UK Companies House feature
DEVTECH LIMITED
Cash
£253K
+233.6% vs 2021
Net assets
-£249K
-20.3% vs 2021
Employees
2
+100% vs 2021
Profit before tax
—
Period ending 2022-12-31
Profile
- Company number
- 08409744
- Status
- Active
- Incorporation
- 2013-02-19
- Last accounts made up
- 2024-12-31
- Account category
- GROUP
- Primary SIC
- 62090
Net assets
4-year trend · vs UK AI & Enterprise SaaS median
Accounts
4-year trend · latest 2022-12-31
| Metric | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 |
|---|---|---|---|---|---|
| Turnover | — | — | — | — | |
| Operating profit | — | — | — | — | |
| Profit before tax | — | — | — | — | |
| Net profit | — | — | — | — | |
| Cash | £24,267 | £198,683 | £75,877 | £253,154 | |
| Total assets less current liabilities | — | — | -£206,803 | £664,265 | |
| Net assets | -£29,934 | -£414,707 | -£206,803 | -£248,700 | |
| Equity | -£29,934 | -£414,707 | — | — | |
| Average employees | 1 | 1 | 1 | 2 | |
| 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 102
- Reporting scope
- Consolidated (group)
- Auditor
- HaysMac LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Following an assessment of future financial performance, including profit and cash flow, the Board of Directors has determined that preparation of the Company's financial statements on a going concern basis is appropriate.”
Subsidiaries
- Devtech d.o.o · 100% held · Serbia
- Devtech Employee Holdings Limited · 100% held · United Kingdom
- Devtech International LLC · 100% held · Delaware DE
- Devtech doo Banja Luka (RS) · 100% held · Bosnia and Herzegovina
- Devtech MAK · 100% held · Macedonia
- Saturized · 100% held · Serbia
Significant events
- “In June 2022, Claret Capital Partners (UK) provided €2.25M, which was fully repaid as part of a new £5M debt facility from Growth Lending (UK) which closed in October 2024.”
- “In 2024, the Company reported a 24% increase in revenue and 53% annual recurring revenue growth, attributed mainly from two new customers that contribute €600K in monthly, or €7.2M in annualised, revenue.”
- “In 2024, the Company issued a warrant to GL 2024 Limited in connection with a new loan facility agreement.”
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 · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MBM SECRETARIAL SERVICES LIMITED | Corporate Secretary | 2020-08-24 | — | — |
| MILIC, Milovan | Director | 2013-02-19 | Jul 1986 | Serbian |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| PRATT, David Jonathan | Director | 2013-02-19 | 2015-04-14 |
| STANISIC, Igor | Director | 2013-02-19 | 2013-11-29 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Milovan Milic | Individual | Shares 75–100%, Voting 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 61 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2025-11-03 | CS01 | confirmation-statement | confirmation statement with updates |
| 2025-09-22 | AA | accounts | accounts with accounts type group |
| 2025-03-12 | SH01 | capital | capital allotment shares |
| 2025-02-17 | AA | accounts | accounts with accounts type total exemption full |
| 2025-01-07 | MR04 | mortgage | mortgage satisfy charge full |
| 2025-01-07 | MR04 | mortgage | mortgage satisfy charge full |
| 2024-12-10 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2024-12-10 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2024-11-28 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2024-11-04 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2024-10-13 | MA | incorporation | memorandum articles |
| 2024-10-13 | RESOLUTIONS | resolution | resolution |
| 2024-10-13 | RESOLUTIONS | resolution | resolution |
| 2024-10-08 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2024-10-07 | MR04 | mortgage | mortgage satisfy charge full |
| 2024-10-07 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2024-08-28 | AD01 | address | change registered office address company with date old address new address |
| 2024-01-04 | PSC04 | persons-with-significant-control | change to a person with significant control |
| 2024-01-04 | CH01 | officers | change person director company with change date |
| 2023-11-02 | CS01 | confirmation-statement | confirmation statement with no updates |
Credit score
Altman Z″ — composite of working capital, retained earnings, EBIT, and leverage
Activity Score
Filings velocity, capital events, officer churn, accounts trajectory