PHOTON INTERACTIVE UK LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-07-25 (in 2mo)
Last made up 2025-07-11
Watchouts
None on the register
Cash
£9M
-30.5% vs 2023
Net assets
£81M
+10.2% vs 2023
Employees
4,015
-1.7% vs 2023
Profit before tax
£39M
+0.9% vs 2023
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £178,593,413 | £166,020,766 | |
| Operating profit | £37,427,789 | £38,638,881 | |
| Profit before tax | £38,468,557 | £38,800,898 | |
| Net profit | £28,819,282 | £26,882,146 | |
| Cash | £13,274,840 | £9,229,099 | |
| Total assets less current liabilities | £84,789,726 | £91,669,097 | |
| Net assets | £73,715,623 | £81,233,308 | |
| Equity | £73,715,623 | £81,233,308 | |
| Average employees | 4,084 | 4,015 | |
| Wages | £91,864,566 | £83,367,475 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 21.0% | 23.3% | |
| Net margin | 16.1% | 16.2% | |
| Return on capital employed | 44.1% | 42.2% | |
| Gearing (liabilities / total assets) | 32.4% | 29.4% | |
| Current ratio | 3.85x | 4.22x | |
| Interest cover | 77.22x | 18.48x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Moore Kingston Smith LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The management's assessment of future cash flows for a period of 12 months from the date of approval of these financial statements have a reasonable expectation that, the Group and the Company will have sufficient funds through its operations to meet its liabilities as they fall due for that period. Consequently, the directors are confident that the Group and the Company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of financial statements and therefore have prepared the financial statements on a going concern basis.”
Group structure
- PHOTON INTERACTIVE UK LIMITED · parent
- North America Photon Infotech Limited 100%
- Photon Interactive Private Limited 100%
- Photon Infotech Inc. 100%
- Photon Interactive Canada Inc. 100%
- Photon.com Pte Ltd 100%
- Photon Interactive México, S. De R.L. De C.V 100%
- Photon Interactive Services Inc. 100%
- PT. Photon Interactive Indonesia 100%
- P.T. Photon Labs Indonesia 100%
- Photon Interactive Services DWC-LLC 100%
Significant events
- “The profit for the year dropped by $2.61 million, mainly due to a decline in top-line.”
- “As at December 31, 2024, the Group had net assets of $109,583,732 (December 31, 2023: $99,442,376). There were significant investments made in mutual funds during the year 2024.”
- “Shareholder related matter: The Company and its founders are named defendants in two legal proceedings in Indian courts, related to the July 2013 acquisition of the software business of Photon Infotech Private Limited, or PIPL, by Photon Interactive Private Limited, or Photon Interactive, our Indian subsidiary, pursuant to a business transfer agreement dated March 27, 2013, or the BTA, for a fixed consideration of $6.84 million... During the year 2024, Medici filed withdrawal Memo with the Hon'ble Additional Commercial Court, Egmore, Chennai and consequently, the suit was dismissed as withdrawn. In addition to the action pending in the Commercial Disputes Court, Medici filed a petition dated February 15, 2017 before the National Company Law Tribunal...”
- “On January 31, 2024, the Board of Directors of the Company deliberated and unanimously approved a downward revision of the strike price of grants of options made in 2022 & 2023 to various employees of the Group from $12.40 and $9.20 respectively, to $8.00 to represent a realistic current value and avoid undue financial loss to the earlier grantees.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BALASUBRAMANIAN, Mukund | Director | 2017-07-12 | Dec 1976 | Indian |
| BALASUBRAMANIAN, Srinivas | Director | 2017-07-12 | Jun 1974 | Indian |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MODI, Saket Asit | Director | 2017-08-30 | 2021-08-31 |
| O'MEARA, Christopher Gerard | Director | 2019-04-01 | 2026-02-06 |
| VENKATESH, Gopalakrishnan | Director | 2019-04-01 | 2026-02-06 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Srinivas Balasubramanian | Individual | Shares 50–75%, Voting 50–75%, Appoints directors | 2017-07-12 | Active |
| Mr Mukund Balasubramanian | Individual | Shares 25–50%, Voting 25–50% | 2017-07-12 | Active |
Filing timeline
Last 20 of 64 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-04 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-04 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-22 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-10-21 | CH01 | officers | Change person director company with change date | |
| 2025-10-21 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-10-20 | CH01 | officers | Change person director company with change date | |
| 2025-10-20 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-10-20 | CH01 | officers | Change person director company with change date | |
| 2025-10-20 | CH01 | officers | Change person director company with change date | |
| 2025-10-20 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-09-30 | AA | accounts | Accounts with accounts type group | |
| 2025-07-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-02 | AA | accounts | Accounts with accounts type group | |
| 2024-07-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-05 | AA | accounts | Accounts with accounts type group | |
| 2023-09-14 | CH01 | officers | Change person director company with change date | |
| 2023-09-14 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2023-08-18 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2023-08-17 | CH01 | officers | Change person director company with change date | |
| 2023-08-17 | PSC04 | persons-with-significant-control | Change to a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 12
- Capital events
- 0
- Officers appointed
- 0
- 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
-7%
£178,593,413 £166,020,766
-
Cash
-30.5%
£13,274,840 £9,229,099
-
Net assets
+10.2%
£73,715,623 £81,233,308
-
Employees
-1.7%
4,084 4,015
-
Operating profit
+3.2%
£37,427,789 £38,638,881
-
Profit before tax
+0.9%
£38,468,557 £38,800,898
-
Wages
-9.2%
£91,864,566 £83,367,475
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers