Azets Audit Services Limited
Registered name: AZETS AUDIT SERVICES LIMITED
Azets Audit Services Limited made £96.6m revenue and £15.5k profit in the year to 30 Jun 2025. read from filing text
Azets Audit Services Limited’s revenue grew 16% to £96.6m in the year to 30 Jun 2025, with £15.5k profit and 3 employees. The company is classified under “accounting and auditing activities” and is based in London; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- London, 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. From the filing: “As at the year-end, the company's Ordinary A shares represent 24% of the equity and the company's Ordinary B shares represent 76% of the equity. Azets Holdings Limited, a company registered in England”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Jun 2022 | 30 Jun 2023 | 30 Jun 2024 | 30 Jun 2025 |
|---|---|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | ||||
| Revenue (turnover) | £47.7m | £62.9m | £83.4m | £96.6m |
| Cost of sales | £47.5m | £62.7m | £83.2m | £96.4m |
| Gross profit | £200k | £200k | £200k | £200k |
| Operating profit | £98k | £23.1k | £30.5k | £21.7k |
| Profit before tax | £98k | £25.8k | £34.1k | £25.6k |
| Profit after tax | £79.5k | £18.7k | £25.7k | £15.5k |
| Profit (best available) | £79.5k | £18.7k | £25.7k | £15.5k |
| Employees (average) | 2 | 2 | 2 | 3 |
| Ratios | ||||
| Profit margin | 0.2% | 0% | 0% | 0% |
| Gross margin | 0.4% | 0.3% | 0.2% | 0.2% |
| Revenue per employee | £23.9m | £31.5m | £41.7m | £32.2m |
| Profit per employee | £39.7k | £9.3k | £12.8k | £5.2k |
| Cash conversion | −492.6% | −2159% | 1202% | 6318% |
| Growth (year on year) | ||||
| Revenue growth | — | ▲31.9% | ▲32.6% | ▲15.8% |
| Profit growth | — | ▼76.5% | ▲37.6% | ▼39.7% |
| Headcount growth | — | 0% | 0% | ▲50% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £1.4m | £1.9m | £1.5m | £115k |
| Net assets | £214k | £233k | £258k | £274k |
| Current assets | £14.3m | £16.5m | £20.6m | £25.1m |
| Debtors | £9.6m | £12m | £14.4m | £16.3m |
| Deferred income | £1.7m | £1.7m | £877k | £3.9m |
| Cash from operations | −£483k | −£498k | £367k | £1.4m |
| Source | FullAccounts · bulk data Feb 2024 | FullAccounts · bulk data Feb 2024 | FullAccounts · bulk data Mar 2025 | FullAccounts · bulk data Mar 2026 |
How the business works
- Profit margin
- 0%
- Profit ÷ revenue.
- Gross margin
- 0.2%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £32.2m
- Revenue ÷ average employees.
- Profit per employee
- £5.2k
- Profit ÷ average employees.
- Cash conversion
- 6318%
- 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
- 4.1%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 16.9%
- 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
- ▲6%
- Now £274k
- Cash at bank
- ▼92%
- Now £115k
- Headcount
- ▲50%
- Now 3
- Deferred income
- ▲348%
- Now £3.9m
- Fixed assets
- —
- Now —
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- Profit
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- Profit
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- Profit
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Sources
Latest figures from FullAccounts for the year to 30 Jun 2025 (profit £15.5k), from the Companies House accounts bulk data published Mar 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.