VERSION 1 SOFTWARE UK LIMITED

Here is the financial health assessment for VERSION 1 SOFTWARE UK LIMITED.

Please note: As a financial wellness expert, I must point out that the current medical file (company data provided) is missing the actual financial statements—the "blood test" results. Therefore, this assessment focuses heavily on corporate compliance, structural health, and filing vitals, with a clear recommendation to retrieve the full financial data for a complete internal diagnosis.

1. Financial Health Score: B- (Incomplete Chart)

Explanation: The patient is alive, stable, and showing no acute symptoms of corporate distress (such as liquidation or administration). However, because the detailed financial metrics (turnover, assets, liabilities) are missing from the provided file, we cannot give a clean bill of financial health. The "B-" reflects excellent corporate compliance and a stable operational status, tempered by the inability to view the underlying financial anatomy.

2. Key Vital Signs

• Pulse (Company Status): Active and steady. The company is currently registered, operating, and not in liquidation, administration, or receivership.
• Compliance Temperature (Filing Status): Normal. The company is up to date with its regulatory check-ups. The last confirmation statement was filed in September 2025, and the next accounts are not due until September 2027. No overdue flags are present.
• Corporate DNA (Ownership Structure): The company is a Private Limited Company operating as an "Audit Exempt Subsidiary." It is ultimately controlled by "Investment Company 24 Bidco Limited" (owning more than 75%), with Xxxxxx Xxxxxxxxname shown to subscribers holding a significant minority stake (25-50%). The presence of a "Bidco" (Bid Company) typically indicates a private equity or management buyout structure.
• Industry Genetics (SIC Code): 62020 - Information technology consultancy activities. This is generally a healthy, high-margin sector, though it can be susceptible to macroeconomic slowdowns in corporate IT spending.
• Capital Blood Count: Share capital is a nominal £7.00, which is standard for a UK private limited company and does not indicate underlying financial weakness; it simply reflects the nominal value of shares issued rather than the actual equity invested.

3. Diagnosis

Symptoms Analysis & Overall Condition: The company exhibits a strong structural and compliance posture. There are no symptoms of immediate corporate distress. The filing history shows a healthy regulatory routine.

However, because the company operates as an "Audit Exempt Subsidiary," it files abbreviated or parent-exempt accounts at Companies House. This means the detailed financial anatomy—such as cash flow, profit margins, and working capital—is hidden within the group's consolidated accounts.

Prognosis: The future outlook appears stable based on corporate indicators. The IT consultancy sector remains resilient. However, because the company is owned by an Investment Company (Bidco), its financial wellness is intrinsically tied to the parent group's health. Private equity structures often utilize debt (leveraged buyouts), meaning the subsidiary could be healthy operationally but financially strained by group-level debt service requirements. Without the full accounts, the long-term prognosis remains guarded.

4. Recommendations

To improve financial wellness tracking and gain a complete diagnosis, the following actions are recommended: 1. Order a Full Blood Panel: Retrieve the full filed accounts for the parent company ("Investment Company 24 Bidco Limited") to understand the group's consolidated financial health, debt levels, and profitability. 2. Monitor Group Health: Because VERSION 1 SOFTWARE UK LIMITED is a subsidiary, any financial distress at the Bidco level (such as covenant breaches on group debt) could quickly infect the subsidiary. Regular check-ups on the parent company's filing status are advised. 3. Maintain Compliance Hygiene: The company currently has excellent compliance health. Continue to file confirmation statements and accounts well ahead of the 2026 and 2027 deadlines to avoid unnecessary penalties and maintain a clean public record.

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