How much does Vhip Ltd make?

Vhip Ltd reported revenue of £2m and a loss of £170k in the year to 31 Jan 2023, according to its accounts filed at Companies House.

How many employees does Vhip Ltd have?

Vhip Ltd reported an average of 25 employees in the year to 31 Jan 2023.

Is Vhip Ltd profitable?

No — Vhip Ltd reported a loss of £170k in the year to 31 Jan 2023.

Company No. 11537083 · Incorporated 25 Aug 2018

Vhip Ltd

Registered name: VHIP LTD

Vhip Ltd made £2m revenue and a £170k loss in the year to 31 Jan 2023.

Vhip Ltd’s revenue grew 89% to £2m in the year to 31 Jan 2023, with a loss of £170k and 25 employees. The company is classified under “licensed restaurants” and is based in Borehamwood; we hold 2 years of its filed accounts.

Full P&L filedSection I · Accommodation and food servicesSIC 56101Licensed restaurants

Status: Liquidation
Location: Borehamwood, East of England
Age: 8 yrs · since 2018
Type: Private Limited Company

Latest accounts · year to 31 Jan 2023

Key figures

Independent

Revenue

£2m

Growth ▲89.3%

Profit

−£170k

Growth —

Profit margin

−8.4%

Gross 82.6%

Employees

Change ▲316.7%

Profit / employee

−£6.8k

Revenue/employee £80.9k

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.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Jan 2022	31 Jan 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£1.1m	£2m
Cost of sales	£174k	£352k
Gross profit	£895k	£1.7m
Operating profit	−£349k	−£168k
Profit after tax	−£351k	−£170k
Profit (best available)	−£351k	−£170k
Employees (average)	6	25
Ratios
Profit margin	−32.8%	−8.4%
Gross margin	83.7%	82.6%
Revenue per employee	£178k	£80.9k
Profit per employee	−£58.5k	−£6.8k
Growth (year on year)
Revenue growth	—	▲89.3%
Headcount growth	—	▲316.7%
Balance sheet — indirect signals, not revenue
Cash at bank	£8.4k	£21.5k
Net assets	−£325k	−£495k
Fixed assets	£499k	£379k
Current assets	£81.1k	£63.8k
Debtors	£25.7k	£43.3k
Deferred income	£2k	£1.3k
Source	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2023

Derived from the latest filing

How the business works

Profit margin: −8.4%; Profit ÷ revenue.
Gross margin: 82.6%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £80.9k; Revenue ÷ average employees.
Profit per employee: −£6.8k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 18.7%; 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: 2.1%; 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 −£495k
Cash at bank: ▲157%; Now £21.5k
Headcount: ▲317%; Now 25
Deferred income: ▼35%; Now £1.3k
Fixed assets: ▼24%; Now £379k

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Jan 2023 (profit −£170k), 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.