CARBON CLEAN SOLUTIONS LIMITED
Trading as Carbon Clean, the venture-backed company develops carbon capture, utilisation and storage technology for heavy industries including the cement, steel, and refining sectors.
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Cash
£31m
USD 41,163,000
-34.9% vs 2024
Net assets
£53m
USD 71,688,000
-24.9% vs 2024
Employees
169
-3.4% vs 2024
Profit before tax
-£18m
USD -24,270,000
+29.7% vs 2024
Net assets
5-year trend · vs Basic Materials median
Accounts
5-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2021-03-31 | 2022-03-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | £11,064,288 | £17,161,650 | £12,256,410 | -28.6% | |
| Operating profit | — | — | -£19,174,285 | -£27,961,353 | -£18,414,716 | +34.1% | |
| Profit before tax | — | — | -£17,467,856 | -£25,676,700 | -£18,037,904 | +29.7% | |
| Net profit | — | — | -£16,081,754 | -£24,723,894 | -£17,969,528 | +27.3% | |
| Cash | £8,086,057 | £81,782,500 | £81,527,313 | £47,027,127 | £30,593,088 | -34.9% | |
| Total assets less current liabilities | £9,192,511 | £79,724,489 | — | £72,412,486 | £59,033,816 | -18.5% | |
| Net assets | — | — | £95,171,312 | £70,907,469 | £53,279,822 | -24.9% | |
| Equity | £9,192,511 | £79,724,489 | £95,171,312 | £70,907,469 | £53,279,822 | -24.9% | |
| Average employees | 13 | 28 | 114 | 175 | 169 | -3.4% | |
| Wages | — | — | £8,757,339 | £12,931,996 | £12,191,007 | -5.7% | |
| Directors' remuneration | — | — | £622,817 | £995,912 | £972,873 | -2.3% |
Figures converted to GBP from USD at 0.743 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 | 2021-03-31 | 2022-03-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | — | — | -173.3% | -162.9% | -150.2% | |
| Net margin | — | — | -145.3% | -144.1% | -146.6% | |
| Return on capital employed | — | — | — | -38.6% | -31.2% | |
| Gearing (liabilities / total assets) | — | — | 12.2% | 12.7% | 19.8% | |
| Current ratio | — | — | 7.17x | 7.45x | 5.67x | |
| Interest cover | — | — | — | -95.73x | -22.75x |
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
- Reporting scope
- Consolidated group
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Accordingly, the Directors are satisfied that they have a reasonable basis to conclude that the Group has adequate resources to continue in operational existence for the foreseeable future regardless of the uncertainties highlighted above. It therefore remains appropriate to prepare the financial statements on a going concern basis.”
Group structure
- CARBON CLEAN SOLUTIONS LIMITED · parent
- Carboncapture Technologies Private Limited 100%
- Carbon Clean Solutions USA, Inc. 100%
- Carbon Clean Solutions Netherlands BV 100%
- Carbon Clean Solutions Canada Limited 100%
Significant events
- “Subsequent to the reporting date, the Company became aware that a customer with an outstanding receivable balance has experienced significant financial difficulty and has failed to settle outstanding amounts due.”
- “Accordingly, the Company has recognised a provision for expected credit losses against the outstanding receivable in line with IFRS 9 Financial Instruments.”
- “In addition, the Company holds an investment in the same entity. Based on updated information regarding the financial position of the investee, an impairment loss has been recognised against the full value of the investment to reduce the carrying value of the investment to nil, which is what we consider as an appropriate representation of the recoverable amount in accordance with IAS 36 Impairment of Assets.”
- “The impact of these adjustments has been recognised in the financial statements for the year ended 31 December 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PITSEC LIMITED | Corporate Secretary | 2012-10-05 | — | — |
| BUMB, Prateek | Director | 2014-06-25 | Jun 1985 | Indian |
| POWERS, Christopher Alan | Director | 2025-07-01 | Feb 1980 | American |
| PUGH, Martin | Director | 2018-06-25 | Feb 1953 | British |
| SAHAY, Praveen Kant | Director | 2020-01-30 | Jul 1962 | American |
| SHARMA, Aniruddha | Director | 2012-06-25 | Sep 1986 | Indian |
| SWAN, Allan | Director | 2023-09-14 | Sep 1963 | American |
| WALDRON, Julian David | Director | 2022-12-06 | Jun 1964 | French |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DROOG, Daniel | Director | 2022-02-24 | 2025-01-20 |
| HAEMMIG, Martin Ferdinand | Director | 2015-02-09 | 2015-09-03 |
| HEWITT-JONES, Richard Francis | Director | 2017-09-06 | 2018-03-23 |
| NARASIMHALU, Sanjay | Director | 2025-01-20 | 2025-07-01 |
| PETZEL, Jan Mark Philipp | Director | 2016-09-30 | 2022-02-24 |
| PRABHALA, Suresh | Director | 2015-09-03 | 2020-01-30 |
| RAJAN, Palaniswamy Varada | Director | 2015-02-09 | 2020-01-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Wave Equity Fund Ii L.P. | Corporate entity | Significant influence | 2020-06-09 | Ceased 2020-06-09 |
| Mr Federico Canciani | Individual | Significant influence | 2016-04-06 | Ceased 2020-06-09 |
| Prateek Bumb | Individual | Appoints directors | 2016-04-06 | Ceased 2016-04-06 |
| Aniruddha Sharma | Individual | Appoints directors | 2016-04-06 | Ceased 2016-04-06 |
Filing timeline
Last 20 of 123 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-25 | AA | accounts | Accounts with accounts type group | |
| 2026-05-19 | SH01 | capital | Capital allotment shares | |
| 2026-05-13 | CH01 | officers | Change person director company with change date | |
| 2026-04-08 | CH01 | officers | Change person director company with change date | |
| 2026-03-20 | CH04 | officers | Change corporate secretary company with change date | |
| 2026-02-22 | SH01 | capital | Capital allotment shares | |
| 2026-01-27 | AD02 | address | Change sail address company with old address new address | |
| 2025-12-11 | SH01 | capital | Capital allotment shares | |
| 2025-11-06 | CH01 | officers | Change person director company with change date | |
| 2025-10-23 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-10-23 | CH01 | officers | Change person director company with change date | |
| 2025-10-22 | CH01 | officers | Change person director company with change date | |
| 2025-10-14 | SH01 | capital | Capital allotment shares | |
| 2025-08-26 | AA | accounts | Accounts with accounts type group | |
| 2025-07-02 | CH01 | officers | Change person director company with change date | |
| 2025-07-02 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-10 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-07 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-17 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 14
- Capital events
- 4
- 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.