How much does Seras Energy Ltd make?

Seras Energy Ltd reported revenue of £102m and a loss of £5.7m in the year to 29 Feb 2024, according to its accounts filed at Companies House.

How many employees does Seras Energy Ltd have?

Seras Energy Ltd reported an average of 293 employees in the year to 29 Feb 2024.

Is Seras Energy Ltd profitable?

No — Seras Energy Ltd reported a loss of £5.7m in the year to 29 Feb 2024.

Company No. 07042490 · Incorporated 14 Oct 2009

Seras Energy Ltd

Registered name: SERAS ENERGY LTD

Part of Pioneer 1 UK Master Holdco Limited group

Seras Energy Ltd made £102m revenue and a £5.7m loss in the year to 29 Feb 2024.

Seras Energy Ltd’s revenue grew 8% to £102m in the year to 29 Feb 2024, with a loss of £5.7m and 293 employees. The company is classified under “other business support service activities” and is based in Widnes; we hold 2 years of its filed accounts.

Full P&L filedSection N · Administrative and support servicesSIC 82990Other business support service activities n.e.c.

Status: Active
Location: Widnes, North West
Age: 17 yrs · since 2009
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. From the filing: “Pioneer Balmoral UK Limited”

Latest accounts · year to 29 Feb 2024

Key figures

Doing more with lessCash flow filed

Revenue

£102m

Growth ▲8.5%

Profit

−£5.7m

Growth ▼170.8%

Profit margin

−5.6%

Gross 15.1%

Employees

293

Change ▼5.8%

Profit / employee

−£19.3k

Revenue/employee £347k

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	28 Feb 2023	29 Feb 2024
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£93.7m	£102m
Cost of sales	£72m	£86.3m
Gross profit	£21.7m	£15.4m
Operating profit	£8.7m	£9.2m
Profit before tax	£7m	−£3.4m
Profit after tax	£8m	−£5.7m
Profit (best available)	£8m	−£5.7m
Employees (average)	311	293
Ratios
Profit margin	8.5%	−5.6%
Gross margin	23.2%	15.1%
Revenue per employee	£301k	£347k
Profit per employee	£25.7k	−£19.3k
Cash conversion	49.1%	−119.6%
Growth (year on year)
Revenue growth	—	▲8.5%
Profit growth	—	▼170.8%
Headcount growth	—	▼5.8%
Balance sheet — indirect signals, not revenue
Cash at bank	£7.6m	£2.7m
Net assets	£33.5m	£27.5m
Fixed assets	£66.1m	£72.5m
Current assets	£31.5m	£26.3m
Debtors	£8.3m	£7.3m
Deferred income	£1.5m	£0
Cash from operations	£4.3m	−£10.9m
Source	FullAccounts · bulk data Nov 2024	FullAccounts · bulk data Nov 2024

Derived from the latest filing

How the business works

Profit margin: −5.6%; Profit ÷ revenue.
Gross margin: 15.1%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £347k; Revenue ÷ average employees.
Profit per employee: −£19.3k; Profit ÷ average employees.
Cash conversion: −119.6%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 71.3%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 7.2%; 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: ▼18%; Now £27.5m
Cash at bank: ▼65%; Now £2.7m
Headcount: ▼6%; Now 293
Deferred income: ▼100%; Now £0
Fixed assets: ▲10%; Now £72.5m

Corporate ownership

Group structure

Ownership chain

Pioneer 1 UK Master Holdco Limitedultimate parent75–100%
Pioneer Balmoral JV Limited75–100%
Pioneer Balmoral Topco Limited75–100%
Pioneer Balmoral Midco Limited75–100%
Pioneer Balmoral Finance Limited75–100%
Pioneer Balmoral UK Limited75–100%
Seras Energy Ltdthis company

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

Subsidiaries (1)

Seras Energy Colorado LimitedFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 29 Feb 2024 (profit −£5.7m), from the Companies House accounts bulk data published Nov 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.