VERSION 1 SOLUTIONS LIMITED
Get an alert when VERSION 1 SOLUTIONS LIMITED files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-10-14 (in 5mo)
Last made up 2025-09-30
Watchouts
None on the register
Cash
£9M
+21.1% vs 2023
Net assets
£19M
-52% vs 2023
Employees
1,217
+41.7% vs 2023
Profit before tax
-£19M
-248.6% vs 2023
Name history
Renamed 1 time since incorporation
- VERSION 1 SOLUTIONS LIMITED 2015-04-17 → present
- PATECH SOLUTIONS LIMITED 1997-09-24 → 2015-04-17
Net assets
2-year trend · vs Technology median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £107,527,087 | £147,526,051 | |
| Operating profit | £18,408,424 | £20,788,707 | |
| Profit before tax | £12,614,190 | -£18,747,313 | |
| Net profit | £11,654,743 | -£20,809,951 | |
| Cash | £7,255,211 | £8,788,279 | |
| Total assets less current liabilities | £40,405,697 | £24,397,910 | |
| Net assets | £40,046,013 | £19,236,062 | |
| Equity | £40,046,013 | £19,236,062 | |
| Average employees | 859 | 1,217 | |
| Wages | £58,740,606 | £87,124,548 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 17.1% | 14.1% | |
| Net margin | 10.8% | -14.1% | |
| Return on capital employed | 45.6% | 85.2% | |
| Gearing (liabilities / total assets) | 75.2% | 90.6% | |
| Current ratio | 0.61x | 0.61x | |
| Interest cover | 3.18x | 2.11x |
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.
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young, Chartered Accountants
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, 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 12 months from when the financial statements are authorised for issue.”
Group structure
- VERSION 1 SOLUTIONS LIMITED · parent
- Version 1 Services Private Limited 100%
- Instinctive Business Intelligence Limited 100%
- Qubix International Limited 100%
- Qubix Consulting Private Limited 100%
- Version 1 US Inc. 100%
- Version 1 Pty Limited 100%
- Version 1 Svetovanje d.o.o. 100%
- Automation Logic Limited 100%
- Sixtyone Holdings Limited 100%
- Farsight Consulting Limited 100%
Significant events
- “On 20 May 2024, the Company acquired Sixtyone Holdings Limited for £33,222,680 and all its subsidiaries.”
- “On 27 January 2023, the Company acquired Automation Logic Limited for £50,384,899.”
- “There are no significant events since the Statement of Financial Position date which would require amendment to or disclosure in these financial statements.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 14 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| COONEY, Patrick | Secretary | 2024-11-15 | — | — |
| COONEY, Patrick Francis | Director | 2024-03-31 | Apr 1976 | Irish |
| SINGH, Roopinder | Director | 2025-06-09 | Jan 1965 | British |
Show 14 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BIRD, Anthony Donald | Secretary | 1997-09-24 | 2014-11-27 |
| CROWLEY, Rita | Secretary | 2014-11-27 | 2015-09-01 |
| KEATINGE, Justin, Mr. | Secretary | 2015-09-01 | 2017-03-31 |
| O'CONNOR, Tom | Secretary | 2017-03-31 | 2024-11-15 |
| KEY LEGAL SERVICES (SECRETARIAL) LIMITED | Corporate Nominee Secretary | 1997-09-24 | 1997-09-24 |
| BIRD, Anthony Donald | Director | 1997-09-24 | 2014-11-27 |
| BUCK, Philip | Director | 1999-10-01 | 2014-11-27 |
| DOOLEY, Jarlath | Director | 2014-11-27 | 2022-07-01 |
| IRISH, Timothy Norris | Director | 1997-09-24 | 2014-11-27 |
| KEATINGE, Justin | Director | 2014-11-27 | 2017-03-31 |
| LAHIFF, Louise Christina, Mrs. | Director | 2022-07-13 | 2025-04-30 |
| LANGFORD, Andrew, Mr. | Director | 2017-09-11 | 2024-03-31 |
| O'CONNOR, Tom, Mr. | Director | 2017-03-31 | 2024-11-08 |
| KEY LEGAL SERVICES (NOMINEES) LIMITED | Corporate Nominee Director | 1997-09-24 | 1997-09-24 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Version 1 Software Uk Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 137 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-23 | SH01 | capital | Capital allotment shares | |
| 2025-10-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-29 | AA | accounts | Accounts with accounts type full | |
| 2025-09-15 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-12 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-15 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-11-15 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-15 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-10-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-11 | CH01 | officers | Change person director company with change date | |
| 2024-10-11 | CH03 | officers | Change person secretary company with change date | |
| 2024-09-30 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-09-18 | AA | accounts | Accounts with accounts type full | |
| 2024-04-03 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-03 | TM01 | officers | Termination director company with name termination date | |
| 2023-11-02 | CH01 | officers | Change person director company with change date | |
| 2023-11-01 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-10-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-12 | AA | accounts | Accounts with accounts type full | |
| 2022-10-03 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 1
- Officers appointed
- 1
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+37.2%
£107,527,087 £147,526,051
-
Cash
+21.1%
£7,255,211 £8,788,279
-
Net assets
-52%
£40,046,013 £19,236,062
-
Employees
+41.7%
859 1,217
-
Operating profit
+12.9%
£18,408,424 £20,788,707
-
Profit before tax
-248.6%
£12,614,190 -£18,747,313
-
Wages
+48.3%
£58,740,606 £87,124,548
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