DUKOSI LIMITED

• ⚠

  Material uncertainty over going concern

  The Directors have prepared group cash flow forecasts to December 2026 which include cash sales following the launch of the Dukosi Cell Monitoring System in September 2024, however forecast a net cash outflow for the year ended December 2026 of £23.4m as the group continues to develop its product range and begin production of the product ready for sale. The Directors anticipate any cash outflows will continue to be supported by cash injections from the ultimate controlling party, Dukosi Holdings Limited, through either loan note or equity investment. However, the support from the ultimate controlling party is not confirmed and the directors acknowledge that this represents a material uncertainty to the business.

1. DUKOSI LIMITED 2003-12-01 → present
2. CHURCHER LIMITED 2003-11-27 → 2003-12-01

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

Reporting scope

Consolidated group

Auditor

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Directors have prepared group cash flow forecasts to December 2026 which include cash sales following the launch of the Dukosi Cell Monitoring System in September 2024, however forecast a net cash outflow for the year ended December 2026 of £23.4m as the group continues to develop its product range and begin production of the product ready for sale. The Directors anticipate any cash outflows will continue to be supported by cash injections from the ultimate controlling party, Dukosi Holdings Limited, through either loan note or equity investment. However, the support from the ultimate controlling party is not confirmed and the directors acknowledge that this represents a material uncertainty to the business.”

Group structure

1. DUKOSI LIMITED · parent
   1. Dukosi Inc 100% · USA · Provision of sales and field applications engineering
   2. Dukosi GmbH 100% · Germany · Provision of sales and field applications engineering
   3. Dukosi International Limited 100% · Hong Kong · Provision of sales and field applications engineering

Significant events

• “On 30 January 2025 the group announced a new distribution agreement with a global technology solutions provider which allows the group to extend its reach with its logistics and technical support capabilities further strengthening the group's product offering.”
• “On 24 March 2025 a leading lithium battery solutions expert announced that it would be incorporating the group's technology in its next generation battery pack for Ground Support Equipment.”

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

Filings

5

last 12 months

Capital events

5

last 24 months

Officers appointed

0

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

  +42.3%

  £54,738 → £77,904

• Cash

  +576.2%

  £703,089 → £4,754,540

• Net assets

  +59.7%

  -£1,014,380 → -£408,921

• Employees

  +29.1%

  79 → 102

• Operating profit

  -28.8%

  -£6,547,336 → -£8,432,741

• Profit before tax

  -28.7%

  -£6,534,608 → -£8,412,937

• Wages

  +38.5%

  £6,933,119 → £9,602,151

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