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Registered number: 09206065










CONSTELLATION SOFTWARE UK HOLDCO LTD










ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
CONSTELLATION SOFTWARE UK HOLDCO LTD
 

COMPANY INFORMATION


Directors
D Boxall 
C Marks 
S McNally 
D Baum 
A Lau 
J Evans 




Registered number
09206065



Registered office
Brook Suite, Ground Floor
Bewley House

Marshfield Road

Chippenham

SN15 1JW




Independent auditors
James Cowper Kreston Audit
Chartered Accountants and Statutory Auditor

2 Communications Road

Greenham Business Park

Newbury

Berkshire

RG19 6AB





 
CONSTELLATION SOFTWARE UK HOLDCO LTD
 

CONTENTS



Page
Strategic report
1
Directors' report
2 - 3
Independent auditors' report
4 - 6
Statement of comprehensive income
7
Balance sheet
8
Statement of changes in equity
9
Notes to the financial statements
10 - 32


 
CONSTELLATION SOFTWARE UK HOLDCO LTD
 

STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023

Principal activities
 
The principal activity of the Company during the period was that of a holding company.

Business review
 
The Company acts as a holding company and therefore has only intercompany revenues relating to investments and interest charged on intercompany balances.
The directors are of the opinion that risks for the Company are low and manageable. The Company has a diversified portfolio of investments associated with a range of sister companies; and each sister company has a diversified pool of clients and products; such that no single customer or product or investment will have a disproportionate impact on results.

Financial risk management objectives and policies
 
The Company makes little use of financial instruments other than an operational bank account and so its exposure to price risk, credit risk, liquidity risk and cash flow risk is not material for the assessment of the assets, liabilities, financial position and profit or loss of the Company.

Financial key performance indicators
 
The Company does not monitor key performance indicators at group level, all subsidiaries of the group will review  their key performance indicators on an individual company basis.


This report was approved by the board and signed on its behalf.



C Marks
Director

Date: 7 August 2024

Page 1

 
CONSTELLATION SOFTWARE UK HOLDCO LTD
 

 
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023

The directors present their report and the financial statements for the year ended 31 December 2023.

Directors

The directors who served during the year were:

D Boxall 
C Marks 
S McNally 
D Baum 
A Lau 
J Evans 

Directors' responsibilities statement

The directors are responsible for preparing the Strategic report, the Directors' report and the financial statements in accordance with applicable law and regulations.
 
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 101 ‘Reduced Disclosure Framework’. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

 In preparing these financial statements, the directors are required to:


select suitable accounting policies and then apply them consistently;

make judgements and accounting estimates that are reasonable and prudent;

state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Results and dividends

The profit for the year, after taxation, amounted to £50,859,881 (2022 - £42,708,591).

An intercompany dividend of £45,000,000 (2022: £52,000,000) was paid during the year.

Future developments

Constellation Software UK Holdco Ltd continues to look for acquisition opportunities in line with its investment strategy being the acquisition and development of businesses.

Engagement with suppliers, customers and others

As a holding company, the Company does not have any suppliers or customers. 

Page 2

 
CONSTELLATION SOFTWARE UK HOLDCO LTD
 

 
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023

Greenhouse gas emissions, energy consumption and energy efficiency action

The Company has not disclosed information in respect of greenhouse gas emissions, energy consumption and energy efficiency action as its energy consumption in the United Kingdom for the year is 40,000kWh or lower.

Disclosure of information to auditors

Each of the persons who are directors at the time when this Directors' report is approved has confirmed that:
 
so far as the director is aware, there is no relevant audit information of which the Company's auditors are unaware, and

the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.

Post balance sheet events

There have been no significant events affecting the Company since the year end.

Auditors

The auditorsJames Cowper Kreston Auditwill be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

This report was approved by the board and signed on its behalf.
 





C Marks
Director

Date: 7 August 2024

Page 3

 
CONSTELLATION SOFTWARE UK HOLDCO LTD
 

 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CONSTELLATION SOFTWARE UK HOLDCO LTD
 

Opinion


We have audited the financial statements of Constellation Software UK Holdco Ltd (the 'Company') for the year ended 31 December 2023, which comprise the Statement of comprehensive income, the Balance sheet, the Statement of changes in equity and the related notes, including a summary of significant accounting policiesThe financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 101 ‘Reduced Disclosure Framework’ (United Kingdom Generally Accepted Accounting Practice).


In our opinion the financial statements:


give a true and fair view of the state of the Company's affairs as at 31 December 2023 and of its profit for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.


Basis for opinion


We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.


Conclusions relating to going concern


In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.


Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.


Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.


Other information


The other information comprises the information included in the Annual Report other than the financial statements and  our Auditors' report thereon.  The directors are responsible for the other information contained within the Annual Report.  Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated.  If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves.  If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.


We have nothing to report in this regard.


Page 4

 
CONSTELLATION SOFTWARE UK HOLDCO LTD
 

 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CONSTELLATION SOFTWARE UK HOLDCO LTD (CONTINUED)


Opinion on other matters prescribed by the Companies Act 2006
 

In our opinion, based on the work undertaken in the course of the audit:


the information given in the Strategic report and the Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic report and the Directors' report have been prepared in accordance with applicable legal requirements.


Matters on which we are required to report by exception
 

In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic report or the Directors' report.


We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:


adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.


Responsibilities of directors
 

As explained more fully in the Directors' responsibilities statement set out on page 2, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.


In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.


Page 5

 
CONSTELLATION SOFTWARE UK HOLDCO LTD
 

 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CONSTELLATION SOFTWARE UK HOLDCO LTD (CONTINUED)


Auditors' responsibilities for the audit of the financial statements
 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.


Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance.
The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. The specific procedures for this engagement that we designed and performed to detect material misstatements in respect of irregularities, including fraud, were as follows:
 
Enquiry of management and those charged with governance around actual and potential litigation and claims;
Enquiry of management and those charged with governance to identify any material instances of non-compliance with laws and regulations;
Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;
Performing audit work to address the risk of irregularities due to management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for evidence.


A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.


Use of our report
 

This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.




Jonathan Baillie BA (Hons) FCCA ACA (Senior Statutory Auditor)
for and on behalf of
James Cowper Kreston Audit
Chartered Accountants and Statutory Auditor
2 Communications Road
Greenham Business Park
Newbury
Berkshire
RG19 6AB

7 August 2024
Page 6

 
CONSTELLATION SOFTWARE UK HOLDCO LTD
 

STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2023

2023
2022
Note
£
£

  

Administrative expenses
  
(206,984)
(1,522,799)

Exceptional administrative expenses
 12 
-
(5,531,270)

Operating loss
 4 
(206,984)
(7,054,069)

Income from fixed assets investments
  
65,190,595
63,012,245

Interest receivable and similar income
 8 
30,259
119,276

Interest payable and similar expenses
 9 
(14,235,753)
(13,368,861)

Profit before tax
  
50,778,117
42,708,591

Tax on profit
 10 
81,764
-

Profit for the financial year
  
50,859,881
42,708,591

There was no other comprehensive income for 2023 (2022:£NIL).

