Polaris Software Solutions Limited
04623760
Some Concerns
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 3 outstanding charges (-6)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 18/07/2023
DIRECTOR
BRITISH · ENGLAND · Age 41
Also on 6 other boards
director · Since 13/02/2024
DIRECTOR
BRITISH · SCOTLAND · Age 57
Also on 8 other boards
director · Since 07/11/2025
DIRECTOR
BRITISH · UNITED KINGDOM · Age 49
Also on 8 other boards
Persons with Significant Control
Polaris Software Limited
Senate Court, Southernhay Gardens, Exeter, EX1 1NT
Reg: 14716946 · Registrar Of Companies · Private Limited Company
Notified 22/05/2023
Former PSCs
Mr Allan Harold Freinkel
Ceased 04/04/2023
Mr Jonathan Beare
Ceased 22/05/2023
Charges3 outstanding
INVESTEC BANK PLC
INVESTEC BANK PLC AS SECURITY AGENT
INVESTEC BANK PLC
THE ROYAL BANK OF SCOTLAND PLC
CompanyRankvs 1996+ SIC 62012 peers62
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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 original financial statements were authorised for issue. Our responsibilities and the responsibilities of the directors with respect t
Key FinancialsYear ending 30/06/2025
Turnover
£7.8M
Annual revenue
Net Worth
£3.3M
Balance sheet strength
Cash
£1.3M
Cash in the bank
Profit Before Tax
£1.7M
Bottom line earnings
Net Current Assets
£3.3M
Working capital
Current Assets
£10.5M
Current Liabilities
£7.2M
Fixed Assets
£79k
Debtors
£9.1M
Cost of Sales
£3.5M
Gross Profit
£4.3M
Admin Expenses
£2.7M
Profit After Tax
£1.2M
Tax at Year End(2023)
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 1.45 | +£2.6M |
| 2023 | 1.20 | — |
| 2022 | 1.35 | — |
| 2021 | 1.66 | — |
| 2020 | 1.39 | — |
| 2019 | 1.56 | — |
Derived from filed accounts. Not audited figures.