DERIVCO HOLDINGS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-11-01 (in 6mo)
Last made up 2025-10-18
Watchouts
None on the register
Cash
£19M
+15.9% vs 2023
Net assets
£57M
+9.5% vs 2023
Employees
1,661
-16.2% vs 2023
Profit before tax
£6M
-17% vs 2023
Net assets
2-year trend · vs Technology median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £211,447,000 | £202,606,000 | |
| Operating profit | £7,068,000 | £5,648,000 | |
| Profit before tax | £7,187,000 | £5,966,000 | |
| Net profit | £5,347,000 | £4,014,000 | |
| Cash | £16,603,000 | £19,238,000 | |
| Total assets less current liabilities | £60,778,000 | £65,591,000 | |
| Net assets | £51,954,000 | £56,877,000 | |
| Equity | £51,954,000 | £56,877,000 | |
| Average employees | 1,981 | 1,661 | |
| Wages | £111,294,000 | £109,444,000 | |
| Directors' remuneration | £2,584,000 | £2,536,000 |
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
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-4.2%
£211,447,000 £202,606,000
-
Cash
+15.9%
£16,603,000 £19,238,000
-
Net assets
+9.5%
£51,954,000 £56,877,000
-
Employees
-16.2%
1,981 1,661
-
Operating profit
-20.1%
£7,068,000 £5,648,000
-
Profit before tax
-17%
£7,187,000 £5,966,000
-
Wages
-1.7%
£111,294,000 £109,444,000
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 3.3% | 2.8% | |
| Net margin | 2.5% | 2.0% | |
| Return on capital employed | 11.6% | 8.6% | |
| Current ratio | 2.23x | 2.75x | |
| Interest cover | 20.55x | 15.65x |
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 1 time since incorporation
- DERIVCO HOLDINGS LIMITED 2024-12-20 → present
- MAROWN HOLDINGS LIMITED 2021-10-19 → 2024-12-20
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Moore Kingston Smith LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on this assessment, the Directors have concluded that there are no significant events or circumstances that would cast significant doubt on the Group's and Company's ability to continue as a going concern. Therefore, the financial statements have been prepared on a going concern basis.”
Group structure
- DERIVCO HOLDINGS LIMITED · parent
- Chasefield Investments (Pty) Limited 1%
- Derivco (Pty) Limited 1%
- Derivco Systems S.L. 1%
- Derivco Isle of Man Limited 1%
- Derivco Australia Pty Limited 1%
- Derivco Sweden AB 1%
- Derivco Ipswich Limited 1%
- Marown (USA) Inc. 1%
- Derivco UK Limited 1%
- Derivco Costa Rica Limitada 1%
- Derivco Malta Limited 1%
Significant events
- “On 20 December 2024, the Company changed its name from Marown Holdings Limited to Derivco Holdings Limited.”
- “An organisational restructure was undertaken during Q4 2024, resulting in approximately 290 redundancies to optimise delivery to customers.”
- “On 24 February 2025, the Company's Board resolved to make a dividend payment of £50,000, paid in April 2025.”
- “In February 2025, the Group continued restructuring, leading to 485 role reductions across various jurisdictions, formally concluded as of the approval date of the financial statements.”
- “In July 2025, the Group resolved to proceed with the voluntary liquidation of Derivco Costa Rica Ltda, and intends to liquidate Derivco Australia Pty Limited, Derivco Sweden AB and Marown (USA) Inc. within twelve months.”
- “In April 2025, Derivco (Pty) Ltd repaid a loan from Fusion Holding Limited, totaling approximately £8.3 million (including accrued interest).”
- “In October 2025, the Company exercised a break clause for its Richmond office lease, terminating on 31 July 2026.”
- “In September 2025, an arbitration award regarding a rental dispute was upheld in favour of Derivco (Pty) Ltd, dismissing the claimant's case with costs.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BEHARI, Quraish | Director | 2022-02-16 | Aug 1978 | South African |
| BENNETT, Andrew Neil | Director | 2024-01-29 | Oct 1963 | British |
| HOCH, Lynton Paul | Director | 2022-02-16 | Aug 1974 | British |
| SLABBERT, Andrew Thomas | Director | 2022-02-16 | Jan 1981 | South African |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DOBSON, Leanna Rosamund | Director | 2021-10-19 | 2022-05-12 |
| INGRASSIA, Sarah Joanne | Director | 2021-10-19 | 2021-10-26 |
| OATES, Benjamin John | Director | 2022-02-16 | 2025-09-14 |
| ROBERTS, Sion David | Director | 2021-10-19 | 2022-05-12 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Boston Group Newco Limited | Corporate entity | Significant influence | 2021-10-19 | Active |
Filing timeline
Last 20 of 35 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-12-20 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-05 | CH01 | officers | Change person director company with change date | |
| 2025-12-04 | AA | accounts | Accounts with accounts type group | |
| 2025-10-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-19 | CH01 | officers | Change person director company with change date | |
| 2025-09-18 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-08 | AA | accounts | Accounts with accounts type group | |
| 2025-07-04 | CH01 | officers | Change person director company with change date | |
| 2025-05-29 | CH01 | officers | Change person director company with change date | |
| 2024-12-20 | AA | accounts | Accounts with accounts type group | |
| 2024-12-20 | CERTNM | change-of-name | Certificate change of name company | |
| 2024-10-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-23 | CH01 | officers | Change person director company with change date | |
| 2024-10-23 | CH01 | officers | Change person director company with change date | |
| 2024-05-29 | CH01 | officers | Change person director company with change date | |
| 2024-05-22 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-02-09 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-13 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2022-10-19 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-10-18 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
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.