Artic Holdings Limited
Registered name: ARTIC HOLDINGS LIMITED
Part of Synova GP V LLP groupArtic Holdings Limited made £39.9m revenue and £343k profit in the year to 30 Jun 2023.
Artic Holdings Limited’s revenue grew 35% to £39.9m in the year to 30 Jun 2023, with £343k profit and 207 employees. The company is classified under “activities of other holding companies” and is based in London; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 8 yrs · since 2018
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Jun 2022 | 30 Jun 2023 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £29.5m | £39.9m |
| Cost of sales | £24.5m | £32.9m |
| Gross profit | £4.9m | £7m |
| Operating profit | £1.9m | £2.9m |
| Profit before tax | £1.8m | £2.8m |
| Profit after tax | £2m | £343k |
| Profit (best available) | £2m | £343k |
| Staff costs | £9.2m | £11.4m |
| Employees (average) | 182 | 207 |
| Ratios | ||
| Profit margin | 6.8% | 0.9% |
| Gross margin | 16.7% | 17.5% |
| Revenue per employee | £162k | £193k |
| Profit per employee | £11k | £1.7k |
| Cash conversion | 90.5% | 119.7% |
| Growth (year on year) | ||
| Revenue growth | — | ▲35.4% |
| Profit growth | — | ▼82.8% |
| Headcount growth | — | ▲13.7% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £103 | £70 |
| Net assets | £9.9m | £9.9m |
| Fixed assets | £8.1m | £7.2m |
| Current assets | £448k | £70 |
| Debtors | £4.4m | £5.6m |
| Deferred income | £245 | — |
| Cash from operations | £1.7m | £3.4m |
| Source | Accounts · bulk data Feb 2024 | Accounts · bulk data Feb 2024 |
How the business works
- Profit margin
- 0.9%
- Profit ÷ revenue.
- Gross margin
- 17.5%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £193k
- Revenue ÷ average employees.
- Profit per employee
- £1.7k
- Profit ÷ average employees.
- Cash conversion
- 119.7%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 18%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 14.1%
- 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
- ▼0%
- Now £9.9m
- Cash at bank
- ▼32%
- Now £70
- Headcount
- ▲14%
- Now 207
- Deferred income
- —
- Now —
- Fixed assets
- ▼11%
- Now £7.2m
Group structure
Ownership chain
- Synova GP V LLPultimate parent75–100%
- Chillaton Topco Limited75–100%
- Chillaton Midco Limited75–100%
- Chillaton Bidco Limited75–100%
- Mecsia Group Limited75–100%
- Mecsia Midco Limited75–100%
- Mecsia Limited75–100%
- Artic Holdings Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Amb Newco 03 LimitedFigures not disclosed
Sister companies (9)
- Acorn Engineering Group LimitedFigures not disclosed
- Birmingham Drain Services LimitedFigures not disclosed
- Cambridge Maintenance Services LimitedFigures not disclosed
- E.c.g. Building Maintenance Ltd.Figures not disclosed
- Ecg Facilities Services LimitedFigures not disclosed
- FMS Integrated Solutions LtdFigures not disclosed
- Scott Combustion LtdFigures not disclosed
- SK Refrigeration Heating and Cooling LtdFigures not disclosed
- The Am-Group Compliance Services LtdRev. — · Profit £325k
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 30 Jun 2023 (profit £343k), from the Companies House accounts bulk data published Feb 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.