How much does Avantis Marine Limited make?

Avantis Marine Limited reported revenue of £35.4m and £3.7m profit in the year to 31 Mar 2023, according to its accounts filed at Companies House.

How many employees does Avantis Marine Limited have?

Avantis Marine Limited reported an average of 33 employees in the year to 31 Mar 2023.

Is Avantis Marine Limited profitable?

Yes — Avantis Marine Limited reported a profit of £3.7m in the year to 31 Mar 2023.

Company No. 11496188 · Incorporated 2 Aug 2018

Avantis Marine Limited

Registered name: AVANTIS MARINE LIMITED

Avantis Marine Limited made £35.4m revenue and £3.7m profit in the year to 31 Mar 2023.

Avantis Marine Limited’s revenue grew 177% to £35.4m in the year to 31 Mar 2023, with £3.7m profit and 33 employees. The company is classified under “management consultancy activities other than financial management” and is based in Cardiff; we hold 2 years of its filed accounts.

Full profit & loss filedSection M · Professional, scientific and technical activitiesSIC 70229Management consultancy activities other than financial management SIC 74901Environmental consulting activities

Status: Active
Location: Cardiff, Wales
Age: 8 yrs · since 2018
Type: Private Limited Company

Latest accounts · year to 31 Mar 2023

Key figures

14× profit jump

IndependentCapital-lightYoung and profitableOperating leverage

Revenue

£35.4m

Growth ▲176.7%

Profit

£3.7m

Growth ▲1343%

Profit margin

10.5%

Gross 25.6%

Employees

Change ▲43.5%

Profit / employee

£113k

Revenue/employee £1.1m

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 to	31 Mar 2022	31 Mar 2023
Disclosure	Profit & loss	Profit & loss
Profit & loss
Revenue (turnover)	£12.8m	£35.4m
Cost of sales	£9.2m	£26.4m
Gross profit	£3.6m	£9.1m
Operating profit	£332k	£4.6m
Profit before tax	£326k	£4.6m
Profit after tax	£259k	£3.7m
Profit (best available)	£259k	£3.7m
Staff costs	£2m	£2.4m
Employees (average)	23	33
Ratios
Profit margin	2%	10.5%
Gross margin	28.2%	25.6%
Revenue per employee	£557k	£1.1m
Profit per employee	£11.2k	£113k
Growth (year on year)
Revenue growth	—	▲176.7%
Profit growth	—	▲1343%
Headcount growth	—	▲43.5%
Balance sheet — indirect signals, not revenue
Cash at bank	£328k	£727k
Net assets	£1.1m	£5m
Fixed assets	£359k	£719k
Current assets	£6.5m	£10.4m
Debtors	£2.6m	£3.7m
Deferred income	£1.4m	£2m
Source	Accounts · bulk data Dec 2023	Accounts · bulk data Dec 2023

Derived from the latest filing

How the business works

Profit margin: 10.5%; Profit ÷ revenue.
Gross margin: 25.6%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £1.1m; Revenue ÷ average employees.
Profit per employee: £113k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 2%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 5.8%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 10.3%; 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: ▲339%; Now £5m
Cash at bank: ▲122%; Now £727k
Headcount: ▲43%; Now 33
Deferred income: ▲45%; Now £2m
Fixed assets: ▲100%; Now £719k

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

Subsidiaries (2)

Avantis Industrial Services LtdFigures not disclosed
Avantis Lcam LimitedFigures not disclosed

Minority corporate shareholders

Avantis Group Investments Holdco Ltd (registered outside the UK register)

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 accounts for the year to 31 Mar 2023 (profit £3.7m), from the Companies House accounts bulk data published Dec 2023. Spotted an error? Request a correction.