GLOBALLOGIC CORP. UK LTD.
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Cash
£4.8M
+81.3% vs 2024
Net assets
-£8.8M
-12,115.4% vs 2024
Employees
402
-17.8% vs 2024
Profit before tax
-£12M
-65.2% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
2-year trend · vs Technology median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £79,685,960 | £59,240,778 | -25.7% | |
| Operating profit | -£7,200,681 | -£11,840,014 | -64.4% | |
| Profit before tax | -£7,152,223 | -£11,818,470 | -65.2% | |
| Net profit | -£7,152,223 | -£11,818,470 | -65.2% | |
| Cash | £2,670,366 | £4,842,253 | +81.3% | |
| Total assets less current liabilities | £150,062 | -£7,890,639 | -5,358.3% | |
| Net assets | -£72,438 | -£8,848,626 | -12,115.4% | |
| Equity | -£72,438 | -£8,848,626 | -12,115.4% | |
| Average employees | 489 | 402 | -17.8% | |
| Wages | £48,882,953 | £41,448,235 | -15.2% | |
| Directors' remuneration | £1,597,333 | £2,326,275 | +45.6% |
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 |
|---|---|---|---|
| Operating margin | -9.0% | -20.0% | |
| Net margin | -9.0% | -19.9% | |
| Current ratio | 0.95x | 0.62x |
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
- GLOBALLOGIC CORP. UK LTD. 2022-03-31 → present
- ECS EUROPE LIMITED 2009-03-30 → 2022-03-31
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis which the Directors believe to be appropriate. The Directors conclude that preparing the financial statements on the going concern basis is appropriate due to the continued financial support of the ultimate parent company, Hitachi, Limited ("Hitachi"). The Directors have received confirmation from Hitachi, Limited that it will support the company as necessary, and has the ability to do so, for a period of 12 months from the date of approval of the financial statements. The Directors considered the ability of Hitachi, Limited to provide such support and having reviewed its financial position are satisfied the financial statements should be prepared on a going concern basis.”
Group structure
- GLOBALLOGIC CORP. UK LTD. · parent
- GlobalLogic UK Ltd 100%
Significant events
- “On 1 March 2025, the Company acquired 100% of the issued share capital of GlobalLogic UK Ltd by way of a share for share exchange.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 24 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| COFIÑO, Rodrigo | Director | 2020-11-20 | Jan 1974 | American |
Show 24 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GRANT, Robert | Secretary | 2010-05-21 | 2013-05-21 |
| PALMER, Andrew Grant Dougal | Secretary | 2013-05-21 | 2022-04-08 |
| BARCLAY, Andrew | Director | 2017-03-30 | 2020-11-20 |
| BOYLEN, Martin | Director | 2011-10-12 | 2020-11-20 |
| CHRISTOPOULOS, Charilaos, Dr. | Director | 2020-11-20 | 2025-10-22 |
| DAVIDSON, Neil Stuart | Director | 2012-01-23 | 2020-11-20 |
| DWYER, Damian John | Director | 2010-02-01 | 2020-11-20 |
| FARRINGTON, Mark Ian | Director | 2019-01-28 | 2024-12-13 |
| FINLAYSON, Alasdair | Director | 2010-03-17 | 2013-05-21 |
| HEITON, Stewart | Director | 2016-12-02 | 2020-11-20 |
| HOLMES, Gillian | Director | 2016-11-01 | 2020-11-20 |
| HUGHES, Anthony Stephen | Director | 2011-10-12 | 2014-06-20 |
| LOGAN, Alan Downie | Director | 2017-03-30 | 2020-11-20 |
| MACLEOD, Colin Neil | Director | 2009-03-30 | 2009-11-06 |
| MCDONAGH, Donald | Director | 2009-11-05 | 2011-10-15 |
| PALMER, Andrew Grant Dougal | Director | 2016-11-01 | 2022-04-08 |
| PELLEGRINI, Gloria | Director | 2009-03-30 | 2009-08-17 |
| QUINN, Charles William | Director | 2014-09-01 | 2017-03-16 |
| SMITH, Shaun Michael | Director | 2017-03-30 | 2020-11-20 |
| TESTA, Paolo Emilio | Director | 2020-11-20 | 2024-09-01 |
| THOMSON, Paul | Director | 2010-09-01 | 2020-11-20 |
| WHITE, John | Director | 2016-12-20 | 2020-03-31 |
| YOUNG, Anne | Director | 2017-01-26 | 2020-11-20 |
| YOUNG, Max | Director | 2017-01-26 | 2020-11-20 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Bonus Technology Inc. | Corporate entity | Shares 75–100% | 2026-04-01 | Active |
| Mr Edward Young | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2020-11-20 |
Filing timeline
Last 20 of 114 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-03-05 RESOLUTIONS Resolution
- 2022-03-31 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-04-24 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-04-24 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2025-12-08 | AA | accounts | Accounts with accounts type full | |
| 2025-10-28 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-15 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-03-05 | RESOLUTIONS | resolution | Resolution | |
| 2025-03-04 | SH01 | capital | Capital allotment shares | |
| 2025-01-21 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-14 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-03 | AA | accounts | Accounts with accounts type full | |
| 2024-05-09 | AA | accounts | Accounts with accounts type full | |
| 2024-04-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-08 | AA | accounts | Accounts with accounts type full | |
| 2023-04-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-16 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-04-11 | TM01 | officers | Termination director company with name termination date | |
| 2022-04-11 | TM02 | officers | Termination secretary company with name termination date | |
| 2022-03-31 | CERTNM | change-of-name | Certificate change of name company | |
| 2022-03-30 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 1
- Officers appointed
- 0
- Officers resigned
- 1
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.