Voneus Limited
Registered name: VONEUS LIMITED
Part of Macquarie Asset Holdings Limited groupVoneus Limited made a £32.6m loss in the year to 31 Mar 2025 (revenue not disclosed).
Voneus Limited reported a loss of £32.6m in the year to 31 Mar 2025; its revenue was not disclosed. It had 274 employees. The company is classified under “manufacture of telegraph and telephone apparatus and equipment” and is based in London; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 14 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
This company published its profit but not its turnover, so revenue and margins are not disclosed. We never estimate them.
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Mar 2022 | 31 Mar 2023 | 31 Mar 2024 | 31 Mar 2025 |
|---|---|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text | Profit only | Profit only |
| Profit & loss | ||||
| Revenue (turnover) | £2.7m | £3.3m | — | — |
| Cost of sales | £1.3m | £2.4m | £3.6m | £5.5m |
| Gross profit | £1.4m | £943k | — | — |
| Operating profit | −£8.5m | −£12.9m | — | — |
| Profit before tax | −£9.1m | −£14.5m | −£36.7m | −£38m |
| Profit after tax | −£8.8m | −£14.5m | −£42m | −£32.6m |
| Profit (best available) | −£8.8m | −£14.5m | −£42m | −£32.6m |
| Staff costs | £6.8m | £9.6m | £16.5m | £19.4m |
| Employees (average) | 121 | 156 | 232 | 274 |
| Ratios | ||||
| Profit margin | −324.3% | −439.4% | — | — |
| Gross margin | 51.3% | 28.6% | — | — |
| Revenue per employee | £22.5k | £21.1k | — | — |
| Profit per employee | −£72.9k | −£92.8k | −£181k | −£119k |
| Growth (year on year) | ||||
| Revenue growth | — | ▲21.1% | — | — |
| Headcount growth | — | ▲28.9% | ▲48.7% | ▲18.1% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £6.1m | £7.4m | £9.9m | £4.4m |
| Net assets | £9.8m | £23.3m | £88.1m | £136m |
| Fixed assets | £20.8m | £53.6m | £153m | £209m |
| Current assets | £7.4m | £15.7m | £19.1m | £10.9m |
| Debtors | £57.5k | £76.9k | £121k | £188k |
| Deferred income | £2.3m | £3.9m | £8.2m | £10.1m |
| Cash from operations | £5.2m | — | — | — |
| Source | FullAccounts · bulk data Jan 2024 | FullAccounts · bulk data Jan 2024 | FullAccounts · bulk data May 2025 | FullAccounts · bulk data Jan 2026 |
How the business works
- Profit margin
- —
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- —
- Revenue ÷ average employees.
- Profit per employee
- −£119k
- 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
- —
- 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
- ▲55%
- Now £136m
- Cash at bank
- ▼55%
- Now £4.4m
- Headcount
- ▲18%
- Now 274
- Deferred income
- ▲24%
- Now £10.1m
- Fixed assets
- ▲37%
- Now £209m
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
- Macquarie Asset Holdings Limitedultimate parent50–75%
- Voneus Investment Holdings Limited50–75%
- Voneus Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (3)
- Cadence Networks LtdFigures not disclosed
- Monmouthshire Broadband LimitedFigures not disclosed
- Secure Web Services LimitedFigures not disclosed
Minority corporate shareholders
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 31 Mar 2025 (profit −£32.6m), from the Companies House accounts bulk data published Jan 2026. 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.