API SOFTWARE LIMITED
Company number SC154934 · Monitor this company
Executive summary
API Software Limited presents a nuanced risk profile: a technically insolvent balance sheet with net liabilities of £5.9M and deteriorating shareholders' funds is materially offset by £14.3M in non-debt deferred income from contracted SaaS subscriptions, strong 34% revenue growth to £28M, a return to operating profitability, and a healthy cash position of £6.9M. The primary risk lies in the complex private equity-backed ownership structure and the sustainability of growth-funded-by-liabilities rather than retained earnings, though operational fundamentals and regulatory tailwinds in the financial services compliance market provide meaningful support to the going concern basis.
Shareholders' funds
-£6,302,523
Balance sheet as at 2026-01-31
What it does
The principal activity of the group is the development of financial control, regulatory reporting and data management software to the financial services sector in the UK, Europe, Middle East, Asia and North America.
The company's own description, from its latest filed accounts.
Overview
- Company type
- Private Limited Company
- Incorporated
- 1994-12-15
- Employees
- 180 (2026 accounts · was 161 in 2025)
- Registered office
- The Garment Factory, 10 Montrose Street, Glasgow, Scotland, G1 1RE
- Postcode
- G1 1RE
- Capital
- 106 GBP
- Accounts category
- Group
- Charges
- 1 outstanding
Accounts
- Last made up to
- 2026-01-31
- Next due by
- 2027-10-31
- Financial year end
- 31 January
Confirmation statement
- Last statement dated
- 2025-12-15
- Next due by
- 2026-12-29
Nature of business (SIC)
- 62020 Information technology consultancy activities
Officers 10 current · 6 resigned
Group structure 1 subsidiary
Controlled by API SOFTWARE HOLDINGS LIMITED — since 2026-07-17
From persons-with-significant-control filings on the public register.
Data protection registration
Registered with the ICO as a data protection fee payer — ZA832015 (Tier 2), registered since 2020.
Information Commissioner's Office register of fee payers, licensed under the Open Government Licence.
Contact details
- Website
- api-software.com
Reduce costs, achieve compliance and take control of your data with automated reconciliation software trusted by the leading names in finance.
Previous company names
| Name | Date changed |
|---|---|
| OASYS TECHNOLOGY LIMITED | 1995-11-16 |
| CORRIE COMPUTING LIMITED | 1995-03-01 |
Previous registered addresses 5
| Address | Changed on |
|---|---|
| 193 BATH STREET, GLASGOW, G2 4HU | 2018-11-13 |
| 6 WOODSIDE PLACE, GLASGOW, G3 7QF | 1998-11-05 |
| WOODSIDE HOUSE, 20/21 WODSIDE PLACE, GLASGOW, G3 7QF | 1995-11-09 |
| 6 GRYFEWOOD CRESCENT, HOUSTON, RENFREWSHIRE, PA6 7LY | 1995-05-26 |
| 82 MITCHELL STREET, GLASGOW, G1 3NA | 1995-01-30 |
Among its peers
The largest employer
of 606 similar companies in G, with 180 staff. Among the oldest 25% of its local peers.
Competitors Glasgow
-
2. PROCEMX LTD
This company ranks 874 among information technology consultancy activities in Glasgow.
The class of 1994
26%
of the 1,014 companies in this sector incorporated in 1994 are still active today; 72% have since been dissolved.
A fact about the year, not a forecast for this company.