Vespace International Limited
Registered name: VESPACE INTERNATIONAL LIMITED
Part of Tvi Group Limited groupVespace International Limited made £16.1m revenue and £574k profit in the year to 31 Mar 2025.
Vespace International Limited’s revenue grew 12% to £16.1m in the year to 31 Mar 2025, with £574k profit and 76 employees. The company is classified under “letting and operating of conference and exhibition centres” and is based in Swindon; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Swindon, South West
- Age
- 11 yrs · since 2015
- Type
- Private Limited Company
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: “TVI Group Limited”
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 | No P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | — | £12.8m | £14.3m | £16.1m |
| Cost of sales | — | £10.1m | £10.3m | £12.4m |
| Gross profit | — | £2.7m | £4m | £3.7m |
| Profit before tax | — | £722k | £720k | £531k |
| Profit after tax | — | £579k | £587k | £574k |
| Profit (best available) | — | £579k | £587k | £574k |
| Staff costs | — | £1.7m | £2.5m | £3.2m |
| Employees (average) | 34 | 47 | 69 | 76 |
| Ratios | ||||
| Profit margin | — | 4.5% | 4.1% | 3.6% |
| Gross margin | — | 21.2% | 28.1% | 23.2% |
| Revenue per employee | — | £273k | £208k | £212k |
| Profit per employee | — | £12.3k | £8.5k | £7.5k |
| Growth (year on year) | ||||
| Revenue growth | — | — | ▲11.9% | ▲12.3% |
| Profit growth | — | — | ▲1.4% | ▼2.3% |
| Headcount growth | — | ▲38.2% | ▲46.8% | ▲10.1% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £1.3m | £473k | £1.3m | £1.5m |
| Net assets | £396k | £775k | £958k | £1.5m |
| Fixed assets | £948k | £1m | £1.8m | £5m |
| Current assets | £3.4m | £4.4m | £3.4m | £7.6m |
| Debtors | £949k | £2.4m | £1.6m | £2.2m |
| Deferred income | — | £1.3m | £1.3m | £5.6m |
| Source | FullAccounts · bulk data Nov 2023 | FullAccounts · bulk data Nov 2023 | FullAccounts · bulk data Oct 2024 | FullAccounts · bulk data Dec 2025 |
How the business works
- Profit margin
- 3.6%
- Profit ÷ revenue.
- Gross margin
- 23.2%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £212k
- Revenue ÷ average employees.
- Profit per employee
- £7.5k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 31.2%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 34.7%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 13.7%
- 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
- ▲60%
- Now £1.5m
- Cash at bank
- ▲15%
- Now £1.5m
- Headcount
- ▲10%
- Now 76
- Deferred income
- ▲336%
- Now £5.6m
- Fixed assets
- ▲175%
- Now £5m
Group structure
Ownership chain
- Tvi Group Limitedultimate parent50–75%
- Vespace International Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (8)
- Absolute Corporate Events LimitedFigures not disclosed
- Chilled Agency LimitedFigures not disclosed
- Chilled Events LimitedFigures not disclosed
- Class Events LimitedFigures not disclosed
- K&N Travel Associates LimitedFigures not disclosed
- Media Mirror LimitedFigures not disclosed
- Noble Events LimitedIn Administration/Administrative ReceiverFigures not disclosed
- We Love This LimitedFigures not disclosed
Sister companies (9)
- Class Events LimitedFigures not disclosed
- Greengage Business Solutions LtdFigures not disclosed
- Norvic Aero Engines LimitedFigures not disclosed
- Real Engineering (Yorkshire) LimitedFigures not disclosed
- Safe Shield Software LimitedFigures not disclosed
- Tvi Compliance LimitedFigures not disclosed
- Tvi Distribution LtdFigures not disclosed
- Tvi Investors Club LimitedFigures not disclosed
- Tvi Manufacturing LtdFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 31 Mar 2025 (profit £574k), from the Companies House accounts bulk data published Dec 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.