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Company No. 09979866 · Incorporated 1 Feb 2016

Northern Taxis Limited

Registered name: NORTHERN TAXIS LIMITED

Part of MML Partnership Capital VIII Holdco 1 Ltd group

Northern Taxis Limited made £25.7m revenue and £2.2m profit in the year to 30 Sep 2023. read from filing text

Northern Taxis Limited’s revenue was £25.7m in the year to 30 Sep 2023, with £2.2m profit and 78 employees. The company is classified under “taxi operation” and is based in Cardiff; we hold 2 years of its filed accounts.

Full P&L filedSection H · Transportation and storageSIC 49320Taxi operation
Status
Active
Location
Cardiff, Wales
Age
10 yrs · since 2016
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.

Latest accounts · year to 30 Sep 2023

Key figures

Revenue
£25.7m
Growth —
Profit
£2.2m
Growth —
Profit margin
8.5%
Gross 36.4%
Employees
78
Change —
Profit / employee
£28.1k
Revenue/employee £330k
Profitable streak
2yrs
Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to31 Mar 202230 Sep 2023
DisclosureFull P&Lread from filing textFull P&Lread from filing text
Profit & loss
Revenue (turnover)£13.6m£25.7m
Cost of sales£8.5m£16.4m
Gross profit£5.2m£9.4m
Operating profit£2.4m£2.9m
Profit before tax£2.2m£2.9m
Profit after tax£1.9m£2.2m
Profit (best available)£1.9m£2.2m
Staff costs£2.3m£4m
Employees (average)8678
Ratios
Profit margin14%8.5%
Gross margin38%36.4%
Revenue per employee£158k£330k
Profit per employee£22.2k£28.1k
Balance sheet — indirect signals, not revenue
Cash at bank£1.7m£1.7m
Net assets£8.5m£10.7m
Fixed assets£441k£4.4m
Current assets£10.6m£13.2m
Debtors£903k£1.4m
Deferred income£109k£2m
SourceFullAccounts · bulk data Sep 2024FullAccounts · bulk data Sep 2024
Derived from the latest filing

How the business works

Profit margin
8.5%
Profit ÷ revenue.
Gross margin
36.4%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£330k
Revenue ÷ average employees.
Profit per employee
£28.1k
Profit ÷ average employees.
Cash conversion
—
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
17%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
8%
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
5.6%
Money owed by customers. Low = customers pay quickly.
Indirect — not revenue

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 £10.7m
Cash at bank
—
Now £1.7m
Headcount
—
Now 78
Deferred income
—
Now £2m
Fixed assets
—
Now £4.4m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

  1. MML Partnership Capital VIII Holdco 1 Ltdultimate parent50–75%
  2. MML Cosmos Investco Limited25–50%
  3. V Topco Limited75–100%
  4. V Midco Limited75–100%
  5. V Holdco Limited75–100%
  6. V Bidco Limited75–100%
  7. Veezu Group Limited75–100%
  8. Veezu Holdings Limited75–100%
  9. City Taxis Holdings Limited75–100%
  10. Steel City Holdings Limited75–100%
  11. Northern Taxis Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Sister companies (1)

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Latest figures from FullAccounts for the year to 30 Sep 2023 (profit £2.2m), from the Companies House accounts bulk data published Sep 2024. 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.