FOUNDRIES.IO LIMITED
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Cash
£75k
USD 100,283
-95.7% lowest in 3 filed years
Net assets
£4.2m
USD 5,714,544
-8.9% vs 2024
Employees
—
Average over period
Profit before tax
-£271k
USD -365,185
+95.9% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Confirmation statement overdue
Due 2026-08-17.
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-09-30
| Metric | Trend | 2023-09-30 | 2024-09-30 | 2025-09-30 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £1,664,986 | £1,352,890 | £1,118,793 | -17.3% | |
| Operating profit | -£4,083,204 | -£1,719,087 | -£339,889 | +80.2% | |
| Profit before tax | -£4,544,288 | -£6,579,440 | -£271,412 | +95.9% | |
| Net profit | -£4,025,812 | -£6,198,279 | -£413,946 | +93.3% | |
| Cash | £3,575,576 | £1,747,764 | £74,532 | -95.7% | |
| Total assets less current liabilities | £1,132,643 | £4,661,098 | £4,247,153 | -8.9% | |
| Net assets | £1,132,643 | £4,661,098 | £4,247,153 | -8.9% | |
| Equity | £1,132,643 | £4,661,098 | £4,247,153 | -8.9% | |
| Average employees | 27 | 12 | — | — | |
| Wages | £2,610,959 | £1,285,240 | — | — | |
| Directors' remuneration | £459,591 | £184,772 | — | — |
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 | 2023-09-30 | 2024-09-30 | 2025-09-30 |
|---|---|---|---|---|
| Operating margin | — | -127.1% | -30.4% | |
| Net margin | — | — | -37.0% | |
| Return on capital employed | -360.5% | -36.9% | -8.0% | |
| Gearing (liabilities / total assets) | 84.0% | 10.5% | 7.7% | |
| Current ratio | 3.28x | 5.92x | 3.29x | |
| Interest cover | -8.02x | -0.35x | -88.72x |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- FOUNDRIES.IO LIMITED 2018-09-12 → present
- OPEN SOURCE FOUNDRIES LIMITED 2017-08-04 → 2018-09-12
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements are prepared on the going concern basis. The directors have considered future cash forecasts and revenue projections, based on prudent market data, in their consideration of going concern to allow the Company to meet its liabilities as they fall due and the directors therefore have a reasonable expectation that the Company will be able to meet its liabilities as they fall due for a period of at least 12 months from the date of approval of these financial statements.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 9 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| VISTRA COSEC LIMITED | Corporate Secretary | 2025-06-24 | — | — |
| SINGHAI, Sandeep | Director | 2024-03-01 | Jun 1971 | American |
| TURNER, Kathryn Elizabeth | Director | 2024-03-01 | Dec 1978 | British |
Show 9 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HUBBARD, Julia | Secretary | 2020-07-20 | 2023-03-31 |
| WILLIAMS, Susan Carol | Secretary | 2023-04-01 | 2024-03-01 |
| WOLLEY, Hugh Seymour | Secretary | 2019-05-31 | 2020-07-20 |
| BOOTH, Robert Alec | Director | 2017-08-04 | 2019-05-31 |
| DREW, Ian Ashley | Director | 2017-10-23 | 2024-03-01 |
| GREY, George Christopher | Director | 2017-08-04 | 2024-03-01 |
| HUBBARD, Julia Elizabeth | Director | 2021-06-17 | 2023-03-31 |
| VISVANATHAN, Krishna | Director | 2019-09-06 | 2024-03-01 |
| IQ CAPITAL DIRECTORS NOMINEES LTD | Corporate Director | 2021-04-23 | 2024-03-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Qualcomm Incorporated | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-03-01 | Active |
| Mr Robert Alec Booth | Individual | Shares 25–50%, Voting 25–50% | 2017-08-04 | Ceased 2017-10-25 |
| Mr George Christopher Grey | Individual | Shares 25–50%, Voting 25–50% | 2017-08-04 | Ceased 2017-10-25 |
Filing timeline
Last 20 of 77 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-03-13 RESOLUTIONS Resolution
- 2024-03-13 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-07 | AA | accounts | Accounts with accounts type full | |
| 2026-04-28 | CH04 | officers | Change corporate secretary company with change date | |
| 2025-08-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-08 | AA | accounts | Accounts with accounts type full | |
| 2025-07-01 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2024-08-28 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-08-18 | AA | accounts | Accounts with accounts type group | |
| 2024-06-07 | AD04 | address | Move registers to registered office company with new address | |
| 2024-04-06 | SH10 | capital | Capital variation of rights attached to shares | |
| 2024-03-26 | SH01 | capital | Capital allotment shares | |
| 2024-03-21 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-03-20 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2024-03-13 | RESOLUTIONS | resolution | Resolution | |
| 2024-03-13 | MA | incorporation | Memorandum articles | |
| 2024-03-07 | CH01 | officers | Change person director company with change date | |
| 2024-03-07 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-07 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-07 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-03-07 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-07 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- 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.