ENGINE BY STARLING LIMITED
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Cash
£2.7m
+38.7% vs 2025
Net assets
-£26m
-105.2% lowest in 3 filed years
Employees
13
+225% highest in 3 filed years
Profit before tax
-£20m
-62.9% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
-
Negative shareholders' funds
Net assets
3-year trend · vs Technology median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £2,539,000 | £8,503,000 | £10,860,000 | +27.7% | |
| Operating profit | -£4,880,000 | -£11,557,000 | -£18,771,000 | -62.4% | |
| Profit before tax | -£4,885,000 | -£12,081,000 | -£19,678,000 | -62.9% | |
| Net profit | -£3,664,000 | -£9,089,000 | -£14,856,000 | -63.5% | |
| Cash | £8,219,000 | £1,939,000 | £2,689,000 | +38.7% | |
| Total assets less current liabilities | -£3,740,000 | -£12,829,000 | — | — | |
| Net assets | -£3,740,000 | -£12,829,000 | -£26,322,000 | -105.2% | |
| Equity | -£3,740,000 | — | — | — | |
| Average employees | 2 | 4 | 13 | +225% | |
| Wages | £142,000 | £417,000 | £6,655,000 | +1,495.9% | |
| 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 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|
| Operating margin | -192.2% | -135.9% | -172.8% | |
| Net margin | -144.3% | -106.9% | -136.8% | |
| Gearing (liabilities / total assets) | 138.9% | 322.6% | 305.2% | |
| Current ratio | 0.72x | 0.31x | 0.33x | |
| Interest cover | — | -22.06x | -20.70x |
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
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“These financial statements have been prepared on a going concern basis as there are no material uncertainties identified by the Directors that could cast significant doubt over the Engine Group and Company's ability to continue as a going concern or honour their liabilities as they fall due for at least a year from the date of approval of these financial statements.”
Group structure
- ENGINE BY STARLING LIMITED · parent
- Engine by Starling Services Limited 100%
- Engine by Starling Services US LLC 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| RIDLEY, Veronica | Secretary | 2024-06-11 | — | — |
| BHATIA, Raman | Director | 2024-06-28 | Nov 1978 | British |
| EVERINGTON, Samuel | Director | 2022-02-18 | Feb 1987 | British |
| FERGUSON, Declan | Director | 2025-08-05 | Jan 1989 | British |
| REES, Harriet Lorna | Director | 2025-08-05 | Jan 1990 | British |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| NEWMAN, Matthew | Secretary | 2022-02-18 | 2024-06-11 |
| AHMED, Adnan | Director | 2023-02-03 | 2025-08-05 |
| BODEN, Anne Elizabeth | Director | 2022-02-18 | 2023-06-14 |
| GALARIA, Faisal | Director | 2024-06-11 | 2025-08-05 |
| MOUNTAIN, John Edmund | Director | 2022-02-18 | 2024-12-24 |
| NEWMAN, Matthew | Director | 2022-02-18 | 2024-06-11 |
| NEWTON, Victoria | Director | 2023-02-03 | 2026-03-13 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Starling Fs Services Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2022-02-18 | Active |
Filing timeline
Last 20 of 34 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-11-10 RESOLUTIONS Resolution
- 2025-11-07 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-12 | AA | accounts | Accounts with accounts type group | |
| 2026-03-25 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-11-10 | RESOLUTIONS | resolution | Resolution | |
| 2025-11-07 | SH02 | capital | Capital alter shares subdivision | |
| 2025-11-07 | MA | incorporation | Memorandum articles | |
| 2025-09-11 | AA | accounts | Accounts with accounts type full | |
| 2025-08-14 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-14 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-14 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-14 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-25 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2024-12-30 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-26 | AA | accounts | Accounts with accounts type full | |
| 2024-06-28 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-17 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-06-17 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-17 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-06-17 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 11
- Capital events
- 1
- Officers appointed
- 2
- Officers resigned
- 3
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.