Whitechurch Securities Limited
Registered name: WHITECHURCH SECURITIES LIMITED
Part of Al Investment Management Holdings Limited groupWhitechurch Securities Limited made £4.2m revenue and a £35.5k loss in the year to 29 Feb 2024. read from filing text
Whitechurch Securities Limited’s revenue fell 10% to £4.2m in the year to 29 Feb 2024, with a loss of £35.5k and 36 employees. The company is classified under “financial intermediation not elsewhere classified” and is based in Bristol; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Bristol, South West
- Age
- 45 yrs · since 1981
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently. From the filing: “During the year to 29 February 2024, the Company is a wholly owed subsidiary of Independent Investment Analysis Limited, a company incorporated in England and Wales. Group accounts may be obtained fro”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 28 Feb 2022 | 28 Feb 2023 | 29 Feb 2024 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&Lread from filing text |
| Profit & loss | |||
| Revenue (turnover) | £5.2m | £4.6m | £4.2m |
| Cost of sales | £1.3m | £1.1m | £962k |
| Gross profit | £3.9m | £3.5m | £3.2m |
| Operating profit | £520k | £116k | −£16k |
| Profit before tax | £530k | £117k | −£10.9k |
| Profit after tax | £427k | £95.1k | −£35.5k |
| Profit (best available) | £427k | £95.1k | −£35.5k |
| Staff costs | £1.9m | £1.8m | £1.7m |
| Employees (average) | 38 | 38 | 36 |
| Ratios | |||
| Profit margin | 8.2% | 2.1% | −0.9% |
| Gross margin | 74.3% | 75.6% | 77% |
| Revenue per employee | £137k | £122k | £116k |
| Profit per employee | £11.2k | £2.5k | −£986 |
| Growth (year on year) | |||
| Revenue growth | — | ▼10.8% | ▼10% |
| Profit growth | — | ▼77.7% | ▼137.3% |
| Headcount growth | — | 0% | ▼5.3% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £760k | £617k | £488k |
| Net assets | £1m | £940k | £880k |
| Fixed assets | £40.6k | £23.3k | £12.9k |
| Current assets | £1.5m | £1.3m | £1.2m |
| Debtors | £207k | £50.8k | £59.5k |
| Deferred income | £270k | £160k | £145k |
| Source | Accounts · bulk data Nov 2023 | Accounts · bulk data Nov 2023 | FullAccounts · bulk data Nov 2024 |
How the business works
- Profit margin
- −0.9%
- Profit ÷ revenue.
- Gross margin
- 77%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £116k
- Revenue ÷ average employees.
- Profit per employee
- −£986
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 0.3%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 3.5%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 1.4%
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- ▼6%
- Now £880k
- Cash at bank
- ▼21%
- Now £488k
- Headcount
- ▼5%
- Now 36
- Deferred income
- ▼10%
- Now £145k
- Fixed assets
- ▼44%
- Now £12.9k
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Al Investment Management Holdings Limitedultimate parent75–100%
- Whitechurch Securities Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Whitechurch (Nominees) LimitedFigures not disclosed
Sister companies (1)
- Ascot Lloyd Investment Management LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 29 Feb 2024 (profit −£35.5k), from the Companies House accounts bulk data published Nov 2024. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.