ace software solutions limited
ace software solutions limited Company Information
Company Number
03424072
Next Accounts
Sep 2025
Shareholders
ace software solutions inc.
Group Structure
View All
Industry
Other information technology and computer service activities
Registered Address
83 cambridge street, london, SW1V 4PS
Website
http://pelican.aiace software solutions limited Estimated Valuation
Pomanda estimates the enterprise value of ACE SOFTWARE SOLUTIONS LIMITED at £1.8m based on a Turnover of £2.4m and 0.76x industry multiple (adjusted for size and gross margin).
ace software solutions limited Estimated Valuation
Pomanda estimates the enterprise value of ACE SOFTWARE SOLUTIONS LIMITED at £1.2m based on an EBITDA of £234.8k and a 5.19x industry multiple (adjusted for size and gross margin).
ace software solutions limited Estimated Valuation
Pomanda estimates the enterprise value of ACE SOFTWARE SOLUTIONS LIMITED at £2.1m based on Net Assets of £945.8k and 2.25x industry multiple (adjusted for liquidity).
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Ace Software Solutions Limited Overview
Ace Software Solutions Limited is a live company located in london, SW1V 4PS with a Companies House number of 03424072. It operates in the other information technology service activities sector, SIC Code 62090. Founded in August 1997, it's largest shareholder is ace software solutions inc. with a 100% stake. Ace Software Solutions Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.4m with declining growth in recent years.
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Ace Software Solutions Limited Health Check
Pomanda's financial health check has awarded Ace Software Solutions Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs
2 Strong
4 Regular
5 Weak
Size
annual sales of £2.4m, make it smaller than the average company (£7.4m)
- Ace Software Solutions Limited
£7.4m - Industry AVG
Growth
3 year (CAGR) sales growth of -17%, show it is growing at a slower rate (8%)
- Ace Software Solutions Limited
8% - Industry AVG
Production
with a gross margin of 51.7%, this company has a comparable cost of product (51.7%)
- Ace Software Solutions Limited
51.7% - Industry AVG
Profitability
an operating margin of 5.9% make it more profitable than the average company (3.5%)
- Ace Software Solutions Limited
3.5% - Industry AVG
Employees
with 12 employees, this is below the industry average (43)
12 - Ace Software Solutions Limited
43 - Industry AVG
Pay Structure
on an average salary of £74.4k, the company has an equivalent pay structure (£74.4k)
- Ace Software Solutions Limited
£74.4k - Industry AVG
Efficiency
resulting in sales per employee of £198.1k, this is equally as efficient (£178.1k)
- Ace Software Solutions Limited
£178.1k - Industry AVG
Debtor Days
it gets paid by customers after 42 days, this is near the average (52 days)
- Ace Software Solutions Limited
52 days - Industry AVG
Creditor Days
its suppliers are paid after 253 days, this is slower than average (33 days)
- Ace Software Solutions Limited
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Ace Software Solutions Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (14 weeks)
0 weeks - Ace Software Solutions Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 82.2%, this is a higher level of debt than the average (64.7%)
82.2% - Ace Software Solutions Limited
64.7% - Industry AVG
ACE SOFTWARE SOLUTIONS LIMITED financials
Ace Software Solutions Limited's latest turnover from December 2023 is estimated at £2.4 million and the company has net assets of £945.8 thousand. According to their latest financial statements, Ace Software Solutions Limited has 12 employees and maintains cash reserves of £12.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | |||||||||||||||
| Tax | |||||||||||||||
| Profit After Tax | |||||||||||||||
| Dividends Paid | |||||||||||||||
