Ace Union Limited
Registered name: ACE UNION LIMITED
Part of Ace Money Transfer Limited groupAce Union Limited made £5.6k revenue and a £283k loss in the year to 31 Dec 2024. read from filing text
Ace Union Limited’s revenue grew 193% to £5.6k in the year to 31 Dec 2024, with a loss of £283k and 2 employees. The company is classified under “financial intermediation not elsewhere classified” and is based in Manchester; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Manchester, North West
- 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 | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&Lread from filing text |
| Profit & loss | |||
| Revenue (turnover) | £0 | £1.9k | £5.6k |
| Cost of sales | £4.6k | £35.9k | £53.5k |
| Gross profit | −£4.6k | −£34k | −£47.9k |
| Profit before tax | −£105k | −£195k | −£283k |
| Profit after tax | −£105k | −£195k | −£283k |
| Profit (best available) | −£105k | −£195k | −£283k |
| Employees (average) | 2 | 2 | 2 |
| Ratios | |||
| Profit margin | — | −10284% | −5082% |
| Gross margin | — | −1791% | −860.4% |
| Revenue per employee | £0 | £949 | £2.8k |
| Profit per employee | −£52.6k | −£97.6k | −£142k |
| Growth (year on year) | |||
| Revenue growth | — | — | ▲193.5% |
| Headcount growth | — | — | 0% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £229k | £393k | £431k |
| Net assets | £790k | £595k | £312k |
| Fixed assets | £0 | £248 | £155 |
| Current assets | £862k | £761k | £561k |
| Debtors | £633k | £368k | £130k |
| Deferred income | £14k | £40.2k | £50.1k |
| Source | FullAccounts · bulk data Dec 2024 | FullAccounts · bulk data Dec 2024 | FullAccounts · bulk data Sep 2025 |
How the business works
- Profit margin
- −5082%
- Profit ÷ revenue.
- Gross margin
- −860.4%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £2.8k
- Revenue ÷ average employees.
- Profit per employee
- −£142k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 2.8%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 898.7%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 2331%
- 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
- ▼48%
- Now £312k
- Cash at bank
- ▲10%
- Now £431k
- Headcount
- 0%
- Now 2
- Deferred income
- ▲25%
- Now £50.1k
- Fixed assets
- ▼38%
- Now £155
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
- Ace Money Transfer Limitedultimate parent75–100%
- Ace Union Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (1)
- Ace Propvest Holdings LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Dec 2024 (profit −£283k), 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.