How much does Ase PLC make?

Ase PLC reported revenue of £5.6m and a loss of £1.6m in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Ase PLC have?

Ase PLC reported an average of 33 employees in the year to 31 Dec 2024.

Is Ase PLC profitable?

No — Ase PLC reported a loss of £1.6m in the year to 31 Dec 2024.

Company No. 06897642 · Incorporated 6 May 2009

Ase PLC

Registered name: ASE PLC

Part of Valsoft UK Holdings Limited group

Ase PLC made £5.6m revenue and a £1.6m loss in the year to 31 Dec 2024.

Ase PLC’s revenue fell 23% to £5.6m in the year to 31 Dec 2024, with a loss of £1.6m and 33 employees. The company is classified under “other information technology service activities” and is based in London; we hold 3 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 62090Other information technology service activities

Status: Active
Location: London, London
Age: 17 yrs · since 2009
Type: Public 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. From the filing: “ASE Group Limited”

Latest accounts · year to 31 Dec 2024

Key figures

Cash flow filed

Revenue

£5.6m

Growth ▼22.8%

Profit

−£1.6m

Growth —

Profit margin

−28.9%

Gross 26.7%

Employees

Change ▼8.3%

Profit / employee

−£48.9k

Revenue/employee £169k

Profitable streak

0yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	30 Dec 2022	30 Dec 2023	31 Dec 2024
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£6.6m	£7.2m	£5.6m
Cost of sales	£6.9m	£5.7m	£4.1m
Gross profit	−£324k	£1.5m	£1.5m
Operating profit	−£829k	−£547k	−£1.6m
Profit before tax	−£864k	−£550k	−£1.5m
Profit after tax	−£555k	−£533k	−£1.6m
Profit (best available)	−£555k	−£533k	−£1.6m
Staff costs	£3.2m	£1.4m	£1.7m
Employees (average)	46	36	33
Ratios
Profit margin	−8.5%	−7.4%	−28.9%
Gross margin	−4.9%	20.7%	26.7%
Revenue per employee	£143k	£201k	£169k
Profit per employee	−£12.1k	−£14.8k	−£48.9k
Growth (year on year)
Revenue growth	—	▲10.2%	▼22.8%
Headcount growth	—	▼21.7%	▼8.3%
Balance sheet — indirect signals, not revenue
Cash at bank	£363k	£328k	£236k
Net assets	−£799k	−£1.4m	−£2.9m
Fixed assets	£3.3m	£2.7m	£1.9m
Current assets	£3.7m	£3.5m	£1.9m
Debtors	£1.2m	£764k	£751k
Deferred income	£499k	£627k	£231k
Cash from operations	£826k	−£4.1k	£113k
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2025

Derived from the latest filing

How the business works

Profit margin: −28.9%; Profit ÷ revenue.
Gross margin: 26.7%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £169k; Revenue ÷ average employees.
Profit per employee: −£48.9k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 34.4%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 4.1%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 13.4%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

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 −£2.9m
Cash at bank: ▼28%; Now £236k
Headcount: ▼8%; Now 33
Deferred income: ▼63%; Now £231k
Fixed assets: ▼28%; Now £1.9m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Valsoft UK Holdings Limitedultimate parent75–100%
Ase Group Limited75–100%
Ase PLCthis company

Bands show the share of ownership each company holds in the one below it.

From the Persons with Significant Control register (corporate controllers only).

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2024 (profit −£1.6m), from the Companies House accounts bulk data published Sep 2025. 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.