DEXT SOFTWARE 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

  +19.9%

  £47,068,171 → £56,444,472

• Cash

  +88.5%

  £9,128,433 → £17,211,153

• Net assets

  +1,998%

  -£619,074 → £11,749,910

• Employees

  -3.5%

  143 → 138

• Operating profit

  +275.2%

  £2,530,573 → £9,494,014

• Profit before tax

  +183.1%

  -£5,988,530 → £4,978,182

• Wages

  +29%

  £10,988,634 → £14,179,726

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. DEXT SOFTWARE LIMITED 2021-08-13 → present
2. RECEIPT BANK LIMITED 2010-08-31 → 2021-08-13

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Given the Company's current strong cash balance, the fact that it will continue to generate increased amounts of future cashflow in future years, that there is now no external bank debt after the £19m repayment in December 2024 and that management have also received a letter of support from the group's new owners, IRIS, albeit no such assistance is expected to be required in the period reviewed, we consider that even extremely improbable downturns in business performance would be able to be managed effectively and that we would have sufficient cash reserves to meet all current liabilities as they fall due over the next 12 months. Consequently, the directors have prepared these financial statements on a going concern basis.”

Group structure

1. DEXT SOFTWARE LIMITED · parent
   1. Receipt Bank Inc 100% · USA · bookkeeping and accounting software services
   2. Dext Australia PTY Limited 100% · Australia · bookkeeping and accounting software services
   3. Dext Bulgaria Ltd 100% · Bulgaria · provide support services to the wider group
   4. 1Tap App Limited 100% · United Kingdom · bookkeeping and accounting software services
   5. Dext France SARL 100% · France · bookkeeping and accounting software services
   6. Dext South Africa (PTY) Limited 100% · South Africa · bookkeeping and accounting software services
   7. Dext Canada Limited 100% · Canada · bookkeeping and accounting software services
   8. Hatch Apps Ltd 100% · United Kingdom · bookkeeping and accounting software services
   9. Greenback, Inc. 100% · United States · bookkeeping and accounting software services

Significant events

• “acquisition of Dext by IRIS, completed in December 2024”
• “the remaining loan balance of the £38m term loan was repaid earlier than its repayment date of December 2026.”
• “On the 20 December 2024, the company's ultimate parent undertaking changed to Elements Topco Limited, a company registered in Jersey, following the acquisition by Iris Capital Limited over the Dext Software Limited Group.”

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

Filings

10

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

2

last 12 months

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