{"name":"PROPHET LIMITED","company_number":"02432936","status":"Active","type":"Private Limited Company","incorporated":"1989-10-16","dissolved":null,"registered_office":"Unit 1 Villiers Court, Meriden Business Park, Copse Drive Meriden, Coventry, CV5 9RG","postcode":"CV5 9RG","sic_codes":[{"code":62012,"description":"Business and domestic software development"}],"principal_activity":"The principal activity of the company continued to be that of a computer software house.","previous_names":[{"name":"PROPHET PLC","changed_on":"2023-10-12"},{"name":"BLASS PLC","changed_on":"2004-12-30"},{"name":"B L A SOFTWARE SERVICES PLC","changed_on":"1991-08-27"}],"warnings":[],"accounts":{"category":"Full","year_end":"31 December","last_made_up_to":"2024-12-31","next_due":"2026-12-31"},"employees":{"count":45,"accounts_date":"2024-12-31"},"financials":[{"financial_date":"2024-12-31","profit_loss":1731397,"cash":593415,"average_employees":45},{"financial_date":"2023-12-31","profit_loss":536404,"cash":485613,"average_employees":52},{"financial_date":"2022-12-31","cash":1814623},{"financial_date":"2021-12-31","turnover":8302144},{"financial_date":"2020-12-31","turnover":8176272,"cash":2889663}],"officers":{"current":14,"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":"Prophet Limited presents a mixed risk profile: recent operational performance is encouraging with strong margin improvement and revenue growth, and the company maintains a clean audit with no going concern qualifications. However, the unexplained collapse in total assets and shareholders' funds between 2022-2023, combined with deteriorating cash positions despite profitability, raises material questions about balance sheet quality and cash conversion. The concentrated ownership through Valstone Uk Holdings Limited and the significant Canadian presence on the board add governance complexity. The transition from PLC status in 2023 coinciding with these balance sheet movements requires thorough investigation before any commitment of capital.","website":"https://www.prophetize.com","links":{"page":"https://www.companiesintheuk.co.uk/ltd/prophet-1","people":"https://www.companiesintheuk.co.uk/company/prophet-1/people","filing_history":"https://www.companiesintheuk.co.uk/company/prophet-1/filing-history","companies_house":"https://find-and-update.company-information.service.gov.uk/company/02432936","financials":"https://www.companiesintheuk.co.uk/company/prophet-1/financial","control":"https://www.companiesintheuk.co.uk/company/prophet-1/control","charges":"https://www.companiesintheuk.co.uk/company/prophet-1/charges","ai_analysis":"https://www.companiesintheuk.co.uk/company/prophet-1/analysis"},"source":"CompaniesInTheUK, from Companies House, The Gazette and other public registers (see /support/about). Cite as: CompaniesInTheUK, https://www.companiesintheuk.co.uk/ltd/prophet-1"}