UK Companies House feature
ASITE SOLUTIONS LIMITED
Cash
£582K
-15% vs 2023
Net assets
-£6M
-51.8% vs 2023
Employees
71
0% vs 2023
Profit before tax
-£2M
+58.5% vs 2023
Profile
- Company number
- 04040122
- Status
- Active
- Incorporation
- 2000-07-20
- Last accounts made up
- 2024-06-30
- Account category
- FULL
- Primary SIC
- 62012
Net assets
7-year trend · vs UK AI & Enterprise SaaS median
ASITE SOLUTIONS LIMITED
ASITE SOLUTIONS LIMITED
ASITE SOLUTIONS LIMITED
ASITE SOLUTIONS LIMITED
Accounts
7-year trend · latest 2024-06-30
| Metric | Trend | 2020-07-01 | 2021-06-30 | 2021-07-01 | 2022-06-30 | 2022-07-01 | 2023-06-30 | 2024-06-30 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | £10,647,840 | — | £11,636,731 | — | £13,669,607 | £15,529,479 | |
| Operating profit | — | £803,339 | — | -£5,434,650 | — | -£4,987,270 | -£1,652,594 | |
| Profit before tax | — | £803,339 | — | -£5,432,531 | — | -£4,983,260 | -£2,069,084 | |
| Net profit | — | £1,478,815 | — | -£7,177,980 | — | -£4,912,867 | -£2,069,084 | |
| Cash | — | £1,567,704 | — | £483,269 | — | £683,955 | £581,626 | |
| Total assets less current liabilities | — | £8,214,824 | — | £1,036,844 | — | -£3,993,215 | -£130,425 | |
| Net assets | — | £8,214,824 | — | £1,036,844 | — | -£3,993,215 | -£6,062,299 | |
| Equity | £8,936,009 | £8,214,824 | £8,214,824 | £1,036,844 | £919,652 | -£3,993,215 | -£6,062,299 | |
| Average employees | — | 49 | — | 73 | — | 71 | 71 | |
| Wages | — | £2,136,363 | — | £3,377,965 | — | £3,284,907 | £3,789,047 |
Values shown as filed in iXBRL accounts. — indicates the figure was not present in the extracted filing (either not filed under that concept or absent from the period). About these numbers
Audit & accounting basis
From AI-extracted PDF accounts
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Armstrong Watson Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“On this basis, the Directors are confident that no material uncertainty exists and that it is appropriate to prepare the financial statements on a going concern basis.”
Subsidiaries
- Asite Solutions Private Limited · 99.7% held · India
- Asite LLC · 100% held · United States
- Asite Solutions PTY Ltd · 100% held · Australia
- Asite Solutions HK Limited · 100% held · Hong Kong
- Asite Solutions DMCC · 100% held · Dubai
- Saudi Asite Company for communications and Info Technology · 100% held · Saudi Arabia
- Asite Solutions BV · 100% held · Netherlands
Significant events
- “During the year, revenue increased by 13.3%, from £13,699,607 in 2023 to £15,529,479 in 2024. This growth was driven by significant contract wins and the continued adoption of Asite's Software as a Service (SaaS) platform across the UK and European markets.”
- “The company significantly reduced its operating loss from £(4,987,270) in 2023 to £(1,652,594) in 2024. The year-on-year improvement was primarily due to strong revenue growth and effective cost control measures.”
- “In FY25, the strong performance of the global construction sector is expected to drive further business growth. The company is experiencing continued strong revenue growth, both in net new business and in increased uptake within existing customer accounts.”
- “Asite Solutions Limited continuously assesses and mitigates risks that could impact its operations. Key risks include: Talent Retention, Technology and Innovation, Regulatory and Compliance Risks.”
- “The Company continues to invest in research and development in the field of digital engineering. Research and development costs incurred during the year to 30 June 2024 totalled £3,703,402 (2023: £3,072,789) all of which was capitalised.”
Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers
People
5 active · 34 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GADHIA, Sandip | Secretary | 2022-06-06 | — | — |
| DOUGHTY, Nathan Roy | Director | 2003-07-01 | May 1975 | British |
| GERA, Devendra Arjunlal | Director | 2004-04-05 | Nov 1968 | British |
| MARTIN, Nicole Ann | Director | 2021-03-10 | Nov 1963 | British |
| TCHENGUIZ, Robert | Director | 2021-03-10 | Sep 1960 | British |
Show 34 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ASHWORTH, Gordon Neville | Secretary | 2007-11-01 | 2015-06-09 |
| DOUGHTY, Nathan Roy | Secretary | 2016-04-15 | 2020-02-28 |
| GARDNER, Ian Andrew | Secretary | 2000-07-20 | 2000-09-04 |
| HEALD, Amanda Jane | Secretary | 2003-11-13 | 2007-10-31 |
| PATNI, Rajal | Secretary | 2002-10-09 | 2003-01-30 |
| PICKWORTH, Anthony Corey | Secretary | 2020-02-28 | 2022-06-06 |
| POPE, Michael Roger | Secretary | 2003-01-30 | 2003-02-28 |
| THOMAS, Giles Alexander Robert | Secretary | 2014-11-14 | 2016-04-15 |
| WOODS, Charles Henry | Secretary | 2003-02-28 | 2003-11-13 |
| WOODS, Charles Henry | Secretary | 2000-09-04 | 2000-12-01 |
| WOODS, Charles Henry | Secretary | 2000-09-04 | 2002-10-09 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 2000-07-20 | 2000-07-20 |
| ALDER, Paul Steven | Director | 2002-08-15 | 2003-01-30 |
| ASHWORTH, Gordon Neville | Director | 2004-03-22 | 2006-06-05 |
| AUSTIN, Brian Sergio, Mr. | Director | 2004-04-05 | 2004-10-22 |
| BACKLER, Adrian Charles | Director | 2003-07-01 | 2004-10-22 |
| CAMP, David John | Director | 2000-10-19 | 2002-01-18 |
| DENGENIS, Thomas Francis | Director | 2002-07-10 | 2005-03-11 |
| EGAN, John Leopold, Sir | Director | 2001-04-24 | 2002-08-15 |
| ENSCH, Robert | Director | 2003-02-24 | 2003-10-30 |
| ENSING, Michael | Director | 2000-12-01 | 2001-07-18 |
| GARDNER, Ian Andrew | Director | 2000-07-20 | 2000-09-04 |
| MADHU, Sanjay Amritlal | Director | 2004-05-05 | 2007-04-03 |
| MELLON, Alastair John Farquarson | Director | 2000-12-01 | 2003-04-08 |
| PATNI, Rajal | Director | 2002-10-09 | 2003-01-02 |
| PICKWORTH, Anthony Corey | Director | 2020-02-06 | 2022-06-06 |
| ROGERS, Peter William | Director | 2000-10-19 | 2002-08-15 |
| RYAN, Tony Patrick | Director | 2004-04-05 | 2020-01-02 |
| SHAW, Barry Thomas | Director | 2000-07-20 | 2000-12-01 |
| SIDLEY, Mark Richard | Director | 2002-08-15 | 2003-01-03 |
| TCHENGUIZ, Robert | Director | 2000-12-01 | 2002-08-15 |
| WOLSTENHOLME, Andrew William Lewis | Director | 2001-05-16 | 2002-08-15 |
| WOODS, Charles Henry | Director | 2000-10-19 | 2002-10-09 |
| INSTANT COMPANIES LIMITED | Corporate Nominee Director | 2000-07-20 | 2000-07-20 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Asite Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-07-20 | Active |
Filing timeline
Last 20 of 200 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2026-02-09 | PSC05 | persons-with-significant-control | change to a person with significant control |
| 2025-09-04 | CS01 | confirmation-statement | confirmation statement with updates |
| 2025-06-26 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2025-04-29 | MR04 | mortgage | mortgage satisfy charge full |
| 2025-04-29 | MR04 | mortgage | mortgage satisfy charge full |
| 2025-03-31 | AA | accounts | accounts with accounts type full |
| 2024-08-02 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2024-03-29 | AA | accounts | accounts with accounts type full |
| 2024-03-08 | MA | incorporation | memorandum articles |
| 2024-03-05 | RESOLUTIONS | resolution | resolution |
| 2024-02-09 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2024-02-09 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2024-01-26 | MR04 | mortgage | mortgage satisfy charge full |
| 2024-01-26 | MR04 | mortgage | mortgage satisfy charge full |
| 2023-09-04 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2023-06-30 | AA | accounts | accounts with accounts type full |
| 2022-08-22 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2022-07-20 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2022-06-08 | AP03 | officers | appoint person secretary company with name date |
| 2022-06-08 | TM02 | officers | termination secretary company with name termination date |
Credit score
Altman Z″ (private-firm) · reference 2024-06-30
-4.07
DISTRESS
Altman Z″
- Working capital / Total assets -0.475 × 6.56 = -3.12
- Retained earnings / Total assets 0.000 × 3.26 = +0.00
- EBIT / Total assets -0.100 × 6.72 = -0.67
- Book equity / Total liabilities -0.267 × 1.05 = -0.28
Bands: > 2.6 safe · 1.1–2.6 grey · < 1.1 distress. Z″ is a public-formula baseline, not a substitute for adverse-data signals (CCJs, charges, gazette notices) — those land in a later pass.
Activity Score
Filings velocity, capital events, officer churn, accounts trajectory
Activity Score not yet computed for this company.