Vela Software Limited
Registered name: VELA SOFTWARE LIMITED
Part of Constellation Software UK Holdco Ltd groupVela Software Limited made £3m revenue and £719k profit in the year to 31 Dec 2025.
Vela Software Limited’s revenue fell 14% to £3m in the year to 31 Dec 2025, with £719k profit and 20 employees. The company is classified under “business and domestic software development” and is based in Cheltenham; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Cheltenham, South West
- Age
- 7 yrs · since 2019
- Type
- Private Limited Company
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 | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £2.8m | £3.2m | £3.5m | £3m |
| Cost of sales | £1.9m | £2.4m | £2.4m | £2.2m |
| Gross profit | £882k | £853k | £1m | £781k |
| Operating profit | −£267k | £597k | £698k | £927k |
| Profit before tax | −£268k | £607k | £708k | £927k |
| Profit after tax | −£144k | £319k | £526k | £719k |
| Profit (best available) | −£144k | £319k | £526k | £719k |
| Staff costs | £1.3m | £1.8m | £2m | £1.9m |
| Employees (average) | 22 | 26 | 23 | 20 |
| Ratios | ||||
| Profit margin | −5.1% | 9.9% | 15.2% | 24.1% |
| Gross margin | 31.6% | 26.5% | 30.3% | 26.1% |
| Revenue per employee | £127k | £124k | £151k | £150k |
| Profit per employee | −£6.5k | £12.3k | £22.9k | £36k |
| Growth (year on year) | ||||
| Revenue growth | — | ▲15.6% | ▲7.4% | ▼13.6% |
| Profit growth | — | — | ▲65.1% | ▲36.7% |
| Headcount growth | — | ▲18.2% | ▼11.5% | ▼13% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £124k | £208k | £56.7k | £60.7k |
| Net assets | £4.4m | £4.8m | £5.4m | £6.1m |
| Fixed assets | £8.5m | £7.9m | £7.9m | £7.9m |
| Current assets | £4.9m | £6.1m | £8.9m | £2.1m |
| Debtors | £217k | £220k | £193k | £168k |
| Deferred income | £79.9k | £95.9k | £119k | £148k |
| Source | FullAccounts · bulk data Feb 2025 | FullAccounts · bulk data Feb 2025 | FullAccounts · bulk data Sep 2025 | FullAccounts · bulk data Sep 2026 |
How the business works
- Profit margin
- 24.1%
- Profit ÷ revenue.
- Gross margin
- 26.1%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £150k
- Revenue ÷ average employees.
- Profit per employee
- £36k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 264%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 5%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 5.6%
- 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
- ▲13%
- Now £6.1m
- Cash at bank
- ▲7%
- Now £60.7k
- Headcount
- ▼13%
- Now 20
- Deferred income
- ▲24%
- Now £148k
- Fixed assets
- ▼0%
- Now £7.9m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Constellation Software UK Holdco Ltdultimate parent75–100%
- Vela Software Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (2)
- Crescentone Software LimitedFigures not disclosed
- Realis Simulation LtdFigures not disclosed
Sister companies (17)
- Commerce Decisions LimitedRev. £22m · Profit £2.7m
- Onefile LtdRev. £10.8m · Profit £3.4m
- Volaris Group UK Holdco LtdRev. £9.2m · Profit £48.8m
- Atex Media LimitedRev. £2.6m · Profit £3.2m
- Perseus Group Software LtdRev. £300k · Profit £1.7m
- Corporate IT Systems LimitedFigures not disclosed
- Datamine Corporate LimitedFigures not disclosed
- Finglow LimitedFigures not disclosed
- Gladstone LimitedFigures not disclosed
- Jonas Computing (UK) LimitedFigures not disclosed
- K2 Medical Systems Holdings LimitedFigures not disclosed
- Quicksilva LimitedFigures not disclosed
- Rialtas Business Solutions LimitedFigures not disclosed
- Vela UK Holdco LtdFigures not disclosed
- Vertus Group UK Holdco LimitedFigures not disclosed
- Vesta Software Group LimitedFigures not disclosed
- Xanalys LtdFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £719k), from the Companies House accounts bulk data published Sep 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.