UK Companies House feature
MESH AI LIMITED
Cash
£251K
-85.8% vs 2023
Net assets
£2M
-27.5% vs 2023
Employees
85
-7.6% vs 2023
Profit before tax
-£8M
-184% vs 2023
Profile
- Company number
- 13406761
- Status
- Active
- Incorporation
- 2021-05-18
- Last accounts made up
- 2024-12-31
- Account category
- FULL
- Primary SIC
- 62020
Profit before tax
5-year trend · vs UK AI & Enterprise SaaS median
Accounts
5-year trend · latest 2024-12-31
| Metric | Trend | 2021-05-17 | 2022-05-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | |
| Operating profit | — | — | — | — | — | |
| Profit before tax | — | — | — | -£2,880,248 | -£8,180,167 | |
| Net profit | — | — | — | -£2,880,248 | -£6,613,882 | |
| Cash | — | £2,635,630 | — | £1,762,718 | £251,089 | |
| Total assets less current liabilities | — | £2,781,780 | — | £2,261,627 | £1,638,703 | |
| Net assets | — | — | — | — | — | |
| Equity | — | £2,781,780 | — | £2,261,627 | £1,638,703 | |
| Average employees | — | 22 | — | 92 | 85 | |
| Wages | — | — | — | £11,418,625 | £12,497,122 |
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
- Azets Audit Services
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have received a letter of support from its Investors, Columbia Capital, confirming that financial support will be provided to assist the company in meeting its liabilities as and when they fall due, for a period of at least 12 months from the date of approval of the financial statements.”
Significant events
- “The Company reported a loss of £6.6 million, which included a one-off, non-recurring restructuring cost of £919,000 in the first half of the year as the Company transitioned into a new phase of growth, focusing on a revised long-term go-to-market strategy and customer base.”
- “A new leadership team was appointed, bringing extensive experience in professional services and the markets where Mesh AI operates.”
- “The Company experienced a 26% revenue increase in the second half of the year and secured a backlog of £4.4 million as of 31 December 2024.”
- “Full-time equivalent (FTE) headcount increased from 83 in June 2024 to 105 in February 2025, a 27% increase.”
- “The Company refined its long-term strategy in Q2 2024 with a focus on Leadership Transformation and Go-to-Market Strategy Enhancement, including new leadership appointments in Sales, HR, and Finance, and a pivot to targeting large enterprises in Energy/Utilities and Financial Services sectors.”
- “Mesh-AI is investing in growing its partnerships with AWS and Microsoft Azure to increase services in existing customers and win net new logos in target industries.”
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 · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| FARMER, Matthew | Secretary | 2021-05-18 | — | — |
| FARMER, Matthew | Director | 2021-05-18 | Nov 1976 | British |
| PARSONS, Jacob | Director | 2024-09-13 | Sep 1970 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BULPIN, Sebastian Pendarves | Director | 2021-06-14 | 2024-09-26 |
| CHALMERS, Michael David | Director | 2024-04-05 | 2024-09-13 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Sebastian Pendarves Bulpin | Individual | Shares 25–50%, Voting 25–50%, Appoints directors | 2021-07-15 | Ceased 2021-11-15 |
| Mr Matthew Farmer | Individual | Shares 25–50%, Voting 25–50%, Appoints directors | 2021-05-18 | Ceased 2021-11-15 |
Filing timeline
Last 20 of 33 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2025-12-24 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2025-06-16 | AA | accounts | accounts with accounts type full |
| 2024-12-09 | CS01 | confirmation-statement | confirmation statement with updates |
| 2024-12-04 | SH01 | capital | capital allotment shares |
| 2024-10-16 | TM01 | officers | termination director company with name termination date |
| 2024-09-30 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2024-09-23 | AP01 | officers | appoint person director company with name date |
| 2024-09-23 | TM01 | officers | termination director company with name termination date |
| 2024-07-25 | AA | accounts | accounts with accounts type total exemption full |
| 2024-04-11 | CH01 | officers | change person director company with change date |
| 2024-04-11 | CH03 | officers | change person secretary company with change date |
| 2024-04-11 | AP01 | officers | appoint person director company with name date |
| 2023-09-21 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2023-08-04 | AA | accounts | accounts with accounts type total exemption full |
| 2023-03-03 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2022-10-17 | AA01 | accounts | change account reference date company current shortened |
| 2022-10-12 | AA | accounts | accounts with accounts type total exemption full |
| 2022-10-06 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2022-06-22 | PSC08 | persons-with-significant-control | notification of a person with significant control statement |
| 2022-06-22 | PSC07 | persons-with-significant-control | cessation of a person with significant control |
Credit score
Altman Z″ — composite of working capital, retained earnings, EBIT, and leverage
Activity Score
Composite activity score · components 0–100 · reference 2026-05-09
18.9
COLD
/ 100
- Filings velocity 17
- Capital events 20
- Officer churn 0
- Headcount trajectory 42
- Accounts trajectory 23
- 2 filing(s) in last 12 months
- 1 capital event(s) in last 24 months
- Employees -8% YoY
- Total Assets Less Current Liabilities -28% YoY