Profile

Company number
10165711
Status
Active
Incorporation
2016-05-06
Last accounts made up
2024-12-31
Account category
GROUP
Primary SIC
62090
Hubs
UK AI & Enterprise SaaS

Accounts

Pending extraction

No iXBRL extracted yet for this company.

Audit & accounting basis

From AI-extracted PDF accounts

Accounting basis
FRS 102
Reporting scope
Consolidated (group)
Auditor
PricewaterhouseCoopers LLP
Audit opinion
Unqualified (clean)
Going concern
Affirmed

“At 31 December 2024, the Group had recorded a loss for the year of $657.3m (2023: $1,492.2m), resulting in net liabilities of $4,214.6m at 31 December 2024 (2023: $3,583.3m). The directors prepared cash flow forecasts and a severe but plausible downside scenario covering a period of at least 12 months from the date of the approval of the financial statements. The Group has received confirmation from its ultimate parent company ByteDance Ltd. indicating that it will continue to fund its future operations so that it can discharge its liabilities as they fall due for a period of at least 12 months from the date of the approval of these financial statements. The ultimate parent company will support the Group to the extent needed to ensure it can meet its financial obligations; furthermore, the ultimate parent company will ensure that no amounts due to be repaid to other ByteDance group companies within this period will be repaid unless there are funds available to do so without causing any financial harm to the Group, including any potential contingent liabilities that could arise in the future. In assessing the ultimate parent company's ability to provide this support, the directors have thoroughly considered the available sources of funds from the financial support of ultimate parent company, including the assessment of any payments to settle claims disclosed under provisions and contingent liabilities (note 17). Therefore, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”

Subsidiaries

Significant events

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

3 active · 4 resigned

Name Role Appointed Born Nationality
LAW, Alistair Stefan Director 2025-07-08 Apr 1984 British
WILK, Jan-Martin Philip Vincent Director 2025-12-01 Jul 1991 German
WLAZIK, Thomas Markus Friedrich Director 2026-03-16 Aug 1981 German
Show 4 resigned officers
Name Role Appointed Resigned
FU, Sheng Director 2016-05-06 2017-12-05
PRESSER, Adam Michael Director 2023-07-27 2026-01-13
VEKARIA, Harsh Govind Director 2023-12-29 2025-07-08
ZHAO, Tian Director 2017-12-05 2023-07-27

Ownership

Persons with significant control

Name Kind Nature of control Notified Status
Mr Yiming Zhang Individual Shares 25–50%, Voting 50–75% 2017-12-05 Active
Sheng Fu Individual Significant influence 2016-05-06 Ceased 2017-12-05

Filing timeline

Last 20 of 66 total filings

Date Type Category Description
2026-04-09 PSC04 persons-with-significant-control change to a person with significant control
2026-03-17 AP01 officers appoint person director company with name date
2026-01-28 PSC04 persons-with-significant-control change to a person with significant control
2026-01-14 TM01 officers termination director company with name termination date
2025-12-18 SH01 capital capital allotment shares
2025-12-04 AP01 officers appoint person director company with name date
2025-11-11 CS01 confirmation-statement confirmation statement with no updates
2025-10-30 CH01 officers change person director company with change date
2025-08-20 AA accounts accounts with accounts type group
2025-07-08 TM01 officers termination director company with name termination date
2025-07-08 AP01 officers appoint person director company with name date
2024-11-12 CS01 confirmation-statement confirmation statement with no updates
2024-11-06 CH01 officers change person director company with change date
2024-10-08 AA accounts accounts with accounts type group
2024-07-20 PSC04 persons-with-significant-control change to a person with significant control
2024-07-18 PSC04 persons-with-significant-control change to a person with significant control
2024-07-17 PSC04 persons-with-significant-control change to a person with significant control
2024-01-10 CH01 officers change person director company with change date
2024-01-03 AP01 officers appoint person director company with name date
2023-11-14 CS01 confirmation-statement confirmation statement with no updates

Credit score

Altman Z″ — composite of working capital, retained earnings, EBIT, and leverage

Credit score requires extracted accounts data.

Activity Score

Filings velocity, capital events, officer churn, accounts trajectory

Activity Score not yet computed for this company.

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