DIGITAL SPACE MANAGED SERVICES LIMITED

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

• Turnover

  -9.5%

  £13,429,000 → £12,159,000

• Cash

  +1,533.3%

  £3,000 → £49,000

• Net assets

  +9.8%

  £19,759,000 → £21,703,000

• Employees

  -14%

  57 → 49

• Operating profit

  +17.1%

  £1,750,000 → £2,050,000

• Profit before tax

  +130.6%

  £889,000 → £2,050,000

• Wages

  -9.7%

  £2,812,000 → £2,540,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

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.

1. DIGITAL SPACE MANAGED SERVICES LIMITED 2021-06-30 → present
2. TIMICO MANAGED SERVICES LIMITED 2019-07-01 → 2021-06-30
3. ATOS IT OUTSOURCING SERVICES LIMITED 2015-07-02 → 2019-07-01
4. XEROX IT SERVICES LIMITED 2013-10-10 → 2015-07-02
5. XEROX IT SERVICES LTD 2013-10-01 → 2013-10-10
6. ACS INFORMATION TECHNOLOGIES UK LIMITED 2009-06-08 → 2013-10-01
7. SYAN LIMITED 1990-06-06 → 2009-06-08
8. CYAN LIMITED 1988-02-24 → 1990-06-06
9. MENTOR SOFTWARE SERVICES LIMITED 1986-01-21 → 1988-02-24

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

Grant Thornton UK LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have prepared the Financial Statements on a going concern basis. In making this assessment, the Directors have reviewed the Group's current and forecast financial position, expected future cash flows, and the ongoing availability of financing facilities. The results of these stress tests demonstrate that, even under reasonably possible downside scenarios, the Group would continue to maintain sufficient liquidity.”

Significant events

• “Following the year end, the Directors and Senior Leadership Team have launched a targeted investment programme that underscores the business's commitment to: Strengthening core capabilities, Enhancing the customer experience, Empowering teams with industry-leading tools.”
• “On 10 November 2022, funds managed by Graphite Capital completed a Secondary Buy Out (SBO) of the Digital Space group of companies from Lyceum Capital Partners LLP.”
• “On 14 August 2024, a further £1,300,000 A loan notes were issued at £1.00 per note.”
• “On 5 December 2024, a further £2,000,000 A loan notes were issued at £1.00 per note.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.