Vegner Group Limited
Registered name: VEGNER GROUP LIMITED
Part of Odevo UK Holdco Limited groupVegner Group Limited made £154k revenue and £14.7m profit in the year to 31 Dec 2024.
Vegner Group Limited’s revenue was £154k in the year to 31 Dec 2024, with £14.7m profit and 35 employees. The company is classified under “activities of head offices” and is based in Richmond; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Richmond, London
- Age
- 20 yrs · since 2006
- 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.
Key figures
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.
Financial history
| Year to | 31 Mar 2022 | 31 Mar 2023 | 31 Dec 2023 | 31 Dec 2024 |
|---|---|---|---|---|
| Disclosure | Profit only | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | — | £0 | £104k | £154k |
| Cost of sales | — | £0 | £25.6k | £18.2k |
| Gross profit | — | £0 | £78.1k | £135k |
| Operating profit | −£1.3m | £439k | £2.3m | £4.1m |
| Profit before tax | −£1.4m | £69.8k | £2m | £15.4m |
| Profit after tax | £69.7k | £69.8k | £1.4m | £14.7m |
| Profit (best available) | £69.7k | £69.8k | £1.4m | £14.7m |
| Staff costs | £900k | £1m | £782k | £1.4m |
| Employees (average) | 26 | 27 | 31 | 35 |
| Ratios | ||||
| Profit margin | — | — | 1310% | 9553% |
| Gross margin | — | — | 75.3% | 88.2% |
| Revenue per employee | — | £0 | £3.3k | £4.4k |
| Profit per employee | £2.7k | £2.6k | £43.8k | £419k |
| Growth (year on year) | ||||
| Profit growth | — | ▲0.1% | — | — |
| Headcount growth | — | ▲3.9% | — | — |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £0 | £132k | £444k | £317k |
| Net assets | £4.6m | £4.6m | £6m | £17.5m |
| Fixed assets | £9.4m | £9.4m | £9.5m | £8.9m |
| Current assets | £12.9m | £15.4m | £15.7m | £13.6m |
| Debtors | £12.9m | £15.3m | £15.2m | £13.3m |
| Deferred income | £430k | £387k | £220k | £258k |
| Source | FullAccounts · bulk data Dec 2023 | FullAccounts · bulk data Dec 2023 | FullAccounts · bulk data May 2024 | FullAccounts · bulk data Apr 2025 |
How the business works
- Profit margin
- 9553%
- Profit ÷ revenue.
- Gross margin
- 88.2%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £4.4k
- Revenue ÷ average employees.
- Profit per employee
- £419k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 5814%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 168.2%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 8661%
- Money owed by customers. Low = customers pay quickly.
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 £17.5m
- Cash at bank
- —
- Now £317k
- Headcount
- —
- Now 35
- Deferred income
- —
- Now £258k
- Fixed assets
- —
- Now £8.9m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Odevo UK Holdco Limitedultimate parent75–100%
- Odevo UK Limited75–100%
- Vegner Holdings Limited75–100%
- Vegner Group Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- HML Hathaways LimitedFigures not disclosed
Sister companies (1)
- Altus PM LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Dec 2024 (profit £14.7m), 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.