Spinout Active LTD

Company profile

Phasecraft Limited

Phasecraft | The Quantum Algorithms Company

Using disruptive theory to unlock the power of quantum computing

CRN
11211343
Founded
2018
Age
8

Overview

Browse spinouts
Legal name
PHASECRAFT LIMITED
Region
Unknown
Registered address
77 CHARLOTTE STREET
LONDON
ENGLAND
W1T 4PW
Insolvency history
No

Latest accounts

Financial period: 1 Mar 2024 to 28 Feb 2025

FILLETEDACCOUNTS
Turnover
Unknown
Profit / Loss
Unknown
Employees
31

Company events

Reference milestones and recent Companies House filing stream events.

8 events
02 Mar
2027

Confirmation statement due

Confirmation Due

Next confirmation statement due date

30 Nov
2026

Accounts due

Accounts Due

Next accounts due date

02 Jul
2026

Accounts With Accounts Type Total Exemption Full

Accounts Analysed

AA | Transaction MzUzMDA1Nzk0MmFkaXF6a2N4

Published 02 Jul 2026 11:13

16 Feb
2026

Confirmation statement filed

Confirmation

Last confirmation statement made up date

28 Feb
2025

Accounts filed

Accounts

Last accounts made up date

25 Feb
2025

Confirmation Statement With Updates

Confirmation-statement

CS01 | Transaction MzQ1NjMwNTU1MmFkaXF6a2N4

Published 25 Feb 2025 10:20

07 Oct
2024

Accounts With Accounts Type Total Exemption Full

Accounts Analysed

AA | Transaction MzQzODYwMDM0M2FkaXF6a2N4

Published 07 Oct 2024 02:19

19 Feb
2018

Incorporated

Inception

Company registered at Companies House

Spinout profile

5 entries

Company description

Phasecraft develops quantum software, with applications in modelling and simulations, allowing scientists to predict the outcomes of chemical reactions.

PhaseCraft is a quantum software company that aims to develop software for near-term quantum computers. The company was founded by Ashley Montanaro (University of Bristol), Toby Cubitt and John Morton (UCL).

Project impact

PhaseCraft was founded in 2018, completed its first investment round in early 2019, and employs 2 full-time staff, as well as supporting 3 PhD students. The company is currently focused on early-stage technology development.

Phasecraft
2018
Phasecraft
2018
Phasecraft
2018
Phasecraft
2018
PHASECRAFT LIMITED
2018

Public funding

9 awards
First funded
2020
Funded years
2020, 2021, 2022, 2023, 2024, 2026
Age at first award
2 years

Projects

2026 Collaborative R&D Lead participant

QUantum Algorithms to SImulate MAny-body Physics (QuASi-MaP)

1 Jan 2026 to 31 Dec 2028

Awarded
£349,946
Total cost £499,923

Quantum computing holds great promise for simulating complex quantum many-body systems. This was identified already by Feynman in his 1982 speech at the very beginning of quantum computing as a research field. It remains the most promising application of quantum computing, both near-term and longer-term. The huge potential for large-scale quantum computer...

2024 Small Business Research Initiative Lead participant

Quantum computing solutions for optimisation problems in Energy Grids

1 Jan 2024 to 31 Mar 2025

Awarded
£1,230,706
Total cost £1,230,706

Nowadays, most people and businesses rely on a regular and reliable supply of energy for their day-to-day activities, making the energy grid a critical infrastructure for the country. Building and maintaining grid connections is a costly exercise: building an electric grid can cost up to £1.5m per km of line - costs that are ultimately borne by either the...

2023 Feasibility Studies Lead participant

Feasibility of catalyst simulation on near-term quantum hardware

1 Sep 2023 to 28 Feb 2025

Awarded
£155,558
Total cost £222,226

Quantum computers are expected to be able to solve hard computational challenges that are beyond the reach of our best standard supercomputers. After many years of research in both academia and industry, quantum computers are at the point of outperforming their standard ("classical") counterparts in certain specialised problems. One of the most exciting a...

2023 Lead participant

Quantum computing solutions for optimisation problems in Energy Grids

1 Sep 2023 to 30 Nov 2023

Awarded
£119,863
Total cost £119,863

Nowadays, most people and businesses rely on a regular and reliable supply of energy for their day-to-day activities, making the energy grid a critical infrastructure for the country. Building and maintaining grid connections is a costly exercise: building an electric grid can cost up to £1.5m per km of line - costs that are ultimately borne by either the...

2023 Lead participant

Quantum computing for clean energy innovation

1 Sep 2023 to 30 Nov 2023

Awarded
£119,681
Total cost £119,681

The 'Powering Up Britain' action plan launched in early 2023 by the UK government builds on the net zero strategy and sets clear directions for the country's green energy transition. Increased use of renewable energies sources and better energy storage capacities feature prominently in the action plan as key mechanisms to deliver Net Zero. However at the ...

2022 Collaborative R&D Lead participant

Quantum computing for materials modelling applications in photovoltaics

1 Dec 2022 to 31 May 2024

Awarded
£179,608
Total cost £256,584

Accurate simulation of complex materials yields useful insights, guiding experimental efforts and technological advancements. In photovoltaic applications, these can help to increase solar cell efficiency, their durability and manufacturability, key challenges in the industry. Designing novel materials for clean energy use, or even gaining a full understa...

2022 Collaborative R&D Lead participant

Near-term quantum computing for solving hard industrial optimisation problems

1 Nov 2022 to 30 Apr 2024

Awarded
£191,197
Total cost £273,139

Optimisation and constraint satisfaction problems are ubiquitous in industry, ranging from straightforward tasks such as arranging a timetable to exceptionally challenging ones such as laying out a telecommunications network or a high-performance integrated circuit. Problems like this are associated with the need to search over exponentially many potentia...

2021 Responsive Strategy and Planning Lead participant

Making noisy quantum processors practical: from theory to applications

1 Mar 2021 to 29 Feb 2024

Awarded
£182,146
Total cost £260,209

Quantum computers harness the strange features of quantum mechanical systems in order to solve computational problems that cannot be solved using current (classical) computing technology. The most well-known task where quantum computers outperform classical computers is factoring large numbers, which can be used for breaking encryption. Quantum computers ...

2020 Collaborative R&D

Quantum Computing Platform for NISQ Era Commercial Applications

1 Sep 2020 to 31 Aug 2023

Awarded
£672,080
Total cost £960,114

Rigetti Computing, Oxford Instruments, Standard Chartered, Phasecraft, and the University of Edinburgh will collaborate to advance quantum computing in the UK. The team will address several key aspects of quantum computing including: 1) hardware, infrastructure, and supply chain; 2) accelerating industrial applications; and 3) developing the quantum ecosy...

2020 CR&D Bilateral Lead participant

Quantum computing for battery materials

1 May 2020 to 31 Jan 2022

Awarded
£210,648
Total cost £300,926

Quantum computers are expected to be able to solve hard computational challenges that are beyond the reach of our best standard supercomputers. After many years of research in both academia and industry, quantum computers are at the point of outperforming their standard ("classical") counterparts in certain specialised problems. One of the most exciting a...

Product types

Collaborative R&D CR&D Bilateral Feasibility Studies Responsive Strategy and Planning Small Business Research Initiative