UK Companies House feature
NEXGEN CLOUD LIMITED
Cash
£3M
-74.3% vs 2023
Net assets
£52M
+98.8% vs 2023
Employees
11
+1,000% vs 2023
Profit before tax
-£19M
-375.4% vs 2023
Profile
- Company number
- 12556681
- Status
- Active
- Incorporation
- 2020-04-15
- Last accounts made up
- 2024-12-31
- Account category
- FULL
- Primary SIC
- 63110
Net assets
5-year trend · vs UK AI & Enterprise SaaS median
Accounts
5-year trend · latest 2024-12-31
| Metric | Trend | 2021-03-31 | 2022-03-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | |
| Operating profit | — | — | — | — | — | |
| Profit before tax | — | — | — | -£4,085,905 | -£19,423,124 | |
| Net profit | — | — | — | -£4,425,905 | -£19,083,124 | |
| Cash | £1,515,910 | £567,856 | £767,741 | £12,119,875 | £3,115,631 | |
| Total assets less current liabilities | £308,795 | £3,423,838 | £15,524,048 | £26,412,359 | £51,842,919 | |
| Net assets | £281,273 | £3,246,316 | — | £26,072,359 | £51,842,919 | |
| Equity | £281,273 | £3,246,316 | £15,524,048 | £26,072,359 | £51,842,919 | |
| Average employees | 1 | 0 | 0 | 1 | 11 | |
| Wages | — | — | — | £70,022 | £1,051,397 |
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
- Standalone (parent only)
- Auditor
- BKL Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis. The company reported net assets of $51,482,919 (2024: $26,072,359 as restated) despite incurring a loss for the year of $19,083,124 (2024: $4,425,905 as restated ). Management has prepared detailed cash flow forecasts and performed a review to support the going concern assumption. These forecasts indicate that the company has sufficient cash resources to meet its liabilities as they fall due for a period of at least twelve months from the date of approval of these financial statements. Accordingly, the directors consider it appropriate to prepare the financial statements on a going concern basis.”
Subsidiaries
- NGVP Cloud FIL SPV 1 Ltd · 100% held
- NGVP Cloud FIL SPV 1 Ltd · 84.09% held
- NGVP Cloud Ltd · 100% held
- NGVP Cloud Ltd · 100% held
- Infrahub Compute Ltd · 100% held
Significant events
- “To address these challenges and support future growth, the company successfully completed a Series A funding round, raising $45 million. This capital injection strengthens the balance sheet, with net assets increasing to $51.8 million (2023: $26.1 million), and positions the business to resume hardware sales and expand operations in the coming periods.”
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 · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MCMURDO, Douglas Iain | Director | 2025-01-02 | Aug 1968 | British |
| MOORE, James Raphael Stewart | Director | 2024-02-21 | Apr 1976 | British |
| STARKEY, Christopher William | Director | 2020-04-15 | Sep 1986 | British |
| TZANEV, Youlian Vladimirov | Director | 2026-01-27 | Feb 1987 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| A H MARTIN LIMITED | Corporate Secretary | 2020-10-04 | 2021-11-29 |
| HOLST, Keith Anthony | Director | 2024-06-18 | 2024-12-17 |
| WADE, Antony | Director | 2020-04-15 | 2026-01-27 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Bure Valley Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-04-15 | Active |
Filing timeline
Last 20 of 132 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2026-04-28 | SH01 | capital | capital allotment shares |
| 2026-04-19 | AP01 | officers | appoint person director company with name date |
| 2026-04-19 | TM01 | officers | termination director company with name termination date |
| 2026-04-16 | SH01 | capital | capital allotment shares |
| 2026-03-25 | RP01SH01 | miscellaneous | legacy |
| 2026-03-07 | MA | incorporation | memorandum articles |
| 2026-03-07 | RESOLUTIONS | resolution | resolution |
| 2026-01-07 | SH03 | capital | capital return purchase own shares |
| 2025-12-24 | AA | accounts | accounts with accounts type full |
| 2025-12-23 | SH06 | capital | capital cancellation shares |
| 2025-12-17 | SH01 | capital | capital allotment shares |
| 2025-12-09 | PSC05 | persons-with-significant-control | change to a person with significant control |
| 2025-12-03 | PSC05 | persons-with-significant-control | change to a person with significant control |
| 2025-10-31 | RESOLUTIONS | resolution | resolution |
| 2025-10-31 | MA | incorporation | memorandum articles |
| 2025-10-08 | AD01 | address | change registered office address company with date old address new address |
| 2025-09-29 | AD01 | address | change registered office address company with date old address new address |
| 2025-04-23 | CS01 | confirmation-statement | confirmation statement with updates |
| 2025-04-11 | SH01 | capital | capital allotment shares |
| 2025-04-09 | SH01 | capital | capital allotment shares |
Credit score
Altman Z″ (private-firm) · reference 2024-12-31
-109.61
DISTRESS
Altman Z″
- Working capital / Total assets 0.132 × 6.56 = +0.87
- Retained earnings / Total assets 0.000 × 3.26 = +0.00
- EBIT / Total assets -0.379 × 6.72 = -2.54
- Book equity / Total liabilities -102.790 × 1.05 = -107.93
Bands: > 2.6 safe · 1.1–2.6 grey · < 1.1 distress. Z″ is a public-formula baseline, not a substitute for adverse-data signals (CCJs, charges, gazette notices) — those land in a later pass.
Activity Score
Filings velocity, capital events, officer churn, accounts trajectory