How much does Asset Services Limited make?

Asset Services Limited reported revenue of £6.3m and £248k profit in the year to 30 Nov 2025, according to its accounts filed at Companies House.

How many employees does Asset Services Limited have?

Asset Services Limited reported an average of 216 employees in the year to 30 Nov 2025.

Is Asset Services Limited profitable?

Yes — Asset Services Limited reported a profit of £248k in the year to 30 Nov 2025.

Company No. 02896329 · Incorporated 9 Feb 1994

Asset Services Limited

Registered name: ASSET SERVICES LIMITED

Part of Lloyds Banking Group PLC group

Asset Services Limited made £6.3m revenue and £248k profit in the year to 30 Nov 2025. read from filing text

Asset Services Limited’s revenue fell 6% to £6.3m in the year to 30 Nov 2025, with £248k profit and 216 employees. The company is classified under “other telecommunications activities” and is based in Dorset; we hold 4 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 61900Other telecommunications activities

Status: Active
Location: Dorset, South West
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. From the filing: “The company's immediate parent company is Asset Services Group Limited, a company registered in England and Wales, by virtue of its 100% holding in the company's issued share capital.”

Latest accounts · year to 30 Nov 2025

Key figures

Revenue

£6.3m

Growth ▼5.7%

Profit

£248k

Growth ▼83.3%

Profit margin

Gross 68.5%

Employees

216

Change ▲22%

Profit / employee

£1.1k

Revenue/employee £29.1k

Profitable streak

4yrs

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	30 Nov 2022	30 Nov 2023	30 Nov 2024	30 Nov 2025
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£5.2m	£7.2m	£6.7m	£6.3m
Cost of sales	£1.6m	£2.1m	£2m	£2m
Gross profit	£3.6m	£5.2m	£4.7m	£4.3m
Operating profit	£2.2m	£2.7m	£1.6m	£780k
Profit before tax	£2.2m	£2.7m	£1.6m	£756k
Profit after tax	£1.9m	£1.9m	£1.5m	£248k
Profit (best available)	£1.9m	£1.9m	£1.5m	£248k
Staff costs	£1.7m	£2.5m	£2.7m	£2.7m
Employees (average)	97	171	177	216
Ratios
Profit margin	36%	25.9%	22.4%	4%
Gross margin	69.8%	71.6%	70.3%	68.5%
Revenue per employee	£53.8k	£42.4k	£37.6k	£29.1k
Profit per employee	£19.4k	£11k	£8.4k	£1.1k
Growth (year on year)
Revenue growth	—	▲38.9%	▼8.1%	▼5.7%
Profit growth	—	▲0.1%	▼20.8%	▼83.3%
Headcount growth	—	▲76.3%	▲3.5%	▲22%
Balance sheet — indirect signals, not revenue
Cash at bank	£3m	£1.5m	£333k	£243k
Net assets	£4.3m	£6.2m	£7.7m	£8m
Fixed assets	£620k	£624k	£443k	£853k
Current assets	£4.8m	£7.2m	£8.3m	£8.9m
Debtors	£307k	£407k	£469k	£371k
Deferred income	£191k	£514k	£425k	£315k
Source	FullAccounts · bulk data Jul 2024	FullAccounts · bulk data Jul 2024	FullAccounts · bulk data Aug 2025	FullAccounts · bulk data Aug 2026

Derived from the latest filing

How the business works

Profit margin: 4%; Profit ÷ revenue.
Gross margin: 68.5%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £29.1k; Revenue ÷ average employees.
Profit per employee: £1.1k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 13.6%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 5%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 5.9%; 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: ▲3%; Now £8m
Cash at bank: ▼27%; Now £243k
Headcount: ▲22%; Now 216
Deferred income: ▼26%; Now £315k
Fixed assets: ▲93%; Now £853k

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

Lloyds Banking Group PLCultimate parent75–100%
LBG Equity Investments Limited75–100%
Lloyds Development Capital (Holdings) Limited75–100%
LDC (General Partner) Limited75–100%
LDC GP LLP75–100%
Project Penny Limited75–100%
Asset Services Group Limited75–100%
Asset Services Limitedthis company

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

Subsidiaries (1)

Message Direct LimitedFigures not disclosed

Sister companies (3)

Internet Communications (Services) LimitedRev. £4.4m · Profit £1.3m
Best Business Services LimitedRev. £1.6m · Profit £583k
PHD in Communications LimitedRev. £590k · Profit £241k

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 30 Nov 2025 (profit £248k), from the Companies House accounts bulk data published Aug 2026. 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.