How much does Aeroserve (MSP) Limited make?

Aeroserve (MSP) Limited reported revenue of £9.4m and a loss of £7.5m in the year to 31 Mar 2023, according to its accounts filed at Companies House.

How many employees does Aeroserve (MSP) Limited have?

Aeroserve (MSP) Limited reported an average of 285 employees in the year to 31 Mar 2023.

Is Aeroserve (MSP) Limited profitable?

No — Aeroserve (MSP) Limited reported a loss of £7.5m in the year to 31 Mar 2023.

Company No. 04073987 · Incorporated 19 Sep 2000

Aeroserve (MSP) Limited

Registered name: AEROSERVE (MSP) LIMITED

Part of FTL UK Acquisition Company Limited group

Aeroserve (MSP) Limited made £9.4m revenue and a £7.5m loss in the year to 31 Mar 2023.

Aeroserve (MSP) Limited’s revenue grew 163% to £9.4m in the year to 31 Mar 2023, with a loss of £7.5m and 285 employees. The company is classified under “other service activities” and is based in Derby; we hold 2 years of its filed accounts.

Full P&L filedSection S · Other service activitiesSIC 96090Other service activities n.e.c.

Status: Active
Location: Derby, East Midlands
Age: 26 yrs · since 2000
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: “STAR Strategic Assets III-A LP”

Latest accounts · year to 31 Mar 2023

Key figures

Revenue

£9.4m

Growth ▲163.1%

Profit

−£7.5m

Growth —

Profit margin

−80.3%

Gross −15%

Employees

285

Change ▲90%

Profit / employee

−£26.4k

Revenue/employee £32.9k

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 Mar 2022	31 Mar 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£3.6m	£9.4m
Cost of sales	£7.8m	£10.8m
Gross profit	−£4.2m	−£1.4m
Operating profit	−£7.3m	−£7.5m
Profit before tax	−£7.3m	−£7.5m
Profit after tax	−£7.6m	−£7.5m
Profit (best available)	−£7.6m	−£7.5m
Staff costs	£4.5m	£8.8m
Employees (average)	150	285
Ratios
Profit margin	−214.6%	−80.3%
Gross margin	−118.1%	−15%
Revenue per employee	£23.8k	£32.9k
Profit per employee	−£51k	−£26.4k
Growth (year on year)
Revenue growth	—	▲163.1%
Headcount growth	—	▲90%
Balance sheet — indirect signals, not revenue
Cash at bank	£118k	£662k
Net assets	−£11.6m	−£19.1m
Fixed assets	£3.9m	£3.6m
Current assets	£2m	£2.6m
Debtors	£1.2m	£1.7m
Deferred income	£1.2m	£899k
Source	FullAccounts · bulk data May 2024	FullAccounts · bulk data May 2024

Derived from the latest filing

How the business works

Profit margin: −80.3%; Profit ÷ revenue.
Gross margin: −15%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £32.9k; Revenue ÷ average employees.
Profit per employee: −£26.4k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 38.8%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 9.6%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 17.7%; 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: —; Now −£19.1m
Cash at bank: ▲461%; Now £662k
Headcount: ▲90%; Now 285
Deferred income: ▼25%; Now £899k
Fixed assets: ▼6%; Now £3.6m

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

FTL UK Acquisition Company Limitedultimate parent75–100%
Stellar Mayan Limited75–100%
Aeroserve (MSP) Limitedthis company

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

Sister companies (3)

Synergy Health Managed Services LimitedRev. £50.7m · Profit −£85k
Aeroserve Euro LimitedRev. £13.7m · Profit £7.5m
Grosvenor Contracts (London) LimitedRev. £9.3m · Profit £1.2m

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 2023 (profit −£7.5m), from the Companies House accounts bulk data published May 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.