How much does Vegetarian Express Limited make?

Vegetarian Express Limited reported revenue of £21.8m and £689k profit in the year to 31 Mar 2025, according to its accounts filed at Companies House.

How many employees does Vegetarian Express Limited have?

Vegetarian Express Limited reported an average of 126 employees in the year to 31 Mar 2025.

Is Vegetarian Express Limited profitable?

Yes — Vegetarian Express Limited reported a profit of £689k in the year to 31 Mar 2025.

Company No. 02793607 · Incorporated 25 Feb 1993

Vegetarian Express Limited

Registered name: VEGETARIAN EXPRESS LIMITED

Part of NVM GP LLP group

Vegetarian Express Limited made £21.8m revenue and £689k profit in the year to 31 Mar 2025. read from filing text

Vegetarian Express Limited’s revenue grew 10% to £21.8m in the year to 31 Mar 2025, with £689k profit and 126 employees. The company is classified under “agents involved in the sale of food, beverages and tobacco” and is based in Watford; we hold 3 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 46170Agents involved in the sale of food, beverages and tobacco

Status: Active
Location: Watford, East of England
Age: 33 yrs · since 1993
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: “The immediate parent at the balance sheet date is”

Latest accounts · year to 31 Mar 2025

Key figures

Capital-light

Revenue

£21.8m

Growth ▲10.1%

Profit

£689k

Growth —

Profit margin

3.2%

Gross 26%

Employees

126

Change ▲12.5%

Profit / employee

£5.5k

Revenue/employee £173k

Profitable streak

1yr

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 Mar 2023	31 Mar 2024	31 Mar 2025
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£17.2m	£19.8m	£21.8m
Cost of sales	£12.9m	£14.1m	£16.1m
Gross profit	£4.4m	£5.7m	£5.7m
Operating profit	£388k	−£2.1m	£830k
Profit before tax	£286k	−£2.2m	£695k
Profit after tax	£592k	−£2.5m	£689k
Profit (best available)	£592k	−£2.5m	£689k
Staff costs	£3.4m	£4.2m	£5m
Employees (average)	93	112	126
Ratios
Profit margin	3.4%	−12.8%	3.2%
Gross margin	25.4%	28.8%	26%
Revenue per employee	£185k	£177k	£173k
Profit per employee	£6.4k	−£22.7k	£5.5k
Growth (year on year)
Revenue growth	—	▲14.8%	▲10.1%
Profit growth	—	▼528.5%	—
Headcount growth	—	▲20.4%	▲12.5%
Balance sheet — indirect signals, not revenue
Cash at bank	£959k	£2.1m	£1m
Net assets	£3.9m	£1.4m	£2m
Fixed assets	£924k	£899k	£1.4m
Current assets	£7.9m	£6.6m	£6.2m
Debtors	£1.7m	£2.5m	£1.9m
Deferred income	£654k	£205k	£609k
Source	FullAccounts · bulk data Dec 2024	FullAccounts · bulk data Dec 2024	FullAccounts · bulk data Sep 2025

Derived from the latest filing

How the business works

Profit margin: 3.2%; Profit ÷ revenue.
Gross margin: 26%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £173k; Revenue ÷ average employees.
Profit per employee: £5.5k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 6.3%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 2.8%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 8.8%; 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: ▲51%; Now £2m
Cash at bank: ▼52%; Now £1m
Headcount: ▲13%; Now 126
Deferred income: ▲197%; Now £609k
Fixed assets: ▲53%; Now £1.4m

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

NVM GP LLPultimate parent75–100%
Vel Group Topco Limited75–100%
Vel Group Bidco Limited75–100%
Vegetarian Express Topco Limited75–100%
Vegetarian Express Bidco Limited75–100%
Vegetarian Express 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).

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2025 (profit £689k), from the Companies House accounts bulk data published Sep 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.