How much does Accessesp UK Limited make?

Accessesp UK Limited reported revenue of £10.1m and £21m profit in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does Accessesp UK Limited have?

Accessesp UK Limited reported an average of 1 employee in the year to 31 Dec 2023.

Is Accessesp UK Limited profitable?

Yes — Accessesp UK Limited reported a profit of £21m in the year to 31 Dec 2023.

Company No. 04499632 · Incorporated 31 Jul 2002

Accessesp UK Limited

Registered name: ACCESSESP UK LIMITED

Part of Baker Hughes Company group

Accessesp UK Limited made £10.1m revenue and £21m profit in the year to 31 Dec 2023. read from filing text

Accessesp UK Limited’s revenue fell 50% to £10.1m in the year to 31 Dec 2023, with £21m profit and 1 employee. The company is classified under “manufacture of other special-purpose machinery” and is based in London; we hold 3 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 28990Manufacture of other special-purpose machinery n.e.c.

Status: Active
Location: London, London
Age: 24 yrs · since 2002
Type: Private Limited Company

Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.

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 is a subsidiary of Baker Hughes Oilfield Operations LLC, incorporated in United States of America and is registered at 330 N Brand Blvd, Suite 700, Glendale, California United States 91203”

Latest accounts · year to 31 Dec 2023

Key figures

Small teamCapital-light

Revenue

£10.1m

Growth ▼50.4%

Profit

£21m

Growth ▲1059%

Profit margin

207.9%

Gross 66%

Employees

Change ▼80%

Profit / employee

£21m

Revenue/employee £10.1m

Profitable streak

2yrs

Consecutive profitable years in our data

Unusual figures. Profit is higher than revenue in this filing. That usually means investment income, dividends from subsidiaries or one-off gains — or a mis-tagged figure. Check the original filing before drawing conclusions.

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 2021	31 Dec 2022	31 Dec 2023
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£5m	£20.4m	£10.1m
Cost of sales	£4.7m	£10.2m	£3.4m
Gross profit	£298k	£10.2m	£6.7m
Operating profit	—	—	£21.8m
Profit before tax	−£4.5m	£1.8m	£22m
Profit after tax	−£4.4m	£1.8m	£21m
Profit (best available)	−£4.4m	£1.8m	£21m
Staff costs	£782k	£935k	£0
Employees (average)	5	5	1
Ratios
Profit margin	−88.6%	8.9%	207.9%
Gross margin	6%	50.1%	66%
Revenue per employee	£994k	£4.1m	£10.1m
Profit per employee	−£881k	£362k	£21m
Growth (year on year)
Revenue growth	—	▲309.5%	▼50.4%
Profit growth	—	—	▲1059%
Headcount growth	—	0%	▼80%
Balance sheet — indirect signals, not revenue
Cash at bank	£81.2k	£94.2k	£306k
Net assets	−£18.6m	−£16.8m	£4.2m
Fixed assets	£309k	£161k	£45.6k
Current assets	£11.3m	£21m	£6.3m
Debtors	£87.7k	£6.6m	£1.4m
Deferred income	£6.9m	£3.8m	£141k
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Apr 2025

Derived from the latest filing

How the business works

Profit margin: 207.9%; Profit ÷ revenue.
Gross margin: 66%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £10.1m; Revenue ÷ average employees.
Profit per employee: £21m; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0.4%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 1.4%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 14%; 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 £4.2m
Cash at bank: ▲225%; Now £306k
Headcount: ▼80%; Now 1
Deferred income: ▼96%; Now £141k
Fixed assets: ▼72%; Now £45.6k

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

Baker Hughes Company (registered outside the UK register)ultimate parent75–100%
Accessesp UK 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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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2023 (profit £21m), from the Companies House accounts bulk data published Apr 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.