SEI EUROPEAN SERVICES LIMITED

Company number

05402584

Status

Active

Incorporation

2005-03-23

Last accounts made up

2024-12-31

Account category

FULL

Primary SIC

66190

Hubs

UK Fintech

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

KPMG LLP, Statutory Auditor

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Data retention services associated with legacy investment processing business are contracted with an initial term until 2026. The directors of the Company have no intention to cease operations or liquidate the Company, and the Company is currently pursuing other business opportunities that the directors expect will result in new sources of revenues. Recent opportunities have identified there is a demand to provide the SEI Wealth Platform service to UK offshore entities or as an unregulated service. At 31 December 2024, the Company had net liabilities of £12,419,000 (2023: £13,324,000). The Company's ultimate parent has confirmed its intention to provide financial support for at least another 12 months from the date of approval of these financial statements. Accordingly, the financial statements have been prepared on a going concern basis. ... The directors have prepared the financial statements on the going concern basis as they do not intend to liquidate the Company or to cease its operations, and as they have concluded that the Company's financial position means that this is realistic. They have also concluded that there are no material uncertainties that could have cast significant doubt over its ability to continue as a going concern for at least a year from the date of approval of the financial statements ("the going concern period").”

Subsidiaries

• SEI Investments - Guernsey Limited · 100% held · Bailiwick of Guernsey

Significant events

• “The Company performed an evaluation of subsequent events through 19 May 2025 which is the date the financial statements were made available to be issued. The Company determined that based on its evaluation that there were no items that would affect the reported amounts in the financial statements as of 31 December 2024. On 21 January 2025, the Company entered in to a subscription agreement with Inovea SAS, a French simplified joint-stock company. The subscription is the issuance of notes to the value of EUR 3,000,000 in order to partially fund the development and implementation of the Inovea Group's own technology capabilities. The notes are interest free and the redemption of notes follow a pre-agreed schedule ending 31 December 2029.”

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