Culina Asset Management Limited
Registered name: CULINA ASSET MANAGEMENT LIMITED
Part of TM Corporate Holdings UK Limited groupCulina Asset Management Limited made £170m revenue and a £8.7m loss in the year to 31 Dec 2023.
Culina Asset Management Limited’s revenue grew 121% to £170m in the year to 31 Dec 2023, with a loss of £8.7m and 111 employees. The company is classified under “operation of warehousing and storage facilities for land transport activities” and is based in Warrington; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Warrington
- Age
- 7 yrs · since 2019
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 31 Dec 2021 | 31 Dec 2022 | 31 Dec 2023 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £0 | £76.8m | £170m |
| Cost of sales | £0 | −£75m | −£167m |
| Gross profit | £0 | £1.9m | £3.2m |
| Operating profit | £0 | £2.8m | −£121k |
| Profit before tax | £0 | £22k | −£11.9m |
| Profit after tax | £0 | −£1.1m | −£8.7m |
| Profit (best available) | £0 | −£1.1m | −£8.7m |
| Employees (average) | 0 | 63 | 111 |
| Ratios | |||
| Profit margin | — | −1.5% | −5.1% |
| Gross margin | — | 2.4% | 1.8% |
| Revenue per employee | — | £1.2m | £1.5m |
| Profit per employee | — | −£17.7k | −£78.5k |
| Growth (year on year) | |||
| Revenue growth | — | — | ▲121.2% |
| Headcount growth | — | — | ▲76.2% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Dec 2023 | Accounts · bulk data Dec 2023 | Accounts · bulk data Oct 2024 |
How the business works
- Profit margin
- −5.1%
- Profit ÷ revenue.
- Gross margin
- 1.8%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £1.5m
- Revenue ÷ average employees.
- Profit per employee
- −£78.5k
- 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
- ▲76%
- Now 111
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- TM Corporate Holdings UK Limitedultimate parent75–100%
- Culina Group Limited75–100%
- Culina Asset Management Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (10)
- CML F & L [Telford] LtdFigures not disclosed
- Culina Logistics LimitedFigures not disclosed
- Foodpack LimitedLiquidationFigures not disclosed
- Fowler Welch LimitedFigures not disclosed
- Great Bear Distribution LimitedFigures not disclosed
- Great Bear Holdings LimitedFigures not disclosed
- Greenwhitestar Acquisitions LimitedFigures not disclosed
- Integrated Packing Services LimitedFigures not disclosed
- International Road Ferry LtdFigures not disclosed
- Warrens Warehousing Group 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 −£8.7m), from the Companies House accounts bulk data published Oct 2024. Spotted an error? Request a correction.
Updated from Companies House on 19 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.