{"name":"API SOFTWARE LIMITED","company_number":"SC154934","status":"Active","type":"Private Limited Company","incorporated":"1994-12-15","dissolved":null,"registered_office":"The Garment Factory, 10 Montrose Street, Glasgow, Scotland, G1 1RE","postcode":"G1 1RE","sic_codes":[{"code":62020,"description":"Information technology consultancy activities"}],"principal_activity":"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.","previous_names":[{"name":"OASYS TECHNOLOGY LIMITED","changed_on":"1995-11-16"},{"name":"CORRIE COMPUTING LIMITED","changed_on":"1995-03-01"}],"warnings":[],"accounts":{"category":"Group","year_end":"31 January","last_made_up_to":"2026-01-31","next_due":"2027-10-31"},"employees":{"count":180,"accounts_date":"2026-01-31"},"financials":[{"financial_date":"2026-01-31","profit_loss":-1237454,"net_assets":-5902473,"cash":6910234,"average_employees":180},{"financial_date":"2025-01-31","profit_loss":-1274476,"net_assets":-4323640,"cash":4143481,"average_employees":161},{"financial_date":"2024-01-31","net_assets":-3045418,"cash":1833326},{"financial_date":"2023-01-31","net_assets":-285996,"cash":1063081},{"financial_date":"2022-01-31","turnover":10804518,"net_assets":1382522,"cash":2470279}],"officers":{"current":11,"resigned":6,"complete":true,"note":"Names and details of individual officers are on the People page (subscriber-only on this site) and free at Companies House."},"charges":{"total":1,"outstanding":1},"gazette_notices":[],"insolvency_outcome":null,"ai_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.","website":"https://autorek.com/","links":{"page":"https://www.companiesintheuk.co.uk/ltd/api-software","people":"https://www.companiesintheuk.co.uk/company/api-software/people","filing_history":"https://www.companiesintheuk.co.uk/company/api-software/filing-history","companies_house":"https://find-and-update.company-information.service.gov.uk/company/SC154934","financials":"https://www.companiesintheuk.co.uk/company/api-software/financial","control":"https://www.companiesintheuk.co.uk/company/api-software/control","charges":"https://www.companiesintheuk.co.uk/company/api-software/charges","ai_analysis":"https://www.companiesintheuk.co.uk/company/api-software/analysis"},"source":"CompaniesInTheUK, from Companies House, The Gazette and other public registers (see /support/about). Cite as: CompaniesInTheUK, https://www.companiesintheuk.co.uk/ltd/api-software"}