UK Companies House feature
VITAL SOFTWARE LIMITED
Cash
£218K
+69.3% vs 2023
Net assets
£69K
+131.1% vs 2023
Employees
22
+29.4% vs 2023
Profit before tax
£296K
+132.5% vs 2023
Profile
- Company number
- 05791441
- Status
- Active
- Incorporation
- 2006-04-24
- Last accounts made up
- 2024-12-31
- Account category
- FULL
- Primary SIC
- 62090
Net assets
5-year trend · vs UK AI & Enterprise SaaS median
Accounts
5-year trend · latest 2024-12-31
| Metric | Trend | 2020-06-30 | 2021-06-30 | 2022-06-30 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Turnover | — | — | — | £2,275,463 | £1,601,215 | |
| Operating profit | — | — | — | -£100,331 | £296,963 | |
| Profit before tax | — | — | — | -£908,135 | £295,574 | |
| Net profit | — | — | — | -£761,224 | £292,248 | |
| Cash | — | £60,127 | — | £128,920 | £218,250 | |
| Total assets less current liabilities | — | — | — | -£187,257 | £103,019 | |
| Net assets | — | — | — | -£222,868 | £69,380 | |
| Equity | £980,380 | £1,321,090 | £1,263,061 | -£222,868 | £69,380 | |
| Average employees | — | 14 | — | 17 | 22 | |
| Wages | — | — | — | — | — |
Values shown as filed in iXBRL accounts. — indicates the figure was not present in the extracted filing (either not filed under that concept or absent from the period). About these numbers
Audit & accounting basis
From AI-extracted PDF accounts
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- S&W Audit
- 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 at least twelve months from when the financial statements are authorised for issue.”
Significant events
- “During the previous period the company entered into offset agreements and debt waiver agreements as part of a restructuring process immediately preceding acquisition by the Vela Software Pty Limited on 1 April 2023. These transactions are both material and exceptional due to their one off nature pursuant to as restructure process. As such, the resulting intercompany loan waiver above is recognised as an exceptional item after operating profit.”
- “Following a change in ownership, the company has adopted a revised policy for recognising its contract services as operating expenditure instead of selling costs to be consistent with the rest of the group.”
- “Following a change in ownership, the company has adopted a revised policy under which all research and development expenditure is expensed as incurred.”
- “On 1 April 2023, the Company's parent was acquired. The end of the reporting period was therefore changed from June to December in order to bring it in line with the rest of the group. The comparative figures therefore cover the 18 month period to December 2023. As a result, the amounts presented in the financial statements are not entirely comparable.”
Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers
People
2 active · 16 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CLEARWATER, Mark Edward | Director | 2025-07-09 | Dec 1974 | Australian |
| O'HAGAN, James Tyler | Director | 2023-04-01 | Sep 1983 | Canadian |
Show 16 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BEVERTON, Neil David | Secretary | 2009-10-02 | 2010-09-28 |
| DURAN, Angela Mary | Secretary | 2006-06-01 | 2009-10-02 |
| GEORGES, Nick | Secretary | 2020-07-24 | 2023-04-01 |
| KNIGHT, Roger Malcolm | Secretary | 2006-04-24 | 2006-06-01 |
| SHAW, Victoria Anne | Secretary | 2010-09-28 | 2015-11-15 |
| BUSHELL, Keith Robert | Director | 2006-04-24 | 2019-07-25 |
| BUSHELL, Roger | Director | 2010-09-28 | 2018-03-07 |
| DAVIES, Rhys William | Director | 2022-06-27 | 2023-04-01 |
| DODD, Paul Graeme | Director | 2015-11-15 | 2018-12-13 |
| EAVY, Nathan Zachery | Director | 2014-11-01 | 2023-03-28 |
| KNIGHT, Roger Malcolm | Director | 2006-04-24 | 2010-09-28 |
| MARTIN, Gary | Director | 2018-09-07 | 2023-04-01 |
| O'DONNELL, Justin Phillip | Director | 2018-09-07 | 2020-07-24 |
| RUSHFORTH, Allan | Director | 2020-01-28 | 2021-12-06 |
| SHAW, Victoria Anne | Director | 2010-08-05 | 2014-11-01 |
| WHITING, Ian Clive | Director | 2023-04-01 | 2025-07-09 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Vela Apac Uk Holdco Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-01-01 | Active |
| Optimus Bidco Pty Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-05-26 | Ceased 2022-11-11 |
| Mr Roger Bushell | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2017-05-26 |
| Mr Keith Robert Bushell | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2017-05-26 |
Filing timeline
Last 20 of 111 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2025-12-19 | AA | accounts | accounts with accounts type full |
| 2025-07-25 | AP01 | officers | appoint person director company with name date |
| 2025-07-25 | TM01 | officers | termination director company with name termination date |
| 2025-07-02 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2024-10-06 | AA | accounts | accounts with accounts type small |
| 2024-07-01 | CS01 | confirmation-statement | confirmation statement with updates |
| 2024-01-13 | PSC02 | persons-with-significant-control | notification of a person with significant control |
| 2024-01-11 | PSC09 | persons-with-significant-control | withdrawal of a person with significant control statement |
| 2023-07-19 | CS01 | confirmation-statement | confirmation statement with updates |
| 2023-06-30 | AA | accounts | accounts with accounts type full |
| 2023-06-19 | AA01 | accounts | change account reference date company current extended |
| 2023-05-01 | RP04AP01 | officers | second filing of director appointment with name |
| 2023-04-26 | TM02 | officers | termination secretary company with name termination date |
| 2023-04-26 | TM01 | officers | termination director company with name termination date |
| 2023-04-26 | TM01 | officers | termination director company with name termination date |
| 2023-04-26 | AP01 | officers | appoint person director company with name date |
| 2023-04-26 | AP01 | officers | appoint person director company with name date |
| 2023-04-14 | RESOLUTIONS | resolution | resolution |
| 2023-04-14 | RESOLUTIONS | resolution | resolution |
| 2023-03-31 | MR04 | mortgage | mortgage satisfy charge full |
Credit score
Altman Z″ (private-firm) · reference 2024-12-31
3.20
SAFE
Altman Z″
- Working capital / Total assets 0.081 × 6.56 = +0.53
- Retained earnings / Total assets 0.000 × 3.26 = +0.00
- EBIT / Total assets 0.382 × 6.72 = +2.57
- Book equity / Total liabilities 0.098 × 1.05 = +0.10
Bands: > 2.6 safe · 1.1–2.6 grey · < 1.1 distress. Z″ is a public-formula baseline, not a substitute for adverse-data signals (CCJs, charges, gazette notices) — those land in a later pass.
Activity Score
Filings velocity, capital events, officer churn, accounts trajectory