PELION IOT LIMITED - Profile & Financials

Accounts Submitted 11 Dec 2024

Confirmation Statement Submitted 6 Oct 2025

Net assets £8.43M £4.27M 2024 year on year

Total assets £12.39M £4.28M 2024 year on year

Total Liabilities £3.70M £265.04K 2024 year on year

Charges 2

2 satisfied

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Contact & Details

Contact

Update Details

Registered Address

319 St. Vincent Street Glasgow G2 5LD Scotland

[email protected]

Website

pelion.com

Credit Report

Discover PELION 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 (2013–2024)

Cash in Bank

£225.97k

Decreased by £2.17M (-91%)

Net Assets

£8.43M

Decreased by £4.27M (-34%)

Total Liabilities

£3.70M

Decreased by £265.04k (-7%)

Turnover

£12.24M

Decreased by £1.63M (-12%)

Employees

N/A

Decreased by 65 (-100%)

Debt Ratio

30%

Increased by 6 (+25%)

Financial History

Revenue, profit, EBITDA and key financial figures

	2024 Dec Year End	2022 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

7 Allotments 298 Shares £63.19m Total

Date From	Share Class	Shares Allotted	Amount Raised	Price/Share
29 Sept 2022	A ORDINARY	1	£29.19m	£29.19m
30 Nov 2021	A ORDINARY	1	£21.84m	£21.84m
30 Nov 2021	A ORDINARY	1	£2.45m	£2.45m
30 Nov 2021	A ORDINARY	1	£5.39m	£5.39m
1 Oct 2020	A ORDINARY	1	£4.21m	£4.21m

Officers

6 active 20 resigned

Show resigned officers

						Status
Alan Tait	Director	British	Scotland	40	8 Oct 2022	Active
Andrew George Taylor	Director	British	Scotland	57	1 Nov 2022	Active
Andrew Peter Davison	Director	British	Scotland	58	8 Oct 2022	Active
David Andrew Weidner	Director	American	United States	50	8 Oct 2022	Active
Lorna Barclay	Secretary	Unknown	Unknown	—	14 May 2024	Active
Niall Graham Strachan	Director	British	Scotland	41	8 Oct 2022	Active

Shareholders

Shareholders (3)


Pelion Holdings Limtied	83.2%	2,606	A Ordinary	5 Oct 2023
Pelion Holdings Limited	14.1%	443	B Ordinary	5 Oct 2023
Pelion Holdings Limited	2.7%	85	C Ordinary	5 Oct 2023

Persons with Significant Control

Persons with Significant Control (1)

1 Active 4 Ceased

Tennant Bidco Limited

United Kingdom

Active

Notified 8 Oct 2022

Nature of Control

Ownership Of Shares 75 To 100 Percent
Voting Rights 75 To 100 Percent
Right To Appoint And Remove Directors

Softbank Group Capital Limited

Ceased 8 Oct 2022

Ceased

Kevin Mcdowall

Ceased 1 Jun 2018

Ceased

Arm Limited

Ceased 15 Feb 2022

Ceased

Nigel Andrew Chadwick

Ceased 1 Jun 2018

Ceased

See All Controllers

Group Structure

PELION HOLDINGS LIMITED united kingdom shares 50 to 75 percent, voting rights 50 to 75 percent, appoint/remove directors

SEP VI LP united kingdom appoint/remove person

SEP VI CO-INVESTMENT 1 LP united kingdom significant influence or control

SCOTTISH EQUITY PARTNERS LLP united kingdom

SOUTER TENNANT LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

HERMES GPE INNOVATION FUND LP united kingdom part right to share surplus assets 25 to 50 percent

SEP VI GP LLP united kingdom voting rights 75 to 100 percent limited liability partnership

BRITISH BUSINESS INVESTMENTS LTD united kingdom shares 75 to 100 percent

HERMES GPE HORIZON II LP united kingdom

HERMES GPE LLP united kingdom voting rights 25 to 50 percent limited liability partnership

HERMES GPE INNOVATION FUND GP LLP united kingdom voting rights 50 to 75 percent limited liability partnership, right to share surplus assets 50 to 75 percent limited liability partnership, appoint/remove members limited liability partnership

SEP VI GENERAL PARTNER LIMITED united kingdom significant influence or control

HIGHLAND AND UNIVERSAL SECURITIES LIMITED united kingdom shares 25 to 50 percent

BBB INVESTMENT HOLDINGS LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

HERMES GPE FOUNDER PARTNER LTD united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

HERMES GPE FOUNDER PARTNER 2 LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

GPE PARTNER LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

FEDERATED HERMES LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

SOUTER INVESTMENTS LIMITED united kingdom

HGT FINANCE B LIMITED united kingdom shares 75 to 100 percent

SEP VENTURES LIMITED united kingdom shares 75 to 100 percent

BRITISH BUSINESS BANK PLC united kingdom

FEDERATED HOLDINGS (UK) II LIMITED united kingdom

HERMES INVESTMENT MANAGEMENT LTD united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

PELION IOT LIMITED Current Company

Charges

2 satisfied

Documents

Company Filings

Date	Category	Description	Document
6 Oct 2025	Confirmation Statement	Confirmation statement made on 2025-09-22 with no updates	View(3 pages)
11 Dec 2024	Accounts	Annual accounts made up to 2024-03-31	View(39 pages)
10 Oct 2024	Confirmation Statement	Confirmation statement made on 2024-09-22 with no updates	View(3 pages)
14 Jun 2024	Officers	Appointment of Lorna Barclay as director on 2024-05-14	View(2 pages)
5 Mar 2024	Accounts	Annual accounts made up to 2023-03-31	View(40 pages)