DISCOVERY SOFTWARE HOLDINGS PLEDGECO LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-05-11
Overdue
Watchouts
Cash
£8M
+25% highest in 3 filed years
Net assets
£24M
+45.3% highest in 3 filed years
Employees
188
+84.3% highest in 4 filed years
Profit before tax
-£17M
-763.7% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Confirmation statement overdue
Due 2026-05-11.
Net assets
4-year trend · vs Industrials median
Accounts
4-year trend · latest reflected 2025-03-31
| Metric | Trend | 2022-04-27 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|
| Turnover | — | — | £18,947,761 | £28,352,489 | |
| Operating profit | — | — | -£1,104,602 | -£13,458,131 | |
| Profit before tax | — | — | -£1,915,394 | -£16,543,828 | |
| Net profit | — | — | -£2,289,945 | -£13,442,074 | |
| Cash | — | £925 | £6,403,668 | £8,003,640 | |
| Total assets less current liabilities | — | £20,061,036 | £26,276,160 | £62,368,860 | |
| Net assets | — | £20,061,036 | £16,576,160 | £24,078,591 | |
| Equity | — | £20,061,036 | £16,576,160 | £24,078,591 | |
| Average employees | 0 | 0 | 102 | 188 | |
| Wages | — | — | £9,724,364 | £15,405,933 | |
| Directors' remuneration | — | — | £309,000 | £306,900 |
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
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
+49.6%
£18,947,761 £28,352,489
-
Cash
+25%
£6,403,668 £8,003,640
highest in 3 filed years
-
Net assets
+45.3%
£16,576,160 £24,078,591
highest in 3 filed years
-
Employees
+84.3%
102 188
highest in 4 filed years
-
Operating profit
-1,118.4%
-£1,104,602 -£13,458,131
-
Profit before tax
-763.7%
-£1,915,394 -£16,543,828
-
Wages
+58.4%
£9,724,364 £15,405,933
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 | 2022-04-27 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|
| Operating margin | — | — | -5.8% | -47.5% | |
| Net margin | — | — | -12.1% | -47.4% | |
| Return on capital employed | — | — | -4.2% | -21.6% | |
| Gearing (liabilities / total assets) | — | — | 59.8% | 69.9% | |
| Current ratio | — | — | 0.96x | 1.07x | |
| Interest cover | — | — | -1.33x | -4.26x |
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
- BDO Northern Ireland
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have considered the Group and Company's financial position and are satisfied that the Group and Company have adequate resources to continue in operation for the next 12 months from approval of the financial statements.”
Group structure
- DISCOVERY SOFTWARE HOLDINGS PLEDGECO LIMITED · parent
- Discovery Software Holdings Acquico Limited 100%
- Titian Software Holdings Limited 100%
- Titian Software Limited 100%
- Titian Software (US), Inc 100%
- Titian Software Poland Sp. z o.o. 100%
- BioData Limited 100%
- BioData INC 100%
Significant events
- “Since the year end, the Group received a new USD HSBC loan of $7.7m, which converted to £5.8m. This loan was used to repurchase and cancel 4,989,600 Preference shares and 5,040,000 B Ordinary shares within the Company from an individual shareholder.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| FELDMAN, Jesse Ross | Director | 2022-04-28 | Mar 1977 | American |
| GILHESPIE, Nicholas Anthony | Director | 2025-12-11 | Nov 1973 | British |
| ROSNER, Justin | Director | 2022-04-28 | Dec 1991 | American |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HENDERSON, Christopher Alexander | Director | 2023-11-01 | 2025-12-01 |
| ROTHERY, Andrew Paul | Director | 2022-09-16 | 2024-03-31 |
| SPURRETT, Nicholas | Director | 2023-04-01 | 2023-11-13 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Bv Acquisitions Xiv Dsh Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-04-28 | Active |
Filing timeline
Last 20 of 55 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-07-24 RESOLUTIONS Resolution
- 2025-05-13 RESOLUTIONS Resolution
- 2025-04-30 RESOLUTIONS Resolution
- 2025-03-10 RESOLUTIONS Resolution
- 2025-03-10 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-30 | SH06 | capital | Capital cancellation shares | |
| 2025-12-20 | AA | accounts | Accounts with accounts type group | |
| 2025-12-19 | SH01 | capital | Capital allotment shares | |
| 2025-12-16 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-10 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-16 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-07-24 | RESOLUTIONS | resolution | Resolution | |
| 2025-07-21 | SH01 | capital | Capital allotment shares | |
| 2025-06-16 | SH06 | capital | Capital cancellation shares | |
| 2025-06-16 | SH03 | capital | Capital return purchase own shares | |
| 2025-05-13 | RESOLUTIONS | resolution | Resolution | |
| 2025-05-13 | SH08 | capital | Capital name of class of shares | |
| 2025-05-12 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-04-30 | ANNOTATION | |||
| 2025-04-30 | RESOLUTIONS | resolution | Resolution | |
| 2025-04-30 | ANNOTATION | |||
| 2025-03-10 | ANNOTATION | |||
| 2025-03-10 | RESOLUTIONS | resolution | Resolution | |
| 2025-03-10 | RESOLUTIONS | resolution | Resolution | |
| 2025-03-05 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 13
- Capital events
- 7
- Officers appointed
- 1
- 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.