River Software (Holdings) Limited
08164975
Some Concerns
- No accounts filed in last 18 months (-5)
- 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 04/04/2013
COMPANY 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
Stonehage Fleming Direct Investments 5 Ltd
No 2, The Forum, St. Helier, JE1 4HH
Reg: 151662 · Jersey Financial Services Commission · Limited Company
Notified 04/04/2024
Former PSCs
Mr Phillip Michael Dunk
Ceased 12/02/2022
Gkf Nominees One Limited
Ceased 04/04/2024
Charges2 outstanding
PULSE FINANCE LIMITED
SANTANDER UK PLC AS SECURITY TRUSTEE FOR EACH GROUP MEMBER
GFK NOMINEES ONE LIMITED
CENTRIC SPV1 LIMITED
CompanyRankvs 49740+ SIC 70100 peers49
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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
identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's or the 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. Our responsibilities and the responsibilities of the directors with respect to going c
Key FinancialsYear ending 30/09/2023
Turnover
£13.9M
Annual revenue
Net Worth
£521k
Balance sheet strength
Cash
£185k
Cash in the bank
Profit Before Tax
-£909k
Bottom line earnings
Net Current Assets
-£1.1M
Working capital
Current Assets
£2.2M
Current Liabilities
£3.3M
Fixed Assets
£1.7M
Debtors
£2.0M
Cost of Sales
£11.9M
Gross Profit
£2.0M
Admin Expenses
£2.7M
Operating Profit
-£851k
Profit After Tax
-£620k
Tax at Year End(2020)
Director Loans
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio |
|---|---|
| 2023 | 0.66 |
| 2020 | 4.02 |
| 2019 | 0.39 |
Derived from filed accounts. Not audited figures.