FORRIT HOLDINGS LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2027-04-13 (in 11mo)
Last made up 2026-03-30
Watchouts
None on the register
Cash
£2M
Latest balance sheet
Net assets
£5M
highest in 5 filed years
Employees
61
highest in 5 filed years
Profit before tax
-£3M
Period ending 2025-03-31
Net assets
7-year trend · vs Technology median
Accounts
7-year trend · latest reflected 2025-03-31
| Metric | Trend | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | £2,867,426 | £3,377,104 | |
| Operating profit | — | — | — | — | — | -£1,468,911 | -£3,158,761 | |
| Profit before tax | — | — | — | — | — | -£1,406,078 | -£3,092,786 | |
| Net profit | — | -£8,821 | -£9,434 | -£4,264 | — | -£893,474 | -£1,784,781 | |
| Cash | — | £1,158 | £1,996 | £1,742 | — | £2,946,034 | £1,624,701 | |
| Total assets less current liabilities | — | £285,627 | £276,243 | £271,979 | — | £5,146,943 | £5,296,950 | |
| Net assets | — | -£14,373 | -£23,757 | -£28,021 | — | £5,146,943 | £5,296,950 | |
| Equity | -£5,552 | -£14,373 | -£23,757 | -£28,021 | -£1,216,072 | £5,146,943 | £5,296,950 | |
| Average employees | — | 5 | 8 | 8 | — | 54 | 61 | |
| Wages | — | — | — | — | — | £2,037,562 | £3,267,896 | |
| Directors' remuneration | — | — | — | — | — | £533,991 | £705,791 |
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 → FY2025 · period ending 2025-03-31 vs 2023-12-31
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | -51.2% | -93.5% | |
| Net margin | — | — | — | — | — | -31.2% | -52.8% | |
| Return on capital employed | — | — | — | — | — | -28.5% | -59.6% | |
| Current ratio | — | — | — | — | — | 6.35x | 5.01x | |
| Interest cover | — | — | — | — | — | -844.20x | — |
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
- FORRIT HOLDINGS LIMITED 2020-06-05 → present
- CORTEX WORLDWIDE (HOLDINGS) LIMITED 2017-03-31 → 2020-06-05
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Thomson Cooper
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At 31 March 2025 the group had cash at bank of £1,624,701 (31 December 2023 - £2,946,034) and net assets of £5,296,950 (31 December 2023 - £5,146,943). The directors have considered the latest forecasts of the business and made enquiries of management in reaching their conclusion on going concern. Following a £2 million equity investment during the period, the directors' have every confidence that the group has adequate resources through ongoing trading performance and available intercompany loan facilities to continue to operate for the foreseeable future. Accordingly they adopt a going concern basis in preparing these financial statements.”
Group structure
- FORRIT HOLDINGS LIMITED · parent
- Forrit Technology Limited 100%
Significant events
- “A £2 million funding round was completed in February 2025 to allow continued investment in the product and sales and marketing activities.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BARTON, Jeremy John Orr | Director | 2017-12-04 | Jun 1973 | British,Canadian |
| CUNNINGHAM, Douglas | Director | 2020-06-03 | Sep 1978 | British |
| GUGGENHEIMER, Steven Craig | Director | 2020-06-03 | May 1965 | American |
| MULINDER, David Austen | Director | 2018-11-20 | Dec 1961 | American,British |
| PROUD, Peter | Director | 2017-03-31 | Sep 1969 | British |
| WADDELL, John Maclaren Ogilvie | Director | 2017-03-31 | Apr 1956 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DOYLE, Kevin Michael | Director | 2017-11-02 | 2023-03-30 |
| JAMESON, Carolyn | Director | 2020-06-03 | 2023-02-09 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Scottish National Investment Bank Plc | Corporate entity | Shares 25–50%, Voting 25–50% | 2025-02-14 | Active |
| Peter Proud | Individual | Shares 25–50%, Voting 25–50% | 2017-11-02 | Active |
Filing timeline
Last 20 of 79 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-03-03 MA Memorandum articles
- 2025-03-03 RESOLUTIONS Resolution
- 2023-06-29 CC01 Notice restriction on company articles
- 2023-04-05 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-02-06 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-10-06 | AA | accounts | Accounts with accounts type group | |
| 2025-04-01 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-03-17 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-03-04 | AA01 | accounts | Change account reference date company current extended | |
| 2025-03-03 | AA01 | accounts | Change account reference date company current extended | |
| 2025-03-03 | AA01 | accounts | Change account reference date company current shortened | |
| 2025-03-03 | MA | incorporation | Memorandum articles | |
| 2025-03-03 | RESOLUTIONS | resolution | Resolution | |
| 2025-02-20 | SH01 | capital | Capital allotment shares | |
| 2025-01-23 | CH01 | officers | Change person director company with change date | |
| 2024-09-02 | AA | accounts | Accounts with accounts type total exemption full | |
| 2024-04-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-29 | AA | accounts | Accounts with accounts type total exemption full | |
| 2023-06-29 | CC01 | change-of-constitution | Notice restriction on company articles | |
| 2023-04-18 | SH08 | capital | Capital name of class of shares | |
| 2023-04-13 | SH08 | capital | Capital name of class of shares | |
| 2023-04-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-04-05 | MA | incorporation | Memorandum articles |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.