Openuk

Openuk from London UK: a small, active company founded seven years ago, employs four people, and holds £102,601 in assets. It operates from a virtual address, managed by ten directors, and curiously, has no registered owners. The company irregularly imports electrical machinery and equipment, with just one month of activity recorded back in 2021.

Openuk is a UK organisation convening business, academia, and technologists across open tech. Its website showcases a wide range of activities, including community awards, legal and policy initiatives, and learning programs focused on open-source skills. It also hosts events, publishes reports, and provides a platform for press and blog content—a clear focus on fostering a vibrant open technology ecosystem. The site doesn's appear to be an e-commerce platform, but rather a hub for information, networking, and advocacy.

Financially, Openuk is showing some concerning trends. Current assets have fallen by 28% to £100,000, and net assets have plummeted 200% to -£11,000. Cash reserves have also decreased significantly, dropping 55% to £16,000. Bank borrowings have increased, and trade debtors are up, suggesting potential cash flow issues. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s likely exempt from an audit, and the unaudited figures rely on director-reported data. The lack of retained earnings is a notable point. It seems that Openuk is burning through its cash reserves, which is common for non-profits.

Registered in England/Wales under the registration number 11209475, with a registered address at EC1R 5HL, United Kingdom, London, 8 Coldbath Square.

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