How much does Mace Developments (Greenwich) Limited make?

Mace Developments (Greenwich) Limited reported revenue of £2.4m and a loss of £1.1m in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does Mace Developments (Greenwich) Limited have?

Mace Developments (Greenwich) Limited reported an average of 0 employees in the year to 31 Dec 2023.

Is Mace Developments (Greenwich) Limited profitable?

No — Mace Developments (Greenwich) Limited reported a loss of £1.1m in the year to 31 Dec 2023.

Company No. 06987720 · Incorporated 11 Aug 2009

Mace Developments (Greenwich) Limited

Registered name: MACE DEVELOPMENTS (GREENWICH) LIMITED

Part of Mace Construct Holdings Limited group

Mace Developments (Greenwich) Limited made £2.4m revenue and a £1.1m loss in the year to 31 Dec 2023. read from filing text

Mace Developments (Greenwich) Limited’s revenue fell 77% to £2.4m in the year to 31 Dec 2023, with a loss of £1.1m and 0 employees. The company is classified under “development of building projects” and is based in London; we hold 2 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 41100Development of building projects

Status: Active
Location: London, London
Age: 17 yrs · since 2009
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: “The company is a wholly owned subsidiary of Mace Limited and its ultimate parent company is Mace Finance Limited Both companies are incorporated in England and Wales. The results of the Company are in”

Latest accounts · year to 31 Dec 2023

Key figures

Small team

Revenue

£2.4m

Growth ▼77.3%

Profit

−£1.1m

Growth ▼179.9%

Profit margin

−48%

Gross −53.2%

Employees

Change —

Profit / employee

—

Profitable streak

0yrs

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&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£10.5m	£2.4m
Cost of sales	£7.4m	£3.6m
Gross profit	£3m	−£1.3m
Operating profit	£1.8m	−£1.4m
Profit before tax	£1.8m	−£1.5m
Profit after tax	£1.4m	−£1.1m
Profit (best available)	£1.4m	−£1.1m
Employees (average)	—	0
Ratios
Profit margin	13.7%	−48%
Gross margin	29.1%	−53.2%
Growth (year on year)
Revenue growth	—	▼77.3%
Profit growth	—	▼179.9%
Balance sheet — indirect signals, not revenue
Cash at bank	£107k	£5.5k
Net assets	−£2m	−£3.2m
Current assets	£5.5m	£2.7m
Debtors	£5.2m	£2.4m
Deferred income	£7.1m	£918k
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024

Derived from the latest filing

How the business works

Profit margin: −48%; Profit ÷ revenue.
Gross margin: −53.2%; 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: —; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 38.6%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 103.1%; 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: —; Now −£3.2m
Cash at bank: ▼95%; Now £5.5k
Headcount: —; Now 0
Deferred income: ▼87%; Now £918k
Fixed assets: —; Now —

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

Mace Construct Holdings Limitedultimate parent75–100%
Mace Finance Limited75–100%
Mace Group Limited75–100%
Mace Limited75–100%
Mace Developments (Greenwich) Limitedthis company

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

Subsidiaries (1)

Greenwich Square LimitedFigures not disclosed

Sister companies (12)

City Fringe LimitedFigures not disclosed
Como Group LimitedFigures not disclosed
Mace Construct LimitedFigures not disclosed
Mace Develop LimitedFigures not disclosed
Mace Developments LimitedFigures not disclosed
Mace International (UK) LimitedFigures not disclosed
Mace Living LimitedFigures not disclosed
Mace Living Solutions LimitedFigures not disclosed
Mace Mep Services LimitedFigures not disclosed
Mace Plus Group LimitedFigures not disclosed
Mace Sustain LimitedFigures not disclosed
National Digital LtdFigures 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 −£1.1m), 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.