The notes on pages 10 to 32 form part of these financial statements.

Page 7

 
CONSTELLATION SOFTWARE UK HOLDCO LTD
REGISTERED NUMBER: 09206065

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Fixed assets
  

Investments
 21 
348,875,872
325,660,904

  
348,875,872
325,660,904

Current assets
  

Debtors: amounts falling due within one year
 13 
44,586,000
35,621,002

Cash at bank and in hand
 14 
40,147,679
26,594,905

  
84,733,679
62,215,907

Creditors: amounts falling due within one year
 15 
(111,744,147)
(116,962,002)

Net current liabilities
  
 
 
(27,010,468)
 
 
(54,746,095)

Total assets less current liabilities
  
321,865,404
270,914,809

  

Creditors: amounts falling due after more than one year
 16 
(278,095,766)
(233,005,052)

  
43,769,638
37,909,757

  

  

Net assets
  
43,769,638
37,909,757


Capital and reserves
  

Called up share capital 
 17 
36,758,968
36,758,968

Capital redemption reserve
 18 
1,968,811
1,968,811

Other reserves
 18 
1,581,520
1,581,520

Profit and loss account
 18 
3,460,339
(2,399,542)

  
43,769,638
37,909,757


The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




C Marks
Director

Date: 7 August 2024

The notes on pages 10 to 32 form part of these financial statements.

Page 8

 
CONSTELLATION SOFTWARE UK HOLDCO LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023


Called up share capital
Capital redemption reserve
Capital contribution
Profit and loss account
Total equity

£
£
£
£
£

At 1 January 2023
36,758,968
1,968,811
1,581,520
(2,399,542)
37,909,757



Profit for the year
-
-
-
50,859,881
50,859,881

Dividends: Equity capital
-
-
-
(45,000,000)
(45,000,000)


At 31 December 2023
36,758,968
1,968,811
1,581,520
3,460,339
43,769,638


The notes on pages 10 to 32 form part of these financial statements.


STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2022


Called up share capital
Capital redemption reserve
Capital contribution
Profit and loss account
Total equity

£
£
£
£
£

At 1 January 2022
36,758,968
1,968,811
1,581,520
6,891,867
47,201,166



Profit for the year
-
-
-
42,708,591
42,708,591

Dividends: Equity capital
-
-
-
(52,000,000)
(52,000,000)


At 31 December 2022
36,758,968
1,968,811
1,581,520
(2,399,542)
37,909,757


The notes on pages 10 to 32 form part of these financial statements.

Page 9

 
CONSTELLATION SOFTWARE UK HOLDCO LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Constellation Software UK Holdco Limited is a private company limited by shares and incorporated in England and Wales. Its registered head office is Brook Suite, Ground Floor, Bewley House, Marshfield Road, Chippenham, SN15 1JW. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 101 'Reduced Disclosure Framework'  and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 101 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

 
2.2

Financial Reporting Standard 101 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions under FRS 101:
the requirements of IFRS 7 Financial Instruments: Disclosures
the requirements of paragraphs 91-99 of IFRS 13 Fair Value Measurement
the requirements of IAS 7 Statement of Cash Flows
the requirements of paragraph 17 and 18A of IAS 24 Related Party Disclosures
the requirements in IAS 24 Related Party Disclosures to disclose related party transactions entered into between two or more members of a group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member

This information is included in the consolidated financial statements of Constellation Software Inc as at 31 December 2023 and these financial statements may be obtained from https://www.csisoftware .com/.

 
2.3

Exemption from preparing consolidated financial statements

The Company is a parent company that is also a subsidiary included in the consolidated financial statements of a larger group by a parent undertaking established under the law of a state other than the United Kingdom and is therefore exempt from the requirement to prepare consolidated financial statements under section 401 of the Companies Act 2006.

 
2.4

Going concern

The financial statements have been prepared on the going concern basis which assumes that the Company will continue in operational existence for the foreseeable future. The directors have reviewed the working capital requirements of the Company for a period of at least 12 months from the anticipated date of signing the financial statements and are satisfied that the company will be able to meet its liabilities as they fall due, this included a worst case scenario of Nil income.
Further more, the directors have obtained confirmation of ongoing support from it's ultimate parent company which will extend for a period of at least 12 months from the anticipated date of signing the financial statements.

Page 10

 
CONSTELLATION SOFTWARE UK HOLDCO LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.9

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

 
2.10

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 11

 
CONSTELLATION SOFTWARE UK HOLDCO LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Creditors are recognised initially at fair value and subsequently measured at amortised cost using the effective interest method.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Judgements in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the application of accounting policies and reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates.
Estimates and underlying assumptions are reviewed on an ongoing basis. Estimates are based on historical experience and other assumptions that are considered reasonable in the circumstances. The actual amount or values may vary in certain instances from the assumptions and estimates made. Changes will be recorded, with corresponding effect in profit or loss, when, and if, better information is obtained.
Fixed asset investment impairment
Management apply judgement in their assessment of asset impairment. At each reporting date, assets such as fixed asset investments in subsidiaries are evaluated for evidence of impairment and written down where necessary. When assessing impairment of investments, management review if the carrying amount is in excess of the recoverable amount. This involves asssessing the higher of the fair value less costs to sell of the subsidiaries and the value in use. 

Page 12

 
CONSTELLATION SOFTWARE UK HOLDCO LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Operating loss

The operating loss is stated after charging:

2023
2022
£
£

Exchange differences
98,917
1,398,644


5.


Auditors' remuneration

During the year, the Company obtained the following services from the Company's auditors and their associates:


2023
2022
£
£

Fees payable to the Company's auditors and their associates for the audit of the Company's financial statements
18,500
17,600

Fees payable to the Company's auditors and their associates in respect of:

Taxation compliance services
1,850
1,760

All other services
2,900
2,750


6.


Employees

The Company has no employees other than the Directors, who did not receive any remuneration (2022 - £nil)


7.


Income from investments

2023
2022
£
£

Dividends from subsidiaries
65,190,595
63,012,245





8.


Interest receivable

2023
2022
£
£


Interest receivable from group companies
30,259
119,276

Page 13

 
CONSTELLATION SOFTWARE UK HOLDCO LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Interest payable and similar expenses

2023
2022
£
£


Loans from group undertakings
14,235,753
13,368,861

14,235,753
13,368,861


10.


