Ase Group Limited
Registered name: ASE GROUP LIMITED
Part of Valsoft UK Holdings Limited groupAse Group Limited made £0 revenue and a £1.2m loss in the year to 31 Dec 2024. read from filing text
Ase Group Limited’s revenue was £0 in the year to 31 Dec 2024, with a loss of £1.2m and 0 employees. The company is classified under “activities of head offices” and is based in Cardiff; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Cardiff, Wales
- Age
- 36 yrs · since 1989
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
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
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 |
|---|---|---|---|
| Disclosure | Profit only | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | |||
| Revenue (turnover) | — | £0 | £0 |
| Operating profit | −£646 | −£932k | — |
| Profit before tax | — | −£932k | −£1.2m |
| Profit after tax | −£646 | −£932k | −£1.2m |
| Profit (best available) | −£646 | −£932k | −£1.2m |
| Staff costs | £0 | £899k | £983k |
| Employees (average) | 0 | 0 | 0 |
| Ratios | |||
| Profit margin | — | — | — |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £2.5k | £5.5k | £4.8k |
| Net assets | £1.5m | £602k | −£562k |
| Fixed assets | £51.1k | £51k | — |
| Current assets | £1.6m | £1.4m | £1.9m |
| Debtors | £1.6m | £1.4m | £1.9m |
| Deferred income | £0 | £13k | £31.8k |
| Cash from operations | — | — | £694 |
| Source | FullAccounts · bulk data Mar 2025 | FullAccounts · bulk data Mar 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
- —
- 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
- ▼193%
- Now −£562k
- Cash at bank
- ▼13%
- Now £4.8k
- Headcount
- —
- Now 0
- Deferred income
- ▲145%
- Now £31.8k
- Fixed assets
- —
- Now —
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Valsoft UK Holdings Limitedultimate parent75–100%
- Ase Group Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Ase PLCRev. £5.6m · Profit −£1.6m
Sister companies (14)
- Bold Systems LimitedFigures not disclosed
- Chiral Systems LimitedFigures not disclosed
- Collectionhq LimitedFigures not disclosed
- Cybertill Group LimitedRev. — · Profit −£165k
- Fluent UK Bidco I LimitedFigures not disclosed
- FMS Systems LimitedFigures not disclosed
- Idgateway LimitedRev. — · Profit £1.4m
- Kudos Software Ltd.Figures not disclosed
- Shelton Development Services LimitedFigures not disclosed
- Tigertms Holdings LimitedFigures not disclosed
- Valpay UK LimitedFigures not disclosed
- Virtual Trader Group LimitedFigures not disclosed
- Virtual Trader LimitedFigures not disclosed
- Zafire Group LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Dec 2024 (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.