Platinum Solutions Group Limited
Registered name: PLATINUM SOLUTIONS GROUP LIMITED
Part of Tapa Holdings Limited groupPlatinum Solutions Group Limited made £148k revenue and a £56.1k loss in the year to 30 Sep 2023.
Platinum Solutions Group Limited’s revenue fell 84% to £148k in the year to 30 Sep 2023, with a loss of £56.1k and 3 employees. The company is classified under “temporary employment agency activities” and is based in Harrow; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Harrow, London
- Age
- 11 yrs · since 2015
- 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 | 30 Sep 2022 | 30 Sep 2023 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £938k | £148k |
| Cost of sales | £707k | £97.3k |
| Gross profit | £231k | £50.6k |
| Operating profit | £9.7k | −£51.4k |
| Profit before tax | £9.7k | −£51.3k |
| Profit after tax | £7.8k | −£56.1k |
| Profit (best available) | £7.8k | −£56.1k |
| Staff costs | £153k | £30.4k |
| Employees (average) | 2 | 3 |
| Ratios | ||
| Profit margin | 0.8% | −37.9% |
| Gross margin | 24.6% | 34.2% |
| Revenue per employee | £469k | £49.3k |
| Profit per employee | £3.9k | −£18.7k |
| Cash conversion | −1315% | — |
| Growth (year on year) | ||
| Revenue growth | — | ▼84.2% |
| Profit growth | — | ▼819.1% |
| Headcount growth | — | ▲50% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £28.3k | £59.3k |
| Net assets | £42.4k | −£13.7k |
| Fixed assets | £950 | £0 |
| Current assets | £104k | £148k |
| Debtors | £59.8k | £24.4k |
| Deferred income | £4k | £3k |
| Cash from operations | −£128k | −£93.7k |
| Source | FullAccounts · bulk data Oct 2024 | FullAccounts · bulk data Oct 2024 |
How the business works
- Profit margin
- −37.9%
- Profit ÷ revenue.
- Gross margin
- 34.2%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £49.3k
- Revenue ÷ average employees.
- Profit per employee
- −£18.7k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 0%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 2%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 16.5%
- 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
- ▼132%
- Now −£13.7k
- Cash at bank
- ▲110%
- Now £59.3k
- Headcount
- ▲50%
- Now 3
- Deferred income
- ▼25%
- Now £3k
- Fixed assets
- ▼100%
- Now £0
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
- Tapa Holdings Limitedultimate parent50–75%
- Platinum Solutions Group Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (1)
- Nationwide Staffing LimitedRev. £1.3m · Profit −£77.4k
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 30 Sep 2023 (profit −£56.1k), from the Companies House accounts bulk data published Oct 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.