APUS BIDCO LIMITED

• ⚠

  Material uncertainty over going concern

  We draw attention to note 2 Going Concern in the financial statements which indicates a potential change in ownership in the next 12 months. These events and conditions, along with the other matters explained in note 2 Going Concern constitute a material uncertainty that may cast significant doubt on the Group and the parent Company's ability to continue as a going concern.

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

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

  +8.4%

  £39,256,000 → £42,538,000

• Cash

  -12.8%

  £24,767,000 → £21,602,000

• Net assets

  -3%

  £141,458,000 → £137,253,000

• Employees

  +9.8%

  205 → 225

• Operating profit

  +30.6%

  £8,595,000 → £11,226,000

• Profit before tax

  +12.1%

  -£7,030,000 → -£6,181,000

• Wages

  +7.8%

  £13,555,000 → £14,619,000

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.

Accounting basis

IFRS

Reporting scope

Consolidated group

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to note 2 Going Concern in the financial statements which indicates a potential change in ownership in the next 12 months. These events and conditions, along with the other matters explained in note 2 Going Concern constitute a material uncertainty that may cast significant doubt on the Group and the parent Company's ability to continue as a going concern.”

Group structure

1. APUS BIDCO LIMITED · parent
   1. AquilaHeywood Limited 100% · United Kingdom · Holding company
   2. Heywood Limited 100% · United Kingdom · Provision of software products relating to the administration of pension scheme, together with associated services and consultancy
   3. i-Connect Software Limited 100% · United Kingdom · Provision of data management service between pension funds and employers
   4. ATMOS Data Services Limited 100% · United Kingdom · Address tracing and mortality screening services
   5. Idiom Limited 100% · New Zealand · Provision of software products

Significant events

• “The Pension Dashboard ISP solution for the first wave of private sector customers went live in April 2025 which included new customers.”

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

Filings

9

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

3

last 12 months

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