DEVTECH LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-11-16 (in 6mo)
Last made up 2025-11-02
Watchouts
None on the register
Cash
£2M
EUR 2,494,632
+1,613.8% highest in 6 filed years
Net assets
-£2M
EUR -2,590,803
-8.4% lowest in 6 filed years
Employees
228
-3.8% vs 2023
Profit before tax
-£141K
EUR -161,599
+92.5% vs 2023
Net assets
6-year trend · vs Technology median
Accounts
6-year trend · latest reflected 2024-12-31
| Metric | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £11,062,016 | £14,236,288 | |
| Operating profit | — | — | — | — | -£1,483,798 | £383,302 | |
| Profit before tax | — | — | — | — | -£1,869,605 | -£140,533 | |
| Net profit | — | — | — | — | -£1,722,429 | -£238,988 | |
| Cash | £24,267 | £198,683 | £75,877 | £253,154 | £126,588 | £2,169,434 | |
| Total assets less current liabilities | — | — | -£206,803 | £664,265 | -£1,092,269 | £2,723,107 | |
| Net assets | -£29,934 | -£414,707 | -£206,803 | -£248,700 | -£2,079,036 | -£2,253,068 | |
| Equity | -£29,934 | -£414,707 | — | — | -£2,079,036 | -£2,253,068 | |
| Average employees | 1 | 1 | 1 | 2 | 237 | 228 | |
| Wages | — | — | — | — | £8,505,947 | £9,188,257 | |
| Directors' remuneration | — | — | — | — | £345,072 | £461,997 |
Figures converted to GBP from EUR at 0.870 per EUR (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+28.7%
£11,062,016 £14,236,288
-
Cash
+1,613.8%
£126,588 £2,169,434
highest in 6 filed years
-
Net assets
-8.4%
-£2,079,036 -£2,253,068
lowest in 6 filed years
-
Employees
-3.8%
237 228
-
Operating profit
+125.8%
-£1,483,798 £383,302
-
Profit before tax
+92.5%
-£1,869,605 -£140,533
-
Wages
+8%
£8,505,947 £9,188,257
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | -13.4% | 2.7% | |
| Net margin | — | — | — | — | -15.6% | -1.7% | |
| Return on capital employed | — | — | — | — | 135.8% | 14.1% | |
| Current ratio | — | — | — | — | 0.54x | 2.17x | |
| Interest cover | — | — | — | — | -4.85x | 0.73x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- HaysMac LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Following an assessment of future financial performance, including profit and cash flow, the Board of Directors has determined that preparation of the Company's financial statements on a going concern basis is appropriate.”
Group structure
- DEVTECH LIMITED · parent
- Devtech d.o.o 100%
- Devtech Employee Holdings Limited 100%
- Devtech International LLC 100%
- Devtech doo Banja Luka (RS) 100%
- Devtech MAK 100%
- Saturized 100%
Significant events
- “In June 2022, Claret Capital Partners (UK) provided €2.25M, which was fully repaid as part of a new £5M debt facility from Growth Lending (UK) which closed in October 2024.”
- “In 2024, the Company reported a 24% increase in revenue and 53% annual recurring revenue growth, attributed mainly from two new customers that contribute €600K in monthly, or €7.2M in annualised, revenue.”
- “In 2024, the Company issued a warrant to GL 2024 Limited in connection with a new loan facility agreement.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MBM SECRETARIAL SERVICES LIMITED | Corporate Secretary | 2020-08-24 | — | — |
| MILIC, Milovan | Director | 2013-02-19 | Jul 1986 | Serbian |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| PRATT, David Jonathan | Director | 2013-02-19 | 2015-04-14 |
| STANISIC, Igor | Director | 2013-02-19 | 2013-11-29 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Milovan Milic | Individual | Shares 75–100%, Voting 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 61 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-10-13 MA Memorandum articles
- 2024-10-13 RESOLUTIONS Resolution
- 2024-10-13 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-03 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-09-22 | AA | accounts | Accounts with accounts type group | |
| 2025-03-12 | SH01 | capital | Capital allotment shares | |
| 2025-02-17 | AA | accounts | Accounts with accounts type total exemption full | |
| 2025-01-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-01-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-12-10 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-12-10 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-11-28 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-11-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-13 | MA | incorporation | Memorandum articles | |
| 2024-10-13 | RESOLUTIONS | resolution | Resolution | |
| 2024-10-13 | RESOLUTIONS | resolution | Resolution | |
| 2024-10-08 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-10-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-10-07 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-08-28 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-01-04 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-01-04 | CH01 | officers | Change person director company with change date | |
| 2023-11-02 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 1
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.