Vellco Holdings Limited
Registered name: VELLCO HOLDINGS LIMITED
Vellco Holdings Limited made £9.3m revenue and £409k profit in the year to 31 Dec 2024. read from filing text
Vellco Holdings Limited’s revenue fell 8% to £9.3m in the year to 31 Dec 2024, with £409k profit and 80 employees. The company is classified under “activities of head offices” and is based in Leeds; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Leeds, Yorkshire and The Humber
- Age
- 19 yrs · since 2007
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 |
|---|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text |
| 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 | £360k | £895k | £539k |
| Profit before tax | £355k | £898k | £563k |
| Profit after tax | £280k | £674k | £409k |
| Profit (best available) | £280k | £674k | £409k |
| Employees (average) | 84 | 86 | 80 |
| Ratios | |||
| Profit margin | 2.8% | 6.7% | 4.4% |
| Gross margin | 54.3% | 65.2% | 64.6% |
| Revenue per employee | £119k | £117k | £116k |
| Profit per employee | £3.3k | £7.8k | £5.1k |
| Growth (year on year) | |||
| Revenue growth | — | ▲0.4% | ▼7.9% |
| Profit growth | — | ▲140.4% | ▼39.4% |
| Headcount growth | — | ▲2.4% | ▼7% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £3.4k | £3.4k | £3.4k |
| Net assets | £2.3m | £2.3m | £2m |
| Fixed assets | £2.1m | £2.1m | £1.8m |
| Current assets | £240k | £240k | £240k |
| Debtors | £0 | £0 | £0 |
| Source | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Dec 2025 |
How the business works
- Profit margin
- 4.4%
- Profit ÷ revenue.
- Gross margin
- 64.6%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £116k
- Revenue ÷ average employees.
- Profit per employee
- £5.1k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 19%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 0%
- 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
- ▼13%
- Now £2m
- Cash at bank
- ▼0%
- Now £3.4k
- Headcount
- ▼7%
- Now 80
- Deferred income
- —
- Now —
- Fixed assets
- ▼15%
- Now £1.8m
Sources
Latest figures from FullAccounts for the year to 31 Dec 2024 (profit £409k), from the Companies House accounts bulk data published Dec 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.