How many employees does FTGS Holdco Limited have?

FTGS Holdco Limited reported an average of 3 employees in the year to 31 Dec 2022.

Company No. 10183868 · Incorporated 17 May 2016

FTGS Holdco Limited

Q: Is FTGS Holdco Limited profitable?

No — FTGS Holdco Limited reported a loss of £5.2m in the year to 31 Dec 2022.

Registered name: FTGS HOLDCO LIMITED

FTGS Holdco Limited made a £5.2m loss in the year to 31 Dec 2022 (revenue not disclosed).

FTGS Holdco Limited reported a loss of £5.2m in the year to 31 Dec 2022; its revenue was not disclosed. It had 3 employees. The company is classified under “market research and public opinion polling” and is based in London; we hold 2 years of its filed accounts.

Profit onlySection M · Professional, scientific and technical activitiesSIC 73200Market research and public opinion polling

Status: Liquidation
Location: London, London
Age: 10 yrs · since 2016
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.

Latest accounts · year to 31 Dec 2022

Key figures

Small team

Revenue

—

Not disclosed in filing

Profit

−£5.2m

Growth ▼1067%

Profit margin

—

Employees

Change 0%

Profit / employee

−£1.7m

Profitable streak

0yrs

Consecutive profitable years in our data

This company published its profit but not its turnover, so revenue and margins are not disclosed. We never estimate them.

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 to	31 Dec 2021	31 Dec 2022
Disclosure	Profit only	Profit only
Profit & loss
Revenue (turnover)	—	—
Profit after tax	£540k	−£5.2m
Profit (best available)	£540k	−£5.2m
Employees (average)	3	3
Ratios
Profit margin	—	—
Profit per employee	£180k	−£1.7m
Growth (year on year)
Profit growth	—	▼1067%
Headcount growth	—	0%
Balance sheet — indirect signals, not revenue
Cash at bank	£0	£370k
Net assets	−£25m	−£30.3m
Fixed assets	£15.6m	£15m
Current assets	£1.5m	£375k
Debtors	£0	£0
Deferred income	£882k	£312k
Source	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2023

Derived from the latest filing

How the business works

Profit margin: —; Profit ÷ revenue.
Gross margin: —; Gross profit ÷ revenue. High for software and services.
Revenue per employee: —; Revenue ÷ average employees.
Profit per employee: −£1.7m; 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.

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 −£30.3m
Cash at bank: —; Now £370k
Headcount: 0%; Now 3
Deferred income: ▼65%; Now £312k
Fixed assets: ▼4%; Now £15m

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

Beechbrook Capital LLPultimate parent75–100%
Beechbrook Mezzanine II General Partner Limited50–75%
FTGS Holdco Limitedthis company

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

Subsidiaries (1)

Oft 2 LimitedLiquidationFigures not disclosed

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

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2022 (profit −£5.2m), from the Companies House accounts bulk data published Dec 2023. 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.