Taxation


2023
2022
£
£



Current tax on profits for the year
(81,764)
-

(81,764)
-

Factors affecting tax charge for the year

The tax assessed for the year is lower than (2022 - lower than) the standard rate of corporation tax in the UK of 23.5% (2022 - 19%). The differences are explained below:

2023
2022
£
£


Profit on ordinary activities before tax
50,778,117
42,708,591


Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 23.5% (2022 - 19%)
11,932,857
8,114,632

Effects of:


Non-taxable income
(15,333,185)
(11,972,326)

Group relief
3,318,564
3,857,694

Total tax charge/(credit) for the year
(81,764)
-


Factors that may affect future tax charges

There were no factors that may affect future tax charges.


11.


Dividends paid

2023
2022
£
£


Intercompany dividends
45,000,000
52,000,000

45,000,000
52,000,000

Page 14

 
CONSTELLATION SOFTWARE UK HOLDCO LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

12.


Exceptional items

2023
2022
£
£


Early repayment charge
-
5,531,270

-
5,531,270

During 2022, the Company incurred an early repayment charge on an inter group loan. 


13.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
44,521,858
35,621,002

Tax recoverable
64,142
-

44,586,000
35,621,002



14.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
40,147,679
26,594,905

40,147,679
26,594,905



15.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
2,400
10,259

Amounts owed to group undertakings
111,719,637
116,820,581

Corporation tax
-
107,042

Accruals and deferred income
22,110
24,120

111,744,147
116,962,002


Page 15

 
CONSTELLATION SOFTWARE UK HOLDCO LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

16.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Amounts owed to group undertakings
278,095,766
233,005,052

278,095,766
233,005,052



17.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



35,252,756 (2022 - 35,252,756) Ordinary shares of £1.00 each
35,252,756
35,252,756
1,506,212 (2022 - 1,506,212) A Ordinary shares of £1.00 each
1,506,212
1,506,212

36,758,968

36,758,968



18.


Reserves

Capital redemption reserve

Includes all current and prior period contributions to the equity capital of a company that were not made in exchange for shares.

Capital contribution reserve

Includes capital contributions received in prior periods. 

Profit and loss account

Includes all current and prior period retained profit and losses.


19.


Related party transactions

As permitted by FRS 101, related party transactions with wholly owned members of Constellation Software Inc have not been disclosed.


20.


Controlling party

The Company's immediate parent company is Constellation Software Canada-UK Holdings Inc, a company incorporated in Canda.
The largest and smallest group in which the resutls are consolidated is that headed by Constellation Software Inc. Constellation Software Inc is also the ultimate controlling party of the Company. The consolidated accounts of Constellation Software Inc are available to the public and may be obtained from www.csisoftware.com/category/stat-filings.

Page 16

 
CONSTELLATION SOFTWARE UK HOLDCO LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

21.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
327,360,025


Additions
23,378,713



At 31 December 2023

350,738,738



Impairment


At 1 January 2023
1,699,121


Charge for the period
163,745



At 31 December 2023

1,862,866



Net book value



At 31 December 2023
348,875,872



At 31 December 2022
325,660,904

Page 17

 
CONSTELLATION SOFTWARE UK HOLDCO LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

Subsidiary undertakings


The following were subsidiary undertakings of the Company:

Name

Registered office

Class of shares

Holding

Atex Media Limited
Hanover House
Ordinary
100%
Atex Software GmbH*
Am Pfahlgraben 4 - 1035415 Pohlheim Germany
Ordinary
100%
Atex Global Media Srl*
Via Benigno Crespi 1920159 Milano Italy
Ordinary
100%
Polopoly AB*
Tulegatan 45 Stockholm 113 53 Sweden
Ordinary
100%
Atex Global Media Sarl*
120 Rue Jean Jaures
9230 Levallois-Perret
Ordinary
100%
Atex Media Command AB*
Tulegatan 45
Stockholm 113 53    
Sweden
Ordinary
  100%
Atex Media Oy*
Tietotie 2  90460 Oulunsalo
Ordinary
  100%
Atex Software Oy*
Tietotie 2  90460 Oulunsalo
Ordinary
  100%
Jaicom AB*
Utmarksvägen 18  SE-442 39 Kungälv
Ordinary
  100%
Atex Pte Limited*
80 Robinson Road #02-00,
Singapore 068898
Ordinary
  100%
Perseus Group Software Ltd.
Abacus House, Acorn Business Park, Ling Road, Poole, Dorset, BH12 4NZ
Ordinary
100%
Ibcos Holdings Limited*
Abacus House, Acorn
Business Park, Tower
Park,Poole, Dorset, BH12 4NZ
Ordinary
  100%
Ibcos Computers Limited*
Abacus House, Acorn
Business Park, Tower
Park,Poole, Dorset, BH12 4NZ
Ordinary
  100%
Clinical Computing UK Limited*
Ip City Centre, 1 Bath
Street, Ipswich, IP2 8SD
Ordinary
  100%
Mediqal Heallth Informatics  Limited*
Unit 8 Abacus House
Acorn Business Park, Ling Road, Poole, Dorset, England, BH12 4NZ
Ordinary
  100%
MOPSsys AB*
Torggatan 10, 891 33  Örnsköldsvik
Ordinary
  100%
Catalyst Computer Systems  Limited*
Granite House, 58
Loughborough Road,
Mountsorrell,
Leicestershire, LE12 7AT
Ordinary
  100%
Selectapension (2013) Limited*
Selectapension House,
Eridge Road,
Crowborough, East
Sussex, England, TN6 2SL
Ordinary
  100%
Page 18

 
CONSTELLATION SOFTWARE UK HOLDCO LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Subsidiary undertakings (continued)


Name

Registered office

Class of shares

Holding

Selectapension Limited*
Selectapension House,
Eridge Road,
Crowborough, East
Sussex, England, TN6 2SL
Ordinary
  100%
TUNE India Private Limited*
19, Floor-2, Plot – 30/34,
Nanik Niwas, Dr D D Sathe Marg, Prarthana Samaj, Girgaon, Mumbai – 400004, Maharashtra,
India
Ordinary
  99%
Commerce Decisions Limited
101b Park Drive, MiltonPark, Abingdon,Oxfordshire, England,OX14 4RY
Ordinary
  100%
Commerce Decisions Canada Incorporated*
1 Antares Drive, Suite 400,Ottawa, Ontario, K2E 8C4,Canada
Ordinary
  100%
Constellation Software Japan Inc
5-15 Kaminoboricho,Naka-ku, Hiroshima-shi,Hiroshima, Japan. 730-0014
Ordinary
  60%
Rescho Incorporated*
5-15 Kaminoboricho,Naka-ku, Hiroshima-shi,Hiroshima, Japan. 730-0014
Ordinary
  60%
Datamine Corporate Limited
Hanover House
Ordinary
  100%
Vela UK Holdco Ltd
Hanover House
Ordinary
  100%
Airport Information Systems Ltd*
42-44 Nottingham Road, Mansfield, England, NG18 1BL
Ordinary
  100%
Monitor Management Control Systems Limited*
1 George Square, Glasgow, United Kingdom, G2 1AL
Ordinary
  100%
Monitor Systems Inc.*
10737 Colewood Ln Dallas, TX 75243 United States of America
Ordinary
  100%
Jonas Computing (UK) Ltd
Gladstone
Ordinary
  100%
Volaris Group UK Holdco Ltd
Rivington House Chorley North Business Park, Drumhead Road, Chorley, Lancashire, England, PR6 7BX
Ordinary
  100%
Halcom d d.
Dunajska cesta 123, 1000 Ljubljana, Slovenia
Ordinary
  100%
Privredno drustvo Halcom a.d.*
Beogradska 39, 11000 Beograd, Serbia
Ordinary
  100%
Halcom Sarajevo d.o.o*
Fra Andjela Zvizdovica 1,71000Sarajevo, Bosnia & Herzegovina
Ordinary
100%
Insite d.o.o*
Savska cesta 32, 10000, Zagreb,Croatia
Ordinary
  100%
Gladstone Limited
Gladstone House
Ordinary
  100%
Gladstone MRM Limited*
Gladstone House
Ordinary
  100%
Gladstone Education Limited*
Stables
Ordinary
  100%
Page 19

 
CONSTELLATION SOFTWARE UK HOLDCO LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Subsidiary undertakings (continued)


Name

Registered office

Class of shares

Holding

Ascerta AS
Vollsveien 2 ALYSAKER 1366 Norge
Ordinary
  100%
Novatech AS*
P.O. Box 6852, 4079 Stavanger, Norway
Ordinary
  100%
Vela Technologies India LLP*
Global Technology Park,
2nd Floor, Block C, Outer
Ring Road,
Devarabeesanahalli,
Bellandur, Bangalore,
560103
Ordinary
  100%
K2 Medical Systems Holdings Limited
101b Park Drive, Milton Park, Abingdon, Oxfordshire, England, OX14 4RY
Ordinary
  100%
K2 Medical Systems Limited*
101b Park Drive, Milton Park, Abingdon, Oxfordshire, England, OX14 4RY
Ordinary
 100%
K2 Medical Systems Inc.*
105 Sanford Street,
Hamden, CT, 06514, USA
Ordinary
  100%
Genial Genetic Solutions Limited*
Unit 62 Coworkz Business Centre, Minerva Avenue, Off Sovereign Way, Chester, Flintshire, Wales, CH1 4QL
Ordinary
  100%
Genial Compliance Systems Ltd*
Unit 62 Coworkz Business Centre, Minerva Avenue, Off Sovereign Way, Chester, Flintshire, Wales, CH1 4QL
Ordinary
  100%
Onefile Ltd
6th Floor, Corner Block, Quay Street, Manchester, England, M3 3HN
Ordinary
100%
Figtree Systems Europe Limited
67-169 Great Portland Street, London, England, W1W 5PF
Ordinary
100%
Rialtas Business Solutions Limited
Unit 5 Uffcott Enterprise Park, Uffcott, Swindon, Wiltshire, SN4 9NB
Ordinary
  100%
XN Leisure Systems Limited*
101 Park Drive, Milton, Abingdon, Oxfordshire, England, OX14 4RY
Ordinary
  100%
Fitronics Limited*
Gladstone House
Ordinary
  100%
Webcreative UK Limited*
Gladstone House
Ordinary
  100%
AMI Education Solutions Limited*
Gladstone House
Ordinary
  100%
Tucasi Limited*
Stables
Ordinary
  100%
London & Zurich Limited*
Gladstone House
Ordinary
  100%
London & Zurich Finance Limited*
Gladstone House
Ordinary
  100%
Paygate Solutions Limited*
Gladstone House
Ordinary
  100%
Metalogic Holdings Limited*
Gladstone House
Ordinary
  100%
Page 20

 
CONSTELLATION SOFTWARE UK HOLDCO LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Subsidiary undertakings (continued)


Name

Registered office

Class of shares

Holding

Jonas Metals Software Limited*
Gladstone House
Ordinary
  100%
Cash Registers (Buccleuch) Limited*
32 Dryden Road, Units 1-9, Loanhead, Bilston Glen, EH20 9LZ
Ordinary
  100%
CRB Solutions Limited*
116 The Stray, South Cave, Brough, East Yorkshire, England, HU15 2AL
Ordinary
  100%
EZ-Runner systems Limited*
Gladstone House
Ordinary
  100%
Green 4 Solutions Limited*
Stables
Ordinary
  100%
4Sight Sport & Leisure Ltd*
Gladstone House
Ordinary
100%
Paygate Payments Solutions Limited*
PO BOX 321 Royal Bank Place, 1 Glategny Esplanade, St Peter Port, Guernsey, GY1 4ND
Ordinary
  100%
Uniware Systems Limited*
Stables
Ordinary
100%
Vesta Merchant services Limited*
Stables
Ordinary
  100%
Power2SMS Limited*
Gladstone House
Ordinary
100%
PCI Systems Limited*
Gladstone House
Ordinary
100%
Solan Software Solutions Limited*
Gladstone House
Ordinary
100%
Cunningham Cash Registers Limited*
Headley Technology Park, Middle LaneWythall,Birmingham Warwickshire, B38 0DS
Ordinary
100%
Jonas Event Technology Limited*
Stables
Ordinary
  100%
Show Data Systems Limited*
Stables
Ordinary
  100%
Interchange Communications Limited*
Gladstone House
Ordinary
  100%
FashionMaster Limited*
Stables
Ordinary
100%
Invicta Business Machines Limited*
Stables
Ordinary
  100%
Vesta Software Group Limited*
Stables
Ordinary
  100%
Blayhall Marine Limited*
Gladstone House
Ordinary
  100%
Havenstar MMS Limited*
Gladstone House
Ordinary
  100%
Havenstar Software Solutions Limited*
Gladstone
Ordinary
  100%
Star Marina Solutions LLC*
Dormant company registered in Delaware, USA
Ordinary
100%
Minted Box Education Limited*
Wessex House, Upper Market Street, Eastleigh, Hampshire, England, SO50 9FD
Ordinary
100%
Greycon Limited*
Stable
Ordinary
100%
Greycon Software SA*
Javier de Viana 2384, Montevideo, Uruguay, CP11200
Ordinary
100%
Greycon Software Support and Development M.E.P.E*
Karneadou 15, Kolonaki, Athens,10675
Ordinary
 100%
Shandong Greycon Software Technology Limited*
Suite 905, Financial CenterB, EastSheng Cheng Road, ShouguangCity, Shandong, 262700
Ordinary
100%
Jonas Lifestyle Limited*
Gladstone House
Ordinary
100%
Halo Leisure Enterprises Limited*
Gladstone House
Ordinary
100%
Page 21

 
CONSTELLATION SOFTWARE UK HOLDCO LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Subsidiary undertakings (continued)


Name

Registered office

Class of shares

Holding

Godans S.A.*
ul. Poznanska 13805-850 OzarówMazowiecki
Ordinary
100%
Qwantec Ingeneiria Limitada*
Latadia 5292, 7580494 Las Condes,Región Metropolitana, Chile
Ordinary
100%
Qwantec Peru SAC*
Av. Rivera Navarrete 765, Lima 15046, Peru
Ordinary
 100%
Transportes QTC Limitada*
7510349 Providencia, Santiago Metropolitan Region, Chile
Ordinary
100%
Motion Software Limited*
32 Dryden Road, Unit 1-9, Loanhead, Bliston Glen, Scotland, EH20 9LZ
Ordinary
  100%
Retail & Sports Systems Limited*
Stables
Ordinary
  100%
Contronics (Holdings) Limited*
Stables
Ordinary
  100%
Contronics Limited*
Stables
Ordinary
  100%
Fordman Systems Limited*
CW12 4TU, Fordman Systems Ltd C/O Contronics Ltd, Congleton, Congleton, Cheshire, United Kingdom, CW12 4TU
Ordinary
  100%
Bluestar Software Limited*
Fair Cross Offices, Stratfield Saye, Reading, England, RG7 2BT
Ordinary
  100%
Corporate Software and Asset Management Limited*
Pavillion 3 Grandholm Drive, Bridge Of Don, Aberdeen, Scotland, AB22 8AE
Ordinary
  100%
WM-DATA Deutschland GmbH*
WM-data Deutschland GmbH, Prinzenallee 7, 40549 Dusseldorf
Ordinary
  100%
GXC S.A.*
Avenida Italia 6201, Edificio Los Pinos P1, Montevideo, Uruguay
Ordinary
  100%
Datalogic Ingenieros S.R.L.*
Canelones 1840, Montevideo, Uruguay
Ordinary
100%
Magalink S.A.*
Avenida Italia 6201, Edificio Los Pinos P1, Montevideo, Uruguay
Ordinary
100%
AMT Group Limited*
47 Buckingham Rd Buckingham Road, Rowley Regis, England, B65 9JW
Ordinary
 100%
AMT-Sybex (Software) Limited*
Oak House, Leopardstown Office Park, Burton Hall Avenue, Sandyford Ind Est, Sandyford, Dublin, D18 HX68, Ireland
Ordinary
100%
Marrakech Limited*
16 Elder Close, Portslade, Brighton, England, BN41 2ER
Ordinary
  100%
AMT-Sybex Limited*
Gladstone House
Ordinary
 100%
Page 22

 
CONSTELLATION SOFTWARE UK HOLDCO LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Subsidiary undertakings (continued)


Name

Registered office

Class of shares

Holding

Marrakech (U.K.) Limited*
Gladstone House
Ordinary
100%
RBRO Solutions-UK Limited*
Gladstone House
Ordinary
100%
The Hessel Group Limited*
Unit 5 Spring Gardens, Park Lane, Crowborough, East Sussex, England, TN6 2QN
Ordinary
100%
Infoscience (Software) Limited*
Innovation House, Ballybrit Business Park, Ballybrit Galway., Co. Galway, Galway
Ordinary
100%
Seiki Systems Limited*
Gladstone House
Ordinary
100%
Hellenic Systems Holdings Limtied
Stables
Ordinary
 100%
Hellenic Systems Ltd*
Stables
Ordinary
100%
MCR Systems Limited*
Stables
Ordinary
 100%
Wolfech S.A.*
Rincón 487 Of. 403, Montevideo, Uruguay
Ordinary
  100%
Zabaleta Asociados S.R.L*
Dr. Héctor Miranda 2361 of. 701, Montevideo, Uruguay
Ordinary
 100%
Somarey S.A.*
6 DE ABRIL 419, Salto, Uruguay
Ordinary
100%
Nodum Software S.R.L.*
 Av Tomas Giribaldi 2222, Montevideo, Uuruguay
Ordinary
100%
Nodum S.A.*
 Av Tomas Giribaldi 2222, Montevideo, Uuruguay
Ordinary
 100%
ASC Automotive Solutions Center Schweiz AG*
Auerstrasse 31,
Heerbrugge, Switzerland
Ordinary
  100%
ASC Automotive Solutions Center AG*
Wolf-Hirth-Strasse 10,
Boblingen
Ordinary
  100%
Across Systems GmbH*
Im Stoeckmaedle 13,
Karlsbad, Germany
Ordinary
  100%
Across Systems.RU LLC*
Pisareva str. 102/1,
Novosibirsk, Russia
Ordinary
  100%
Care Software AG*
Auerstrasse 31,
Heerbrugge, Switzerland
Ordinary
  100%
Fmade GmbH*
Industriezeile 56a, 4020 Linz, Austria
Ordinary
  100%
Nathan Grace Holdings Limited*
The Old School House, Chapel Street, Belper, Derbyshire, DE56 1AR
Ordinary
  100%
Chevin Computer Systems Limited*
The Old School House, Chapel Street, Belper, Derbyshire, DE56 1AR
Ordinary
  100%
Chevin Fleet Solutions LLC*
347 Lunenburg St, Fitchburg, MA
Ordinary
  100%
Chevin Fleet Solutions Pty Ltd*
Suite 1.02, Level 1, 303 Coronation Drive, QLD 4064, Milton, Australia
Ordinary
  100%
Chevin Fleet Solutions BV*
Elisabethlaan 2, 2600 Antwerpen
Ordinary
  100%
Page 23

 
CONSTELLATION SOFTWARE UK HOLDCO LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Subsidiary undertakings (continued)


Name

Registered office

Class of shares

Holding

Chevin Sarl*
27 Avenue Du Savoy, 74400 Chamonix-Mont Blanc, France
Ordinary
  100%
Cultura Technologies Ltd*
Rivington House, Chorley North Business Park,, Drumhead Road,, Chorley, Lancashire, England, PR6 7BX
Ordinary
100%
Cultura Technologies Deutschland GmbH*
Raiffeisenstrasse 13, Pleidelsheim, Germany
Ordinary
  100%
Software Company AMIC GmbH*
Kaistrasse 101, Kiel,Germany
Ordinary
  100%
Wellington Computer Systems Limited*
20 Adelaide Street, Belfast, Northern Ireland, BT2 8GD
Ordinary
  100%
Worldwide Chain Stores Holdings Limited*
Suite G7, Three Riverside Way, Watchmoor Park, Camberley, Surrey, England, GU15 3YL
Ordinary
  100%
Worldwide Chain Stores Limited*
Suite G7, Three Riverside Way, Watchmoor Park, Camberley, Surrey, England, GU15 3YL
Ordinary
  100%
DRAMS Software Limited*
1 Berry Street, Aberdeen, Scotland, AB25 1HF
Ordinary
  100%
Gaina Limited*
Custom House, Custom House Square, Belfast, Northern Ireland, BT1 3ET
Ordinary
  100%
Core Tech Software Limited*
4 Queen Street, Edinburgh, United Kingdom, EH2 1JE
Ordinary
  100%
Wynne Systems (UK) Limited*
Brook Suite, Ground Floor, Bewley House, Marshfield Road, Chippenham, England, SN15 1JW
Ordinary
  100%
Furlong Business Solutions Limited*
Unit 23 Focus 303 Business Centre, Focus Way, Andover, England, SP10 5NY
Ordinary
  100%
Kinetic Solutions Limited*
249 Silbury Boulevard, Milton Keynes, England, MK9 1NA
Ordinary
  100%
Artifax Group Limited*
5th Floor 167-169 Great Portland Street, London, England, W1W 5PF
Ordinary
  100%
Artifax Software Limited*
5th Floor 167-169 Great Portland Street, London, England, W1W 5PF
Ordinary
  100%
Page 24

