CONCIRRUS HOLDINGS LIMITED

• ◆

  3 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

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.

Accounting basis

FRS 102 §1A

Reporting scope

Consolidated group

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Cooper Parry Group Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors use of the going concern basis relies upon the continued support of a third-party, being the previous majority owners of the Company. This ongoing support has been evidenced via a Letter of Support from the aforementioned third-party company covering a period of 12 months from the signing of these financial statements. This letter states that they "have the requisite financial resources and intends to fully fund the operations of Concirrus Holdings Limited and its related subsidiaries as needed to allow them to meet their financial obligations as and when they fall due". As stated, this company has the relevant capacity to provide this funding and has demonstrated their willingness to fulfil their intention by providing liquidity to subsidiaries of the Company in FY25 (subsequent to the period covered in these financial statements) and after their ownership of the Company ceased.”

Group structure

1. CONCIRRUS HOLDINGS LIMITED · parent
   1. Concirrus Ltd 100% · United Kingdom
   2. Concirrus (India) Private Limited 100% · India
   3. Concirrus Inc 100% · United States of America
   4. Spark Insights Inc 100% · United States of America
   5. Concirrus (Israel) Ltd 100% · Israel

Significant events

• “During 2024 we pivoted our business from being solely focused on the Marine Analytics market and invested to rebuild our technology such that we are now a provider that offers Al-powered solutions to the Specialty Market. In effect allowing us to replicate our success from Marine to other markets.”
• “We have kept our core costs fairly flat and use contract resources (in India) to smooth spikes in R&D demand.”
• “Our strategy has three elements: 1. Extend our marine customer base with further sales (we signed two new insurers in Q2) 2. Continue to win new large customers outside of Marine 3. Leverage our growing IP base across the wider market.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

10

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -14.8%

  £5,400,590 → £4,601,196

• Cash

  -4.7%

  £457,878 → £436,159

• Net assets

  -1,353.8%

  £221,523 → -£2,777,469

• Employees

  +11.4%

  44 → 49

• Operating profit

  +55.7%

  -£6,105,999 → -£2,703,085

• Profit before tax

  +53.8%

  -£6,241,685 → -£2,882,477

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers