API SOFTWARE LIMITED
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Cash
£6.9m
+66.8% highest in 6 filed years
Net assets
-£5.9m
-36.5% lowest in 6 filed years
Employees
180
+11.8% highest in 6 filed years
Profit before tax
-£1.2m
+17.6% vs 2025
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
-
Negative shareholders' funds
Net assets
6-year trend · vs Technology median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2026-01-31
| Metric | Trend | 2021-01-31 | 2022-01-31 | 2023-01-31 | 2024-01-31 | 2025-01-31 | 2026-01-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | £9,041,854 | £10,804,518 | £13,252,726 | £16,051,508 | £20,864,211 | £28,002,836 | +34.2% | |
| Operating profit | — | -£827,096 | -£2,317,447 | -£3,457,466 | -£1,284,165 | -£981,893 | +23.5% | |
| Profit before tax | £573,427 | -£863,154 | -£2,342,281 | -£3,604,927 | -£1,486,880 | -£1,224,469 | +17.6% | |
| Net profit | £544,292 | -£707,191 | -£1,668,519 | -£2,759,427 | -£1,274,476 | -£1,237,454 | +2.9% | |
| Cash | £2,899,082 | £2,470,279 | £1,063,081 | £1,833,326 | £4,143,481 | £6,910,234 | +66.8% | |
| Total assets less current liabilities | £2,550,914 | £1,647,629 | -£238,165 | £824,582 | -£1,959,952 | -£5,760,587 | -193.9% | |
| Net assets | £2,169,760 | £1,382,522 | -£285,996 | -£3,045,418 | -£4,323,640 | -£5,902,473 | -36.5% | |
| Equity | £2,169,760 | £1,382,522 | -£285,996 | -£3,045,418 | -£4,323,640 | -£5,902,473 | -36.5% | |
| Average employees | 82 | 102 | 137 | 155 | 161 | 180 | +11.8% | |
| Wages | £4,513,790 | £5,923,077 | £8,301,083 | £10,354,219 | £11,765,776 | £13,867,216 | +17.9% | |
| Directors' remuneration | £393,617 | £478,711 | £521,500 | £603,886 | £766,990 | £812,919 | +6% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2021-01-31 | 2022-01-31 | 2023-01-31 | 2024-01-31 | 2025-01-31 | 2026-01-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | -7.7% | -17.5% | -21.5% | -6.2% | -3.5% | |
| Net margin | 6.0% | -6.5% | -12.6% | -17.2% | -6.1% | -4.4% | |
| Return on capital employed | — | -50.2% | — | -419.3% | — | — | |
| Gearing (liabilities / total assets) | — | — | — | 126.6% | 134.6% | 136.9% | |
| Current ratio | — | — | — | 1.05x | 0.84x | 0.72x | |
| Interest cover | — | -22.78x | -84.19x | -20.72x | -4.53x | -3.49x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 2 times since incorporation
- API SOFTWARE LIMITED 1995-11-16 → present
- OASYS TECHNOLOGY LIMITED 1995-03-01 → 1995-11-16
- CORRIE COMPUTING LIMITED 1994-12-15 → 1995-03-01
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Johnston Carmichael LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group or parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- API SOFTWARE LIMITED · parent
- API Software Inc 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DENTONS SECRETARIES LIMITED | Corporate Secretary | 2021-12-01 | — | — |
| BAIN, Kenneth | Director | 2021-02-25 | Jul 1973 | British |
| DAVISON, Andrew Peter | Director | 2021-02-25 | Aug 1967 | British |
| LIVESEY, Chris | Director | 2023-11-01 | May 1969 | British |
| MCHARG, Gordon | Director | 1994-12-15 | Aug 1967 | British |
| RAMPTON, Taylor | Director | 2024-07-16 | Aug 1994 | British |
| ROCHE, Jeremy Byron | Director | 2021-10-25 | Jan 1965 | British |
| SLATFORD, Karen | Director | 2021-10-25 | Sep 1956 | British |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MCHARG, Gordon | Secretary | 1994-12-15 | 2021-12-01 |
| REID, Brian | Nominee Secretary | 1994-12-15 | 1994-12-15 |
| CONROY, Angus Mark | Director | 2021-02-25 | 2024-02-29 |
| MABBOTT, Stephen | Nominee Director | 1994-12-15 | 1994-12-15 |
| MOROSI, Steven | Director | 1994-12-15 | 2021-02-25 |
| MUIR, James Anderson | Director | 2009-01-01 | 2014-08-08 |
| URQUHART, George | Director | 1994-12-15 | 2021-02-25 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Api Software Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2026-07-17 | Active |
| Sep V Lp | Corporate entity | Shares 50–75%, Voting 50–75%, Appoints directors | 2021-02-25 | Ceased 2026-07-17 |
| Mr Steven Morosi | Individual | Shares 25–50% | 2016-04-06 | Ceased 2021-02-25 |
| Mr Gordon Mcharg | Individual | Shares 25–50% | 2016-04-06 | Ceased 2021-02-25 |
| Mr George Urquhart | Individual | Shares 25–50% | 2016-04-06 | Ceased 2021-02-25 |
Filing timeline
Last 20 of 178 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-07-23 MA Memorandum articles
- 2026-07-23 RESOLUTIONS Resolution
- 2026-06-10 RESOLUTIONS Resolution
- 2025-07-08 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-31 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-07-24 | SH08 | capital | Capital name of class of shares | |
| 2026-07-23 | MA | incorporation | Memorandum articles | |
| 2026-07-23 | RESOLUTIONS | resolution | Resolution | |
| 2026-07-23 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-07-23 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-07-10 | AA | accounts | Accounts with accounts type group | |
| 2026-06-24 | SH06 | capital | Capital cancellation shares | |
| 2026-06-24 | SH03 | capital | Capital return purchase own shares | |
| 2026-06-10 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2026-06-10 | CAP-SS | insolvency | Legacy | |
| 2026-06-10 | SH20 | capital | Legacy | |
| 2026-06-10 | RESOLUTIONS | resolution | Resolution | |
| 2026-05-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-16 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-07-15 | AA | accounts | Accounts with accounts type group | |
| 2025-07-15 | SH03 | capital | Capital return purchase own shares | |
| 2025-07-10 | SH06 | capital | Capital cancellation shares | |
| 2025-07-08 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2025-07-08 | RESOLUTIONS | resolution | Resolution |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 15
- Capital events
- 8
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.