How much does Evelyn Partners Services Limited make?

Evelyn Partners Services Limited reported revenue of £406m and £8.6m profit in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does Evelyn Partners Services Limited have?

Evelyn Partners Services Limited reported an average of 0 employees in the year to 31 Dec 2023.

Is Evelyn Partners Services Limited profitable?

Yes — Evelyn Partners Services Limited reported a profit of £8.6m in the year to 31 Dec 2023.

Company No. 05169111 · Incorporated 2 Jul 2004

Evelyn Partners Services Limited

Registered name: EVELYN PARTNERS SERVICES LIMITED

Part of Natwest Group PLC group

Evelyn Partners Services Limited made £406m revenue and £8.6m profit in the year to 31 Dec 2023.

Evelyn Partners Services Limited’s revenue fell 4% to £406m in the year to 31 Dec 2023, with £8.6m profit and 0 employees. The company is classified under “other business support service activities” and is based in London; we hold 2 years of its filed accounts.

Full P&L filedSection N · Administrative and support servicesSIC 82990Other business support service activities n.e.c.

Status: Active
Location: London, London
Age: 22 yrs · since 2004
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: “Towry Finance Company Limited”

Latest accounts · year to 31 Dec 2023

Key figures

Small team

Revenue

£406m

Growth ▼4.2%

Profit

£8.6m

Growth ▼32%

Profit margin

2.1%

Employees

Change —

Profit / employee

—

Profitable streak

2yrs

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 2022	31 Dec 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£424m	£406m
Operating profit	£13.9m	£21.8m
Profit before tax	£11.9m	£16m
Profit after tax	£12.6m	£8.6m
Profit (best available)	£12.6m	£8.6m
Staff costs	£235m	£209m
Employees (average)	0	0
Ratios
Profit margin	3%	2.1%
Growth (year on year)
Revenue growth	—	▼4.2%
Profit growth	—	▼32%
Balance sheet — indirect signals, not revenue
Cash at bank	£5.1m	£1m
Net assets	£52.8m	£42.4m
Fixed assets	£207m	£210m
Current assets	£250m	£172m
Debtors	£8k	£0
Deferred income	£75.8m	£83m
Source	FullAccounts · bulk data Jul 2024	FullAccounts · bulk data Jul 2024

Derived from the latest filing

How the business works

Profit margin: 2.1%; Profit ÷ revenue.
Gross margin: —; Gross profit ÷ revenue. High for software and services.
Revenue per employee: —; Revenue ÷ average employees.
Profit per employee: —; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 51.6%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 20.4%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 0%; 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: ▼20%; Now £42.4m
Cash at bank: ▼80%; Now £1m
Headcount: —; Now 0
Deferred income: ▲10%; Now £83m
Fixed assets: ▲1%; Now £210m

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

Natwest Group PLCultimate parent75–100%
Natwest Holdings Limited75–100%
National Westminster Bank Public Limited Company75–100%
Evelyn Partners Group Limited75–100%
Evelyn Partners Services Limitedthis company

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

Sister companies (13)

Evelyn Partners Investment Services LimitedRev. £103m · Profit £8.6m
Evelyn Partners Discretionary Investment Management LimitedRev. £75.4m · Profit £8.8m
Evelyn Partners Financial Planning LimitedRev. £53.5m · Profit £873k
Dart Capital LimitedRev. £5.3m · Profit £627k
Evelyn Partners Asset Management LimitedRev. £4.5m · Profit £503k
HFS Milbourne Financial Services LimitedRev. £49k · Profit £25k
Tilney Discretionary Portfolio Management LimitedRev. £2k · Profit £35k
25 Moorgate LimitedFigures not disclosed
Bestinvest (Holdings) LimitedFigures not disclosed
Evelyn Partners (Holdings) LimitedFigures not disclosed
Evelyn Partners I M LimitedFigures not disclosed
Index Fund Advisors LtdLiquidationFigures not disclosed
NCL Investments LimitedLiquidationFigures not disclosed

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 Dec 2023 (profit £8.6m), from the Companies House accounts bulk data published Jul 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.