How much does VSL Systems (UK) Limited make?

VSL Systems (UK) Limited reported revenue of £41.8m and £1.9m profit in the year to 31 Dec 2024, according to its accounts filed at Companies House.

Is VSL Systems (UK) Limited profitable?

Yes — VSL Systems (UK) Limited reported a profit of £1.9m in the year to 31 Dec 2024.

Company No. 02285599 · Incorporated 10 Aug 1988

VSL Systems (UK) Limited

Registered name: VSL SYSTEMS (UK) LIMITED

Part of Bouygues S.A. group

VSL Systems (UK) Limited made £41.8m revenue and £1.9m profit in the year to 31 Dec 2024.

VSL Systems (UK) Limited’s revenue fell 4% to £41.8m in the year to 31 Dec 2024, with £1.9m profit. The company is classified under “construction of other civil engineering projects” and is based in London; we hold 3 years of its filed accounts.

Full P&L filedSIC 42990Construction of other civil engineering projects n.e.c.

Status: Active
Location: London
Age: 38 yrs · since 1988
Type: Private Limited Company

Latest accounts · year to 31 Dec 2024

Key figures

Revenue

£41.8m

Growth ▼3.6%

Profit

£1.9m

Growth ▲22.5%

Profit margin

4.7%

Gross 8%

Employees

—

Change —

Profit / employee

—

Profitable streak

3yrs

Consecutive profitable years in our data

3 filed years

Financial history

Multi-year financials, oldest to newest
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)	£60.5m	£43.4m	£41.8m
Cost of sales	−£49.3m	−£39.4m	−£38.5m
Gross profit	£11.2m	£3.9m	£3.3m
Operating profit	£10.5m	£1.7m	£1.9m
Profit before tax	£10.5m	£1.9m	£2.3m
Profit after tax	£8.6m	£1.6m	£1.9m
Profit (best available)	£8.6m	£1.6m	£1.9m
Employees (average)	—	—	—
Ratios
Profit margin	14.1%	3.7%	4.7%
Gross margin	18.5%	9.1%	8%
Growth (year on year)
Revenue growth	—	▼28.3%	▼3.6%
Profit growth	—	▼81.5%	▲22.5%
Balance sheet — indirect signals, not revenue
Net assets	—	—	—
Source	Accounts · bulk data Jan 2025	Accounts · bulk data Jan 2025	Accounts · bulk data Feb 2026

Derived from the latest filing

How the business works

Profit margin: 4.7%; Profit ÷ revenue.
Gross margin: 8%; 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: —; 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: —; Now —
Cash at bank: —; Now —
Headcount: —; Now —
Deferred income: —; Now —
Fixed assets: —; Now —

Corporate ownership

Group structure

Ownership chain

Bouygues S.A. (registered outside the UK register)ultimate parent75–100%
VSL Systems (UK) Limitedthis company

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

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

Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Dec 2024 (profit £1.9m), from the Companies House accounts bulk data published Feb 2026. Spotted an error? Request a correction.

Updated from Companies House on 21 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.