AXON FINANCIAL SYSTEMS LIMITED
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Next accounts due
2026-09-28 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-09-25 (in 4mo)
Last made up 2025-09-11
Watchouts
None on the register
Cash
£263K
+22.2% highest in 5 filed years
Net assets
£3M
+40.1% highest in 5 filed years
Employees
84
+44.8% highest in 5 filed years
Profit before tax
—
Period ending 2023-12-31
Net assets
5-year trend · vs Technology median
Accounts
5-year trend · latest reflected 2023-12-31
Latest accounts filed cover 2024-12-31; financial figures currently reflect up to 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 the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Audit & accounting basis
- 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”
Group structure
- AXON FINANCIAL SYSTEMS LIMITED · parent
- Xpansion Financial Technology Services Limited 100%
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 and subsidiary information is drawn from the narrative of the latest annual accounts. 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 |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- 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
FY2022 → FY2023 · period ending 2023-12-31 vs 2022-12-31
-
Turnover
—
Not reported
-
Cash
+22.2%
£215,518 £263,463
highest in 5 filed years
-
Net assets
+40.1%
£2,002,558 £2,804,880
highest in 5 filed years
-
Employees
+44.8%
58 84
highest in 5 filed years
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers