How much does Versalift United Kingdom Limited make?

Versalift United Kingdom Limited reported revenue of £34.7m and a loss of £3.9m in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Versalift United Kingdom Limited have?

Versalift United Kingdom Limited reported an average of 125 employees in the year to 31 Dec 2024.

Is Versalift United Kingdom Limited profitable?

No — Versalift United Kingdom Limited reported a loss of £3.9m in the year to 31 Dec 2024.

Company No. 02888311 · Incorporated 17 Jan 1994

Versalift United Kingdom Limited

Registered name: VERSALIFT UNITED KINGDOM LIMITED

Part of Time Manufacturing Acquisition (UK) Limited group

Versalift United Kingdom Limited made £34.7m revenue and a £3.9m loss in the year to 31 Dec 2024.

Versalift United Kingdom Limited’s revenue fell 13% to £34.7m in the year to 31 Dec 2024, with a loss of £3.9m and 125 employees. The company is classified under “installation of industrial machinery and equipment” and is based in Kettering; we hold 4 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 33200Installation of industrial machinery and equipment

Status: Active
Location: Kettering, East Midlands
Age: 32 yrs · since 1994
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.

Latest accounts · year to 31 Dec 2024

Key figures

Capital-light

Revenue

£34.7m

Growth ▼12.7%

Profit

−£3.9m

Growth —

Profit margin

−11.2%

Gross 2.3%

Employees

125

Change ▼11.3%

Profit / employee

−£31k

Revenue/employee £278k

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.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2021	31 Dec 2022	31 Dec 2023	31 Dec 2024
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£24.3m	£28.4m	£39.7m	£34.7m
Cost of sales	£19.8m	£23.4m	£36.7m	£33.9m
Gross profit	£4.4m	£5m	£3m	£810k
Operating profit	—	£1.1m	−£2m	−£3.8m
Profit before tax	£1.7m	£1.9m	−£2.1m	−£4.1m
Profit after tax	£1.4m	£1.5m	−£2.1m	−£3.9m
Profit (best available)	£1.4m	£1.5m	−£2.1m	−£3.9m
Staff costs	—	£4.2m	£5.6m	£5.9m
Employees (average)	103	113	141	125
Ratios
Profit margin	5.7%	5.3%	−5.3%	−11.2%
Gross margin	18.3%	17.5%	7.6%	2.3%
Revenue per employee	£236k	£251k	£282k	£278k
Profit per employee	£13.4k	£13.2k	−£15k	−£31k
Cash conversion	—	−40.6%	—	—
Growth (year on year)
Revenue growth	—	▲17%	▲39.9%	▼12.7%
Profit growth	—	▲8.2%	▼242.2%	—
Headcount growth	—	▲9.7%	▲24.8%	▼11.3%
Balance sheet — indirect signals, not revenue
Cash at bank	£1.6m	£1m	£1.1m	£1.1m
Net assets	£7.3m	£8.8m	£5.8m	£2m
Fixed assets	£362k	£1m	£1.2m	£1.3m
Current assets	£15.4m	£20.8m	£26.8m	£24.7m
Debtors	£5.1m	£8m	£9.9m	£5.2m
Deferred income	£263k	£234k	£1.7m	£1.4m
Cash from operations	−£770k	−£438k	—	—
Source	Accounts · bulk data Oct 2023	Accounts · bulk data Oct 2023	Accounts · bulk data Dec 2024	FullAccounts · bulk data Mar 2026

Derived from the latest filing

How the business works

Profit margin: −11.2%; Profit ÷ revenue.
Gross margin: 2.3%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £278k; Revenue ÷ average employees.
Profit per employee: −£31k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 3.8%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 4.1%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 15.1%; 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: ▼66%; Now £2m
Cash at bank: ▲2%; Now £1.1m
Headcount: ▼11%; Now 125
Deferred income: ▼13%; Now £1.4m
Fixed assets: ▲10%; Now £1.3m

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

Time Manufacturing Acquisition (UK) Limitedultimate parent75–100%
Versalift United Kingdom 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 Dec 2024 (profit −£3.9m), from the Companies House accounts bulk data published Mar 2026. Spotted an error? Request a correction.

Updated from Companies House on 13 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.