How much does Var One Limited make?

Var One Limited reported revenue of £8.8m and £6.3m profit in the year to 31 Oct 2023, according to its accounts filed at Companies House.

How many employees does Var One Limited have?

Var One Limited reported an average of 11 employees in the year to 31 Oct 2023.

Is Var One Limited profitable?

Yes — Var One Limited reported a profit of £6.3m in the year to 31 Oct 2023.

Company No. 06527595 · Incorporated 7 Mar 2008

Var One Limited

Registered name: VAR ONE LIMITED

Var One Limited made £8.8m revenue and £6.3m profit in the year to 31 Oct 2023.

Var One Limited’s revenue grew 58% to £8.8m in the year to 31 Oct 2023, with £6.3m profit and 11 employees. The company is classified under “collection of non-hazardous waste” and is based in Eastbourne; we hold 6 years of its filed accounts.

Full P&L filedSection E · Water supply, sewerage and waste managementSIC 38110Collection of non-hazardous waste SIC 41100Development of building projects SIC 49410Freight transport by road

Status: Liquidation
Location: Eastbourne, South East
Age: 18 yrs · since 2008
Type: Private Limited Company

Latest accounts · year to 31 Oct 2023

Key figures

IndependentOperating leverageBoring industry

Revenue

£8.8m

Growth ▲57.6%

Profit

£6.3m

Growth ▲95.4%

Profit margin

71.3%

Gross 77.8%

Employees

Change ▲22.2%

Profit / employee

£574k

Revenue/employee £804k

Profitable streak

6yrs

Consecutive profitable years in our data

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

6 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Oct 2018	31 Oct 2019	31 Oct 2020	31 Oct 2021	31 Oct 2022	31 Oct 2023
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£1.8m	£2.3m	£3.7m	£5m	£5.6m	£8.8m
Cost of sales	£1m	£922k	£1.5m	£2m	£1.9m	£2m
Gross profit	£782k	£1.4m	£2.3m	£3m	£3.7m	£6.9m
Operating profit	£733k	£1.4m	£2.2m	£2.9m	£3.7m	£6.8m
Profit before tax	£709k	£1.3m	£2.2m	£2.9m	£3.7m	£6.8m
Profit after tax	£569k	£1.1m	£1.8m	£2.4m	£3.2m	£6.3m
Profit (best available)	£569k	£1.1m	£1.8m	£2.4m	£3.2m	£6.3m
Employees (average)	1	4	7	7	9	11
Ratios
Profit margin	31.6%	46.8%	47.3%	48%	57.5%	71.3%
Gross margin	43.5%	60.1%	60.9%	59.6%	66.6%	77.8%
Revenue per employee	£1.8m	£578k	£530k	£712k	£624k	£804k
Profit per employee	£569k	£271k	£251k	£342k	£359k	£574k
Growth (year on year)
Revenue growth	—	▲28.6%	▲60.5%	▲34.2%	▲12.7%	▲57.6%
Profit growth	—	▲90.3%	▲62%	▲36.4%	▲35%	▲95.4%
Headcount growth	—	▲300%	▲75%	0%	▲28.6%	▲22.2%
Balance sheet — indirect signals, not revenue
Cash at bank	£922	£173k	£279k	£420k	£408k	£694k
Net assets	−£37.8k	£947k	£1.6m	£2.1m	£2.6m	£3.7m
Fixed assets	£1.4k	£694k	£1.2m	£1.6m	£2.1m	£2.5m
Current assets	£237k	£507k	£691k	£856k	£846k	£1.5m
Debtors	£236k	£219k	£192k	£219k	£264k	£430k
Deferred income	£0	£0	£0	£0	£0	£0
Source	FullAccounts · bulk data May 2024	FullAccounts · bulk data May 2024	FullAccounts · bulk data May 2024	FullAccounts · bulk data May 2024	FullAccounts · bulk data May 2024	FullAccounts · bulk data May 2024

Derived from the latest filing

How the business works

Profit margin: 71.3%; Profit ÷ revenue.
Gross margin: 77.8%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £804k; Revenue ÷ average employees.
Profit per employee: £574k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 28.2%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 4.9%; 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: ▲40%; Now £3.7m
Cash at bank: ▲70%; Now £694k
Headcount: ▲22%; Now 11
Deferred income: —; Now £0
Fixed assets: ▲20%; Now £2.5m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Oct 2023 (profit £6.3m), from the Companies House accounts bulk data published May 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.