Perfect Data Solutions Limited

The principal activity of the company is that of a credit data and software development house, specialising in open banking, data orchestration, credit risk consultancy and automated decision technology. The directors are very pleased with the performance of the company this year as indicated by the headline results showing a continued year on year increase in turnover of just over 25% and an outstanding 75% increase in operating profit over the same period (appropriately adjusted to ignore the impact on 2023 profits of an exceptional impairment) A strong increase in recurring revenue has underpinned the company’s ability to invest heavily once again in growth and in R&D. The directors and senior management team recognise the importance of innovation and the company has therefore this year invested more than ever before in growth and R&D by following the long term roadmap devised in constant collaboration with its engaged and diverse customer base. Significant product enhancements have been received very well by existing customers and have been instrumental in winning record levels of new business. Further such enhancements and new product streams are planned during 2025 alongside geographical expansion. The directors are further pleased to report that its strategic relationships with Equifax Limited and Experian Limited remain strong and in harmony with the company’s broad spectrum of product offerings. Investment During the year the Directors entered into negotiations with LDC (Managers) Limited to obtain significant investment for the company by way of a sale of their direct and indirect shareholdings in the company to a dedicated investment vehicle who would then provide significant investment to the company. This sale exchanged on 29 October 2024, is expected to complete in December 2024 and is subject to approval by the Financial Conduct Authority (received on 28 th November 2024) On completion, the Directors will not be resigning from the company and will also be taking significant shareholdings in the new ultimate parent company with Neil Williams and David Wylie also being appointed to the Board of Directors in the new Parent Company and Ultimate Parent Company. This investment will allow the company to cement its market position as a leader and innovator in the SaaS decisioning sector.