PICASSO LABS INC.
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Cash
£9M
Latest balance sheet
Net assets
£9M
Equity attributable
Employees
93
Average over period
Profit before tax
—
Period ending 2025-03-31
Net assets
2-year trend · vs Unclassified median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £9,148,530 | £10,821,679 | |
| Operating profit | -£4,298,267 | -£3,254,369 | |
| Profit before tax | — | — | |
| Net profit | -£4,400,053 | -£3,278,302 | |
| Cash | £13,280,547 | £9,358,790 | |
| Total assets less current liabilities | £12,324,309 | £9,049,549 | |
| Net assets | £12,324,309 | £9,049,549 | |
| Equity | £12,324,309 | £9,049,549 | |
| Average employees | 81 | 93 | |
| Wages | — | — |
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 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | -47.0% | -30.1% | |
| Net margin | -48.1% | -30.3% | |
| Return on capital employed | -34.9% | -36.0% | |
| Current ratio | 3.75x | 2.56x |
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
- IFRS for SMEs
- Reporting scope
- Standalone (parent only)
- Audit opinion
- Unaudited (audit-exempt)
Significant events
- “The company raised capital of $4,777 (2024 - $247,593) in the year through the sale of 29,020 (2024 - 141,841) shares of common stock, which are included in stockholders' equity on the accompanying balance sheet”
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 |
|---|---|---|---|---|
| COLLINS, Stephen | Director | 2022-10-21 | Sep 1965 | American |
| LEDERGOR, Udi | Director | 2023-04-11 | Oct 1974 | Israeli |
| LENG, Anastasia | Director | 2019-07-09 | Oct 1984 | American |
| O'DONNELL, Colm | Director | 2025-12-16 | Jun 1985 | Irish |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CUMMINS, Evan | Director | 2022-04-25 | 2025-12-09 |
| MALINGER, Eyal Boris | Director | 2019-08-09 | 2023-09-28 |
| WAGNER, Maria Trokoudes | Director | 2023-10-04 | 2024-04-19 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 23 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-02 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2026-02-16 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2025-12-24 | AA | accounts | Accounts with accounts type full | |
| 2025-12-16 | OSCH02 | other | Change company details overseas company with change details | |
| 2025-03-27 | OSCH01 | other | Change company details by uk establishment overseas company with change details | |
| 2025-02-17 | AA | accounts | Accounts with accounts type full | |
| 2024-07-02 | OSCH02 | other | Change company details overseas company with change details | |
| 2024-07-02 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2023-11-13 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2023-11-13 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2023-11-13 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2023-11-13 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2023-11-13 | AA01 | accounts | Change account reference date company current extended | |
| 2023-10-25 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2023-10-06 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2023-09-27 | AA | accounts | Accounts with accounts type full | |
| 2023-03-10 | AA | accounts | Accounts with accounts type full | |
| 2022-11-17 | AA | accounts | Accounts with accounts type full | |
| 2022-09-21 | OSCH01 | other | Change company details by uk establishment overseas company with change details | |
| 2021-05-13 | AA01 | accounts | Change account reference date company previous extended |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- 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
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31