PLUTUS TOPCO LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-09-18 (in 4mo)
Last made up 2025-09-04
Watchouts
None on the register
Cash
£9M
Latest balance sheet
Net assets
-£127M
Equity attributable
Employees
910
Average over period
Profit before tax
-£61M
Period ending 2024-12-31
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 | £39,190,361 | £161,731,969 | |
| Operating profit | -£4,380,201 | -£22,101,248 | |
| Profit before tax | -£13,885,229 | -£61,418,169 | |
| Net profit | -£14,103,675 | -£63,092,926 | |
| Cash | £12,565,881 | £9,191,227 | |
| Total assets less current liabilities | £301,679,958 | £261,083,564 | |
| Net assets | -£63,139,736 | -£127,103,849 | |
| Equity | -£63,139,736 | -£127,103,849 | |
| Average employees | 696 | 910 | |
| Wages | £9,864,771 | £53,256,761 |
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 | -11.2% | -13.7% | |
| Net margin | -36.0% | -39.0% | |
| Return on capital employed | -1.5% | -8.5% | |
| Gearing (liabilities / total assets) | 118.5% | 140.9% | |
| Current ratio | 1.11x | 0.83x | |
| Interest cover | -0.46x | -0.56x |
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
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Deloitte Ireland LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have a reasonable expectation that the Company and Group has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis in preparing the annual financial statements.”
Group structure
- PLUTUS TOPCO LIMITED · parent
- Plutus Midco One Ltd 100%
- Plutus Midco Two Ltd 100%
- Plutus Bidco Ltd 100%
- Ekco Cloud Holdings Designated Activity Company 100%
- Ekco Cloud Corporate Limited 100%
- Ekco Cloud Dublin Limited 100%
- Datastring Inc 100%
- Ekco MSP Limited (formerly Ortus Limited) 97%
- Ekco Security Limited (formerly Caveo Information Systems) 100%
- Ekco Asia SDN BHD (formerly Caveo Systems SDN BHD) 100%
- Ekco Cloud Limited (formerly Unity Technologies I.T. Limited) 100%
- IT Force Limited 100%
- Kontex Security Limited 100%
- Ward Solutions Limited 100%
- Ekco Cloud Ireland Ltd 100%
- Another9 (U.K.) Limited 100%
- Ekco UK Holdings Limited 100%
- Ekco Reading Limited 100%
- Ekco Cloud and Security Limited (formerly Ekco Cloud Edinburgh Limited) 100%
- SecureVirtual Holdings Limited 100%
- Ekco London Limited 100%
- xTen Ltd 100%
- Coro Holdings Ltd 100%
- iSystems Integration Limited 100%
- Ekco Nottingham Limited 100%
- Ekco Bournemouth Limited 100%
- Ekco Birmingham Limited 100%
- Transit Networks Ltd 100%
- Frontier Technology Ltd 100%
- Bluecube Group Ltd 100%
- Bluecube Holdings Ltd 100%
- Ekco Cloud (UK) Limited (formerly Bluecube Technology Solutions Ltd) 100%
- Bluecube Cyber Security Solutions Ltd 100%
- Bluecube Technology SA (Pty) Ltd 100%
- Bluecube Technology Solutions LLC 100%
- Radius Holdings Limited 89.98%
- Radius Technologies Limited 100%
- Radius Telecom Limited 100%
- Avalon Computing Limited 100%
- Ekco Holding B.V. (formerly InternetCorp.nl B.V.) 100%
- Data Comfort B.V. 100%
- Cloudteq Online Werken B.V. 100%
- Cloudteq ICT B.V. 100%
- Cloud2 B.V. 100%
- Luna.NL BV 100%
- Ekco B.V. (formerly iTon B.V.) 100%
Significant events
- “In April 2025, the Group acquired 100% of the share capital of Predatech, a security-first managed service provider.”
- “In May 2025, the Group acquired 100% of the share capital of Adapt-IT, a managed service provider.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BEGG, Simon William | Director | 2022-09-05 | Aug 1974 | British |
| BLACKLOCK, Eoin | Director | 2022-10-28 | Nov 1982 | Irish |
| CROWE, Jonathan | Director | 2022-10-28 | May 1983 | Irish |
| FURLONG, Peter | Director | 2022-10-28 | Jan 1979 | Irish |
| MICHELSON, Alexandre Pierre Jean | Director | 2022-09-05 | Jul 1987 | French |
| NANNETTI, Paul Anthony | Director | 2025-08-18 | Nov 1959 | Irish |
| SCHULL, Joseph Charles | Director | 2022-10-28 | Mar 1961 | Canadian |
| WHELAN, Cormac | Director | 2022-11-14 | Jul 1966 | Irish |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ROBERT, Donald Austin | Director | 2023-09-29 | 2025-08-18 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Joseph Charles Schull | Individual | Significant influence | 2023-09-05 | Active |
| Mr Eoin Blacklock | Individual | Significant influence | 2023-09-05 | Active |
| Corten Capital I Lp | Corporate entity | Shares 75–100%, Voting 75–100% | 2022-09-05 | Ceased 2023-09-05 |
Filing timeline
Last 20 of 46 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-02-21 MA Memorandum articles
- 2026-02-21 RESOLUTIONS Resolution
- 2025-04-15 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-21 | MA | incorporation | Memorandum articles | |
| 2026-02-21 | RESOLUTIONS | resolution | Resolution | |
| 2026-02-16 | SH01 | capital | Capital allotment shares | |
| 2026-02-16 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-16 | SH01 | capital | Capital allotment shares | |
| 2025-11-03 | AA | accounts | Accounts with accounts type group | |
| 2025-10-06 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-06 | SH01 | capital | Capital allotment shares | |
| 2025-09-18 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-09-18 | SH01 | capital | Capital allotment shares | |
| 2025-06-20 | SH01 | capital | Capital allotment shares | |
| 2025-04-15 | RESOLUTIONS | resolution | Resolution | |
| 2025-04-09 | RP04SH01 | capital | Second filing capital allotment shares | |
| 2025-04-08 | SH01 | capital | Capital allotment shares | |
| 2025-03-31 | AA | accounts | Accounts with accounts type group | |
| 2025-03-24 | AA01 | accounts | Change account reference date company current shortened | |
| 2025-03-20 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-01-07 | SH01 | capital | Capital allotment shares | |
| 2024-11-13 | AA | accounts | Accounts with accounts type group | |
| 2024-09-17 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 11
- Capital events
- 8
- 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