FLEXENABLE TECHNOLOGY LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-09-22 (in 4mo)
Last made up 2025-09-08
Watchouts
Cash
£528K
Latest balance sheet
Net assets
-£21M
Equity attributable
Employees
64
Average over period
Profit before tax
-£7M
Period ending 2024-12-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
Although the directors expect that further funding will be received to fund the Company, the fact that the funding arrangements have not been finalised at the date of approval of the financial statements and the lack of formal support means there is a material uncertainty which may cast significant doubt on the Company's ability to continue as a going concern.
Net assets
2-year trend · vs Basic Materials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £2,049,000 | £3,272,000 | |
| Operating profit | -£13,157,000 | -£7,010,000 | |
| Profit before tax | -£13,288,000 | -£7,160,000 | |
| Net profit | -£13,288,000 | -£7,609,000 | |
| Cash | £2,416,000 | £528,000 | |
| Total assets less current liabilities | — | — | |
| Net assets | -£13,288,000 | -£20,897,000 | |
| Equity | -£13,288,000 | -£20,897,000 | |
| Average employees | 59 | 64 | |
| Wages | £6,733,000 | £4,853,000 |
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 | -642.1% | -214.2% | |
| Net margin | -648.5% | -232.5% | |
| Gearing (liabilities / total assets) | 218.7% | 315.7% | |
| Current ratio | 0.17x | 0.12x | |
| Interest cover | -100.44x | -46.73x |
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
- Standalone (parent only)
- Auditor
- Grant Thornton UK LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“Although the directors expect that further funding will be received to fund the Company, the fact that the funding arrangements have not been finalised at the date of approval of the financial statements and the lack of formal support means there is a material uncertainty which may cast significant doubt on the Company's ability to continue as a going concern.”
Significant events
- “The Company acquired the assets of FlexEnable Limited (in administration) in September 2022.”
- “in Q2 2024 the Company brought its technology to mass production at a first of its Asian manufacturing partners.”
- “In January 2025 equity funding of $3,000,000 USD was made by a new shareholder. At this time the promissory notes and convertible loan notes that were liabilities at 31 December 2024, plus accrued interest were converted to equity.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| NEWMAN, James | Secretary | 2022-11-16 | — | — |
| CHEN, Lin Han | Director | 2022-12-28 | Jan 1989 | American |
| FEGAN, Nicholas Paul | Director | 2022-09-09 | Jul 1974 | British |
| GOLDSTEIN, Wesley Hall | Director | 2022-12-28 | Aug 1982 | American |
| LEVY, Erez | Director | 2023-01-26 | Aug 1967 | American |
| MILLIGAN, Charles Chandler | Director | 2022-09-09 | Jun 1965 | American |
| VERRALL, Mark Andrew, Dr | Director | 2023-01-26 | Dec 1967 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| VISTRA COSEC LIMITED | Corporate Secretary | 2022-09-09 | 2022-11-15 |
| LEVY, Erez | Director | 2022-09-09 | 2022-12-28 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 33 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-09-03 RESOLUTIONS Resolution
- 2025-09-03 MA Memorandum articles
- 2024-11-29 MA Memorandum articles
- 2024-11-29 RESOLUTIONS Resolution
- 2024-11-29 RESOLUTIONS Resolution
- 2024-07-09 RESOLUTIONS Resolution
- 2023-06-16 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-06 | AA | accounts | Accounts with accounts type full | |
| 2025-09-23 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-09-03 | RESOLUTIONS | resolution | Resolution | |
| 2025-09-03 | MA | incorporation | Memorandum articles | |
| 2025-02-17 | SH01 | capital | Capital allotment shares | |
| 2024-11-29 | MA | incorporation | Memorandum articles | |
| 2024-11-29 | RESOLUTIONS | resolution | Resolution | |
| 2024-11-29 | RESOLUTIONS | resolution | Resolution | |
| 2024-11-22 | SH01 | capital | Capital allotment shares | |
| 2024-09-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-09 | RESOLUTIONS | resolution | Resolution | |
| 2024-06-15 | AA | accounts | Accounts with accounts type full | |
| 2024-05-23 | CH01 | officers | Change person director company with change date | |
| 2024-04-26 | AA01 | accounts | Change account reference date company previous extended | |
| 2023-10-12 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-10-11 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-11 | AP01 | officers | Appoint person director company with name date | |
| 2023-06-19 | SH01 | capital | Capital allotment shares | |
| 2023-06-16 | SH02 | capital | Capital alter shares subdivision | |
| 2023-06-16 | MA | incorporation | Memorandum articles |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 2
- Officers appointed
- 0
- Officers resigned
- 0
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