 
CONSTELLATION SOFTWARE UK HOLDCO LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Subsidiary undertakings (continued)


Name

Registered office

Class of shares

Holding

Artifax Limited*
5th Floor 167-169 Great Portland Street, London, England, W1W 5PF
Ordinary
  100%
Grosvenor systems Limited*
Unit A, 7 Leathermarket Street, London, SE1 3FB
Ordinary
  100%
IndiCater Limited*
40 Caversham Road, Reading, Berkshire, England, RG1 7EB
Ordinary
  100%
WiFiSpark Limited*
5 Cranmere Court Lustleigh Close, Matford Business Park, Exeter, EX2 8PW
Ordinary
 100%
GoAssetWorks Limited*
5th Floor 10 Finsbury Square, London, England, EC2A 1AF
Ordinary
 100%
Hospedia Limited*
5 Cranmere Court Lustleigh Close, Matford Business Park, Exeter, Devon, EX2 8PW
Ordinary
100%
Sunrise Software Limited*
167-169 Great Portland Street, London, England, W1W 5PF
Ordinary
  100%
Technology Blueprint Limited*
Salisbury House, Station Road, Cambridge, Cambridgeshire, England, CB1 2LA
Ordinary
  100%
Checkdocs Ltd*
Salisbury House, Station Road, Cambridge, Cambridgeshire, England, CB1 2LA
Ordinary
 100%
Tech Blue Software Private Limited*
1st Floor, AIHP Horizon, 445, UdyogVihar Phase V, Sector 19, Gurugram, Haryana 122016, India
Ordinary
  100%
Corbett Engineering Limited*
Suite 6 The Gardens Coleshill Manor Office Campus, South Drive, Coleshill, England, B46 1DL
Ordinary
  100%
Vision Group B.V.*
Louizalaan 65/11,1050 Elsene
Ordinary
  100%
Routevision Services B.V.*
Marten Meesweg 10, 3068 AV, Rotterdam
Ordinary
  100%
Routevision Nederland B.V.*
Marten Meesweg 10, 3068 AV, Rotterdam
Ordinary
  100%
Route-vision Belgium B.V.*
142 Lange Lozanastraat Antwerp 2018
Ordinary
 100%
HGEM Ltd*
Kings Court, Parsonage Lane, Bath, BA1 1ER
Ordinary
  100%
The Mystery Dining Company Ltd*
2nd Floor, Kings Court Parsonage Lane, Bath, Avon, BA1 1ER
Ordinary
  100%
Page 25

 
CONSTELLATION SOFTWARE UK HOLDCO LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Subsidiary undertakings (continued)


Name

Registered office

Class of shares

Holding

DisplayNote Technologies Limited*
Concourse 2, Floor 2 Queens Road, Belfast, Northern Ireland, BT3 9DT
Ordinary
  100%
DisplayNote Technologies SLU*
Calle Central, 10 - 1st Floor A, Murcia, 30100, Murcia
Ordinary
  100%
Motiondata Vector Software GmbH*
Feldkirchner Strasse 11-
15, Seiersberg, Austria
Ordinary
  100%
Imperial Business Systems Limited*
Century House, 1 The Lakes, Northampton, England, NN4 7HD
Ordinary
  100%
Motiondata Vector Schweiz GmbH*
Auerstrasse 31,
Heerbrugge, Switzerland
Ordinary
  100%
Motiondata Vector Deutschland GmbH*
Brünnsteinstrasse 18, BadAibling,Germany
Ordinary
100%
MD mobilAPP Software GmbH*
Ernst-Melchior-Gasse 20, Wien,Austria
Ordinary
100%
Lightbulb analytics Limited*
Egale 1 80 St Albans Road, Watford,Hertfordshire, United
Kingdom, WD17 1DL
Ordinary
100%
Company Watch Investments Limited*
Centurion House, 37 Jewry Street, London, England, EC3N 2ER
Ordinary
100%
Company Watch Limited*
Irongate House Floor 5, 30 Dukes Place, London, England, EC3A 7LP
Ordinary
100%
Alemba Topco Limited*
Brooke Suite Ground Floor Bewley House, Marshfield Road, Chippenham, England, SN15 1JW
Ordinary
100%
Alemba Limited*
Brooke Suite Ground Floor Bewley House, Marshfield Road, Chippenham, England, SN15 1JW
Ordinary
100%
Alemba Pty Ltd*
223 Liverpool St Darlinghurst, NEWSOUTH WALES, 2010 Australia
Ordinary
  100%
Alemba NZ Limited*
Level 1, 6 Johnsonville Road, Johnsonville, Wellington 6037 NZ
Ordinary
 100%
EASA Software Limited*
Office 6, Bullingdon House, 174b Cowley Road, Oxford, OX4 1UE
Ordinary
100%
NitroSell Limited*
Unit 325, Spaces, 1
Horgans Quay, Cork,
Ireland
Ordinary
 100%
Volaris Group Canada Holdings Inc*
20 Adelaide St E Unit 1200 Toronto,ON, M5C 2T6 Canada
Ordinary
100%
Page 26

 
CONSTELLATION SOFTWARE UK HOLDCO LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Subsidiary undertakings (continued)


