Minimum Spanning Technologies Limited

Active10889544Information & communicationIncorporated 28 Jul 2017 · London

The principal activity of the Company is the development and operation of a blockchain-based network whose members provide and exchange virtual storage capacities.

Revenue

£27.2m

▼ -30.2% vs prior ~12m period

Profit after tax

£18.5m

Margin 38.3%

Employees

1

– 0.0% vs prior ~12m period

Net assets

-£3.9m

Total assets £186.1m

Financial history

Revenue by accounting period

5 periods available · ▲ growth ▼ decline

Apr 2020
Not available
Dec 2020
Not available
Dec 2021
Not available
Dec 2022
£39.0m
Dec 2023
£27.2m▼ -30.2%
Period endRevenueGrowthProfit before taxEmployeesNet assets
31 Dec 2023£27.2m▼ -30.2%£18.7m1-£3.9m
31 Dec 2022£39.0m—£17.6m1-£25.2m
31 Dec 2021———1£3.5m
31 Dec 2020———2£413k
1 Apr 2020————£261k

Some periods are not about 12 months apart, usually because the company changed its year end or the register holds more than one set of accounts for a year. Growth is shown only against a prior period roughly 12 months earlier.

Latest available figures

Period ending 31 Dec 2023. “Not available” means the figure is not in the accounts we hold. We do not estimate missing figures.

These are the most recent accounts available to us; more recent accounts may exist at Companies House.

Profit & loss

Revenue
£27.2m
Gross profit
£18.1m
Operating profit
£10.4m
Profit before tax
£18.7m
Profit after tax
£18.5m

Balance sheet

Total assets
£186.1m
Cash
£6.8m
Total liabilities
£190.0m
Net assets
-£3.9m
Revenue per employee
£27.2m

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