How many employees does Remit Group Limited have?

Remit Group Limited reported an average of 272 employees in the year to 31 Dec 2023.

Is Remit Group Limited profitable?

Yes — Remit Group Limited reported a profit of £250k in the year to 31 Dec 2023.

Company No. 06552314 · Incorporated 2 Apr 2008

Remit Group Limited

Registered name: REMIT GROUP LIMITED

Remit Group Limited made £250k profit in the year to 31 Dec 2023 (revenue not disclosed).

Remit Group Limited reported £250k profit in the year to 31 Dec 2023, up 77% on the year before; its revenue was not disclosed. It had 272 employees. The company is classified under “other education” and is based in Doncaster; we hold 2 years of its filed accounts.

Profit onlySection P · EducationSIC 85590Other education n.e.c.

Status: Active
Location: Doncaster, Yorkshire and The Humber
Age: 18 yrs · since 2008
Type: Private Limited Company

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.

Latest accounts · year to 31 Dec 2023

Key figures

Cash flow filed

Revenue

—

Not disclosed in filing

Profit

£250k

Growth ▲76.6%

Profit margin

—

Employees

272

Change ▼15%

Profit / employee

£921

Profitable streak

2yrs

Consecutive profitable years in our data

This company published its profit but not its turnover, so revenue and margins are not disclosed. We never estimate them.

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	Profit only	Profit only
Profit & loss
Revenue (turnover)	—	—
Cost of sales	£8.4m	£7m
Profit after tax	£142k	£250k
Profit (best available)	£142k	£250k
Employees (average)	320	272
Ratios
Profit margin	—	—
Profit per employee	£443	£921
Growth (year on year)
Profit growth	—	▲76.6%
Headcount growth	—	▼15%
Balance sheet — indirect signals, not revenue
Cash at bank	£1.3m	£982k
Net assets	£2.1m	£2.3m
Fixed assets	£3.6m	£3.7m
Current assets	£3.5m	£3.2m
Debtors	£373k	£373k
Deferred income	£506k	£526k
Cash from operations	—	−£868k
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024

Derived from the latest filing

How the business works

Profit margin: —; Profit ÷ revenue.
Gross margin: —; Gross profit ÷ revenue. High for software and services.
Revenue per employee: —; Revenue ÷ average employees.
Profit per employee: £921; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: —; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: —; 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: ▲12%; Now £2.3m
Cash at bank: ▼27%; Now £982k
Headcount: ▼15%; Now 272
Deferred income: ▲4%; Now £526k
Fixed assets: ▲3%; Now £3.7m

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

Beech Tree Pe LLPultimate parent75–100%
Beech Tree General Partner IV LLP75–100%
Project Catalyst Topco Limited75–100%
Project Catalyst Midco Limited75–100%
Project Catalyst Bidco Limited75–100%
Remit Group Limitedthis company

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

Subsidiaries (3)

Assessed Education LimitedRev. £292k · Profit −£63.8k
Remit Food LimitedActive - Proposal to Strike offFigures not disclosed
Remit Training LimitedActive - Proposal to Strike offFigures not disclosed

Sister companies (4)

Remit Holdings LimitedActive - Proposal to Strike offRev. £16.1m · Profit £247k
Catalyst Tulip Midco LimitedRev. — · Profit −£1.6m
Project Lunar Bidco LimitedFigures not disclosed
Project Spring Bidco LimitedFigures 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 £250k), from the Companies House accounts bulk data published Sep 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.