{"name":"DAVIES TECHNOLOGY SOLUTIONS LIMITED","company_number":"06329038","status":"Active","type":"Private Limited Company","incorporated":"2007-07-31","dissolved":null,"registered_office":"5th Floor 20 Gracechurch Street, London, United Kingdom, EC3V 0BG","postcode":"EC3V 0BG","sic_codes":[{"code":62012,"description":"Business and domestic software development"},{"code":62020,"description":"Information technology consultancy activities"}],"principal_activity":"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.","previous_names":[{"name":"WORKSMART LIMITED","changed_on":"2024-06-14"},{"name":"RED AND WHITE SOFTWARE LIMITED","changed_on":"2009-09-15"},{"name":"STEVTON (NO. 401) LIMITED","changed_on":"2007-11-27"}],"warnings":[],"accounts":{"category":"Audit Exemption Subsidiary","year_end":"30 June","last_made_up_to":"2025-06-30","next_due":"2027-03-31"},"employees":{"count":56,"accounts_date":"2021-09-30"},"financials":[{"financial_date":"2021-09-30","profit_loss":912,"net_assets":-1115,"cash":1025,"average_employees":56},{"financial_date":"2020-09-30","profit_loss":490,"net_assets":-2027,"cash":933,"average_employees":53}],"officers":{"current":8,"resigned":10,"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":2,"outstanding":2},"gazette_notices":[],"insolvency_outcome":null,"ai_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.","website":"https://www.worksmart.co.uk/","links":{"page":"https://www.companiesintheuk.co.uk/ltd/davies-technology-solutions","people":"https://www.companiesintheuk.co.uk/company/davies-technology-solutions/people","filing_history":"https://www.companiesintheuk.co.uk/company/davies-technology-solutions/filing-history","companies_house":"https://find-and-update.company-information.service.gov.uk/company/06329038","financials":"https://www.companiesintheuk.co.uk/company/davies-technology-solutions/financial","control":"https://www.companiesintheuk.co.uk/company/davies-technology-solutions/control","charges":"https://www.companiesintheuk.co.uk/company/davies-technology-solutions/charges","ai_analysis":"https://www.companiesintheuk.co.uk/company/davies-technology-solutions/analysis"},"source":"CompaniesInTheUK, from Companies House, The Gazette and other public registers (see /support/about). Cite as: CompaniesInTheUK, https://www.companiesintheuk.co.uk/ltd/davies-technology-solutions"}