NEXGEN CLOUD LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-04-28
Overdue
Watchouts
Cash
£3M
-74.3% vs 2023
Net assets
£52M
+98.8% highest in 5 filed years
Employees
11
+1,000% highest in 5 filed years
Profit before tax
-£19M
-375.4% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Confirmation statement overdue
Due 2026-04-28.
Net assets
5-year trend · vs Technology median
Accounts
5-year trend · latest reflected 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 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
- 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.”
Group structure
- NEXGEN CLOUD LIMITED · parent
- NGVP Cloud FIL SPV 1 Ltd 100%
- NGVP Cloud FIL SPV 1 Ltd 84.09%
- NGVP Cloud Ltd 100%
- NGVP Cloud Ltd 100%
- Infrahub Compute Ltd 100%
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 and subsidiary information is drawn from the narrative of the latest annual accounts. 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
Material constitutional events — rename, articles re-file, resolution
- 2026-03-07 MA Memorandum articles
- 2026-03-07 RESOLUTIONS Resolution
- 2025-10-31 RESOLUTIONS Resolution
- 2025-10-31 MA Memorandum articles
| 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 |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 17
- Capital events
- 7
- Officers appointed
- 1
- Officers resigned
- 1
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
-74.3%
£12,119,875 £3,115,631
-
Net assets
+98.8%
£26,072,359 £51,842,919
highest in 4 filed years
-
Employees
+1,000%
1 11
highest in 5 filed years
-
Profit before tax
-375.4%
-£4,085,905 -£19,423,124
-
Wages
+1,401.5%
£70,022 £1,051,397
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