Software2 Holdings Ltd
12944915
Some Concerns
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Last accounts
31/12/2024
group
Next accounts due
30/09/2026
Confirmation statement
Last: 11/10/2025
Due 25/10/2026
Industry
Officers
director · Since 01/10/2025
DIRECTOR
AMERICAN · UNITED STATES · Age 38
Also on 3 other boards
Former
director · Resigned 30/08/2023
director · Resigned 01/10/2025
Persons with Significant Control
Cordance Software, Inc.
838, Walker Road, Dover, 19904
Reg: 10222619 · Delaware Division Of Corporations · Corporation
Notified 01/10/2025
Former PSCs
Mr Nicholas Gunton Johnson
Ceased 01/10/2025
Charges0 outstanding
CLYDESDALE BANK PLC (TRADING AS BOTH CLYDESDALE BANK AND YORKSHIRE BANK)
Change History
Active
Private Limited Company
35 KIRKGATE
LEEDS
CompanyRankvs 16432+ SIC 64209 peers46
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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
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
resources to continue in operational existence for the foreseeable future and there are no material uncertainties that lead to significant doubt upon the group's ability to continue as a going concern. Thus the directors have continued to adopt the going concern basis of accounting in preparing these financial statements. SOFTWARE2 HOLDINGS LTD DIRECTOR'S REPORT (CONTINUED) FOR THE YE
Key FinancialsYear ending 31/12/2024
Net Worth
£8.0M
Balance sheet strength
Cash
£2.0M
Cash in the bank
Net Current Assets
-£2.6M
Working capital
Current Assets
£2.4M
Current Liabilities
£5.1M
Fixed Assets
£176k
Debtors
£2.4M
Cost of Sales
£5.2M
Admin Expenses
£6.1M
Profit After Tax
-£870k
Tax at Year End
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.48 | -£3.0M |
| 2023 | 0.52 | -£1.0M |
| 2021 | 0.83 | — |
Derived from filed accounts. Not audited figures.