Api Software Limited
Registered name: API SOFTWARE LIMITED
Part of Sep V LP groupApi Software Limited made a £1.2m loss in the year to 31 Jan 2026 (revenue not disclosed).
Api Software Limited reported a loss of £1.2m in the year to 31 Jan 2026; its revenue was not disclosed. It had 180 employees. The company is classified under “information technology consultancy activities” and is based in Glasgow; we hold 5 years of its filed accounts.
- Status
- Active
- Location
- Glasgow, Scotland
- Age
- 31 yrs · since 1994
- Type
- Private Limited Company
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.
Key figures
This company published its profit but not its turnover, so revenue and margins are not disclosed. We never estimate them.
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Jan 2022 | 31 Jan 2023 | 31 Jan 2024 | 31 Jan 2025 | 31 Jan 2026 |
|---|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&Lread from filing text | Profit only | Profit only |
| Profit & loss | |||||
| Revenue (turnover) | £10.8m | £13.3m | £16.1m | — | — |
| Cost of sales | £3.8m | £4.8m | £5.2m | £6.3m | £9.3m |
| Gross profit | £7m | £8.4m | £10.8m | — | — |
| Operating profit | −£827k | −£2.3m | −£3.5m | — | — |
| Profit before tax | −£863k | −£2.3m | −£3.6m | — | — |
| Profit after tax | −£707k | −£1.7m | −£2.8m | −£1m | −£1.2m |
| Profit (best available) | −£707k | −£1.7m | −£2.8m | −£1m | −£1.2m |
| Staff costs | £6.8m | £9.6m | — | — | — |
| Employees (average) | 102 | 137 | 155 | 161 | 180 |
| Ratios | |||||
| Profit margin | −6.6% | −12.6% | −17.2% | — | — |
| Gross margin | 64.7% | 63.6% | 67.5% | — | — |
| Revenue per employee | £106k | £96.7k | £104k | — | — |
| Profit per employee | −£6.9k | −£12.2k | −£17.8k | −£6.3k | −£6.7k |
| Growth (year on year) | |||||
| Revenue growth | — | ▲22.7% | ▲21.1% | — | — |
| Headcount growth | — | ▲34.3% | ▲13.1% | ▲3.9% | ▲11.8% |
| Balance sheet — indirect signals, not revenue | |||||
| Cash at bank | £2.5m | £1.1m | £1.8m | £4.1m | £6.5m |
| Net assets | £1.4m | −£286k | −£3m | −£4.1m | −£5.3m |
| Fixed assets | £664k | £566k | £321k | £330k | £362k |
| Current assets | £6.2m | £7.2m | £11.1m | £11.6m | £15.8m |
| Debtors | £2.7m | £4.6m | £7.3m | £5.1m | £6.3m |
| Deferred income | £765k | £0 | £2.2m | £1.2m | £142k |
| Cash from operations | −£95.1k | £1.6m | £760k | — | — |
| Source | Accounts · bulk data Oct 2023 | Accounts · bulk data Oct 2023 | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Jul 2025 | FullAccounts · bulk data Jul 2026 |
How the business works
- Profit margin
- —
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- —
- Revenue ÷ average employees.
- Profit per employee
- −£6.7k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- —
- Now −£5.3m
- Cash at bank
- ▲60%
- Now £6.5m
- Headcount
- ▲12%
- Now 180
- Deferred income
- ▼88%
- Now £142k
- Fixed assets
- ▲10%
- Now £362k
Group structure
Ownership chain
- Sep V LPultimate parent50–75%
- Api Software Holdings Limited75–100%
- Api Software Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Grath Consultancy Group LimitedFigures not disclosed
Sister companies (1)
- Api Software Nominees LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 31 Jan 2026 (profit −£1.2m), from the Companies House accounts bulk data published Jul 2026. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.