jun 23, 2026 - Planqc UK Ltd Intro Call with Marc Guth

Description:

Marc Guth:

Head of Finance

Business:

Quantum computing company
Approximately 120 employees
99% based in Germany

UK Entity:

UK subsidiary incorporated recently
No PAYE registration yet
No VAT registration yet

Projects:

UK Government intends to purchase two quantum computers
Approx. €14m each including VAT
Operations:

Lab space in Cambridge with Cambridge University
Procurement call planned for end of August
Project expected to start in October

Group:

Below audit threshold on turnover
Balance sheet > €30m
Employees > 50

Actions:
Year-end change required
Key dates and deadlines to be sent
Include tax residency review
Rödl to prepare information for Marc
BPO options to be suggested

Funding:

€150m equity raise expected
Completion targeted by year-end

Systems:

Germany using DATEV
SKR04 chart of accounts
German quantum accounting principles
Reporting:

Month-end/year-end reporting not yet required under German GAAP
Statutory deadline 30 April

Added to timeline:

Date: