APPLIED SYSTEMS EUROPE LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  +5.2%

  £32,104,000 → £33,766,000

• Cash

  -35.4%

  £9,414,000 → £6,077,000

• Net assets

  +11.8%

  £27,200,000 → £30,421,000

• Employees

  -0.4%

  283 → 282

• Operating profit

  -86.9%

  £19,888,000 → £2,596,000

• Profit before tax

  -83.3%

  £20,349,000 → £3,407,000

• Wages

  -2.5%

  £16,583,000 → £16,172,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

1. APPLIED SYSTEMS EUROPE LIMITED 2013-08-15 → present
2. INSURECOM LIMITED 2006-01-17 → 2013-08-15
3. ICL HOLDINGS LIMITED 2005-07-25 → 2006-01-17
4. INSURECOM LIMITED 2005-03-11 → 2005-07-25
5. INSURE-COM LIMITED 1999-06-24 → 2005-03-11
6. CATDUAL LIMITED 1999-05-05 → 1999-06-24

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Deloitte (NI) Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After making enquiries, including obtaining a letter of support from the ultimate parent entity Applied Systems Inc, and carrying out a review of projected funding over the next 12 months, taking account of reasonably possible changes in trading performance, the matters disclosed in Events since the balance sheet date in the Strategic Report, the Directors have a reasonable expectation that the Company has access to adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis in preparing the annual financial statements.”

Group structure

1. APPLIED SYSTEMS EUROPE LIMITED · parent
   1. ASE Software Ireland (Ireland) Limited 100% · Ireland · Provision of software solutions and related services to the Irish Insurance Industry

Significant events

• “On 10th June 2025, Applied Systems Europe announced a plan to remove the EPIC product from the UK market. This has no impact on its other products, but will result in some redundancies.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.