ADTHENA LTD
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Cash
£2.8m
-2.1% vs 2024
Net assets
-£21m
-2% lowest in 3 filed years
Employees
118
-0.8% vs 2024
Profit before tax
-£922k
+72.2% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
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 | £14,352,497 | £15,568,305 | £17,272,471 | +10.9% | |
| Operating profit | -£3,530,087 | -£526,709 | £1,684,277 | +419.8% | |
| Profit before tax | -£6,124,183 | -£3,315,421 | -£921,625 | +72.2% | |
| Net profit | -£5,429,855 | -£2,786,055 | -£547,260 | +80.4% | |
| Cash | £1,180,471 | £2,838,512 | £2,778,949 | -2.1% | |
| Total assets less current liabilities | -£9,490,138 | -£3,587,557 | -£4,582,772 | -27.7% | |
| Net assets | -£18,076,865 | -£20,666,191 | -£21,087,711 | -2% | |
| Equity | -£18,076,865 | -£20,666,191 | -£21,087,711 | -2% | |
| Average employees | 111 | 119 | 118 | -0.8% | |
| Wages | £9,060,234 | £8,531,743 | £9,067,098 | +6.3% | |
| Directors' remuneration | — | — | — | — |
Values shown as filed in the company's annual accounts. — 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 | -24.6% | -3.4% | 9.8% | |
| Net margin | -37.8% | -17.9% | -3.2% | |
| Current ratio | 0.37x | 0.60x | 0.55x | |
| Interest cover | -1.36x | -0.19x | 0.65x |
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
- Consolidated group
- Auditor
- Haines Watts Swindon Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt over the group's and parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- ADTHENA LTD · parent
- Adthena Inc 100%
- Adthena APAC PTY 100%
Significant events
- “The Group increased its loan facility during 2025 to increase the amount of working capital and mitigate liquidity risk.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| RICHARDS, William John | Secretary | 2020-05-27 | — | — |
| DONNELLY, Hylton Barrymore | Director | 2023-06-07 | May 1969 | British |
| GAON, Sloan Daniel | Director | 2020-04-22 | Apr 1969 | American |
| HUDDLESTON, Erik | Director | 2020-04-15 | Nov 1975 | American |
| O'ROURKE, Ian Whitney | Director | 2012-08-08 | Aug 1971 | Australian |
| SNYDER, Braden | Director | 2023-11-01 | Oct 1988 | American |
| THUNE, Phillip | Director | 2023-04-05 | May 1970 | American |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DONNELLY, Hylton Barrymore | Director | 2013-04-29 | 2015-11-17 |
| EVETTS, Andrew Richard Denby | Director | 2012-11-18 | 2019-03-18 |
| MORRIS, Melvyn | Director | 2016-07-29 | 2019-07-25 |
| REGENT, Damien Eric Marie Joseph | Director | 2013-11-18 | 2019-03-12 |
| SEEBER, Jonathan Michael | Director | 2019-03-05 | 2023-11-01 |
| UNDERHILL, Christopher John | Director | 2015-04-01 | 2023-06-07 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Updata Partners V, L.P. | Corporate entity | Shares 25–50%, Voting 25–50% | 2023-05-08 | Ceased 2023-06-13 |
| Mr Phillip Thune | Individual | Significant influence | 2023-03-20 | Active |
| Mr Ian Whitney O'Rourke | Individual | Appoints directors, Significant influence | 2016-04-06 | Ceased 2023-03-15 |
| Mrs Julie Angela O'Rourke | Individual | Shares 25–50% | 2016-04-06 | Ceased 2019-03-05 |
Filing timeline
Last 20 of 118 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-10-20 RESOLUTIONS Resolution
- 2024-10-20 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-27 | AA | accounts | Accounts with accounts type group | |
| 2025-08-28 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-08-28 | SH01 | capital | Capital allotment shares | |
| 2025-08-21 | AA | accounts | Accounts with accounts type group | |
| 2024-10-20 | RESOLUTIONS | resolution | Resolution | |
| 2024-10-20 | MA | incorporation | Memorandum articles | |
| 2024-08-16 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-08-16 | SH01 | capital | Capital allotment shares | |
| 2024-07-02 | AA | accounts | Accounts with accounts type group | |
| 2024-01-29 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-01-22 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-01-22 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-01-22 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-11-14 | AP01 | officers | Appoint person director company with name date | |
| 2023-11-14 | TM01 | officers | Termination director company with name termination date | |
| 2023-11-01 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-08-31 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-08-18 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-08-18 | SH01 | capital | Capital allotment shares | |
| 2023-08-16 | PSC07 | persons-with-significant-control | Cessation of a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 2
- 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.