PROPHET LIMITED
Company number 02432936 · Monitor this company
Executive summary
Prophet Limited is a profitable software business with strong operating margins (35.8%) and adequate net current assets (£4.2M), currently trading at £5.9M revenue after a period of significant restructuring. The primary credit concern is the unexplained erosion of shareholders' funds from £11.5M to £3.1M between 2022-2023, coinciding with the company's conversion from PLC to Ltd and acquisition by Valstone UK Holdings, which requires clarification before full commitment. A conditional approval is recommended, subject to satisfactory explanation of the equity movement, confirmation regarding intercompany obligations, and appropriate financial covenants protecting cash flow and working capital.
Shareholders' funds
£4,811,048
Balance sheet as at 2024-12-31
What it does
The principal activity of the company continued to be that of a computer software house.
The company's own description, from its latest filed accounts.
Overview
- Company type
- Private Limited Company
- Incorporated
- 1989-10-16
- Employees
- 45 (2024 accounts · was 52 in 2023)
- Registered office
- Unit 1 Villiers Court, Meriden Business Park, Copse Drive Meriden, Coventry, CV5 9RG
- Postcode
- CV5 9RG
- Capital
- 50,400 GBP
- Accounts category
- Full
- Charges
- 2 outstanding
Accounts
- Last made up to
- 2024-12-31
- Next due by
- 2026-09-30
- Financial year end
- 31 December
Confirmation statement
- Last statement dated
- 2026-06-21
- Next due by
- 2027-07-05
Nature of business (SIC)
- 62012 Business and domestic software development
Officers 14 current · 10 resigned
Group structure 4 subsidiaries
Controlled by VALSTONE UK HOLDINGS LIMITED — since 2023-11-06
-
BLASS LIMITED Dissolved
From persons-with-significant-control filings on the public register.
Licensed visa sponsor
Licensed by the Home Office to sponsor worker visas: Skilled Worker (Worker (A rating)).
Matched by registered name to the register of licensed sponsors (Home Office, updated daily) — check the register itself before relying on it. Contains public sector information licensed under the Open Government Licence v3.0.
Data protection registration
Registered with the ICO as a data protection fee payer — Z8461836 (Tier 2), registered since 2004.
Information Commissioner's Office register of fee payers, licensed under the Open Government Licence.
Contact details
- Website
- prophet.co.uk
- Phone
- 006646781, 041207252, 0887383695
Industry-specific ERP software built for fresh produce and floral supply chains. Gain real-time visibility, automation, traceability, and profitability with Prophet ERP.
Previous company names
| Name | Date changed |
|---|---|
| PROPHET PLC | 2023-10-12 |
| BLASS PLC | 2004-12-30 |
| B L A SOFTWARE SERVICES PLC | 1991-08-27 |
Previous registered addresses 3
| Address | Changed on |
|---|---|
| PROPHET HOUSE, 83 WARWICK ROAD, OLTON SOLIHULL, WEST MIDLANDS. B92 7HP | 2005-12-01 |
| 2 FITZHARDINGE STREET, LONDON, W1H 9PN | 1993-11-22 |
| 2 FITZHARDINGE STREET, LONDON, W1H 9PN | 1990-02-16 |
Among its peers
Top 1%
by shareholders' funds, of 591 similar companies in CV
Among the biggest employers among its local peers (45 staff).
Among the oldest 25% of its local peers, trading since 1989.
No.4 of the largest business and domestic software development companies in Coventry →
Competitors Coventry
This company ranks 4 among business and domestic software development in Coventry.
The class of 1989
50%
of the 21,096 companies incorporated in 1989 are still active today; 44% have since been dissolved.
A fact about the year, not a forecast for this company.
Property in England & Wales 1 title
- Leasehold
- 1
- Most recent registration
- 2023-11-09
- Where
- West Midlands
| Title number | County | Tenure | Registered | Price paid |
|---|---|---|---|---|
| MM190440 | West Midlands | Leasehold | 2023-11-09 | — |
For addresses and the authoritative register entry, use HM Land Registry's official search (£3 per title).
Information produced by HM Land Registry. © Crown copyright 2026. Dataset as at 2026-08.