DERIVCO HOLDINGS LIMITED
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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 · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £211,447,000 | £202,606,000 | -4.2% | |
| Operating profit | £7,068,000 | £5,648,000 | -20.1% | |
| Profit before tax | £7,187,000 | £5,966,000 | -17% | |
| Net profit | £5,347,000 | £4,014,000 | -24.9% | |
| Cash | £16,603,000 | £19,238,000 | +15.9% | |
| Total assets less current liabilities | £60,778,000 | £65,591,000 | +7.9% | |
| Net assets | £51,954,000 | £56,877,000 | +9.5% | |
| Equity | £51,954,000 | £56,877,000 | +9.5% | |
| Average employees | 1,981 | 1,661 | -16.2% | |
| Wages | £111,294,000 | £109,444,000 | -1.7% | |
| Directors' remuneration | £2,584,000 | £2,536,000 | -1.9% | |
| Directors' pension contributions | £15,000 | £9,000 | -40% | |
| Highest paid director | £1,140,000 | £907,000 | -20.4% |
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 3.3% | 2.8% | |
| Net margin | 2.5% | 2.0% | |
| Return on capital employed | 11.6% | 8.6% | |
| Gearing (liabilities / total assets) | 46.4% | 40.2% | |
| 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 100%
- Derivco (Pty) Limited 100%
- Derivco Systems S.L. 100%
- Derivco Isle of Man Limited 100%
- Derivco Australia Pty Limited 100%
- Derivco Sweden AB 100%
- Derivco Ipswich Limited 100%
- Marown (USA) Inc. 100%
- Derivco UK Limited 100%
- Derivco Costa Rica Limitada 100%
- Derivco Malta Limited 100%
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
- 3
- Capital events
- 0
- 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.