Tellis Capital Limited
Registered name: TELLIS CAPITAL LIMITED
Part of Vespa Capital LLP groupTellis Capital Limited made £7.3m revenue and a £2.9m loss in the year to 30 Jun 2025.
Tellis Capital Limited’s revenue fell 11% to £7.3m in the year to 30 Jun 2025, with a loss of £2.9m and 84 employees. The company is classified under “activities of other holding companies” and is based in London; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 7 yrs · since 2019
- 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 2023 | 30 Jun 2024 | 30 Jun 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £8.7m | £8.3m | £7.3m |
| Cost of sales | −£710k | −£282k | −£105k |
| Gross profit | £8m | £8m | £7.2m |
| Operating profit | −£803k | −£399k | −£1.2m |
| Profit before tax | −£2.2m | −£2m | −£2.9m |
| Profit after tax | −£2.5m | −£2m | −£2.9m |
| Profit (best available) | −£2.5m | −£2m | −£2.9m |
| Employees (average) | 106 | 95 | 84 |
| Ratios | |||
| Profit margin | −28.5% | −24.4% | −40% |
| Gross margin | 91.9% | 96.6% | 98.6% |
| Revenue per employee | £82.5k | £87k | £87.3k |
| Profit per employee | −£23.5k | −£21.2k | −£34.9k |
| Growth (year on year) | |||
| Revenue growth | — | ▼5.5% | ▼11.3% |
| Headcount growth | — | ▼10.4% | ▼11.6% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Apr 2025 | Accounts · bulk data Apr 2025 | Accounts · bulk data Apr 2026 |
How the business works
- Profit margin
- −40%
- Profit ÷ revenue.
- Gross margin
- 98.6%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £87.3k
- Revenue ÷ average employees.
- Profit per employee
- −£34.9k
- 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
- ▼12%
- Now 84
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Vespa Capital LLPultimate parent50–75%
- Tellis Capital Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Flag Communication LimitedFigures not disclosed
Sister companies (4)
- Vespa Capital III GP 1 LtdFigures not disclosed
- Vespa Capital III GP 2 LtdFigures not disclosed
- Vespa Capital IV GP 1 LtdFigures not disclosed
- Vespa Capital IV GP 2 LtdFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 30 Jun 2025 (profit −£2.9m), from the Companies House accounts bulk data published Apr 2026. 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.