DAVIES TECHNOLOGY SOLUTIONS LIMITED
Company number 06329038 · Monitor this company
Executive summary
Davies Technology Solutions Limited is technically insolvent on a standalone basis with net liabilities of £1.115m, but demonstrates strong operational performance with £5.7m revenue and £989k EBITDA (23% growth). The company's viability is contingent upon the ongoing support of its parent, Davies Group Limited, which holds 75%+ ownership and has demonstrated willingness to restructure intercompany obligations. Credit approval should be conditional upon a parent company guarantee, with monitoring focused on EBITDA maintenance and working capital trajectory.
Shareholders' funds
-£1,692
Balance sheet as at 2021-09-30
What it does
Worksmart Limited is a private company limited by shares and incorporated in England and Wales. The registered company number is 06329038. The registered address is Beech House, Linford Wood, Milton Keynes, MK14 6ES. The principal activity during the year continued to be that of information technology consultancy activities. The financial statements are prepared in £GBP which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest whole thousand.
The company's own description, from its latest filed accounts.
Overview
- Company type
- Private Limited Company
- Incorporated
- 2007-07-31
- Employees
- 56 (2021 accounts · was 53 in 2020)
- Registered office
- 5th Floor 20 Gracechurch Street, London, United Kingdom, EC3V 0BG
- Postcode
- EC3V 0BG
- Capital
- 3,836 GBP
- Accounts category
- Audit Exemption Subsidiary
- Charges
- 2 outstanding
Accounts
- Last made up to
- 2025-06-30
- Next due by
- 2027-03-31
- Financial year end
- 30 June
Confirmation statement
- Last statement dated
- 2026-07-31
- Next due by
- 2027-08-14
Nature of business (SIC)
- 62012 Business and domestic software development
- 62020 Information technology consultancy activities
Officers 8 current · 10 resigned
Group structure
Controlled by DAVIES GROUP LIMITED — since 2022-03-31
From persons-with-significant-control filings on the public register.
Data protection registration
Registered with the ICO as a data protection fee payer — Z1913851 (Tier 2), registered since 2011.
Information Commissioner's Office register of fee payers, licensed under the Open Government Licence.
Contact details
- Website
- worksmart.co.uk
Worksmart - Providing Award-winning SM&CR, T&C, QA and Complaints Management Software to the financial industry for over 20 years
Previous company names
| Name | Date changed |
|---|---|
| WORKSMART LIMITED | 2024-06-14 |
| RED AND WHITE SOFTWARE LIMITED | 2009-09-15 |
| STEVTON (NO. 401) LIMITED | 2007-11-27 |
Previous registered addresses 5
| Address | Changed on |
|---|---|
| ASH HOUSE BRECKLAND, LINFORD WOOD, MILTON KEYNES, MK14 6ET | 2017-04-27 |
| ASH HOUSE BRECKLAND, LINFORD WOOD, MILTON KEYNES, MK14 6ET, ENGLAND | 2013-08-01 |
| ASH HOUSE LINFORD WOOD, MILTON KEYNES, MK14 6ET | 2012-08-09 |
| GREYBROOK HOUSE 28 BROOK STREET, LONDON, W1K 5DH | 2011-10-06 |
| GREYBROOK HOUSE, 28 BROOK STREET, LONDON, W1K 5DH | 2007-11-29 |
Among its peers
Among the biggest employers
of 2,572 similar companies in EC, with 56 staff. Among the oldest 25% of its local peers.
Competitors London
-
5. CIRATA LTD
This company ranks 3180 among business and domestic software development in London.
The class of 2007
39%
of the 1,612 companies in this sector incorporated in 2007 are still active today; 59% have since been dissolved.
A fact about the year, not a forecast for this company.