| Retained Profit | |||||||||||||||
| Employee Costs | |||||||||||||||
| Number Of Employees | 12 | 14 | 12 | 8 | 9 | 9 | 9 | 8 | 7 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 119,325 | 214,556 | 310,467 | 343,490 | 33,833 | 248,184 | 145,976 | 217,089 | 253,326 | 320,452 | 35,473 | 81,046 | 126,812 | 172,833 | 211,695 |
| Intangible Assets | |||||||||||||||
| Investments & Other | 1,507,520 | 1,370,716 | 1,337,931 | 1,198,989 | 543,453 | 178,353 | 646 | 646 | |||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 1,626,845 | 1,585,272 | 1,648,398 | 1,542,479 | 577,286 | 248,184 | 324,329 | 217,735 | 253,972 | 320,452 | 35,473 | 81,046 | 126,812 | 172,833 | 211,695 |
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 279,081 | 748,931 | 1,153,157 | 979,355 | 461,956 | 831,476 | 1,219,884 | 1,247,961 | 241,009 | 1,182,652 | 1,189,535 | 884,346 | 1,128,964 | 1,297,584 | 377,418 |
| Group Debtors | 3,095,173 | 1,391,615 | 489,643 | 72,513 | 1,068,224 | 869,741 | 748,781 | ||||||||
| Misc Debtors | 302,147 | 752,101 | 572,788 | 844,677 | 620,692 | 345,076 | 358,528 | 225,221 | |||||||
| Cash | 12,396 | 10,022 | 116,444 | 348,124 | 1,707,369 | 956,119 | 715,393 | 798,813 | 265,728 | 183,378 | 314,052 | 198,120 | 182,802 | 12,757 | 77,115 |
| misc current assets | |||||||||||||||
| total current assets | 3,688,797 | 2,902,669 | 2,332,032 | 2,244,669 | 2,790,017 | 3,021,660 | 3,348,577 | 3,275,043 | 1,480,739 | 1,366,030 | 1,503,587 | 1,082,466 | 1,311,766 | 1,310,341 | 454,533 |
| total assets | 5,315,642 | 4,487,941 | 3,980,430 | 3,787,148 | 3,367,303 | 3,269,844 | 3,672,906 | 3,492,778 | 1,734,711 | 1,686,482 | 1,539,060 | 1,163,512 | 1,438,578 | 1,483,174 | 666,228 |
| Bank overdraft | 248,186 | 201,944 | 48,280 | 86,466 | 86,489 | ||||||||||
| Bank loan | 86,489 | 86,489 | 97,661 | ||||||||||||
| Trade Creditors | 795,765 | 301,387 | 368,787 | 604,470 | 487,894 | 247,653 | 158,739 | 216,044 | 107,857 | 753,836 | 1,197,373 | 976,086 | 1,241,318 | 1,261,771 | 412,488 |
| Group/Directors Accounts | 216,420 | 1,021 | 166,590 | 226,788 | 1,582,167 | 1,309,635 | |||||||||
| other short term finances | 456,750 | 718,834 | |||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 2,519,149 | 2,165,716 | 1,759,608 | 1,501,753 | 1,442,490 | 922,595 | 886,367 | 642,506 | |||||||
| total current liabilities | 4,019,850 | 2,885,467 | 2,129,416 | 2,321,093 | 2,243,638 | 2,157,510 | 2,749,990 | 2,498,535 | 848,024 | 753,836 | 1,197,373 | 976,086 | 1,241,318 | 1,261,771 | 412,488 |
| loans | 350,000 | 680,000 | 930,000 | 530,000 | 225,116 | 218,095 | 302,617 | 355,535 | 122,822 | 20,089 | 44,196 | ||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 330,374 | 44,196 | 68,303 | 92,410 | 100,102 | 104,129 | |||||||||
| provisions | 114 | 283 | 581 | 1,023 | 21,192 | 28,961 | |||||||||
| total long term liabilities | 350,000 | 680,114 | 930,283 | 530,581 | 226,139 | 317,714 | 239,287 | 331,578 | 355,535 | 453,196 | 44,196 | 68,303 | 92,410 | 120,191 | 148,325 |
| total liabilities | 4,369,850 | 3,565,581 | 3,059,699 | 2,851,674 | 2,469,777 | 2,475,224 | 2,989,277 | 2,830,113 | 1,203,559 | 1,207,032 | 1,241,569 | 1,044,389 | 1,333,728 | 1,381,962 | 560,813 |
| net assets | 945,792 | 922,360 | 920,731 | 935,474 | 897,526 | 794,620 | 683,629 | 662,665 | 531,152 | 479,450 | 297,491 | 119,123 | 104,850 | 101,212 | 105,415 |
| total shareholders funds | 945,792 | 922,360 | 920,731 | 935,474 | 897,526 | 794,620 | 683,629 | 662,665 | 531,152 | 479,450 | 297,491 | 119,123 | 104,850 | 101,212 | 105,415 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 95,231 | 95,911 | 91,023 | 86,437 | 47,011 | 76,145 | 77,294 | 77,312 | 70,903 | 63,195 | 45,573 | 45,766 | 46,021 | 38,861 | 20,565 |
| Amortisation | |||||||||||||||
| Tax | |||||||||||||||
| Stock | |||||||||||||||
