandum articles |
| 2026-01-02 | RP01CS01 | confirmation-statement | replacement filing of confirmation statement with made up date |
| 2025-12-28 | SH10 | capital | capital variation of rights attached to shares |
| 2025-12-28 | SH08 | capital | capital name of class of shares |
| 2025-12-23 | SH01 | capital | capital allotment shares |
| 2025-10-15 | AD01 | address | change registered office address company with date old address new address |
| 2025-10-10 | AD01 | address | change registered office address company with date old address new address |
| 2025-09-30 | AA | accounts | accounts with accounts type group |
| 2025-09-29 | TM01 | officers | termination director company with name termination date |
| 2025-09-29 | TM02 | officers | termination secretary company with name termination date |
| 2025-09-28 | AP01 | officers | appoint person director company with name date |
| 2025-07-17 | CS01 | confirmation-statement | confirmation statement |
| 2025-03-17 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2025-03-17 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2025-03-17 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2025-03-17 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2025-03-11 | PSC02 | persons-with-significant-control | notification of a person with significant control |
Credit score
Altman Z″ — composite of working capital, retained earnings, EBIT, and leverage
Activity Score
Filings velocity, capital events, officer churn, accounts trajectory