K3 SOFTWARE UK LIMITED

1. K3 SOFTWARE UK LIMITED 2022-04-01 → present
2. RETAIL SYSTEMS GROUP LIMITED 2009-12-11 → 2022-04-01
3. RETAIL SYSTEMS GROUP PLC 1988-02-22 → 2009-12-11
4. RETAIL COMPUTER SYSTEMS LIMITED 1984-01-06 → 1988-02-22
5. SCULPWEX LIMITED 1983-10-24 → 1984-01-06

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

Crowe U.K. LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“As the Company is in a net current liabilities position as at 30 November 2024, support has been obtained from the ultimate parent company, which has provided a letter of support indicating that they will continue to support the Company in meeting its liabilities for a period of 12 months from the date of approval of the financial statements, to ensure that that there is a reasonable expectation that the Company has adequate resources to continue in operate for the foreseeable future at the time of approving these financial statements.”

Significant events

• “The Group cancelled its Banking Facilities arrangements with Barclays plc in anticipation of receipt of the proceeds from the sale of a fellow subsidiary, NexSys Solutions Limited, which were received on 6 January 2025 totalling £36m gross (£34.3m net of transaction costs and fees). A proportion of these proceeds will be retained within the Group for working capital requirements.”
• “The Company had entered into a cross-guarantee with fellow group undertakings in relation to liabilities with Barclays Bank plc. This fell away in November 2024, with the cancellation of the Group's banking facilities arrangements with Barclays plc in anticipation of receipt of the proceeds from the sale of a fellow subsidiary, NexSys Solutions Limited.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -0.3%

  £5,543,705 → £5,529,203

• Cash

  +3.2%

  £114,839 → £118,519

• Net assets

  -21.3%

  -£5,414,718 → -£6,569,447

• Employees

  -34.7%

  72 → 47

• Operating profit

  +78.6%

  -£4,651,505 → -£996,334

• Profit before tax

  +77%

  -£4,856,800 → -£1,115,394

• Wages

  -40.7%

  £4,383,782 → £2,597,451

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers