TRACER MANAGEMENT SYSTEMS LIMITED
Company number 03611671 · Monitor this company
Executive summary
Tracer Management Systems is experiencing rapid revenue growth but is in severe financial distress, having accrued a £4.8m loss and negative net assets of £-8.12m. The company is technically insolvent on a standalone basis and is surviving entirely on the implied financial support of its parent company, Joblogic Limited. While the expansion and acquisition strategy shows top-line promise, the business must urgently stem its cash burn and manage its ballooning liabilities to avoid critical failure.
Shareholders' funds
-£8,198,281
Balance sheet as at 2024-12-31
What it does
The company's principal activity is the development and supply of computer software.
The company's own description, from its latest filed accounts.
Overview
- Company type
- Private Limited Company
- Incorporated
- 1998-08-07
- Employees
- 216 (2024 accounts · was 177 in 2023)
- Registered office
- Unit 305, Zellig Building Gibb Street, Birmingham, England, B9 4AA
- Postcode
- B9 4AA
- Capital
- 75,000 GBP
- Accounts category
- Medium
- Charges
- 1 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
- 2026-08-06
- Next due by
- 2027-08-20
Nature of business (SIC)
- 62012 Business and domestic software development
Officers 4 current · 12 resigned
Group structure 3 subsidiaries
Controlled by JOBLOGIC LIMITED — since 2016-04-06
From persons-with-significant-control filings on the public register.
Previous company names
| Name | Date changed |
|---|---|
| COSMICCASE LIMITED | 1998-11-24 |
Previous registered addresses 3
| Address | Changed on |
|---|---|
| REDHILL ROAD, YARDLEY, BIRMINGHAM, B25 8EY | 2013-12-24 |
| 195 HIGH STREET, CRADLEY HEATH, WEST MIDLANDS B64 5HW | 1998-12-29 |
| 61 FAIRVIEW AVENUE, WIGMORE, GILLINGHAM, KENT ME8 0QP | 1998-11-11 |
Among its peers
2nd largest employer
of 598 similar companies in B, with 216 staff. Among the oldest 25% of its local peers.
Competitors Birmingham
This company ranks 943 among business and domestic software development in Birmingham.
The class of 1998
51%
of the 672 companies in this sector incorporated in 1998 are still active today; 47% have since been dissolved.
A fact about the year, not a forecast for this company.