VB Turnbull Limited
Registered name: VB TURNBULL LIMITED
Part of Vestbrown (Newco) Limited groupVB Turnbull Limited made £1.4m revenue and £372k profit in the year to 31 Dec 2025.
VB Turnbull Limited’s revenue grew 11% to £1.4m in the year to 31 Dec 2025, with £372k profit and 6 employees. The company is classified under “development of building projects” and is based in Durham; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Durham, North East
- Age
- 15 yrs · since 2011
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £1.2m | £1.3m | £1.4m |
| Cost of sales | £718k | £532k | £945k |
| Gross profit | £467k | £730k | £451k |
| Operating profit | £215k | £604k | £168k |
| Profit before tax | £307k | £1.9m | £410k |
| Profit after tax | £290k | £1.8m | £372k |
| Profit (best available) | £290k | £1.8m | £372k |
| Employees (average) | 3 | 3 | 6 |
| Ratios | |||
| Profit margin | 24.5% | 140% | 26.7% |
| Gross margin | 39.4% | 57.8% | 32.3% |
| Revenue per employee | £395k | £421k | £233k |
| Profit per employee | £96.7k | £589k | £62k |
| Growth (year on year) | |||
| Revenue growth | — | ▲6.5% | ▲10.6% |
| Profit growth | — | ▲508.7% | ▼78.9% |
| Headcount growth | — | 0% | ▲100% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £1.7m | £812k | £178k |
| Net assets | £9.5m | £10.1m | £10.4m |
| Fixed assets | £282k | £282k | — |
| Current assets | £10.9m | £11m | £17m |
| Debtors | £13.6k | £0 | £4.8k |
| Deferred income | £47.2k | £67k | £316k |
| Source | FullAccounts · bulk data Sep 2025 | FullAccounts · bulk data Sep 2025 | FullAccounts · bulk data Sep 2026 |
How the business works
- Profit margin
- 26.7%
- Profit ÷ revenue.
- Gross margin
- 32.3%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £233k
- Revenue ÷ average employees.
- Profit per employee
- £62k
- 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
- 22.6%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 0.3%
- 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
- ▲4%
- Now £10.4m
- Cash at bank
- ▼78%
- Now £178k
- Headcount
- ▲100%
- Now 6
- Deferred income
- ▲371%
- Now £316k
- Fixed assets
- —
- Now —
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Vestbrown (Newco) Limitedultimate parent75–100%
- Vestbrown Limited75–100%
- VB Turnbull Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (10)
- Dere Street Homes LimitedFigures not disclosed
- M62 Developments LimitedFigures not disclosed
- NGL (South Charlton) LtdFigures not disclosed
- Palladian (Marton) LimitedFigures not disclosed
- Palladian (North East) LimitedFigures not disclosed
- VBT HW (Aislaby) LtdFigures not disclosed
- VBT RM LtdFigures not disclosed
- VBT Springwell LtdFigures not disclosed
- Wheatley Hill LimitedFigures not disclosed
- Wynyard Building LimitedFigures not disclosed
Sister companies (2)
- Deerness Investments LimitedFigures not disclosed
- VB (Philadelphia) LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £372k), from the Companies House accounts bulk data published Sep 2026. Spotted an error? Request a correction.
Updated from Companies House on 19 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.