Aegiq Ltd

Aegiq Ltd is a small, active company based in Sheffield, UK, founded five years ago in December 2019. With £871,417 in assets and a real registered address, it employs twelve people and is led by five directors—though no owners are officially listed. The company operates in various tech-related fields, including telecommunications, IT services, and engineering design. It's a regular importer of optical and medical tools and devices, with 23 months of import activity recorded, and a regular exporter of electrical machinery and equipment, with five months of export activity.

Aegiq's website paints a picture of a company at the forefront of quantum computing. It describes itself as a "fullstack photonic quantum computing company" working with customers in defence, aerospace, cybersecurity, and AI. The company offers comprehensive end-user solutions, component modules, proprietary photonic microchips, hardware systems, and quantum software. Its flagship product, the Artemis photonic quantum computer, is described as reconfigurable and designed for deployment and implementation of photonic-based quantum computing. The website also highlights partnerships and membership in various ecosystems.

Financially, Aegiq Ltd shows a mixed picture. Current assets increased by 24% to £870,000, while net assets remained steady at -£1,300,000. Bank borrowings surged by 210% to £1,200,000, and cash reserves increased by 19% to £320,000. Creditors decreased by 55%, which is a good sign. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble, but the negative equity is a concern. The company is exempt from an audit, so the figures are unaudited. The increase in bank borrowings suggests the company is investing in its quantum computing technology, but it also raises questions about its long-term financial sustainability.

Registered in England/Wales under the registration number 12359822, with a registered address at S1 2NS, United Kingdom, Sheffield, Cooper Buildings, Arundel Street.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.