Verex Premium Finance Limited
Registered name: VEREX PREMIUM FINANCE LIMITED
Part of JMG Realisations Ltd groupVerex Premium Finance Limited made £616k revenue and £255k profit in the year to 31 Dec 2022.
Verex Premium Finance Limited’s revenue was £616k in the year to 31 Dec 2022, with £255k profit and 0 employees. The company is classified under “credit granting by non-deposit taking finance houses and other specialist consumer credit grantors” and is based in Rayleigh; we hold 3 years of its filed accounts.
- Status
- Liquidation
- Location
- Rayleigh, East of England
- Age
- 15 yrs · since 2010
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Apr 2021 | 30 Apr 2022 | 31 Dec 2022 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £1.7m | £965k | £616k |
| Gross profit | £1.7m | £965k | £616k |
| Operating profit | £1.5m | £865k | £550k |
| Profit before tax | £784k | £465k | £255k |
| Profit after tax | £784k | £465k | £255k |
| Profit (best available) | £784k | £465k | £255k |
| Employees (average) | — | 0 | 0 |
| Ratios | |||
| Profit margin | 47% | 48.2% | 41.3% |
| Gross margin | 100% | 100% | 100% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £43.5k | £4.3k | £41.1k |
| Net assets | £19.5k | £34.2k | £289k |
| Current assets | £5.6m | £4.3m | £4.4m |
| Debtors | £4.4m | £4.1m | £4m |
| Source | Accounts · bulk data Jan 2025 | Accounts · bulk data Jan 2025 | Accounts · bulk data Jan 2025 |
How the business works
- Profit margin
- 41.3%
- Profit ÷ revenue.
- Gross margin
- 100%
- 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
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 644.4%
- Money owed by customers. Low = customers pay quickly.
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 £289k
- Cash at bank
- —
- Now £41.1k
- Headcount
- —
- Now 0
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- JMG Realisations Ltdultimate parent75–100%
- Verex Premium Finance 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).
Sources
Latest figures from accounts for the year to 31 Dec 2022 (profit £255k), from the Companies House accounts bulk data published Jan 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.