Partnership SPV 1 Limited
Registered name: PARTNERSHIP SPV 1 LIMITED
Part of Wpp Plc groupPartnership SPV 1 Limited made £333m revenue and a £25.8m loss in the year to 31 Dec 2024.
Partnership SPV 1 Limited’s revenue was £333m in the year to 31 Dec 2024, with a loss of £25.8m and 5,455 employees. The company is classified under “activities of head offices” and is based in Wokingham; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Wokingham
- Age
- 11 yrs · since 2015
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 31 Dec 2023 | 31 Dec 2024 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £33.2m | £333m |
| Cost of sales | −£26.8m | −£278m |
| Gross profit | £6.3m | £55m |
| Operating profit | £2m | −£8m |
| Profit before tax | £6.4m | −£27.5m |
| Profit after tax | £6.1m | −£25.8m |
| Profit (best available) | £6.1m | −£25.8m |
| Employees (average) | 5,884 | 5,455 |
| Ratios | ||
| Profit margin | 18.3% | −7.7% |
| Gross margin | 19.1% | 16.5% |
| Revenue per employee | £5.6k | £61k |
| Profit per employee | £1k | −£4.7k |
| Balance sheet — indirect signals, not revenue | ||
| Net assets | — | — |
| Source | Accounts · bulk data Apr 2026 | Accounts · bulk data Apr 2026 |
How the business works
- Profit margin
- −7.7%
- Profit ÷ revenue.
- Gross margin
- 16.5%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £61k
- Revenue ÷ average employees.
- Profit per employee
- −£4.7k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- 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
- —
- Now —
- Cash at bank
- —
- Now —
- Headcount
- —
- Now 5,455
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Wpp Plc (registered outside the UK register)ultimate parent75–100%
- WPP Jubilee Limited75–100%
- WPP MR Overseas Media Holdings Limited75–100%
- WPP 2005 Limited75–100%
- WPP 2323 Limited75–100%
- Partnership SPV 1 Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (3)
- Advantage Smollan 2 LimitedFigures not disclosed
- Advantage Smollan 3 LimitedFigures not disclosed
- Advantage Smollan LimitedFigures not disclosed
Sister companies (5)
- WPP Atticus.Figures not disclosed
- WPP Brands Development Holdings (UK) LimitedFigures not disclosed
- WPP Fitzroy SquareFigures not disclosed
- WPP UK Germany HoldingsFigures not disclosed
- WPP US Investments LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Dec 2024 (profit −£25.8m), from the Companies House accounts bulk data published Apr 2026. Spotted an error? Request a correction.
Updated from Companies House on 24 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.