DERIVATION SOFTWARE LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-10-01 (in 5mo)
Last made up 2025-09-17
Watchouts
Cash
£672K
+114.9% highest in 4 filed years
Net assets
-£744K
-1.5% vs 2023
Employees
7
-12.5% lowest in 4 filed years
Profit before tax
-£13K
-297.1% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
We draw attention to Note 2 to the financial statements which explains that the directors intend to liquidate the company and therefore do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly the financial statements have been prepared on a basis other than going concern as described in Note 2.
Name history
Renamed 1 time since incorporation
- DERIVATION SOFTWARE LIMITED 2002-04-08 → present
- OXFORD TRADING SYSTEMS LIMITED 1999-06-04 → 2002-04-08
Net assets
5-year trend · vs Technology median
Accounts
5-year trend · latest reflected 2024-12-31
| Metric | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Turnover | — | £530,078 | £460,498 | £446,191 | £347,068 | |
| Operating profit | — | -£226,100 | -£106,730 | £84,099 | £64,384 | |
| Profit before tax | — | -£233,902 | -£114,332 | £6,832 | -£13,467 | |
| Net profit | — | -£211,819 | -£80,018 | £5,243 | -£10,908 | |
| Cash | — | £149,342 | £367,351 | £312,581 | £671,684 | |
| Total assets less current liabilities | — | — | — | -£733,223 | -£744,131 | |
| Net assets | — | -£709,463 | -£789,481 | -£733,223 | -£744,131 | |
| Equity | -£497,644 | -£709,463 | -£789,481 | -£733,223 | -£744,131 | |
| Average employees | — | 12 | 10 | 8 | 7 | |
| Wages | — | £415,780 | £266,400 | £190,406 | £147,221 |
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 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | — | -42.7% | -23.2% | 18.8% | 18.6% | |
| Net margin | — | -40.0% | -17.4% | 1.2% | -3.1% | |
| Return on capital employed | — | — | — | -11.5% | -8.7% | |
| Gearing (liabilities / total assets) | — | — | — | 180.8% | 162.8% | |
| Current ratio | — | — | — | 0.41x | 0.49x | |
| Interest cover | — | -28.98x | -14.04x | 1.09x | 0.83x |
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 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Wenn Townsend
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“We draw attention to Note 2 to the financial statements which explains that the directors intend to liquidate the company and therefore do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly the financial statements have been prepared on a basis other than going concern as described in Note 2.”
Group structure
- DERIVATION SOFTWARE LIMITED · parent
- Derivation Software, Corp. 100%
Significant events
- “Directors decided to wind down and close the company, with assets and liabilities to be transferred to a fellow group company. Accounts are prepared on a basis other than going concern.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 9 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DUSTGIR, Kashif | Secretary | 2016-04-08 | — | — |
| HOLMES, Andrew John | Secretary | 2023-06-01 | — | — |
| DUPAIS, Aldric Devrig, Gaetan | Director | 2023-06-01 | Nov 1973 | French |
| JIVA, Anvaraly | Director | 2016-04-08 | Mar 1952 | French |
Show 9 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HASELDINE, Marika | Secretary | 2007-12-03 | 2016-04-08 |
| PERKINS, David | Secretary | 1998-09-18 | 2007-12-03 |
| FORM 10 SECRETARIES FD LTD | Corporate Nominee Secretary | 1998-09-17 | 1998-09-17 |
| BRAY, Richard John | Director | 1999-03-04 | 2016-04-08 |
| DE VERTEUIL, Michael | Director | 2016-04-08 | 2023-05-31 |
| LENEHAN, Kevin | Director | 2008-01-31 | 2013-01-08 |
| PERKINS, David | Director | 1998-09-18 | 2016-04-08 |
| PORTER, Laurence David | Director | 2000-02-07 | 2016-04-08 |
| FORM 10 DIRECTORS FD LTD | Corporate Nominee Director | 1998-09-17 | 1998-09-17 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Anvaraly Jiva | Individual | Shares 50–75% | 2016-04-08 | Active |
Filing timeline
Last 20 of 113 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-31 | AA | accounts | Accounts with accounts type full | |
| 2025-09-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-07 | AA | accounts | Accounts with accounts type full | |
| 2023-09-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-10 | AA | accounts | Accounts with accounts type full | |
| 2023-07-24 | AP01 | officers | Appoint person director company with name date | |
| 2023-07-24 | TM01 | officers | Termination director company with name termination date | |
| 2023-07-24 | AP03 | officers | Appoint person secretary company with name date | |
| 2022-09-30 | AA | accounts | Accounts with accounts type full | |
| 2022-09-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-24 | AA | accounts | Accounts with accounts type total exemption full | |
| 2020-12-15 | AA | accounts | Accounts with accounts type total exemption full | |
| 2020-10-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-07-22 | AD01 | address | Change registered office address company with date old address new address | |
| 2019-10-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-09-24 | AA | accounts | Accounts with accounts type total exemption full | |
| 2018-10-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2018-10-09 | AA | accounts | Accounts with accounts type total exemption full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- 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
-22.2%
£446,191 £347,068
lowest in 4 filed years
-
Cash
+114.9%
£312,581 £671,684
highest in 4 filed years
-
Net assets
-1.5%
-£733,223 -£744,131
-
Employees
-12.5%
8 7
lowest in 4 filed years
-
Operating profit
-23.4%
£84,099 £64,384
first positive since 2021
-
Profit before tax
-297.1%
£6,832 -£13,467
-
Wages
-22.7%
£190,406 £147,221
lowest in 4 filed years
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