ABACUS SOFTWARE LIMITED

• ⚠

  Material uncertainty over going concern

  The Company made a profit this year of £0.6m (2023: £0.6m) but has net liabilities of £2.3m (2023: £3.0m). As a result the company is reliant on the support from the ultimate parent company, Colonnade Intermediate LLC (the "Parent Company") to continue as a going concern and to evidence this, the directors have been provided with a letter of support. This undertaking will enable the company to meet its liabilities as they fall due for the foreseeable future. The directors understand that the Parent Company has every intention to continue to support the company however accepts that there cannot be complete certainty over this.

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

  -1.9%

  £3,982,000 → £3,905,000

• Cash

  +130.4%

  £237,000 → £546,000

• Net assets

  +21.1%

  -£2,997,000 → -£2,364,000

• Employees

  -2.6%

  38 → 37

• Operating profit

  -4.2%

  £874,000 → £837,000

• Profit before tax

  +15.9%

  £611,000 → £708,000

• Wages

  -2.8%

  £1,837,000 → £1,786,000

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. ABACUS SOFTWARE LIMITED 1997-12-16 → present
2. SPEED 6388 LIMITED 1997-06-16 → 1997-12-16

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Crowe UK LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Company made a profit this year of £0.6m (2023: £0.6m) but has net liabilities of £2.3m (2023: £3.0m). As a result the company is reliant on the support from the ultimate parent company, Colonnade Intermediate LLC (the "Parent Company") to continue as a going concern and to evidence this, the directors have been provided with a letter of support. This undertaking will enable the company to meet its liabilities as they fall due for the foreseeable future. The directors understand that the Parent Company has every intention to continue to support the company however accepts that there cannot be complete certainty over this.”

Significant events

• “In March 2024 an associated company of Abacus acquired the trade and assets of Press Computer Systems (PCS) in the UK. PCS is a long established and respected competitor in the industry so this acquisition increases our customer base, adds new products and services to our portfolio and further consolidates Naviga's strength and leading position in the UK market.”

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

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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