How much does Sherbet London Taxis Limited make?

Sherbet London Taxis Limited reported revenue of £10.9m and £595k profit in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does Sherbet London Taxis Limited have?

Sherbet London Taxis Limited reported an average of 45 employees in the year to 31 Dec 2023.

Is Sherbet London Taxis Limited profitable?

Yes — Sherbet London Taxis Limited reported a profit of £595k in the year to 31 Dec 2023.

Company No. 08711853 · Incorporated 30 Sep 2013

Sherbet London Taxis Limited

Registered name: SHERBET LONDON TAXIS LIMITED

Sherbet London Taxis Limited made £10.9m revenue and £595k profit in the year to 31 Dec 2023. read from filing text

Sherbet London Taxis Limited’s revenue grew 4% to £10.9m in the year to 31 Dec 2023, with £595k profit and 45 employees. The company is classified under “taxi operation” and is based in Brentford; we hold 2 years of its filed accounts.

Full P&L filedSection H · Transportation and storageSIC 49320Taxi operation

Status: Active - Proposal to Strike off
Location: Brentford, London
Age: 13 yrs · since 2013
Type: Private Limited Company

Latest accounts · year to 31 Dec 2023

Key figures

Independent

Revenue

£10.9m

Growth ▲4%

Profit

£595k

Growth ▼46.7%

Profit margin

5.5%

Gross 56.5%

Employees

Change ▲21.6%

Profit / employee

£13.2k

Revenue/employee £242k

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 Dec 2022	31 Dec 2023
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£10.5m	£10.9m
Cost of sales	£4.8m	£4.7m
Gross profit	£5.7m	£6.2m
Operating profit	£2m	£1.9m
Profit before tax	£1.1m	£540k
Profit after tax	£1.1m	£595k
Profit (best available)	£1.1m	£595k
Employees (average)	37	45
Ratios
Profit margin	10.7%	5.5%
Gross margin	53.9%	56.5%
Revenue per employee	£283k	£242k
Profit per employee	£30.2k	£13.2k
Growth (year on year)
Revenue growth	—	▲4%
Profit growth	—	▼46.7%
Headcount growth	—	▲21.6%
Balance sheet — indirect signals, not revenue
Cash at bank	£29.9k	£131k
Net assets	£2.9m	£2.9m
Fixed assets	£11.7m	£13.8m
Current assets	£1.6m	£1.5m
Debtors	£333k	£292k
Source	FullAccounts · bulk data Dec 2024	FullAccounts · bulk data Dec 2024

Derived from the latest filing

How the business works

Profit margin: 5.5%; Profit ÷ revenue.
Gross margin: 56.5%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £242k; Revenue ÷ average employees.
Profit per employee: £13.2k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 126.2%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 2.7%; 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: ▲0%; Now £2.9m
Cash at bank: ▲337%; Now £131k
Headcount: ▲22%; Now 45
Deferred income: —; Now —
Fixed assets: ▲17%; Now £13.8m

Corporate ownership

Group structure

Subsidiaries (5)

Camberfields London LimitedActive - Proposal to Strike offFigures not disclosed
Putney Bridge Taxis LimitedFigures not disclosed
Sherbet Electric Taxis LimitedActive - Proposal to Strike offFigures not disclosed
Sherbet Taxi Media LtdFigures not disclosed
Simplyrentacab.com LimitedActive - Proposal to Strike offFigures 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 FullAccounts for the year to 31 Dec 2023 (profit £595k), 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.