| Debtors | 783,754 | 677,059 | 319,043 | 813,897 | 251,172 | -1,801,708 | 156,954 | 1,261,219 | 32,359 | -6,883 | 305,189 | -244,618 | -168,620 | 920,166 | 377,418 |
| Creditors | 494,378 | -67,400 | -235,683 | 116,576 | 240,241 | 88,914 | -57,305 | 108,187 | -645,979 | -443,537 | 221,287 | -265,232 | -20,453 | 849,283 | 412,488 |
| Accruals and Deferred Income | 353,433 | 406,108 | 257,855 | 59,263 | 1,442,490 | -922,595 | 36,228 | 243,861 | 642,506 | ||||||
| Deferred Taxes & Provisions | -114 | -169 | -298 | -442 | 1,023 | -21,192 | -7,769 | 28,961 | |||||||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 136,804 | 32,785 | 138,942 | 655,536 | 543,453 | -178,353 | 177,707 | 646 | |||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | -86,489 | -11,172 | 97,661 | ||||||||||||
| Group/Directors Accounts | -216,420 | 215,399 | -165,569 | -60,198 | 226,788 | -1,582,167 | 272,532 | 1,309,635 | |||||||
| Other Short Term Loans | 456,750 | -718,834 | 718,834 | ||||||||||||
| Long term loans | -330,000 | -250,000 | 400,000 | 304,884 | 225,116 | -218,095 | -84,522 | -52,918 | 232,713 | 122,822 | -20,089 | -24,107 | 44,196 | ||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | -330,374 | 286,178 | -24,107 | -24,107 | -7,692 | -4,027 | 104,129 | ||||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | 2,374 | -106,422 | -231,680 | -1,359,245 | 751,250 | 240,726 | -83,420 | 533,085 | 82,350 | -130,674 | 115,932 | 15,318 | 170,045 | -64,358 | 77,115 |
| overdraft | 46,242 | 201,944 | -48,280 | -38,186 | -23 | 86,489 | |||||||||
| change in cash | -43,868 | -308,366 | -183,400 | -1,321,059 | 751,273 | 154,237 | -83,420 | 533,085 | 82,350 | -130,674 | 115,932 | 15,318 | 170,045 | -64,358 | 77,115 |
ace software solutions limited Credit Report and Business Information
Ace Software Solutions Limited Competitor Analysis
Perform a competitor analysis for ace software solutions limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in SW1V area or any other competitors across 12 key performance metrics.
ace software solutions limited Ownership
ACE SOFTWARE SOLUTIONS LIMITED group structure
Ace Software Solutions Limited has 2 subsidiary companies.
Ultimate parent company
ACE SOFTWARE SOLUTIONS INC
#0036822
1 parent
ACE SOFTWARE SOLUTIONS LIMITED
03424072
2 subsidiaries
ace software solutions limited directors
Ace Software Solutions Limited currently has 2 directors. The longest serving directors include Mr Aleksandar Grujicic (Feb 2025) and Mr Daren Trousdell (Feb 2025).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Aleksandar Grujicic | England | 45 years | Feb 2025 | - | Director |
| Mr Daren Trousdell | England | 45 years | Feb 2025 | - | Director |
P&L
December 2023turnover
2.4m
-33%
operating profit
139.6k
0%
gross margin
51.8%
-1.67%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
945.8k
+0.03%
total assets
5.3m
+0.18%
cash
12.4k
+0.24%
net assets
Total assets minus all liabilities
ace software solutions limited company details
company number
03424072
Type
Private limited with Share Capital
industry
62090 - Other information technology and computer service activities
incorporation date
August 1997
age
28
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
N/A
accountant
GEORGE HAY & CO
auditor
-
address
83 cambridge street, london, SW1V 4PS
Bank
HSBC BANK PLC
Legal Advisor
-
ace software solutions limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 1 charges/mortgages relating to ace software solutions limited. Currently there are 1 open charges and 0 have been satisfied in the past.
ace software solutions limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for ACE SOFTWARE SOLUTIONS LIMITED. This can take several minutes, an email will notify you when this has completed.
ace software solutions limited Companies House Filings - See Documents
| date | description | view/download |
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