No Changes To Cloud Imperium Ownership In 2026

On Wednesday Cloud Imperium's confirmation statement was posted by UK Companies House. For the first time since 2022 the company was able to file the form without updates. From my perspective, not needing to update any information is a good thing.

But what exactly does a confirmation confirm? UK Companies House provides a nice page about confirmation statements.

• Registered office address and single alternative inspection location (SAIL), if applicable.
• Officers: Names, dates of birth, service addresses, and residential details of directors and company secretaries.
• Persons with Significant Control (PSC): Individuals or legal entities holding more than 25% of shares or voting rights, or who otherwise exercise control.
• Principal business activities: Standard Industrial Classification (SIC) codes describing what the business does.
• Share capital and shareholder information: Total number of shares issued, aggregate nominal value, currency, and a list of shareholders (including changes in shareholdings since the last statement).
• Registered email address: A valid contact email for Companies House correspondence (introduced under the Economic Crime and Corporate Transparency Act).
• Lawful purpose statement: A formal confirmation that the company's intended future activities are lawful.

In 2023 Cloud Imperium needed to provide an update to the shareholder information. In October 2022 the company conducted a 10:1 share split which was recorded the following year. In July 2023 the company allocated 30,120 shares to the founders of Turbulent in association of the Turbulent acquisition.

In 2024 the retirement of CIG co-founder Ortwin Freyermuth resulted in wholesale changes to ownership. The Calders' ownership stake in CIG rose to 23.1%, with Keith Calder's Indus Management holding 20.7% of the company's shares.

In 2025 Indus Management purchased 247,520 shares of CIG for $5 million, pushing the Calder's combined ownership of the company up to 23% and Keith Calder's shares accounting for 22.4%. According to the UK Companies House information on confirmation statements, Keith Calder's name will have to appear if Indus Management reaches 25% of the shares. The additional £10 million loan presumably also from Indus does not need to be disclosed in confirmation statements.

But as of last week the Calders combined and individual stakes don't reach the level of requiring such disclosure to the UK government. Of course, we do have the example of 2022's stock split that was performed a month into the next year's disclosure window. But as of now everything looks relatively stable financially.