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Company No. 03290006 · Incorporated 10 Dec 1996

Bath Bus Company Limited

Registered name: BATH BUS COMPANY LIMITED

Part of Firstgroup PLC group

Bath Bus Company Limited made £4m revenue and a £186k loss in the year to 31 Dec 2022.

Bath Bus Company Limited’s revenue grew 64% to £4m in the year to 31 Dec 2022, with a loss of £186k and 76 employees. The company is classified under “other urban, suburban or metropolitan passenger land transport (not underground, metro or similar)” and is based in London; we hold 2 years of its filed accounts.

Full P&L filedSection H · Transportation and storageSIC 49319Other urban, suburban or metropolitan passenger land transport (not underground, metro or similar)SIC 49390Other passenger land transport
Status
Active
Location
London, London
Age
29 yrs · since 1996
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 2022

Key figures

Doing more with less
Revenue
£4m
Growth ▲64.1%
Profit
−£186k
Growth —
Profit margin
−4.7%
Gross 17.7%
Employees
76
Change ▼16.5%
Profit / employee
−£2.5k
Revenue/employee £52.3k
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 to31 Dec 202131 Dec 2022
DisclosureFull P&LFull P&L
Profit & loss
Revenue (turnover)£2.4m£4m
Cost of sales£2.5m£3.3m
Gross profit−£91.1k£703k
Operating profit−£1.1m−£59.1k
Profit before tax−£1.2m−£186k
Profit after tax−£1.2m−£186k
Profit (best available)−£1.2m−£186k
Staff costs£2m£2.2m
Employees (average)9176
Ratios
Profit margin−47.6%−4.7%
Gross margin−3.8%17.7%
Revenue per employee£26.6k£52.3k
Profit per employee−£12.7k−£2.5k
Growth (year on year)
Revenue growth—▲64.1%
Headcount growth—▼16.5%
Balance sheet — indirect signals, not revenue
Cash at bank£4.8k£27k
Net assets−£797k−£950k
Fixed assets£3.7m£3.3m
Current assets£587k£627k
Debtors£198k£127k
Deferred income£479k£517k
SourceAccounts · bulk data Mar 2024Accounts · bulk data Mar 2024
Derived from the latest filing

How the business works

Profit margin
−4.7%
Profit ÷ revenue.
Gross margin
17.7%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£52.3k
Revenue ÷ average employees.
Profit per employee
−£2.5k
Profit ÷ average employees.
Cash conversion
—
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
84.1%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
13%
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
3.2%
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
—
Now −£950k
Cash at bank
▲467%
Now £27k
Headcount
▼16%
Now 76
Deferred income
▲8%
Now £517k
Fixed assets
▼10%
Now £3.3m

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

  1. Firstgroup PLCultimate parent75–100%
  2. First Bus Holdings Limited75–100%
  3. Bath Bus Company Limitedthis company

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

Sister companies (30)

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Dec 2022 (profit −£186k), from the Companies House accounts bulk data published Mar 2024. 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.