Name

Registered office

Class of shares

Holding

SSP Midco 2 Limited*
Bowling Mill
Ordinary
100%
SSP Midco 1 Limited*
Bowling Mill
Ordinary
100%
SSP Bidco Limited*
Bowling Mill
Ordinary
 100%
SSP Holdings Limited*
Bowling Mill
Ordinary
100%
SSP Limited*
Bowling Mill
Ordinary
100%
Software Solutions Partners Africa (Proprietary) Limited*
Sandown Mews Ground Floor West Building 88 Stella Road Sandton Johannesburg 2196
Ordinary
100%
SSP (New Zealand) Limited*
Level 6 205 Queen Street Auckland
Ordinary
  100%
Keychoice Underwriting Limited*
Bowling Mill
Ordinary
100%
SSP (India) Private Limited*
4th Floor, Block A2, DLF World TechPark, DLF IT SEZ Silokhera, Sector-30, Gurugram, Haryana, 122002
Ordinary
100%
Holdgrove Limited*
Bowling Mill
Ordinary
100%
SSP Asia Pacific Pty Limited*
18A South Tower, 485 La Trobe StreetMelbourne VIC 3000
Ordinary
 100%
Sectornet Limited*
Fourth Floor D Mill, Dean Clough,Halifax, United Kingdom, HX3 5AX
Ordinary
100%
SSP (Africa) Holdings (proprietary) Limited*
Sandown Mews Ground Floor West Building 88 Stella Road Sandton Johannesburg 2196
Ordinary
 100%
Policy Master Group Limited*
Bowling Mill
Ordinary
100%
Key Choice Insurance Marketing Limited*
Bowling Mill
Ordinary
100%
Loop Portal UK Limited*
Bowling Mill
Ordinary
100%
SSP Sirius Solutions Limited*
Bowling Mill
Ordinary
100%
SSP Sirius Limited*
Bowling Mill
Ordinary
  100%
Sirius Financial Systems Group Limited*
Fourth Floor D Mill, Dean
Clough, Halifax, United Kingdom, HX35AX
Ordinary
  100%
Mediquote Health Solutions Limited*
Bowling Mill
Ordinary
  100%
Datamine International Limited*
Hanover House
Ordinary
  100%
Datamine Africa (Pty) Ltd*
27 Fricker Road, Illovo
Boulevard, Illovo, 2196
Ordinary
100%
Harris Computer Germany GmbH*
Konrad-Zuse-Str. 1, D-18184Roggentin, Rostock,Germany
Ordinary
100%
Vela Software Germany GmbH*
A registered seat in
Munich, registered with the commercial register of the local court of Munich under company number HRB 242315,Germany
Ordinary
100%
Database Systems LLP*
101 al-Farabi Avenue,
app.3, Almaty City RoK
Ordinary
100%
Page 27

 
CONSTELLATION SOFTWARE UK HOLDCO LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Subsidiary undertakings (continued)


Name

Registered office

Class of shares

Holding

GeoMineSoft LLP*
9 Ilbragimov Street,
Special Economic Zone
"Park of Innovative
Technologies", 2nd Floor, Block-A,Office 205a, Almaty city, Rok
Ordinary
100%
Genias Verwaltungs GmbH*
Kreuzbergring 50, 92421
Schwandorf Germany
Ordinary
100%
Genias Graphics GmbH & Co. KG*
Gutenbergstrasse 19,
93128 Regenstauf,
Germany
Ordinary
100%
Datamine Software Limited*
Hanover House
Ordinary
100%
Datamine Brasil Solucoes em Technologia Ltda*
Avenida Barao Homem de Melo 4391 -11th Floor - Belo Horizonte/MG - ZIPCode: 30494-275
Ordinary
100%
Sodep Sistemas Ltda*
Rua João Antônio Cardoso, 99 | Ouro Preto | BH-MG |Brasil
Ordinary
100%
Nexa CS Informatica S.A.*
R. México, 41 - 20º andar - Centro, Rio de Janeiro - RJ, 20031 -144, Brazil
Ordinary
100%
Datamine Ecuatotiana Cia. Ltda*
Av, De los Shyris N35-71 y Suecia,Edif. Argentum, Of.1402, Quito ,Equador
Ordinary
100%
Datamine Chile S.A.*
Av. Suecia 0155 Oficina
902, Piso 9 Providencia
Santiago 751-0038, Chile
Ordinary
100%
Iconexa SpA*
Cno. La Cumbre 4177
Dptro 326PS 3 Ed. 2
Ordinary
100%
CAE Datamine Peru S.A.*
Av. Manuel Olguin, 335
Oficina, 503 Torre Link
Tower Surco, Lima, Peru
Ordinary
  100%
PT Datamine Software Indonesia*
UGM Tower B, 5th Floor
JI. Dr. Saharjo No.83,
RW.8, Manggarai, Kec.
Tebet, Kota Jakarta
Selatan, Daerah Khusus
Ibukota Jakarta 12850
Ordinary
  100%
Tanygraig Limited*
Unit 5 Swan Business Park, Sandpit Road, Dartford, Kent, England, DA1 5ED
Ordinary
  100%
Interica Limited*
Unit 5 Swan Business Park, Sandpit Road, Dartford, Kent, England, DA1 5ED
Ordinary
  100%
InfoAsset Limited*
Unit 5 Swan Business Park, Sandpit Road, Dartford, Kent, England, DA1 5ED
Ordinary
100%
Page 28

 
CONSTELLATION SOFTWARE UK HOLDCO LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Subsidiary undertakings (continued)


Name

Registered office

Class of shares

Holding

Searoc Group Limited*
Unit 46 Chichester Enterprise Centre, Terminus Road, Chichester, England, PO19 8FY
Ordinary
  100%
Seaplanner Limited*
Unit 46 Chichester Enterprise Centre, Terminus Road, Chichester, England, PO19 8FY
Ordinary
100%
Searoc Ltd*
Unit 46 Chichester Enterprise Centre, Terminus Road, Chichester, England, PO19 8FY
Ordinary
100%
Jumpstart Holdings (Pty) Ltd*
U 5 688 Bourke Streetredfern, New South Wales, 2016 Australia
Ordinary
100%
Jumpstart Interactive Intelligence (Pty) Ltd*
Fancourt Office Park - Building 15. Northumberland RoadNorthriding, 2169
Ordinary
100%
Jumpstart Communications (Pty) Ltd*
3-25 Claremont St, South Yarra,Victoria, 3141, Australia
Ordinary
100%
Infomill (Holdco) Ltd*
Hanover House
Ordinary
100%
Infomill Limited*
Hanover House
Ordinary
100%
Infomill Trustees Limited*
Pentagon House, Sir Frank Whittle Road, Derby, DE21 4XA
Ordinary
100%
Partsarena.Com Limited*
Pentagon House, Sir Frank Whittle Road, Derby, DE21 4XA
Ordinary
100%
Finglow Limited
5th Floor 10 Finsbury Square, London, United Kingdom, EC2A 1AF
Ordinary
  100%
IN2 d.o.o.
Josipa Marohnica1/1,10000Zagreb,Croatia
Ordinary
100%
Finglow Research Limited
5th Floor 10 Finsbury Square, London, United Kingdom, EC2A 1AF
Ordinary
  100%
QuickSilva Limited
Brook Suite Bewley House, Marshfield Road, Chippenham, England, SN15 1JW
Ordinary
  100%
JBEX Consulting Ltd*
6th Floor, Eagle Tower, Montpellier Drive, Cheltenham, England, GL50 1TA
Ordinary
  100%
CrescentOne Software Limited*
960 Capability Green, Luton, Bedfordshire, LU1 3PE
Ordinary
  100%
Page 29

