NAPIER TECHNOLOGIES LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-07-17 (in 2mo)
Last made up 2025-07-03
Watchouts
Cash
£1M
+272.9% vs 2023
Net assets
-£33M
-36% lowest in 3 filed years
Employees
176
-9.7% vs 2023
Profit before tax
—
Period ending 2024-12-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
5-year trend · vs Technology median
Accounts
5-year trend · latest reflected 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 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
- 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.”
Group structure
- NAPIER TECHNOLOGIES LIMITED · parent
- Napier Technologies Pte Ltd 1%
- Napier Technologies Pty Ltd 1%
- Napier Technologies (US) Inc 1%
- Napier Technologies SDN. BHD 1%
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 and subsidiary information is drawn from the narrative of the latest annual accounts. 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 |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 15
- Capital events
- 3
- Officers appointed
- 1
- Officers resigned
- 2
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
+272.9%
£296,367 £1,105,067
-
Net assets
-36%
-£23,982,897 -£32,617,436
lowest in 3 filed years
-
Employees
-9.7%
195 176
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