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Company No. 10286957 · Incorporated 19 Jul 2016

GCP Programme Funding 1 Limited

Registered name: GCP PROGRAMME FUNDING 1 LIMITED

Part of Mourant Corporate Trustee (Jersey) Limited group

GCP Programme Funding 1 Limited made £18.3m revenue and a £26.8m loss in the year to 31 Mar 2024.

GCP Programme Funding 1 Limited’s revenue grew 26% to £18.3m in the year to 31 Mar 2024, with a loss of £26.8m and 0 employees. The company is classified under “other business support service activities” and is based in London; we hold 3 years of its filed accounts.

Full P&L filedSection N · Administrative and support servicesSIC 82990Other business support service activities n.e.c.
Status
Active
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. From the filing: “GCP Intermediary Holdings Limited”

Latest accounts · year to 31 Mar 2024

Key figures

Small team
Revenue
£18.3m
Growth ▲26.3%
Profit
−£26.8m
Growth —
Profit margin
−147%
Gross −0.8%
Employees
0
Change —
Profit / employee
—
 
Profitable streak
0yrs
Consecutive profitable years in our data

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

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to31 Mar 202231 Mar 202331 Mar 2024
DisclosureFull P&LFull P&LFull P&L
Profit & loss
Revenue (turnover)£11m£14.4m£18.3m
Cost of sales£10.6m£14.9m£18.4m
Gross profit£385k−£420k−£149k
Operating profit£6.1m−£638k−£26.8m
Profit before tax£6.1m−£638k−£26.8m
Profit after tax£6.1m−£638k−£26.8m
Profit (best available)£6.1m−£638k−£26.8m
Employees (average)000
Ratios
Profit margin55.9%−4.4%−147%
Gross margin3.5%−2.9%−0.8%
Growth (year on year)
Revenue growth—▲31.5%▲26.3%
Profit growth—▼110.4%—
Balance sheet — indirect signals, not revenue
Cash at bank£731k£1.1m£540k
Net assets−£1.6m−£2.3m−£29.1m
Current assets£193m£206m£191m
Debtors£18k£5k£5k
Deferred income£390k£14k£14k
SourceAccounts · bulk data Mar 2024Accounts · bulk data Mar 2024FullAccounts · bulk data Dec 2025
Derived from the latest filing

How the business works

Profit margin
−147%
Profit ÷ revenue.
Gross margin
−0.8%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
—
Revenue ÷ average employees.
Profit per employee
—
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
0.1%
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
0%
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 −£29.1m
Cash at bank
▼50%
Now £540k
Headcount
—
Now 0
Deferred income
0%
Now £14k
Fixed assets
—
Now —

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. Mourant Corporate Trustee (Jersey) Limitedultimate parent75–100%
  2. GCP Intermediary Holdings Limited75–100%
  3. GCP Programme Funding 1 Limitedthis company

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

Subsidiaries (1)

Sister companies (24)

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

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2024 (profit −£26.8m), 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.