River Software Limited
04243900
Some Concerns
- Negative net worth (-10)
- Loss before tax (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 2 outstanding charges (-4)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 16/10/2003
MANAGING DIRECTOR
BRITISH · ENGLAND · Age 56
Also on 1 other board
director · Since 04/04/2024
DIRECTOR
BRITISH · ENGLAND · Age 55
Also on 4 other boards
director · Since 04/04/2024
DIRECTOR
BRITISH · ENGLAND · Age 57
Also on 6 other boards
director · Since 19/09/2024
NON EXECUTIVE DIRECTOR
BRITISH · ENGLAND · Age 65
Also on 1 other board
secretary · Since 21/05/2025
Persons with Significant Control
River Software (Holdings) Limited
John Deere House Meteor Court, Barnwood, GL4 3GG
Reg: 08164975 · Companies House · Limited Company
Notified 01/06/2016
Charges2 outstanding
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CompanyRankvs 1097860+ SIC 82990 peers31
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Going concern doubt: -10 pts
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the 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. Our responsibilities and the responsibilities of the directors with respect to going co
Key FinancialsYear ending 31/12/2024
Turnover
£21.6M
Annual revenue
Net Worth
-£583k
Balance sheet strength
Cash
£204k
Cash in the bank
Profit Before Tax
-£2.6M
Bottom line earnings
Net Current Assets
-£966k
Working capital
Current Assets
£2.0M
Current Liabilities
£2.9M
Fixed Assets
£397k
Debtors
£1.8M
Cost of Sales
£19.3M
Gross Profit
£2.3M
Admin Expenses
£4.8M
Operating Profit
-£2.6M
Profit After Tax
-£2.3M
Tax at Year End(2020)
Director Loans
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.67 | -£405k |
| 2023 | 0.76 | -£659k |
| 2020 | 0.75 | -£992k |
| 2019 | 1.30 | — |
Derived from filed accounts. Not audited figures.