UK Companies House feature
AXON FINANCIAL SYSTEMS LIMITED
Cash
£263K
+22.2% vs 2022
Net assets
£3M
+40.1% vs 2022
Employees
84
+44.8% vs 2022
Profit before tax
—
Period ending 2023-12-31
Profile
- Company number
- NI626866
- Status
- Active
- Incorporation
- 2014-09-25
- Last accounts made up
- 2024-12-31
- Account category
- GROUP
- Primary SIC
- 62012
Net assets
5-year trend · vs UK AI & Enterprise SaaS median
Accounts
5-year trend · latest 2023-12-31
| Metric | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 |
|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | |
| Operating profit | — | — | — | — | — | |
| Profit before tax | — | — | — | — | — | |
| Net profit | — | — | — | — | — | |
| Cash | £195,860 | £112,761 | £137,125 | £215,518 | £263,463 | |
| Total assets less current liabilities | £183,435 | £669,291 | £1,068,881 | £2,002,558 | £2,804,880 | |
| Net assets | £183,435 | £669,291 | £1,068,881 | £2,002,558 | £2,804,880 | |
| Equity | £183,435 | £669,291 | £1,068,881 | £2,002,558 | £2,804,880 | |
| Average employees | 17 | 25 | 32 | 58 | 84 | |
| Wages | — | — | — | — | — |
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
- Consolidated (group)
- Auditor
- Ballards LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The forecasts prepared by management indicate that the Company is expected to have sufficient financial resources to meet its liabilities as they fall due for the foreseeable future. In addition, the director has received written confirmation from the Company's parent undertaking that it will continue to provide such financial support as is necessary to enable the Company to meet its obligations for a period of not less than twelve months from the date of approval of these financial statements. Accordingly, the director considers it appropriate to adopt the going concern basis of accounting in preparing the financial statements”
Subsidiaries
- Xpansion Financial Technology Services Limited · 100% held · England · Software development
Significant events
- “On 17 January 2024 the Company acquired Xpansion Financial Technology Services Limited, a complementary software and services business. This acquisition materially expanded the Company's operational scale, product capabilities, and client base.”
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
1 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| WALTERS, Leigh | Director | 2022-09-12 | Jul 1974 | British |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| COWLER, Stephen William | Director | 2014-11-06 | 2019-06-04 |
| DONAGHY, John | Director | 2014-12-17 | 2017-12-05 |
| FINNEGAN, Colin James | Director | 2016-05-09 | 2019-06-04 |
| GARFORTH, Aaron Roy | Director | 2014-09-25 | 2019-06-04 |
| HARVEY, Stuart | Director | 2014-11-06 | 2015-04-27 |
| HUTTON, Chris | Director | 2014-09-25 | 2019-06-04 |
| MATTHEWS, Steven Roy | Director | 2019-06-04 | 2025-09-11 |
| VERNON, Edward James | Director | 2016-05-09 | 2019-06-04 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Aaron Roy Garforth | Individual | Significant influence | 2016-04-06 | Ceased 2019-06-04 |
| Mr Chris Hutton | Individual | Significant influence | 2016-04-06 | Ceased 2019-06-04 |
| John Donaghy | Individual | Significant influence | 2016-04-06 | Ceased 2019-06-04 |
| Mr Stephen William Cowler | Individual | Significant influence | 2016-04-06 | Ceased 2019-06-04 |
Filing timeline
Last 20 of 75 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2026-04-01 | AA | accounts | accounts with accounts type group |
| 2025-11-21 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2025-09-11 | TM01 | officers | termination director company with name termination date |
| 2025-03-05 | AA | accounts | accounts with accounts type total exemption full |
| 2024-12-28 | AA01 | accounts | change account reference date company current shortened |
| 2024-09-30 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2024-09-29 | AA01 | accounts | change account reference date company previous shortened |
| 2024-02-06 | SH01 | capital | capital allotment shares |
| 2023-09-28 | AA | accounts | accounts with accounts type total exemption full |
| 2023-09-21 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2022-11-30 | AA | accounts | accounts with accounts type total exemption full |
| 2022-09-29 | AA01 | accounts | change account reference date company previous shortened |
| 2022-09-13 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2022-09-12 | CH01 | officers | change person director company with change date |
| 2022-09-12 | AP01 | officers | appoint person director company with name date |
| 2021-09-28 | AA | accounts | accounts with accounts type total exemption full |
| 2021-09-18 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2020-10-23 | AA | accounts | accounts with accounts type total exemption full |
| 2020-10-12 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2020-04-30 | PSC08 | persons-with-significant-control | notification of a person with significant control statement |
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
39
COLD
/ 100
- Filings velocity 25
- Capital events 0
- Officer churn 25
- Headcount trajectory 95
- Accounts trajectory 90
- 3 filing(s) in last 12 months
- 0 appointed, 1 resigned (12mo)
- Employees +45% YoY
- Net Assets +40% YoY