SECONDMIND LIMITED
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Cash
£2.8M
-46.4% vs 2023
Net assets
£362K
-90.2% vs 2023
Employees
53
+1.9% vs 2023
Profit before tax
-£4.6M
+16.4% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The most recent cash flow forecasts indicate that, depending on the timing of cash flows, there may be a need for the group to secure some additional funding via existing or new investors... In the absence of a formal agreement being in place at the date of approval of these financial statements and in the unlikely event that the verbally agreed additional funding is not forthcoming, there may be a material uncertainty attached to going concern.
-
Going-concern uncertainty disclosed
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £3,270,235 | £4,050,555 | +23.9% | |
| Operating profit | -£4,317,951 | -£4,717,755 | -9.3% | |
| Profit before tax | -£5,516,456 | -£4,609,098 | +16.4% | |
| Net profit | -£5,058,346 | -£4,152,269 | +17.9% | |
| Cash | £5,156,763 | £2,764,746 | -46.4% | |
| Total assets less current liabilities | £3,691,123 | £361,639 | -90.2% | |
| Net assets | £3,691,123 | £361,639 | -90.2% | |
| Equity | £3,691,123 | £361,639 | -90.2% | |
| Average employees | 52 | 53 | +1.9% | |
| Wages | £3,914,390 | £4,728,275 | +20.8% | |
| Directors' remuneration | £419,175 | £461,954 | +10.2% |
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 |
|---|---|---|---|
| Operating margin | -132.0% | -116.5% | |
| Net margin | -154.7% | -102.5% | |
| Return on capital employed | -117.0% | -1304.5% | |
| Current ratio | 1.72x | 1.00x | |
| Interest cover | -3.54x | — |
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.
Name history
Renamed 1 time since incorporation
- SECONDMIND LIMITED 2020-10-04 → present
- PROWLER.IO LIMITED 2016-01-27 → 2020-10-04
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Price Bailey LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The most recent cash flow forecasts indicate that, depending on the timing of cash flows, there may be a need for the group to secure some additional funding via existing or new investors... In the absence of a formal agreement being in place at the date of approval of these financial statements and in the unlikely event that the verbally agreed additional funding is not forthcoming, there may be a material uncertainty attached to going concern.”
Group structure
- SECONDMIND LIMITED · parent
- Secondmind Inc 100%
- Secondmind Kabushiki Kaisha 100%
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 |
|---|---|---|---|---|
| OHS SECRETARIES LIMITED | Corporate Secretary | 2019-03-22 | — | — |
| BROTMAN, Gary Bruce | Director | 2021-07-08 | Jul 1968 | British,American |
| BROUN, Adam Matthew | Director | 2021-07-28 | Nov 1966 | American |
| DILLON, Kevin Edward | Director | 2017-07-17 | Sep 1954 | Irish |
| HAUSER, Hermann Maria, Dr | Director | 2016-08-19 | Oct 1948 | Austrian |
| LANE, Ian Michael | Director | 2022-04-20 | Jun 1981 | British |
| RASMUSSEN, Carl Edward, Professor | Director | 2016-10-26 | Sep 1969 | Danish,British |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BURBIDGE, Eileen | Director | 2016-06-24 | 2022-05-13 |
| CHATRATH, Vishal, Mr. | Director | 2016-01-27 | 2021-01-12 |
| KIM, Dongho, Dr | Director | 2016-04-18 | 2023-11-24 |
| TUKIAINEN, Aleksi | Director | 2016-04-18 | 2016-10-26 |
| WILLIAMSON, Andrew James | Director | 2017-07-17 | 2022-04-20 |
| PASSION CAPITAL NOMINEES LIMITED | Corporate Director | 2022-05-13 | 2023-11-24 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Dr Dongho Kim | Individual | Shares 25–50% | 2016-04-18 | Ceased 2017-07-17 |
| Mr. Vishal Chatrath | Individual | Shares 25–50% | 2016-04-06 | Ceased 2017-07-17 |
Filing timeline
Last 20 of 168 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-12-03 MA Memorandum articles
- 2024-12-03 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-09 | CH01 | officers | Change person director company with change date | |
| 2026-02-06 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-02-06 | CH01 | officers | Change person director company with change date | |
| 2026-02-06 | CH01 | officers | Change person director company with change date | |
| 2025-08-01 | SH01 | capital | Capital allotment shares | |
| 2025-05-15 | AA | accounts | Accounts with accounts type group | |
| 2025-02-12 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-02-12 | CH01 | officers | Change person director company with change date | |
| 2025-02-11 | SH01 | capital | Capital allotment shares | |
| 2025-01-16 | SH01 | capital | Capital allotment shares | |
| 2024-12-03 | MA | incorporation | Memorandum articles | |
| 2024-12-03 | RESOLUTIONS | resolution | Resolution | |
| 2024-07-29 | SH01 | capital | Capital allotment shares | |
| 2024-06-25 | CH01 | officers | Change person director company with change date | |
| 2024-05-20 | SH01 | capital | Capital allotment shares | |
| 2024-04-18 | AA | accounts | Accounts with accounts type group | |
| 2024-04-12 | SH01 | capital | Capital allotment shares | |
| 2024-02-02 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-01-24 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2024-01-11 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- 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.