How much does Aeroserve Euro Limited make?

Aeroserve Euro Limited reported revenue of £13.7m and £7.5m profit in the year to 31 Mar 2023, according to its accounts filed at Companies House.

How many employees does Aeroserve Euro Limited have?

Aeroserve Euro Limited reported an average of 64 employees in the year to 31 Mar 2023.

Is Aeroserve Euro Limited profitable?

Yes — Aeroserve Euro Limited reported a profit of £7.5m in the year to 31 Mar 2023.

Company No. 08019442 · Incorporated 4 Apr 2012

Aeroserve Euro Limited

Registered name: AEROSERVE EURO LIMITED

Part of FTL UK Acquisition Company Limited group

Aeroserve Euro Limited made £13.7m revenue and £7.5m profit in the year to 31 Mar 2023.

Aeroserve Euro Limited’s revenue grew 47% to £13.7m in the year to 31 Mar 2023, with £7.5m profit and 64 employees. The company is classified under “washing and (dry-)cleaning of textile and fur products” and is based in Derby; we hold 2 years of its filed accounts.

Full P&L filedSection S · Other service activitiesSIC 96010Washing and (dry-)cleaning of textile and fur products

Status: Active
Location: Derby, East Midlands
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: “STAR Strategic Assets 111-A LP”

Latest accounts · year to 31 Mar 2023

Key figures

Capital-lightOperating leverageDoing more with lessBoring industry

Revenue

£13.7m

Growth ▲47.3%

Profit

£7.5m

Growth ▲99.3%

Profit margin

55.1%

Gross 69.4%

Employees

Change ▼12.3%

Profit / employee

£118k

Revenue/employee £214k

Profitable streak

2yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Mar 2022	31 Mar 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£9.3m	£13.7m
Cost of sales	£5m	£4.2m
Gross profit	£4.2m	£9.5m
Operating profit	£3.7m	£7.5m
Profit before tax	£3.7m	£7.5m
Profit after tax	£3.8m	£7.5m
Profit (best available)	£3.8m	£7.5m
Staff costs	£2.2m	£2.2m
Employees (average)	73	64
Ratios
Profit margin	40.7%	55.1%
Gross margin	45.8%	69.4%
Revenue per employee	£127k	£214k
Profit per employee	£51.7k	£118k
Growth (year on year)
Revenue growth	—	▲47.3%
Profit growth	—	▲99.3%
Headcount growth	—	▼12.3%
Balance sheet — indirect signals, not revenue
Cash at bank	£285k	£545k
Net assets	£12.1m	£19.6m
Fixed assets	£1.3m	£846k
Current assets	£12.5m	£20.7m
Debtors	£1.8m	£1.9m
Deferred income	£482k	£371k
Source	FullAccounts · bulk data May 2024	FullAccounts · bulk data May 2024

Derived from the latest filing

How the business works

Profit margin: 55.1%; Profit ÷ revenue.
Gross margin: 69.4%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £214k; Revenue ÷ average employees.
Profit per employee: £118k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 6.2%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 2.7%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 14.2%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

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: ▲62%; Now £19.6m
Cash at bank: ▲91%; Now £545k
Headcount: ▼12%; Now 64
Deferred income: ▼23%; Now £371k
Fixed assets: ▼37%; Now £846k

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

FTL UK Acquisition Company Limitedultimate parent75–100%
Stellar Mayan Limited75–100%
Aeroserve Euro Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Sister companies (3)

Synergy Health Managed Services LimitedRev. £50.7m · Profit −£85k
Aeroserve (MSP) LimitedRev. £9.4m · Profit −£7.5m
Grosvenor Contracts (London) LimitedRev. £9.3m · Profit £1.2m

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2023 (profit £7.5m), from the Companies House accounts bulk data published May 2024. 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.