How much does Outsource UK Limited make?

Outsource UK Limited reported revenue of £70.5m and a loss of £325k in the year to 31 May 2024, according to its accounts filed at Companies House.

How many employees does Outsource UK Limited have?

Outsource UK Limited reported an average of 137 employees in the year to 31 May 2024.

Is Outsource UK Limited profitable?

No — Outsource UK Limited reported a loss of £325k in the year to 31 May 2024.

Company No. 02609884 · Incorporated 13 May 1991

Outsource UK Limited

Registered name: OUTSOURCE UK LIMITED

Part of Sanderson Solutions Group PLC group

Outsource UK Limited made £70.5m revenue and a £325k loss in the year to 31 May 2024. read from filing text

Outsource UK Limited’s revenue grew 1% to £70.5m in the year to 31 May 2024, with a loss of £325k and 137 employees. The company is classified under “other activities of employment placement agencies” and is based in Bristol; we hold 3 years of its filed accounts.

Full P&L filedSection N · Administrative and support servicesSIC 78109Other activities of employment placement agencies SIC 78200Temporary employment agency activities

Status: Active
Location: Bristol, South West
Age: 35 yrs · since 1991
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: “The parent company is Newick Holdings Limited.”

Latest accounts · year to 31 May 2024

Key figures

Capital-lightDoing more with lessCash flow filed

Revenue

£70.5m

Growth ▲0.9%

Profit

−£325k

Growth ▼882.3%

Profit margin

−0.5%

Gross 6.9%

Employees

137

Change ▼10.5%

Profit / employee

−£2.4k

Revenue/employee £514k

Profitable streak

0yrs

Consecutive profitable years in our data

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

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 May 2022	31 May 2023	31 May 2024
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£68m	£69.8m	£70.5m
Cost of sales	£62m	£64m	£65.6m
Gross profit	£5.9m	£5.8m	£4.8m
Operating profit	£937k	£308k	−£106k
Profit before tax	£710k	£46.2k	−£411k
Profit after tax	£632k	£41.6k	−£325k
Profit (best available)	£632k	£41.6k	−£325k
Staff costs	£3.6m	£4.1m	£3.5m
Employees (average)	181	153	137
Ratios
Profit margin	0.9%	0.1%	−0.5%
Gross margin	8.7%	8.3%	6.9%
Revenue per employee	£375k	£456k	£514k
Profit per employee	£3.5k	£272	−£2.4k
Cash conversion	−459%	−150.9%	—
Growth (year on year)
Revenue growth	—	▲2.8%	▲0.9%
Profit growth	—	▼93.4%	▼882.3%
Headcount growth	—	▼15.5%	▼10.5%
Balance sheet — indirect signals, not revenue
Cash at bank	£1.5m	£1.5m	£260k
Net assets	£165k	£207k	−£118k
Fixed assets	£1.2m	£1.2m	£1.1m
Current assets	£11.1m	£9.9m	£10m
Debtors	£6.9m	£5.1m	£5.8m
Deferred income	£5.7m	£4.6m	£4m
Cash from operations	−£4.3m	−£465k	£909k
Source	FullAccounts · bulk data Feb 2024	FullAccounts · bulk data Feb 2024	FullAccounts · bulk data Feb 2025

Derived from the latest filing

How the business works

Profit margin: −0.5%; Profit ÷ revenue.
Gross margin: 6.9%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £514k; Revenue ÷ average employees.
Profit per employee: −£2.4k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 1.6%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 5.7%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 8.3%; 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: ▼157%; Now −£118k
Cash at bank: ▼83%; Now £260k
Headcount: ▼10%; Now 137
Deferred income: ▼13%; Now £4m
Fixed assets: ▼4%; Now £1.1m

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

Sanderson Solutions Group PLCultimate parent75–100%
Newick Holdings Ltd75–100%
Outsource 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).

Same industry, similar size

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Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 May 2024 (profit −£325k), from the Companies House accounts bulk data published Feb 2025. 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.