Enra Specialist Finance Limited
Registered name: ENRA SPECIALIST FINANCE LIMITED
Part of Eclipse Topco Limited groupEnra Specialist Finance Limited made £905k revenue and £6.8m profit in the year to 31 Dec 2025.
Enra Specialist Finance Limited’s revenue fell 31% to £905k in the year to 31 Dec 2025, with £6.8m profit and 118 employees. The company is classified under “other business support service activities” and is based in Watford; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Watford, East of England
- 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. From the filing: “Eclipse Financing Limited”
Key figures
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.
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £327k | £829k | £1.3m | £905k |
| Cost of sales | £712k | £2.1m | £5.3m | £4.1m |
| Gross profit | −£385k | −£1.3m | −£4m | −£3.2m |
| Operating profit | −£2.3m | −£4.5m | −£10.9m | −£7.1m |
| Profit before tax | −£13.2m | £28.9m | −£8m | £6.8m |
| Profit after tax | −£13.2m | £28.9m | −£8m | £6.8m |
| Profit (best available) | −£13.2m | £28.9m | −£8m | £6.8m |
| Staff costs | £6.5m | £7.3m | £9.8m | £10.5m |
| Employees (average) | 79 | 101 | 114 | 118 |
| Ratios | ||||
| Profit margin | −4051% | 3489% | −604.4% | 748% |
| Gross margin | −117.9% | −153.8% | −300.7% | −352.2% |
| Revenue per employee | £4.1k | £8.2k | £11.5k | £7.7k |
| Profit per employee | −£167k | £286k | −£69.8k | £57.4k |
| Growth (year on year) | ||||
| Revenue growth | — | ▲153.9% | ▲58.6% | ▼31.2% |
| Profit growth | — | — | ▼127.5% | — |
| Headcount growth | — | ▲27.9% | ▲12.9% | ▲3.5% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £7.3m | £8.7m | £11.4m | — |
| Net assets | £31.3m | £60.3m | £52.3m | £59.1m |
| Fixed assets | £89.9m | £88.9m | £69.1m | £76.4m |
| Current assets | £82.3m | £157m | £214m | £149m |
| Debtors | £74.9m | £148m | £202m | £138m |
| Deferred income | £1.7m | £1.8m | £3.2m | £3.4m |
| Source | FullAccounts · bulk data Jul 2024 | FullAccounts · bulk data Jul 2024 | FullAccounts · bulk data Aug 2025 | FullAccounts · bulk data May 2026 |
How the business works
- Profit margin
- 748%
- Profit ÷ revenue.
- Gross margin
- −352.2%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £7.7k
- Revenue ÷ average employees.
- Profit per employee
- £57.4k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 8443%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 372.5%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 15289%
- 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
- ▲13%
- Now £59.1m
- Cash at bank
- —
- Now —
- Headcount
- ▲4%
- Now 118
- Deferred income
- ▲6%
- Now £3.4m
- Fixed assets
- ▲11%
- Now £76.4m
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
- Eclipse Topco Limitedultimate parent75–100%
- Eclipse Midco Limited75–100%
- Eclipse Financing Limited75–100%
- Enra Specialist Finance Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (9)
- Aria Finance LimitedFigures not disclosed
- Enra Development Bond Co LimitedFigures not disclosed
- Enra GP LimitedFigures not disclosed
- Enra Trustee LimitedFigures not disclosed
- Watford Construction LimitedFigures not disclosed
- West One Commercial Mortgages LimitedRev. — · Profit £876k
- West One Development Finance Holdings LimitedFigures not disclosed
- West One Loan LimitedRev. — · Profit £41.9m
- West One Secured Loans Holdings LimitedRev. — · Profit £5m
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £6.8m), from the Companies House accounts bulk data published May 2026. 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.