How much does Vardags Limited make?

Vardags Limited reported revenue of £21.2m and £1.7m profit in the year to 31 Mar 2025, according to its accounts filed at Companies House.

How many employees does Vardags Limited have?

Vardags Limited reported an average of 112 employees in the year to 31 Mar 2025.

Is Vardags Limited profitable?

Yes — Vardags Limited reported a profit of £1.7m in the year to 31 Mar 2025.

Company No. 07199468 · Incorporated 23 Mar 2010

Vardags Limited

Registered name: VARDAGS LIMITED

Vardags Limited made £21.2m revenue and £1.7m profit in the year to 31 Mar 2025.

Vardags Limited’s revenue grew 15% to £21.2m in the year to 31 Mar 2025, with £1.7m profit and 112 employees. The company is classified under “solicitors” and is based in London; we hold 4 years of its filed accounts.

Full P&L filedSection M · Professional, scientific and technical activitiesSIC 69102Solicitors

Status: Active
Location: London, London
Age: 16 yrs · since 2010
Type: Private Limited Company

Latest accounts · year to 31 Mar 2025

Key figures

IndependentCapital-lightOperating leverageCash flow filed

Revenue

£21.2m

Growth ▲15.3%

Profit

£1.7m

Growth ▲176%

Profit margin

8.1%

Employees

112

Change ▲9.8%

Profit / employee

£15.4k

Revenue/employee £189k

Profitable streak

2yrs

Consecutive profitable years in our data

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

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Mar 2022	31 Mar 2023	31 Mar 2024	31 Mar 2025
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£15.7m	£16.9m	£18.3m	£21.2m
Profit before tax	−£3.2m	−£2.7m	£623k	£1.7m
Profit after tax	−£3m	−£2.7m	£623k	£1.7m
Profit (best available)	−£3m	−£2.7m	£623k	£1.7m
Staff costs	£8.1m	£8.6m	£8.5m	£10.1m
Employees (average)	96	99	102	112
Ratios
Profit margin	−19.1%	−15.9%	3.4%	8.1%
Revenue per employee	£163k	£171k	£180k	£189k
Profit per employee	−£31.2k	−£27.1k	£6.1k	£15.4k
Growth (year on year)
Revenue growth	—	▲7.7%	▲8.6%	▲15.3%
Profit growth	—	—	—	▲176%
Headcount growth	—	▲3.1%	▲3%	▲9.8%
Balance sheet — indirect signals, not revenue
Cash at bank	£1.1m	£1.3m	£473k	£603k
Net assets	−£1.8m	−£4.5m	−£3.9m	−£2.1m
Fixed assets	£241k	£257k	£273k	£300k
Current assets	£9m	£7.4m	£8.4m	£9.7m
Debtors	£5.3m	£3.9m	£4.6m	£4.9m
Cash from operations	−£2.9m	−£217k	£271k	£1.6m
Source	Accounts · bulk data Dec 2023	Accounts · bulk data Dec 2023	Accounts · bulk data Sep 2024	FullAccounts · bulk data Aug 2025

Derived from the latest filing

How the business works

Profit margin: 8.1%; Profit ÷ revenue.
Gross margin: —; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £189k; Revenue ÷ average employees.
Profit per employee: £15.4k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 1.4%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 23%; 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 −£2.1m
Cash at bank: ▲28%; Now £603k
Headcount: ▲10%; Now 112
Deferred income: —; Now —
Fixed assets: ▲10%; Now £300k

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2025 (profit £1.7m), from the Companies House accounts bulk data published Aug 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.