Fortescue Zero Limited
Registered name: FORTESCUE ZERO LIMITED
Fortescue Zero Limited made £112m revenue and a £72.6m loss in the year to 30 Jun 2024.
Fortescue Zero Limited’s revenue fell 1% to £112m in the year to 30 Jun 2024, with a loss of £72.6m and 729 employees. The company is classified under “manufacture of other parts and accessories for motor vehicles” and is based in Kidlington; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Kidlington
- Age
- 14 yrs · since 2012
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 30 Jun 2023 | 30 Jun 2024 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £113m | £112m |
| Cost of sales | −£99.9m | −£97.2m |
| Gross profit | £12.7m | £14.5m |
| Operating profit | −£20.2m | −£64.5m |
| Profit before tax | −£22.3m | −£72.6m |
| Profit after tax | −£22.3m | −£72.6m |
| Profit (best available) | −£22.3m | −£72.6m |
| Employees (average) | 510 | 729 |
| Ratios | ||
| Profit margin | −19.8% | −65% |
| Gross margin | 11.3% | 13% |
| Revenue per employee | £221k | £153k |
| Profit per employee | −£43.8k | −£99.6k |
| Growth (year on year) | ||
| Revenue growth | — | ▼0.8% |
| Headcount growth | — | ▲42.9% |
| Balance sheet — indirect signals, not revenue | ||
| Net assets | — | — |
| Source | Accounts · bulk data Jun 2025 | Accounts · bulk data Jun 2025 |
How the business works
- Profit margin
- −65%
- Profit ÷ revenue.
- Gross margin
- 13%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £153k
- Revenue ÷ average employees.
- Profit per employee
- −£99.6k
- 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
- —
- Now —
- Cash at bank
- —
- Now —
- Headcount
- ▲43%
- Now 729
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Subsidiaries (2)
- Oxford Spires Management Co; LimitedRev. £38.1k · Profit £0
- Wae Joint Ventures LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 30 Jun 2024 (profit −£72.6m), from the Companies House accounts bulk data published Jun 2025. Spotted an error? Request a correction.
Updated from Companies House on 23 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.