Service Express Europe Limited
Registered name: SERVICE EXPRESS EUROPE LIMITED
Part of Service Express Emea Limited groupService Express Europe Limited made £66.8m revenue and £4.3m profit in the year to 31 Dec 2024.
Service Express Europe Limited’s revenue was £66.8m in the year to 31 Dec 2024, with £4.3m profit and 269 employees. The company is classified under “other software publishing” and is based in Bedfordshire; we hold 3 years of its filed accounts.
- 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”
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 | 31 Dec 2024 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £59m | £66.7m | £66.8m |
| Cost of sales | £13.2m | £22.8m | −£21.2m |
| Gross profit | £45.8m | £43.8m | £45.6m |
| Operating profit | £9.5m | £7m | £11.3m |
| Profit before tax | £9.3m | £6.5m | £3.3m |
| Profit after tax | £9m | £7.7m | £4.3m |
| Profit (best available) | £9m | £7.7m | £4.3m |
| Staff costs | £22.5m | £23.9m | — |
| Employees (average) | 290 | 290 | 269 |
| Ratios | |||
| Profit margin | 15.3% | 11.5% | 6.5% |
| Gross margin | 77.6% | 65.8% | 68.3% |
| Revenue per employee | £203k | £230k | £248k |
| Profit per employee | £31.1k | £26.4k | £16k |
| Growth (year on year) | |||
| Revenue growth | — | ▲13% | ▲0.1% |
| Profit growth | — | ▼15.3% | ▼43.7% |
| Headcount growth | — | 0% | ▼7.2% |
| 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 | — |
| Source | FullAccounts · bulk data Nov 2024 | FullAccounts · bulk data Nov 2024 | Accounts · bulk data Dec 2025 |
How the business works
- Profit margin
- 6.5%
- Profit ÷ revenue.
- Gross margin
- 68.3%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £248k
- Revenue ÷ average employees.
- Profit per employee
- £16k
- 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
- —
- 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
- —
- Now —
- Cash at bank
- —
- Now —
- Headcount
- ▼7%
- Now 269
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Service Express Emea Limitedultimate parent75–100%
- New Blue Chip Limited75–100%
- Service Express Europe Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (5)
- Icc Managed Services LimitedRev. £445k · Profit £32.7k
- Itheon LimitedRev. £1.6k · Profit £1.4k
- Blue Chip LimitedFigures not disclosed
- Blue Chip Parts LimitedFigures not disclosed
- Icc Northern UK LtdRev. — · Profit £254k
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from accounts for the year to 31 Dec 2024 (profit £4.3m), from the Companies House accounts bulk data published Dec 2025. Spotted an error? Request a correction.
Updated from Companies House on 23 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.