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Cash

£3.9m

-54% vs 2025

Net assets

£21m

-2.6% vs 2025

Employees

179

+14% highest in 3 filed years

Profit before tax

-£1m

-55.7% vs 2025

Accounts

4-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31

Metric Trend 2023-03-312024-03-312025-03-312026-03-31 Δ vs prior
Turnover £11,677,000£16,165,000£18,274,000£22,261,000 +21.8%
Operating profit -£1,956,000-£3,225,000£704,000£723,000 +2.7%
Profit before tax -£2,651,000-£3,481,000-£671,000-£1,045,000 -55.7%
Net profit -£2,370,000-£329,000-£809,000 -145.9%
Cash £1,994,000£15,391,000£8,566,000£3,937,000 -54%
Total assets less current liabilities £29,731,000£31,577,000£34,283,000 +8.6%
Net assets £928,000£21,681,000£21,394,000£20,842,000 -2.6%
Equity £928,000£21,681,000£21,394,000£20,842,000 -2.6%
Average employees 131157179 +14%
Wages £4,627,000£5,696,000£5,644,000 -0.9%
Directors' remuneration £550,000£649,000£798,000 +23%
Directors' pension contributions £14,000£19,000£25,000 +31.6%
Highest paid director £174,000£232,000£288,000 +24.1%

Values shown as filed in the company's annual accounts. indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show . About these numbers

Ratios

Computed from the line items above — sparklines read oldest → newest

Ratio Trend 2023-03-312024-03-312025-03-312026-03-31
Operating margin -16.8%-20.0%3.9%3.2%
Net margin -14.7%-1.8%-3.6%
Return on capital employed -10.8%2.2%2.1%
Gearing (liabilities / total assets) 96.1%36.9%43.8%51.3%
Current ratio 3.83x1.61x0.72x
Interest cover -2.81x-12.60x0.79x0.39x

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.

Name history

Renamed 3 times since incorporation

  1. SOFTWARE CIRCLE PLC 2023-10-16 → present
  2. GRAFENIA PLC 2013-07-19 → 2023-10-16
  3. PRINTING.COM PLC 2000-07-04 → 2013-07-19
  4. HALLCO 442 PLC 2000-04-28 → 2000-07-04

Audit & accounting basis

Accounting basis
IFRS
Reporting scope
Consolidated group
Auditor
RSM UK Audit LLP
Audit opinion
Unqualified (clean)
Going concern
Affirmed

“After considering the Group's cash position, the new committed facility and headroom available to it, the comprehensive risk management strategies in place, and the ability to adjust the pace of acquisitions if required, the Directors have a reasonable expectation that the Group and Company have adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.”

Group structure

  1. SOFTWARE CIRCLE PLC · parent
    1. Nettl Systems Limited · UK · Software and other business support - trading
    2. Software Circle Management Limited · UK · Central support - trading
    3. Printing.com (UK Franchise) Limited · UK · Partner contracts - dormant
    4. Nettl UK Limited · UK · Partner contracts - dormant
    5. Grafenia Systems Limited · UK · Licence agreements - dormant
    6. Grafenia Technology Limited · UK · Licence agreements - dormant
    7. TemplateCloud Limited · UK · Template Provision - dormant
    8. W3P Limited · UK · Software - dormant
    9. Vertical Plus Limited · UK · Software and solutions - trading
    10. Care Management Systems Limited · UK · Software and solutions - trading
    11. Watermark Technologies Limited · UK · Software and solutions - trading
    12. Arc Technology Limited · UK · Software and solutions - trading
    13. Be The Brand Experience Limited · UK · Software and solutions - trading
    14. Topfloor Systems Limited · Republic of Ireland · Software and solutions - trading
    15. Nettl of America LLC · US · Franchising - trading
    16. Link Maker Systems Limited · UK · Software and solutions - trading
    17. Total Drive Software Limited · UK · Software and solutions - trading
    18. Artificial Intelligence Ireland Limited · Republic of Ireland · Software and solutions - trading
    19. Broker Information Services Limited · Republic of Ireland · Software and solutions - trading

