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
Previously known as
Compliance
Last accounts
31/12/2024
medium
Next accounts due
30/09/2026
Confirmation statement
Last: 30/04/2026
Due 14/05/2027
Industry
Officers
director · Since 16/10/2003
MANAGING DIRECTOR
BRITISH · ENGLAND · Age 57
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
secretary · Since 21/05/2025
Former
corporate director · Resigned 01/07/2001
corporate secretary · Resigned 01/07/2001
secretary · Resigned 01/10/2001
secretary · Resigned 02/06/2003
director · Resigned 02/05/2006
director · Resigned 31/07/2013
director · Resigned 31/07/2013
secretary · Resigned 31/07/2013
director · Resigned 04/04/2024
director · Resigned 04/04/2024
secretary · Resigned 04/04/2024
secretary · Resigned 21/05/2025
director · Resigned 26/08/2025
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
PULSE FINANCE LIMITED
SANTANDER UK PLC AS SECURITY TRUSTEE FOR EACH GROUP MEMBER
Change History
Active
Private Limited Company
MIDWAY HOUSE HERRICK WAY
CHELTENHAM
CompanyRankvs 88644+ 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 concern are d
Key FinancialsYear ending 31/12/2025
Turnover
£12.3M
Annual revenue
Net Worth
-£1.0M
Balance sheet strength
Cash
£149k
Cash in the bank
Profit Before Tax
-£567k
Bottom line earnings
Net Current Assets
-£1.3M
Working capital
Current Assets
£1.6M
Current Liabilities
£2.8M
Fixed Assets
£252k
Debtors
£1.4M
Cost of Sales
£10.8M
Gross Profit
£1.5M
Admin Expenses
£1.7M
Operating Profit
-£497k
Profit After Tax
-£425k
Director Loans
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.56 | -£425k |
| 2024 | 0.67 | -£405k |
| 2023 | 0.76 | — |
Derived from filed accounts. Not audited figures.