How much does Powerverse Development Limited make?

Powerverse Development Limited reported revenue of £784k and £9.6m profit in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Powerverse Development Limited have?

Powerverse Development Limited reported an average of 30 employees in the year to 31 Dec 2024.

Is Powerverse Development Limited profitable?

Yes — Powerverse Development Limited reported a profit of £9.6m in the year to 31 Dec 2024.

Company No. 08760287 · Incorporated 4 Nov 2013

Powerverse Development Limited

Registered name: POWERVERSE DEVELOPMENT LIMITED

Part of Powerverse Investments Limited group

Powerverse Development Limited made £784k revenue and £9.6m profit in the year to 31 Dec 2024.

Powerverse Development Limited’s revenue grew 197% to £784k in the year to 31 Dec 2024, with £9.6m profit and 30 employees. The company is classified under “production of electricity” and is based in London; we hold 2 years of its filed accounts.

Full P&L filedSection D · Electricity, gas, steam and air conditioning supplySIC 35110Production of electricity

Status: Active
Location: London, London
Age: 12 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.

Latest accounts · year to 31 Dec 2024

Key figures

Capital-light

Revenue

£784k

Growth ▲196.9%

Profit

£9.6m

Growth —

Profit margin

1221%

Gross −170.4%

Employees

Change ▲172.7%

Profit / employee

£319k

Revenue/employee £26.1k

Profitable streak

1yr

Consecutive profitable years in our data

Unusual figures. Profit is higher than revenue in this filing. That usually means investment income, dividends from subsidiaries or one-off gains — or a mis-tagged figure. Check the original filing before drawing conclusions.

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 2023	31 Dec 2024
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£264k	£784k
Cost of sales	£2.4m	£2.1m
Gross profit	−£2.2m	−£1.3m
Operating profit	−£6.7m	£9.6m
Profit before tax	−£6.7m	£9.6m
Profit after tax	−£6.7m	£9.6m
Profit (best available)	−£6.7m	£9.6m
Employees (average)	11	30
Ratios
Profit margin	−2534%	1221%
Gross margin	−827%	−170.4%
Revenue per employee	£24k	£26.1k
Profit per employee	−£608k	£319k
Growth (year on year)
Revenue growth	—	▲196.9%
Headcount growth	—	▲172.7%
Balance sheet — indirect signals, not revenue
Cash at bank	£535k	£424k
Net assets	−£11.9m	−£2.4m
Fixed assets	£11.6k	£31.4k
Current assets	£4.5m	£1.3m
Debtors	£4m	£830k
Deferred income	£4.9m	£2m
Source	FullAccounts · bulk data Sep 2025	FullAccounts · bulk data Sep 2025

Derived from the latest filing

How the business works

Profit margin: 1221%; Profit ÷ revenue.
Gross margin: −170.4%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £26.1k; Revenue ÷ average employees.
Profit per employee: £319k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 4%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 257.6%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 105.9%; 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: —; Now −£2.4m
Cash at bank: ▼21%; Now £424k
Headcount: ▲173%; Now 30
Deferred income: ▼58%; Now £2m
Fixed assets: ▲171%; Now £31.4k

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

Powerverse Investments Limitedultimate parent75–100%
Powerverse Development Limitedthis company

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

Sister companies (1)

Powerverse UK LimitedRev. £448k · Profit −£228k

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

Same industry, similar size

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2024 (profit £9.6m), from the Companies House accounts bulk data published Sep 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.