How much does Farsight Consulting Limited make?

Farsight Consulting Limited reported revenue of £15.7m and £1.9m profit in the year to 31 Mar 2023, according to its accounts filed at Companies House.

How many employees does Farsight Consulting Limited have?

Farsight Consulting Limited reported an average of 69 employees in the year to 31 Mar 2023.

Is Farsight Consulting Limited profitable?

Yes — Farsight Consulting Limited reported a profit of £1.9m in the year to 31 Mar 2023.

Company No. 07215255 · Incorporated 7 Apr 2010

Farsight Consulting Limited

Registered name: FARSIGHT CONSULTING LIMITED

Part of Vesta Topco Limited group

Farsight Consulting Limited made £15.7m revenue and £1.9m profit in the year to 31 Mar 2023.

Farsight Consulting Limited’s revenue grew 59% to £15.7m in the year to 31 Mar 2023, with £1.9m profit and 69 employees. The company is classified under “management consultancy activities other than financial management” and is based in Birmingham; we hold 2 years of its filed accounts.

Full P&L filedSection M · Professional, scientific and technical activitiesSIC 70229Management consultancy activities other than financial management

Status: Active
Location: Birmingham, West Midlands
Age: 16 yrs · since 2010
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 Mar 2023

Key figures

Capital-lightCash flow filed

Revenue

£15.7m

Growth ▲58.7%

Profit

£1.9m

Growth ▲10.1%

Profit margin

12.3%

Gross 28.3%

Employees

Change ▲60.5%

Profit / employee

£27.9k

Revenue/employee £227k

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.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Mar 2022	31 Mar 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£9.9m	£15.7m
Cost of sales	£6.7m	£11.3m
Gross profit	£3.2m	£4.4m
Operating profit	£2.1m	£2.4m
Profit before tax	£2.1m	£2.4m
Profit after tax	£1.7m	£1.9m
Profit (best available)	£1.7m	£1.9m
Staff costs	£2.7m	£4.7m
Employees (average)	43	69
Ratios
Profit margin	17.7%	12.3%
Gross margin	32.5%	28.3%
Revenue per employee	£230k	£227k
Profit per employee	£40.6k	£27.9k
Cash conversion	101.9%	68.5%
Growth (year on year)
Revenue growth	—	▲58.7%
Profit growth	—	▲10.1%
Headcount growth	—	▲60.5%
Balance sheet — indirect signals, not revenue
Cash at bank	£4.8m	£6.3m
Net assets	£4.7m	£6.5m
Fixed assets	£84.5k	£113k
Current assets	£6.7m	£8.5m
Debtors	£619k	£563k
Deferred income	£369k	£358k
Cash from operations	£2.2m	£1.6m
Source	Accounts · bulk data Dec 2023	Accounts · bulk data Dec 2023

Derived from the latest filing

How the business works

Profit margin: 12.3%; Profit ÷ revenue.
Gross margin: 28.3%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £227k; Revenue ÷ average employees.
Profit per employee: £27.9k; Profit ÷ average employees.
Cash conversion: 68.5%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0.7%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 2.3%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 3.6%; 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: ▲39%; Now £6.5m
Cash at bank: ▲30%; Now £6.3m
Headcount: ▲60%; Now 69
Deferred income: ▼3%; Now £358k
Fixed assets: ▲33%; Now £113k

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

Vesta Topco Limitedultimate parent75–100%
Vesta Midco Limited75–100%
Investment Company 24 Bidco Limited75–100%
Version 1 Software UK Limited75–100%
Sixtyone Holdings Limited75–100%
Farsight Consulting Limitedthis company

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

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 accounts for the year to 31 Mar 2023 (profit £1.9m), from the Companies House accounts bulk data published Dec 2023. 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.