R3 IOT LIMITED - Profile & Financials

Accounts Submitted

Confirmation Statement Submitted 1 Jul 2025

Net assets £2.41M £1.69M 2024 year on year

Total assets £2.74M £1.49M 2024 year on year

Total Liabilities £380.66K £149.73K 2024 year on year

Charges 1

1 outstanding

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Contact & Details

Contact

Update Details

Registered Address

133 Finnieston Street Glasgow G3 8HB

Office ()

Glasgow, Glasgow City, United Kingdom, Europe

Website

r3-iot.com

Credit Report

Discover R3 IOT LIMITED's Credit Score, limit, and payment likelihood.

Mutual Companies

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Financials

Period 1 Jan → 31 Dec 2024

Type Total Exemption Full

Next accounts 31 December 2025

Due by 30 September 2026 9 months

Net Assets, Total Assets & Total Liabilities (2019–2024)

Cash in Bank

£1.49M

Increased by £1.45M (+3839%)

Net Assets

£2.41M

Increased by £1.69M (+236%)

Total Liabilities

£380.66k

Decreased by £149.73k (-28%)

Turnover

N/A

Employees

Decreased by 1 (-4%)

Debt Ratio

14%

Decreased by 28 (-67%)

Financial History

Revenue, profit, EBITDA and key financial figures

	2024 Dec Year End	2023 Dec Year End
P&L
Revenue	£142.3M	£128.7M
Gross Profit	£48.2M	£43.1M
Operating Profit	£22.4M	£19.8M
Net Profit	£18.1M	£15.9M
EBITDA	£31.5M	£28.2M
Assets
Cash	£24.7M	£21.3M
Total Assets	£89.4M	£82.1M
Liabilities
Total Liabilities	£45.2M	£41.8M
Key Metrics
Employees	1,247	1,156

Latest Revenue

£142.3M

Latest EBITDA

£31.5M

Cash Position

£24.7M

Funding

Fundraising & Grants

No fundraising or grants recorded

Investors (0)

No investor information available

Share Capital

Share allotments and capital structure

14 Allotments 2,864,383 Shares £7.92m Total

Date From	Share Class	Shares Allotted	Amount Raised	Price/Share
3 Jun 2024	PREFERRED ORDINARY	673,244	£1.75m	£2.599
3 Jun 2024	PREFERRED ORDINARY	94,081	£196k	£2.079
25 Jul 2023	PREFERRED ORDINARY	738,717	£1.92m	£2.599
25 Jul 2023	ORDINARY	12,050	£0.012	£0
29 May 2023	SEED PREFERRED	5,193	£18k	£3.466

Officers

0 active 7 resigned

Show resigned officers

						Status
No officers found

Shareholders

Shareholders (23)


The University Of Strathclyde	3.0%	143,920	Seed Preferred	8 Jul 2024
The University Of Strathclyde	2.4%	115,413	Preferred Ordinary	8 Jul 2024
Stephen Murray Sarah Marchal Murray	0.1%	5,844	Preferred Ordinary	8 Jul 2024

Persons with Significant Control

Persons with Significant Control (1)

1 Active 2 Ceased

Scottish Investments Limited

United Kingdom

Active

Notified 3 Jun 2024

Nature of Control

Ownership Of Shares 25 To 50 Percent
Voting Rights 25 To 50 Percent
Right To Appoint And Remove Directors

Kevin Alexandre Quillien

Ceased 3 Jun 2024

Ceased

Allan John Gavin Cannon

Ceased 3 Jun 2024

Ceased

See All Controllers

Group Structure

SCOTTISH INVESTMENTS LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent

SCOTTISH NATIONAL INVESTMENT BANK PLC united kingdom

R3 IOT LIMITED Current Company

Charges

1 outstanding

Documents

Company Filings

Date	Category	Description	Document
18 Sept 2025	Officers	Termination of Ryan Johnson as director on 2025-09-08	View(1 page)
18 Sept 2025	Officers	Termination of Clive Gerald Scrivener as director on 2025-09-08	View(1 page)
18 Sept 2025	Officers	Termination of Kevin Alexandre Quillien as director on 2025-09-08	View(1 page)
18 Sept 2025	Officers	Termination of Allan John Gavin Cannon as director on 2025-09-08	View(1 page)
1 Sept 2025	Insolvency	Liquidation In Administration Notice Deemed Approval Of Proposals Scotland	View(3 pages)