PARK PLACE TECHNOLOGIES UK HOLDINGS LIMITED

Company number

12046858

Status

Active

Incorporation

2019-06-12

Last accounts made up

2024-12-31

Account category

GROUP

Primary SIC

62012

Hubs

UK AI & Enterprise SaaS

Accounting basis

FRS 102

Reporting scope

Consolidated (group)

Auditor

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on the going concern basis. The Group generated losses after tax of £12.3 million (2023: £0.6 million) and was in a net liability position of £66.4 million (2023: £70.7 million), however included in the net liability position is £97.1 million (2023: £91.7 million) of amounts owed to group undertakings, and Park Place Technologies LLC has provided the Company and its subsidiary undertakings that for at least 12 months from the date of approval of these financial statements, it will continue to make available such funds as are needed by the Group and in particular will not seek repayment of the amounts currently made available. This will enable the Company and Group to continue in operational existence for the foreseeable future by meeting its liabilities as they fall due for payment. Based on this understanding, the directors believe that it remains appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments which would result from the basis of preparation being inappropriate.”

Subsidiaries

• Park Place Technologies Limited · 100% held · London, SE10 0ER · Third party maintenance provider for IT infrastructure
• Park Place Technologies Ireland Limited · 100% held · Blarney, Cork, Ireland T23 XW1C · Third party maintenance provider for IT infrastructure
• Park Place Technologies GmbH · 100% held · Wiesbaden · Third party maintenance provider for IT infrastructure
• Park Place Technologies Private Limited · 100% held · Singapore, 159557 · Third party maintenance provider for IT infrastructure
• Park Place Technologies Israel Limited · 100% held · Tel Aviv, Israel 6777016 · Third party maintenance provider for IT infrastructure
• Park Place Technologies Middle East FZ-LLC · 100% held · Dubai, United Arab Emirates 500099 · Third party maintenance provider for IT infrastructure
• Park Place Technologies Malaysia Sdn. Bhd. · 100% held · UOA Business Park, No. 1 Jalan Pengaturcara U1/51A, Seksyen U1, 40150 Sh · Third party maintenance provider for IT infrastructure
• Park Place Technologies (Hong Kong) Limited · 100% held · Kwun Tong, Kowloon, Hong Kong · Third party maintenance provider for IT infrastructure
• Entuity Limited · 100% held · London, England, SE10 0ER · Developing, selling and servicing network management software
• Park Place Technologies Denmark A/S · 100% held · Hasselager, DK · Third party maintenance provider for IT infrastructure
• Park Place Technologies (Macau) Limited · 100% held · Macau · Dormant
• Curvature (Malaysia) SDN BHD · 100% held · Penang, Pulau Pinang · Dormant
• SSCS International Holdings BV · 100% held · Oude Meer, Netherlands · Dormant
• SSCS Holding B.V. · 100% held · Oude Meer, Netherlands · Dormant
• Park Place Technologies B.V. · 100% held · Oude Meer, Netherlands · Dormant
• Park Place Technologies OY · 100% held · Helsinki, Finland · Dormant
• Park Place Technologies Australia Pty Ltd · 100% held · North Sydney, NSW 2060, Australia · Dormant
• Curvature (Australia) Technologies Pty Limited · 100% held · North Sydney, NSW 2060, Australia · Dormant
• SSCS Global (M) SDN BHD · 100% held · UOA Business Park, No. 1 Jalan Pengaturcara U1/51A, Seksyen U1, 40150 Sh · Third party maintenance provider for IT infrastructure
• Park Place Technology Brazil Telecomunicacoes Ltd · 85% held · Sao Paulo SP 01418 Brazil · Third party maintenance provider for IT infrastructure
• Park Place Technologies Colombia S.A.S · 100% held · Bogota, Colombia, 110221 · Third party maintenance provider for IT infrastructure
• CentricsIT Europe Limited · 100% held · London, SE10 0ER · Dormant
• Park Place Technologies Philippines, Inc. · 100% held · Mandaluyong City 1554 P · Third party maintenance provider for IT infrastructure
• Park Place Technologies India Private Limited · 100% held · Bangalore Karnataka 560076 · Third party maintenance provider for IT infrastructure
• Xuper Limited · 100% held · London, England, SE10 0ER · Dormant
• CentricsIT Europe Limited SRL Romania · 100% held · Bucharest, Romania · Dormant
• Protec IT-Solutions GmbH · 100% held · Limburg a.d. Lahn, Germany · Dormant
• Xuper US, Inc · 100% held · Mayfield Heights, OH 44124 · Dormant
• Xuper GmbH · 100% held · Frankfurt am Main · Dormant
• Park Place Technologies Private Limited · 100% held · Singapore 486031 · Third party maintenance provider for IT infrastructure
• Park Place Technologies Brazil LTDA (formerly Unitech Rio Commercio e Servicos LTDA) · 100% held · Rio de Janeiro - RJ, 20931-720, Brazil · Third party maintenance provider for IT infrastructures
• PPT Brazil Holdco LTDA · 100% held · Avenida Marechal Camara 160-SL 1107 · Holding company

Significant events

• “The most significant investments impacting the year-over-year results were the business acquisitions of Unitech Rio Commercio e Servicos LTDA in Q2 2024, Xuper Limited in Q4 2023, and protecIT-Solutions GmbH in Q2 2023.”
• “On March 28, 2025, the group purchased 100% of the share capital of Cumulus Topco Limited for consideration of £70,612,235, and was funded by parent company borrowings. CSI operations are primarily located in the United Kingdom and are similar to those of the group. The purpose of the acquisition was to further expand the group's infrastructure managed services operations. The group has not finalized the allocation of the purchase price to the fair value of net assets acquired.”

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