Tutman Fund Solutions Limited
Registered name: TUTMAN FUND SOLUTIONS LIMITED
Tutman Fund Solutions Limited made £41.6m revenue and £1.2m profit in the year to 31 Dec 2023.
Tutman Fund Solutions Limited’s revenue fell 12% to £41.6m in the year to 31 Dec 2023, with £1.2m profit and 0 employees. The company is classified under “fund management activities” and is based in Chichester; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Chichester, South East
- Age
- 41 yrs · since 1985
- 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: “Evelyn Partners Professional Services Group Limited”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £47.2m | £41.6m |
| Cost of sales | £38.1m | £32.5m |
| Gross profit | £9.1m | £9.1m |
| Operating profit | £1.2m | £1.2m |
| Profit before tax | £1.3m | £1.5m |
| Profit after tax | £1m | £1.2m |
| Profit (best available) | £1m | £1.2m |
| Employees (average) | 0 | 0 |
| Ratios | ||
| Profit margin | 2.1% | 2.8% |
| Gross margin | 19.3% | 21.9% |
| Growth (year on year) | ||
| Revenue growth | — | ▼11.9% |
| Profit growth | — | ▲16.3% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £11.6m | £9m |
| Net assets | £8.5m | £5.7m |
| Current assets | £22.2m | £31.2m |
| Debtors | £10.6m | £22.2m |
| Source | FullAccounts · bulk data Jul 2024 | FullAccounts · bulk data Jul 2024 |
How the business works
- Profit margin
- 2.8%
- Profit ÷ revenue.
- Gross margin
- 21.9%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- —
- Revenue ÷ average employees.
- Profit per employee
- —
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 53.3%
- 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
- ▼33%
- Now £5.7m
- Cash at bank
- ▼22%
- Now £9m
- Headcount
- —
- Now 0
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Sources
Latest figures from FullAccounts for the year to 31 Dec 2023 (profit £1.2m), from the Companies House accounts bulk data published Jul 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.