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Company No. 02146732 · Incorporated 13 Jul 1987

Service Express Europe Limited

Registered name: SERVICE EXPRESS EUROPE LIMITED

Part of Service Express Emea Limited group

Service Express Europe Limited made £66.7m revenue and £7.7m profit in the year to 31 Dec 2023.

Service Express Europe Limited’s revenue grew 13% to £66.7m in the year to 31 Dec 2023, with £7.7m profit and 290 employees. The company is classified under “other software publishing” and is based in Bedfordshire; we hold 2 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 58290Other software publishing
Status
Active
Location
Bedfordshire, South East
Age
39 yrs · since 1987
Type
Private Limited Company

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: “New Blue Chip Limited”

Latest accounts · year to 31 Dec 2023

Key figures

Revenue
£66.7m
Growth ▲13%
Profit
£7.7m
Growth ▼15.3%
Profit margin
11.5%
Gross 65.8%
Employees
290
Change 0%
Profit / employee
£26.4k
Revenue/employee £230k
Profitable streak
2yrs
Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to31 Dec 202231 Dec 2023
DisclosureFull P&LFull P&L
Profit & loss
Revenue (turnover)£59m£66.7m
Cost of sales£13.2m£22.8m
Gross profit£45.8m£43.8m
Operating profit£9.5m£7m
Profit before tax£9.3m£6.5m
Profit after tax£9m£7.7m
Profit (best available)£9m£7.7m
Staff costs£22.5m£23.9m
Employees (average)290290
Ratios
Profit margin15.3%11.5%
Gross margin77.6%65.8%
Revenue per employee£203k£230k
Profit per employee£31.1k£26.4k
Growth (year on year)
Revenue growth—▲13%
Profit growth—▼15.3%
Headcount growth—0%
Balance sheet — indirect signals, not revenue
Cash at bank£2.8m£1.8m
Net assets£60.1m£67.8m
Fixed assets£43.5m£39.6m
Current assets£64.3m£80.8m
Debtors£12.7m£16.2m
Deferred income£26.6m£30.9m
SourceFullAccounts · bulk data Nov 2024FullAccounts · bulk data Nov 2024
Derived from the latest filing

How the business works

Profit margin
11.5%
Profit ÷ revenue.
Gross margin
65.8%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£230k
Revenue ÷ average employees.
Profit per employee
£26.4k
Profit ÷ average employees.
Cash conversion
—
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
59.4%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
46.4%
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
24.3%
Money owed by customers. Low = customers pay quickly.
Indirect — not revenue

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
▲13%
Now £67.8m
Cash at bank
▼35%
Now £1.8m
Headcount
0%
Now 290
Deferred income
▲16%
Now £30.9m
Fixed assets
▼9%
Now £39.6m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

  1. Service Express Emea Limitedultimate parent75–100%
  2. New Blue Chip Limited75–100%
  3. Service Express Europe Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Subsidiaries (5)

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2023 (profit £7.7m), 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.