Privilege Development Finance Limited
Registered name: PRIVILEGE DEVELOPMENT FINANCE LIMITED
Part of Eco V Limited groupPrivilege Development Finance Limited made £4.5m revenue and a £3.4m loss in the year to 31 Dec 2023.
Privilege Development Finance Limited’s revenue grew 14% to £4.5m in the year to 31 Dec 2023, with a loss of £3.4m and 2 employees. The company is classified under “credit granting by non-deposit taking finance houses and other specialist consumer credit grantors” and is based in Ely; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Ely
- Age
- 8 yrs · since 2018
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £3.9m | £4.5m |
| Cost of sales | −£2.8m | −£3.1m |
| Gross profit | £1.1m | £1.3m |
| Operating profit | £985k | −£3.4m |
| Profit before tax | £985k | −£3.4m |
| Profit after tax | £833k | −£3.4m |
| Profit (best available) | £833k | −£3.4m |
| Employees (average) | 2 | 2 |
| Ratios | ||
| Profit margin | 21.2% | −77% |
| Gross margin | 29% | 29.6% |
| Revenue per employee | £2m | £2.2m |
| Profit per employee | £417k | −£1.7m |
| Growth (year on year) | ||
| Revenue growth | — | ▲13.7% |
| Profit growth | — | ▼512.2% |
| Headcount growth | — | 0% |
| Balance sheet — indirect signals, not revenue | ||
| Net assets | — | — |
| Source | Accounts · bulk data Jul 2024 | Accounts · bulk data Jul 2024 |
How the business works
- Profit margin
- −77%
- Profit ÷ revenue.
- Gross margin
- 29.6%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £2.2m
- 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.
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 —
- Cash at bank
- —
- Now —
- Headcount
- 0%
- Now 2
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Eco V Limitedultimate parent75–100%
- Privilege Development Finance Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (7)
- Eco Verde Energy LimitedRev. £4.5m · Profit £48k
- Eco Verde Services LimitedRev. £3.8m · Profit −£949k
- Eco Verde Property LimitedRev. £152k · Profit −£1k
- Eco V Investments LimitedRev. £0 · Profit £0
- Privilege Eco Finance LimitedActive - Proposal to Strike offFigures not disclosed
- Privilege Project Finance 2 LimitedFigures not disclosed
- Privilege Renewable Finance 2 LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Dec 2023 (profit −£3.4m), from the Companies House accounts bulk data published Jul 2024. Spotted an error? Request a correction.
Updated from Companies House on 18 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.