Source Group International Limited
Registered name: SOURCE GROUP INTERNATIONAL LIMITED
Part of Source Group International Holdings Limited groupSource Group International Limited made £26.6m revenue and £692k profit in the year to 31 Dec 2024. read from filing text
Source Group International Limited’s revenue fell 6% to £26.6m in the year to 31 Dec 2024, with £692k profit and 62 employees. The company is classified under “temporary employment agency activities” and is based in Addlestone; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Addlestone, 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: “The Company's immediate and ultimate parent undertaking is Source Group International Holdings Limited by virtue of its 100% shareholding. This company is reregistered in the UK and is considered the ”
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&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | |||
| Revenue (turnover) | £26.7m | £28.4m | £26.6m |
| Cost of sales | £20.2m | £22.1m | £21.6m |
| Gross profit | £6.5m | £6.3m | £5m |
| Operating profit | £493k | £554k | £1.1m |
| Profit before tax | £66.2k | −£936 | £796k |
| Profit after tax | £150k | −£139k | £692k |
| Profit (best available) | £150k | −£139k | £692k |
| Staff costs | £4.6m | £4.3m | £2.9m |
| Employees (average) | 76 | 69 | 62 |
| Ratios | |||
| Profit margin | 0.6% | −0.5% | 2.6% |
| Gross margin | 24.4% | 22.2% | 18.8% |
| Revenue per employee | £352k | £411k | £429k |
| Profit per employee | £2k | −£2k | £11.2k |
| Growth (year on year) | |||
| Revenue growth | — | ▲6.2% | ▼6.3% |
| Profit growth | — | ▼192.6% | — |
| Headcount growth | — | ▼9.2% | ▼10.1% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £491k | £481k | £81k |
| Net assets | £782k | £643k | £1.3m |
| Fixed assets | £116k | £95.4k | £82.9k |
| Current assets | £9.2m | £9.4m | £9.2m |
| Debtors | £3.3m | £2.6m | £2m |
| Deferred income | £2.5m | £2.2m | £2.1m |
| Source | FullAccounts · bulk data Nov 2024 | FullAccounts · bulk data Nov 2024 | FullAccounts · bulk data Dec 2025 |
How the business works
- Profit margin
- 2.6%
- Profit ÷ revenue.
- Gross margin
- 18.8%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £429k
- Revenue ÷ average employees.
- Profit per employee
- £11.2k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 0.3%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 8.1%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 7.7%
- 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
- ▲108%
- Now £1.3m
- Cash at bank
- ▼83%
- Now £81k
- Headcount
- ▼10%
- Now 62
- Deferred income
- ▼4%
- Now £2.1m
- Fixed assets
- ▼13%
- Now £82.9k
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
- Source Group International Holdings Limitedultimate parent75–100%
- Source Group International Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (1)
- Xplore Pharma LtdFigures 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 £692k), 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.