PI2 SOLUTIONS LTD
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Cash
—
Latest balance sheet
Net assets
£10m
USD 13,912,497
+35.2% highest in 3 filed years
Employees
9
-10% lowest in 3 filed years
Profit before tax
£3.2m
USD 4,318,534
-26.3% lowest in 3 filed years
Net assets
3-year trend · vs Technology median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £9,195,600 | £8,353,050 | £5,855,508 | -29.9% | |
| Operating profit | £4,799,455 | £4,334,083 | £2,964,861 | -31.6% | |
| Profit before tax | £5,349,888 | £4,346,929 | £3,204,849 | -26.3% | |
| Net profit | £5,352,204 | £4,346,929 | £3,204,849 | -26.3% | |
| Cash | — | — | — | — | |
| Total assets less current liabilities | £3,241,670 | £7,636,074 | £10,324,673 | +35.2% | |
| Net assets | £3,241,670 | £7,636,074 | £10,324,673 | +35.2% | |
| Equity | £3,241,670 | £7,636,074 | £10,324,673 | +35.2% | |
| Average employees | 11 | 10 | 9 | -10% | |
| Wages | £767,313 | £737,792 | £699,993 | -5.1% | |
| Directors' remuneration | — | — | — | — |
Figures converted to GBP from USD at 0.742 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 52.2% | 51.9% | 50.6% | |
| Net margin | 58.2% | 52.0% | 54.7% | |
| Return on capital employed | 148.1% | 56.8% | 28.7% | |
| Gearing (liabilities / total assets) | 52.0% | 47.2% | 43.7% | |
| Current ratio | 1.16x | 1.59x | 1.83x |
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
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- RSM UK Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Taking these factors into account, the directors believe that the Company is well placed to manage its business risks successfully and have a reasonable expectation that it has adequate resources to continue in operational existence for the foreseeable future. The directors have also received a letter of support from the Company's intermediate parent, Camelot UK Bidco Limited, confirming its intention to support the Company for at least one year after these financial statements are signed. Accordingly, they continue to adopt the going concern basis in preparing the annual report and financial statements.”
Significant events
- “On July 6, 2026, the Group announced it has entered into an agreement to divest its Life Sciences & Healthcare (LS&H) business to Altaris, an investment firm dedicated to the healthcare market. This was a result of evaluating strategic alternatives to deliver more shareholder value as part of the Group's Value Creation Plan. Pi2 Solutions Ltd is included in the LS&H segment as at 31 December 2025. The sale is expected to close by the end of 2026, subject to the satisfaction of customary closing conditions and regulatory approvals.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ALLEN, Justin Paul Jonathan | Secretary | 2024-07-31 | — | — |
| ALLEN, Justin Paul Jonathan | Director | 2014-05-08 | Nov 1972 | British |
| WRIGHT, Andrew Graham | Director | 2022-04-01 | May 1966 | British |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| JOHNSON, Nigel Peter Havard | Secretary | 2002-11-04 | 2014-05-08 |
| REEVES, Martin Leslie | Secretary | 2022-04-01 | 2024-07-31 |
| TRAINOR, Larisa Avner | Secretary | 2014-05-08 | 2022-04-01 |
| TEMPLE SECRETARIES LIMITED | Corporate Nominee Secretary | 2002-11-04 | 2002-11-04 |
| DRINKWATER, Mark James | Director | 2002-11-04 | 2014-05-08 |
| JOHNSON, Nigel Peter Havard | Director | 2002-11-04 | 2014-05-08 |
| TRAINOR, Larisa Avner | Director | 2014-05-08 | 2022-04-01 |
| COMPANY DIRECTORS LIMITED | Corporate Nominee Director | 2002-11-04 | 2002-11-04 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Proquest European Holdings Limited | Corporate entity | Shares 75–100% | 2016-06-30 | Active |
Filing timeline
Last 20 of 94 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-05-26 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-24 | AA | accounts | Accounts with accounts type full | |
| 2026-05-27 | SH14 | capital | Capital redomination of shares | |
| 2026-05-26 | RESOLUTIONS | resolution | Resolution | |
| 2026-04-27 | CH01 | officers | Change person director company with change date | |
| 2026-02-06 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-10-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-29 | AA | accounts | Accounts with accounts type full | |
| 2024-10-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-12 | AA | accounts | Accounts with accounts type full | |
| 2024-08-01 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-08-01 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-11-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-05 | AA | accounts | Accounts with accounts type small | |
| 2022-10-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-04 | AA | accounts | Accounts with accounts type small | |
| 2022-04-26 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-04-26 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-04-20 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-04-13 | AP01 | officers | Appoint person director company with name date | |
| 2022-04-11 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 1
- Officers appointed
- 0
- Officers resigned
- 0
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.