Passenger Plus Ltd
Registered name: PASSENGER PLUS LTD
Part of Ashford Minibuses Limited groupPassenger Plus Ltd made £4.9m revenue and a £74k loss in the year to 31 Mar 2025. read from filing text
Passenger Plus Ltd’s revenue fell 16% to £4.9m in the year to 31 Mar 2025, with a loss of £74k and 56 employees. The company is classified under “other urban, suburban or metropolitan passenger land transport (not underground, metro or similar)” and is based in Ashford; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Ashford, South East
- Age
- 14 yrs · since 2012
- 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. From the filing: “The ultimate parent company is AMB Group Holdings Limited, the company's registered office is The Coach Station, Malcolm Sargent Road, Ashford, England, TN23 6JW. The company is included in the group ”
Key figures
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 | No P&L | No P&L | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | ||||
| Revenue (turnover) | — | — | £5.8m | £4.9m |
| Cost of sales | — | — | £4m | £3.6m |
| Gross profit | — | — | £1.8m | £1.3m |
| Operating profit | — | — | £383k | £468k |
| Profit before tax | — | — | £140k | £97.1k |
| Profit after tax | — | — | −£203k | −£74k |
| Profit (best available) | — | — | −£203k | −£74k |
| Staff costs | — | — | £2.8m | £2.5m |
| Employees (average) | 70 | 80 | 62 | 56 |
| Ratios | ||||
| Profit margin | — | — | −3.5% | −1.5% |
| Gross margin | — | — | 30.6% | 26% |
| Revenue per employee | — | — | £94k | £87.3k |
| Profit per employee | — | — | −£3.3k | −£1.3k |
| Cash conversion | — | — | −492.9% | −149% |
| Growth (year on year) | ||||
| Revenue growth | — | — | — | ▼16.2% |
| Headcount growth | — | ▲14.3% | ▼22.5% | ▼9.7% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £184k | £395k | £652k | £603k |
| Net assets | £1.9m | £2m | £2.5m | £1.9m |
| Fixed assets | £4.1m | £4.1m | £5.6m | £6m |
| Current assets | £1.3m | £1.3m | £1.7m | £1.3m |
| Debtors | £854k | £377k | £970k | £651k |
| Deferred income | — | — | £6.1k | £6.7k |
| Cash from operations | — | — | −£1.9m | −£697k |
| Source | FullAccounts · bulk data Dec 2023 | FullAccounts · bulk data Dec 2023 | FullAccounts · bulk data Mar 2025 | FullAccounts · bulk data Apr 2026 |
How the business works
- Profit margin
- −1.5%
- Profit ÷ revenue.
- Gross margin
- 26%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £87.3k
- Revenue ÷ average employees.
- Profit per employee
- −£1.3k
- Profit ÷ average employees.
- Cash conversion
- −149%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 121.8%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 0.1%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 13.3%
- 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
- ▼23%
- Now £1.9m
- Cash at bank
- ▼8%
- Now £603k
- Headcount
- ▼10%
- Now 56
- Deferred income
- ▲10%
- Now £6.7k
- Fixed assets
- ▲7%
- Now £6m
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
- Ashford Minibuses Limitedultimate parent50–75%
- Passenger Plus Ltdthis 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).
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Sources
Latest figures from FullAccounts for the year to 31 Mar 2025 (profit −£74k), from the Companies House accounts bulk data published Apr 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.