 
CONSTELLATION SOFTWARE UK HOLDCO LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Subsidiary undertakings (continued)


Name

Registered office

Class of shares

Holding

Realis Simulation Limited*
Shoreham Technical Centre,, Old Shoreham Rd, Shoreham-By-Sea, West Sussex, United Kingdom, BN43 5FG
Ordinary
  100%
Vela Software Spain S.L.U
Calle Gremi De Fusters 33,07009 Palma, IllesBalears, Spain
Ordinary
  100%
Vela Software Limited
6th Floor, Eagle Tower, Montpellier Drive, Cheltenham, England, GL50 1TA
Ordinary
  100%
IGEA d.o.o*
Frana Supila 7/B, 42000 Varaždin, Croatia
Ordinary
  100%
IN2 d.o.o. Sarajevo*
Tešanjska 24a, AvazTwist Tower, 8.kat,71000 Sarajevo, Bosnia and Hercegovina
Ordinary
  100%
IN2 informaticki injženjering d.o.o. Beograd*
Tošin Bunar 274V,11070 Beograd,Serbia
Ordinary
100%
IN2 Skopje Ltd*
Bul. Kuzman Josifovski Pitu, no.15,Neocom, 5floor, 1000 Skopje, North Macedonia
Ordinary
100%
MCS Grupa d.o.o.*
Zagreba?ka cesta 126,10000 Zagreb,Croat
Ordinary
100%
Libusoft CICOM d.o.o.*
Remetinecka cesta 7a(Kajzerica)10020 Zagreb
Ordinary
100%
Pardus d.o.o.*
Josipa Marohnica 1/1,10000 Zagreb, Croatia
Ordinary
100%
Juniper Consulting S.L.*
Calle Gremi de Fusters(pol. sonCastello), 33 -PISO 3º. OFICINA302,Palma, 07009 , Baleares
Ordinary
100%
I.S.T. Servicios Informaticos S.L.*
Paseo Castellana, 153 - BJ, Madrid, 28046, Madrid
Ordinary
100%
Juniper S.A.S*
Carrera 100, nº5-169; office 712A
Ordinary
  100%
Tensibur S.A.*
Pasaje Paseo de las
carretas 2580, Piso 10,
Montevideo, Uruguay
Ordinary
100%
SVAM PLUS d.o.o.*
F. Tenchinija 2a, 10000 Zagreb, Croatia
Ordinary
100%
Avalon Informatica y Servicios S.L.*
Ronda del Carralero, 4 Poligono Empresarial "ElCarralero", Majadahonda, Madrid
Ordinary
100%
Avalon Informatica y Servicios S.A. de C.V.*
Calle Lago Alberto, 375 Piso 10-101,Miguel Hidalgo, Ciudad de Mexico
Ordinary
100%
Page 30

 
CONSTELLATION SOFTWARE UK HOLDCO LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Subsidiary undertakings (continued)


Name

Registered office

Class of shares

Holding

MicrOasis S.L.*
Av. Madrid, 73, Puerta 12- 36214 Vigo, Pontevedra
Ordinary
100%
Icorp S.A.*
Pasaje Paseo de las
carretas 2580, Piso 10,
Montevideo, Uruguay
Ordinary
100%
Tecmedia S.A.*
Tecmedica S A, 0253257, Chile
Ordinary
100%
Avis SpA*
Tecmedica S A, 0253257, Chile
Ordinary
100%
Asesorias Computacionales NeoSoft SpA*
Andres bello 2233, of 1601,providencia Santiago Chile
Ordinary
100%
Financial Systems Company Chile SA*
FSCCH - AVENIDA AMERICO VESPUCIO NORTE 1090 OFICINA 1201, VITACURA, Santiago de chile, chile
Ordinary
  100%
Sociedad de Ingenieria en Informatica Rayen Salud SpA*
Merced 480, 2nd floor, Santiago, Chile
Ordinary
100%
Roibos Technologies, S.L*
Gremi Fusters, número 33, suite 325 (07009) Palma de Mallorca, Illes Balears Spain
Ordinary
100%
Financial Services Company SAS*
Av Pradilla 900 Este, Centro Empresarial Centro Chía, Oficina 301, Chía, Cundinamarca Bogotá, Colombia'
Ordinary
100%
Financial Systems Company Peru S.A.C.*
AV. DEL PINAR 180, URB. CHACARILLA DEL ESTANQUE, SANTIAGO DE SURCO, LIMA, Peru
Ordinary
 100%
Ragrab Computing India Private Limited*
Sindur Pantheon Plaza, No.346, Pantheon Road, Egmore, Chennai, Chennai TN 600008 IN
Ordinary
 100%
ITS Computing Limited*
205 Airport Road West, Belfast, BT3 9ED
Ordinary
 100%
First Apex Insurance Systems Co Ltd*
Egmore, Chennai – 600 008
Ordinary
  100%
Maron Systems Limited*
Kestrel Way Kestrel Way, Gorseinon, Swansea, Wales, SA4 9WN
Ordinary
100%
Euanthes Holdings Limited*
Kestrel Way Kestrel Way, Gorseinon, Swansea, Wales, SA4 9WN
Ordinary
100%
Vela APAC UK Holdco Ltd*
Brook Suite, Ground Floor,Bewley House, Marshfield Road, Chippenham, SN15 1JW
Ordinary
100%
Page 31

 
CONSTELLATION SOFTWARE UK HOLDCO LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Subsidiary undertakings (continued)


Name

Registered office

Class of shares

Holding

Island Pacific (UK) Limited*
Suite 18c Start Hill, Bishop's Stortford, England, CM22 7WE
Ordinary
100%
Intelligent Retail (UK) Limited*
Consort House, 42 Bone Lane, Newbury, Berkshire, RG14 5SD
Ordinary
  100%
FOG UK Holdco Ltd*
Brook Suite, Ground Floor, Bewley House, Marshfield Road, Chippenham, England, SN15 1JW
Ordinary
  100%

All group companies have principal activities within the software industry. 
*- Indirect Subsidiary
Where the registered address states "Gladstone House" the registered address is Gladstone House, Hithercroft Road, Wallingford, England, OX10 9BT
Where the registered address states "Hanover House" the registered address is Hanover House, Queen Charlotte Street, Bristol, England, BS1 4EX
Where the registered address states "Stables" the registered address is Stables 1 Howbery Park, Wallingford, Oxon, England, OX10 8BA
Where the registered address states "Bowling Mill" the registered address is 3rd Floor West, Bowling Mill, Dean Clough Mills, Halifax, England, HX3 5AX

Page 32