Mypos Utp Group Limited
Registered name: MYPOS UTP GROUP LIMITED
Part of AI Circle UK SPV Limited groupMypos Utp Group Limited made £10.6m revenue and £689k profit in the year to 31 Dec 2023. read from filing text
Mypos Utp Group Limited’s revenue fell 14% to £10.6m in the year to 31 Dec 2023, with £689k profit and 93 employees. The company is classified under “financial intermediation not elsewhere classified” and is based in Reading; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Reading, South East
- 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 Dec 2022 | 31 Dec 2023 |
|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | ||
| Revenue (turnover) | £12.4m | £10.6m |
| Cost of sales | £6.6m | £5.2m |
| Gross profit | £5.8m | £5.5m |
| Operating profit | £1.2m | £1m |
| Profit before tax | £1.2m | £1m |
| Profit after tax | £954k | £689k |
| Profit (best available) | £954k | £689k |
| Employees (average) | 113 | 93 |
| Ratios | ||
| Profit margin | 7.7% | 6.5% |
| Gross margin | 47.1% | 51.3% |
| Revenue per employee | £110k | £114k |
| Profit per employee | £8.4k | £7.4k |
| Growth (year on year) | ||
| Revenue growth | — | ▼14.3% |
| Profit growth | — | ▼27.8% |
| Headcount growth | — | ▼17.7% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £142k | £290k |
| Net assets | £20.4m | £28m |
| Fixed assets | £11.7k | £12.8k |
| Current assets | £22.4m | £30.8m |
| Debtors | £567k | £505k |
| Deferred income | £9.8k | £17.1k |
| Source | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2024 |
How the business works
- Profit margin
- 6.5%
- Profit ÷ revenue.
- Gross margin
- 51.3%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £114k
- Revenue ÷ average employees.
- Profit per employee
- £7.4k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 0.1%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 0.2%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 4.7%
- 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
- ▲37%
- Now £28m
- Cash at bank
- ▲104%
- Now £290k
- Headcount
- ▼18%
- Now 93
- Deferred income
- ▲75%
- Now £17.1k
- Fixed assets
- ▲9%
- Now £12.8k
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
- AI Circle UK SPV Limitedultimate parent75–100%
- AI Circle Holdco Limited75–100%
- AI Circle Holdco 2 Limited75–100%
- AI Circle Midco Limited75–100%
- AI Circle Bidco Limited75–100%
- Mypos World Ltd75–100%
- Mypos Utp Group Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (3)
- CRC Collections (UK) LimitedFigures not disclosed
- Mypos Merchant Services (UK) LimitedFigures not disclosed
- Mypos Rentals LimitedFigures not disclosed
Sister companies (3)
- Faster Transaction Processing LimitedFigures not disclosed
- Mypos Partners LtdFigures not disclosed
- Mypos Payments LtdFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Dec 2023 (profit £689k), from the Companies House accounts bulk data published Sep 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.