How much does VFS (Southampton) Limited make?

VFS (Southampton) Limited reported revenue of £28.9m and a loss of £412k in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does VFS (Southampton) Limited have?

VFS (Southampton) Limited reported an average of 125 employees in the year to 31 Dec 2024.

Is VFS (Southampton) Limited profitable?

No — VFS (Southampton) Limited reported a loss of £412k in the year to 31 Dec 2024.

Company No. 03059947 · Incorporated 23 May 1995

VFS (Southampton) Limited

Registered name: VFS (SOUTHAMPTON) LIMITED

Part of Advanced LCV Conversions Ltd group

VFS (Southampton) Limited made £28.9m revenue and a £412k loss in the year to 31 Dec 2024. read from filing text

VFS (Southampton) Limited’s revenue fell 32% to £28.9m in the year to 31 Dec 2024, with a loss of £412k and 125 employees. The company is classified under “manufacture of bodies (coachwork) for motor vehicles (except caravans)” and is based in Eastleigh; we hold 2 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 29201Manufacture of bodies (coachwork) for motor vehicles (except caravans)

Status: Active
Location: Eastleigh, South East
Age: 31 yrs · since 1995
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

Revenue

£28.9m

Growth ▼31.8%

Profit

−£412k

Growth —

Profit margin

−1.4%

Gross 9.1%

Employees

125

Change ▼13.8%

Profit / employee

−£3.3k

Revenue/employee £232k

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.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2023	31 Dec 2024
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£42.4m	£28.9m
Cost of sales	£39.4m	£26.3m
Gross profit	£3.1m	£2.6m
Operating profit	£46.2k	−£274k
Profit before tax	−£239k	−£503k
Profit after tax	−£204k	−£412k
Profit (best available)	−£204k	−£412k
Employees (average)	145	125
Ratios
Profit margin	−0.5%	−1.4%
Gross margin	7.2%	9.1%
Revenue per employee	£293k	£232k
Profit per employee	−£1.4k	−£3.3k
Growth (year on year)
Revenue growth	—	▼31.8%
Headcount growth	—	▼13.8%
Balance sheet — indirect signals, not revenue
Cash at bank	£191k	£160k
Net assets	£2.4m	£2m
Fixed assets	£3.8m	£3.7m
Current assets	£9.9m	£5.5m
Debtors	£3.4m	£1.1m
Deferred income	£562k	£213k
Source	FullAccounts · bulk data Jul 2025	FullAccounts · bulk data Jul 2025

Derived from the latest filing

How the business works

Profit margin: −1.4%; Profit ÷ revenue.
Gross margin: 9.1%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £232k; Revenue ÷ average employees.
Profit per employee: −£3.3k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 12.8%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0.7%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 3.7%; 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: ▼17%; Now £2m
Cash at bank: ▼17%; Now £160k
Headcount: ▼14%; Now 125
Deferred income: ▼62%; Now £213k
Fixed assets: ▼2%; Now £3.7m

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

Advanced LCV Conversions Ltdultimate parent75–100%
VFS (Southampton) 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 Dec 2024 (profit −£412k), from the Companies House accounts bulk data published Jul 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.