How much does Vellco Limited make?

Vellco Limited reported revenue of £9.3m and £437k profit in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Vellco Limited have?

Vellco Limited reported an average of 80 employees in the year to 31 Dec 2024.

Is Vellco Limited profitable?

Yes — Vellco Limited reported a profit of £437k in the year to 31 Dec 2024.

Company No. 04153063 · Incorporated 2 Feb 2001

Vellco Limited

Registered name: VELLCO LIMITED

Vellco Limited made £9.3m revenue and £437k profit in the year to 31 Dec 2024.

Vellco Limited’s revenue fell 8% to £9.3m in the year to 31 Dec 2024, with £437k profit and 80 employees. The company is classified under “recovery of sorted materials” and is based in Leeds; we hold 3 years of its filed accounts.

Full P&L filedSection E · Water supply, sewerage and waste managementSIC 38320Recovery of sorted materials

Status: Active
Location: Leeds, Yorkshire and The Humber
Age: 25 yrs · since 2001
Type: Private Limited Company

Latest accounts · year to 31 Dec 2024

Key figures

IndependentBoring industryCash flow filed

Revenue

£9.3m

Growth ▼7.9%

Profit

£437k

Growth ▼37.8%

Profit margin

4.7%

Gross 64.6%

Employees

Change ▼7%

Profit / employee

£5.5k

Revenue/employee £116k

Profitable streak

3yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023	31 Dec 2024
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£10m	£10.1m	£9.3m
Cost of sales	£4.6m	£3.5m	£3.3m
Gross profit	£5.4m	£6.6m	£6m
Operating profit	£388k	£923k	£567k
Profit before tax	£383k	£926k	£591k
Profit after tax	£308k	£702k	£437k
Profit (best available)	£308k	£702k	£437k
Staff costs	£2.1m	£2.3m	£2.3m
Employees (average)	84	86	80
Ratios
Profit margin	3.1%	7%	4.7%
Gross margin	54.3%	65.2%	64.6%
Revenue per employee	£119k	£117k	£116k
Profit per employee	£3.7k	£8.2k	£5.5k
Cash conversion	−239.4%	−119.1%	−224.3%
Growth (year on year)
Revenue growth	—	▲0.4%	▼7.9%
Profit growth	—	▲127.7%	▼37.8%
Headcount growth	—	▲2.4%	▼7%
Balance sheet — indirect signals, not revenue
Cash at bank	£1m	£1.3m	£2.5m
Net assets	£2.6m	£3.2m	£3.6m
Fixed assets	£2.6m	£2.7m	£2.8m
Current assets	£2.7m	£3m	£4m
Debtors	£1.6m	£1.5m	£1m
Deferred income	£162k	£241k	£328k
Cash from operations	−£929k	−£1.1m	−£1.3m
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Dec 2025

Derived from the latest filing

How the business works

Profit margin: 4.7%; Profit ÷ revenue.
Gross margin: 64.6%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £116k; Revenue ÷ average employees.
Profit per employee: £5.5k; Profit ÷ average employees.
Cash conversion: −224.3%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 30.2%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 3.5%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 11.3%; 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: ▲12%; Now £3.6m
Cash at bank: ▲92%; Now £2.5m
Headcount: ▼7%; Now 80
Deferred income: ▲36%; Now £328k
Fixed assets: ▲3%; Now £2.8m

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

Subsidiaries (2)

Paul James Tyres LimitedRev. £0 · Profit £0
James Environmental LimitedFigures not disclosed

Minority corporate shareholders

Vellco Holdings Limited 25–50%

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 £437k), from the Companies House accounts bulk data published Dec 2025. 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.