WTB UK SPV No 1 Ltd
Registered name: WTB UK SPV NO 1 LTD
Part of Tradebridge Financial Technologies Limited groupWTB UK SPV No 1 Ltd made £1.8m revenue and £318k profit in the year to 31 Mar 2025. read from filing text
WTB UK SPV No 1 Ltd’s revenue fell 33% to £1.8m in the year to 31 Mar 2025, with £318k profit and 5 employees. The company is classified under “other credit granting” and is based in London; we hold 4 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. From the filing: “The company's immediate parent is Tradebridge Financial Technologies Limited, incorporated in England and Wales.”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Mar 2022 | 31 Mar 2023 | 31 Mar 2024 | 31 Mar 2025 |
|---|---|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | ||||
| Revenue (turnover) | £2.7m | £3m | £2.7m | £1.8m |
| Cost of sales | £1.4m | £2m | £1.8m | £1.1m |
| Gross profit | £1.3m | £929k | £932k | £715k |
| Operating profit | £671k | £303k | £462k | £424k |
| Profit before tax | £671k | £300k | £462k | £424k |
| Profit after tax | £544k | £243k | £346k | £318k |
| Profit (best available) | £544k | £243k | £346k | £318k |
| Employees (average) | 3 | 3 | 4 | 5 |
| Ratios | ||||
| Profit margin | 20.4% | 8.2% | 12.7% | 17.5% |
| Gross margin | 47.6% | 31.4% | 34.1% | 39.4% |
| Revenue per employee | £890k | £985k | £683k | £364k |
| Profit per employee | £181k | £80.9k | £86.6k | £63.6k |
| Growth (year on year) | ||||
| Revenue growth | — | ▲10.7% | ▼7.6% | ▼33.4% |
| Profit growth | — | ▼55.4% | ▲42.6% | ▼8.1% |
| Headcount growth | — | 0% | ▲33.3% | ▲25% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £417k | £572k | £12.9k | £4.2k |
| Net assets | — | — | £1.3m | £1.6m |
| Current assets | — | — | £20.7m | £11.9m |
| Debtors | £37.1m | £19.7m | £19.1m | £9m |
| Deferred income | — | £220k | £248k | £57.4k |
| Source | FullAccounts · bulk data Dec 2023 | FullAccounts · bulk data Dec 2023 | FullAccounts · bulk data Aug 2024 | FullAccounts · bulk data Oct 2025 |
How the business works
- Profit margin
- 17.5%
- Profit ÷ revenue.
- Gross margin
- 39.4%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £364k
- Revenue ÷ average employees.
- Profit per employee
- £63.6k
- 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
- 3.2%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 493.9%
- 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
- ▲24%
- Now £1.6m
- Cash at bank
- ▼67%
- Now £4.2k
- Headcount
- ▲25%
- Now 5
- Deferred income
- ▼77%
- Now £57.4k
- Fixed assets
- —
- Now —
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
- Tradebridge Financial Technologies Limitedultimate parent75–100%
- WTB UK SPV No 1 Ltdthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (1)
- Tradebridge SP LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Mar 2025 (profit £318k), from the Companies House accounts bulk data published Oct 2025. 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.