How much does Otto Car Limited make?

Otto Car Limited reported revenue of £51.2m and £2.8m profit in the year to 31 Mar 2024, according to its accounts filed at Companies House.

How many employees does Otto Car Limited have?

Otto Car Limited reported an average of 77 employees in the year to 31 Mar 2024.

Is Otto Car Limited profitable?

Yes — Otto Car Limited reported a profit of £2.8m in the year to 31 Mar 2024.

Company No. 08479726 · Incorporated 9 Apr 2013

Otto Car Limited

Registered name: OTTO CAR LIMITED

Part of Otto Group Holdings Limited group

Otto Car Limited made £51.2m revenue and £2.8m profit in the year to 31 Mar 2024.

Otto Car Limited’s revenue grew 17% to £51.2m in the year to 31 Mar 2024, with £2.8m profit and 77 employees. The company is classified under “business and domestic software development” and is based in London; we hold 3 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 62012Business and domestic software development SIC 77110Renting and leasing of cars and light motor vehicles

Status: Active
Location: London, London
Age: 13 yrs · since 2013
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.

Latest accounts · year to 31 Mar 2024

Key figures

Revenue

£51.2m

Growth ▲17.3%

Profit

£2.8m

Growth ▼12.2%

Profit margin

5.4%

Gross 27.1%

Employees

Change ▲10%

Profit / employee

£35.9k

Revenue/employee £665k

Profitable streak

3yrs

Consecutive profitable years in our data

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

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Mar 2022	31 Mar 2023	31 Mar 2024
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£30.5m	£43.7m	£51.2m
Cost of sales	£19.8m	£31.9m	£37.4m
Gross profit	£10.7m	£11.8m	£13.9m
Operating profit	£7.2m	£6.6m	£7.2m
Profit before tax	£5.6m	£3.8m	£3.6m
Profit after tax	£3.8m	£3.1m	£2.8m
Profit (best available)	£3.8m	£3.1m	£2.8m
Staff costs	£2.2m	£2.7m	£3.2m
Employees (average)	65	70	77
Ratios
Profit margin	12.5%	7.2%	5.4%
Gross margin	35%	26.9%	27.1%
Revenue per employee	£470k	£624k	£665k
Profit per employee	£58.5k	£45k	£35.9k
Growth (year on year)
Revenue growth	—	▲43.1%	▲17.3%
Profit growth	—	▼17.2%	▼12.2%
Headcount growth	—	▲7.7%	▲10%
Balance sheet — indirect signals, not revenue
Cash at bank	£10.3m	£9.4m	£12.2m
Net assets	£9.6m	£12.7m	£15.4m
Fixed assets	£46.7m	£59.3m	£66.1m
Current assets	£11.3m	£16.3m	£22m
Debtors	£233k	£2.2m	£2.8m
Deferred income	£76.8k	£735k	£372k
Source	FullAccounts · bulk data Mar 2024	FullAccounts · bulk data Mar 2024	Accounts · bulk data Dec 2024

Derived from the latest filing

How the business works

Profit margin: 5.4%; Profit ÷ revenue.
Gross margin: 27.1%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £665k; Revenue ÷ average employees.
Profit per employee: £35.9k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 129.1%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0.7%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 5.4%; 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: ▲21%; Now £15.4m
Cash at bank: ▲30%; Now £12.2m
Headcount: ▲10%; Now 77
Deferred income: ▼49%; Now £372k
Fixed assets: ▲12%; Now £66.1m

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

Otto Group Holdings Limitedultimate parent75–100%
Otto Car Limitedthis company

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

Sister companies (3)

Otto Car Services LimitedFigures not disclosed
Otto Car SPV 1 LtdFigures not disclosed
Otto SPV 2 LimitedFigures not disclosed

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

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Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Mar 2024 (profit £2.8m), from the Companies House accounts bulk data published Dec 2024. Spotted an error? Request a correction.

Updated from Companies House on 12 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.