Vitesse PSP Limited
Registered name: VITESSE PSP LIMITED
Part of Vitesse Holdings Ltd groupVitesse PSP Limited made £24.8m revenue and £647k profit in the year to 31 Mar 2024.
Vitesse PSP Limited’s revenue grew 122% to £24.8m in the year to 31 Mar 2024, with £647k profit and 141 employees. The company is classified under “financial intermediation not elsewhere classified” and is based in London; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 13 yrs · since 2013
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
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 Mar 2023 | 31 Mar 2024 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £11.2m | £24.8m |
| Cost of sales | £2.2m | £1.6m |
| Gross profit | £9m | £23.3m |
| Operating profit | −£5.8m | −£126k |
| Profit before tax | −£5.7m | £630k |
| Profit after tax | −£5.2m | £647k |
| Profit (best available) | −£5.2m | £647k |
| Staff costs | £8.7m | £13.6m |
| Employees (average) | 100 | 141 |
| Ratios | ||
| Profit margin | −46.4% | 2.6% |
| Gross margin | 80.2% | 93.8% |
| Revenue per employee | £112k | £176k |
| Profit per employee | −£52k | £4.6k |
| Growth (year on year) | ||
| Revenue growth | — | ▲121.9% |
| Headcount growth | — | ▲41% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £316m | £426m |
| Net assets | £16.2m | £17.3m |
| Fixed assets | £991k | £1.2m |
| Current assets | £319m | £431m |
| Debtors | £141k | £593k |
| Cash from operations | £295m | £108m |
| Source | Accounts · bulk data Dec 2024 | Accounts · bulk data Dec 2024 |
How the business works
- Profit margin
- 2.6%
- Profit ÷ revenue.
- Gross margin
- 93.8%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £176k
- Revenue ÷ average employees.
- Profit per employee
- £4.6k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 4.7%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 2.4%
- 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
- ▲7%
- Now £17.3m
- Cash at bank
- ▲35%
- Now £426m
- Headcount
- ▲41%
- Now 141
- Deferred income
- —
- Now —
- Fixed assets
- ▲17%
- Now £1.2m
Group structure
Ownership chain
- Vitesse Holdings Ltdultimate parent75–100%
- Vitesse PSP Limitedthis 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).
Sources
Latest figures from accounts for the year to 31 Mar 2024 (profit £647k), from the Companies House accounts bulk data published Dec 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.