UK Companies House feature
FOMTECH LIMITED
Cash
£2M
-44% vs 2023
Net assets
£11M
+21% vs 2023
Employees
93
-1.1% vs 2023
Profit before tax
—
Period ending 2024-08-31
Profile
- Company number
- 10343956
- Status
- Active
- Incorporation
- 2016-08-24
- Last accounts made up
- 2024-08-31
- Account category
- GROUP
- Primary SIC
- 62090
Net assets
3-year trend · vs UK AI & Enterprise SaaS median
Accounts
3-year trend · latest 2024-08-31
| Metric | Trend | 2022-08-31 | 2023-08-31 | 2024-08-31 |
|---|---|---|---|---|
| Turnover | — | £91,782 | £397,624 | |
| Operating profit | — | — | — | |
| Profit before tax | — | — | — | |
| Net profit | — | -£12,423,629 | £12,876,615 | |
| Cash | — | £4,419,035 | £2,476,349 | |
| Total assets less current liabilities | — | £9,492,567 | £11,481,368 | |
| Net assets | — | £9,492,567 | £11,481,368 | |
| Equity | £4,594,617 | £9,492,567 | £11,481,368 | |
| Average employees | — | 94 | 93 | |
| Wages | — | £8,343,676 | £8,442,775 |
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
- RSM UK Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The Directors, therefore, consider it appropriate to conclude that the business is a going concern but notes that the lack of committed funds represents a material uncertainty at the date of signing these financial statements.”
Subsidiaries
- Floww Markets Limited · 100% held · UK
- Floww Pool Limited · 100% held · UK
- Floww Trust Company Limited · 100% held · Jersey, Channel Islands
- Floww Private Markets US Inc. · 100% held · Delaware US
- Floww Funds Management Limited · 100% held · Jersey, Channel Islands
Significant events
- “In September 2024, the company used its own platform to raise share capital of £7.18 plus share premium of £567,812.17 for a total of 71,785 ordinary shares. In October 2024, the £15m Advance Subscription Agreement (ASA) with London Stock Exchange Group Holdings Limited, was approved by the FCA and 1,896,333 Series B shares were issued at £7.91 per share. An additional £1,488,188.86 has been committed in April 2025, with completion in progress at the time of signing these accounts.”
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
4 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| OHS SECRETARIES LIMITED | Corporate Secretary | 2022-02-17 | — | — |
| AKRAM, Umerah | Director | 2023-06-15 | Jan 1980 | British |
| DE WEVER, Martijn | Director | 2016-08-24 | Feb 1974 | Dutch |
| PILSWORTH, Alexander James | Director | 2022-12-07 | Apr 1969 | British |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| COEN, Filip | Director | 2016-08-24 | 2016-08-24 |
| FINCH, Simon Charles Jex | Director | 2022-12-07 | 2024-10-07 |
| HOGGETT, Julia Anne, Dame | Director | 2022-02-17 | 2024-06-04 |
| OSBORNE, Theo | Director | 2016-08-24 | 2016-08-24 |
| WALKER, Charles Peter | Director | 2024-03-08 | 2024-06-04 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| London Stock Exchange Group Holdings Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2023-02-08 | Active |
| Mr Martijn De Wever | Individual | Shares 25–50%, Voting 25–50% | 2016-08-24 | Ceased 2024-10-24 |
Filing timeline
Last 20 of 109 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2026-02-24 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2025-09-08 | CS01 | confirmation-statement | confirmation statement with updates |
| 2025-09-08 | CH01 | officers | change person director company with change date |
| 2025-08-12 | PSC07 | persons-with-significant-control | cessation of a person with significant control |
| 2025-08-05 | SH01 | capital | capital allotment shares |
| 2025-08-04 | RESOLUTIONS | resolution | resolution |
| 2025-08-04 | MA | incorporation | memorandum articles |
| 2025-08-04 | AA | accounts | accounts with accounts type group |
| 2024-10-27 | MA | incorporation | memorandum articles |
| 2024-10-27 | RESOLUTIONS | resolution | resolution |
| 2024-10-24 | SH01 | capital | capital allotment shares |
| 2024-10-18 | SH01 | capital | capital allotment shares |
| 2024-10-10 | TM01 | officers | termination director company with name termination date |
| 2024-09-26 | CS01 | confirmation-statement | confirmation statement with updates |
| 2024-07-22 | CH01 | officers | change person director company with change date |
| 2024-07-22 | CH01 | officers | change person director company with change date |
| 2024-07-09 | TM01 | officers | termination director company with name termination date |
| 2024-07-09 | TM01 | officers | termination director company with name termination date |
| 2024-06-11 | AP01 | officers | appoint person director company with name date |
| 2024-05-24 | AAMD | accounts | accounts amended with accounts type group |
Credit score
Altman Z″ — composite of working capital, retained earnings, EBIT, and leverage
Activity Score
Filings velocity, capital events, officer churn, accounts trajectory