RED GATE SOFTWARE GROUP LIMITED

Company number

10343672

Status

Active

Incorporation

2016-08-24

Last accounts made up

2024-12-31

Account category

GROUP

Primary SIC

62012

Hubs

UK AI & Enterprise SaaS

Accounting basis

FRS 102

Reporting scope

Consolidated (group)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have a reasonable expectation that the Company and the Group have adequate resources to continue in operational existence for at least the next 12 months. they therefore continue to adopt the going concern basis in preparing the annual financial statements. The Group's forecasts and projections, taking account of potential and realistic changes in trading performance, continue to indicate that the Group is able to operate within the level of existing cash resources, which at 31 December 2024 was £73.8m (2023: £58.5m). Management have considered a plausible downturn in cashflow and are satisfied that under such a scenario the Group would maintain sufficient financial headroom to continue operations without constraint. Furthermore, the Company and Group are also able to constrain significant future cash outflows if required. Accordingly, the directors have a reasonable expectation that the Company and the Group have adequate resources to continue in operational existence for the foreseeable future being a period of at least 12 months from the date of these financial statements. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.”

Subsidiaries

• Red Gate Software Limited · 100% held · UK · Software development & sales
• Red Gate Software Incorporated · 100% held · US · Customer & sales support
• Red Gate Software Pty Limited · 100% held · Australia · Customer & sales support
• Red Gate Software GmbH · 100% held · Germany · Customer & sales support
• Boxfuse GmbH · 100% held · Germany · Software development & sales
• Red Gate Software Canada Inc. · 100% held · Canada · Event management support

Significant events

• “On 21 January 2025 Red Gate Software B.V. was incorporated in Netherland, an additional indirect subsidiary of Red Gate Software Group Limited.”
• “On 21 May 2024, the Company acquired the assets of solidIT consulting & software development gmbH for £1.3m (€1.5m), comprising DB-Engines.com.”
• “Post year end in March 2025, a dividend of £4.0m was proposed and fully paid for the year ending 31 December 2025.”
• “The Group made qualifying third party indemnity provisions for the benefit of its directors which were made during the year and remain in force at the date of this report.”

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