API SOFTWARE LIMITED
Company number SC154934 · Monitor this company
Executive summary
API Software Limited is a well-positioned specialist in the UK RegTech and financial reconciliation software market, demonstrating strong above-sector revenue growth of 34% to £28m and a return to operating profitability, driven by structural regulatory demand and SaaS model momentum. The headline net liability position of £6m is materially distorted by £14.3m in deferred SaaS revenue that represents contracted forward income rather than financial obligation, and the underlying cash generation and £6.9m cash reserve provide adequate headroom for continued investment. The principal challenge facing the company is translating its specialist UK market position into meaningful North American scale while competing against larger, better-capitalised US-listed rivals in an increasingly AI-driven market where product differentiation may compress.
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 11 current · 5 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.
Contact details
- Website
- api-software.com
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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 605 similar companies in G, with 180 staff. Among the oldest 25% of its local peers.
Competitors Glasgow
-
2. PROCEMX LTD
This company ranks 887 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.