Significant events

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

People

8 active · 15 resigned

Name Role Appointed Born Nationality
LIGHTFOOT, Richard Alan Secretary 2015-10-06
BARRELL, Simon Gregory Director 2018-06-25 Feb 1959 British
BROWN, Iain Stewart Director 2020-01-09 Mar 1987 British
COCKERILL, Gavin Graham Director 2018-01-23 Sep 1978 British
LIGHTFOOT, Richard Alan Director 2018-01-23 Mar 1972 British
MAURER, Marc Kay Director 2024-09-18 May 1976 Swiss
ORMSBY, Bradley Leonard Director 2024-09-18 Feb 1976 British
RIECHERT, Matthias Siegfried Director 2022-10-31 May 1973 German
Show 15 resigned officers
Name Role Appointed Resigned
CLARK, Peter Fergusson Secretary 2000-07-03 2001-03-19
ROBERTS, Alan Quine Secretary 2004-05-18 2015-10-06
HALLIWELLS SECRETARIES LIMITED Corporate Nominee Secretary 2000-04-28 2000-07-03
HL SECRETARIES LIMITED Corporate Secretary 2001-03-19 2004-05-18
BEGUN, Pavel Director 2012-11-26 2017-07-28
BONA, Conrad Christian Director 2015-10-06 2024-09-18
DECKART, Christian Helmut, Dr Director 2012-06-22 2013-07-19
GUNNING, Peter Robert Director 2001-06-06 2022-05-18
HARDIE, Reginald George Director 2000-07-07 2012-07-20
MOHR, Jan-Hendrik Markus Director 2016-03-15 2024-09-18
RAFFERTY, Anthony Director 2000-07-03 2015-10-06
ROBERTS, Alan Quine Director 2000-07-03 2018-06-26
SCHEFFER, Hans Director 2010-11-05 2012-08-10
WHEATLEY, Leslie Alan Director 2000-09-05 2016-08-15
HALLIWELLS DIRECTORS LIMITED Corporate Nominee Director 2000-04-28 2000-07-03

Ownership

Persons with significant control

Name Kind Nature of control Notified Status
Mr Günter Frank Fischer Individual Shares 25–50%, Voting 25–50% 2019-08-20 Active
Mrs Julia Edeltraut Fischer Individual Shares 25–50%, Voting 25–50% 2019-08-20 Active

Filing timeline

Last 20 of 225 total filings

Material constitutional events — rename, articles re-file, resolution

  • 2025-09-05 RESOLUTIONS Resolution
  • 2024-10-09 RESOLUTIONS Resolution
Date Type Category Description
2026-09-03 AP01 officers Appoint person director company with name date PDF
2026-08-09 AA accounts Accounts with accounts type group
2026-07-10 MR04 mortgage Mortgage satisfy charge full
2026-07-10 MR04 mortgage Mortgage satisfy charge full
2026-05-26 MR01 mortgage Mortgage create with deed with charge number charge creation date PDF
2026-05-26 MR01 mortgage Mortgage create with deed with charge number charge creation date PDF
2026-05-08 CS01 confirmation-statement Confirmation statement with no updates PDF
2025-09-05 AA accounts Accounts with accounts type group
2025-09-05 RESOLUTIONS resolution Resolution
2025-08-12 CH01 officers Change person director company with change date PDF
2025-04-29 CS01 confirmation-statement Confirmation statement with no updates PDF
2024-11-27 MR01 mortgage Mortgage create with deed with charge number charge creation date PDF
2024-11-27 MR01 mortgage Mortgage create with deed with charge number charge creation date PDF
2024-10-09 RESOLUTIONS resolution Resolution
2024-09-30 PSC01 persons-with-significant-control Notification of a person with significant control PDF
2024-09-30 PSC01 persons-with-significant-control Notification of a person with significant control PDF
2024-09-30 PSC09 persons-with-significant-control Withdrawal of a person with significant control statement PDF
2024-09-20 AP01 officers Appoint person director company with name date PDF
2024-09-19 AP01 officers Appoint person director company with name date PDF
2024-09-18 TM01 officers Termination director company with name termination date PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
9

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.

Official Companies House page