Verdant Specialty Solutions Halifax Limited
Registered name: VERDANT SPECIALTY SOLUTIONS HALIFAX LIMITED
Verdant Specialty Solutions Halifax Limited made £32.5m revenue and a £529k loss in the year to 31 Dec 2022.
Verdant Specialty Solutions Halifax Limited’s revenue grew 77% to £32.5m in the year to 31 Dec 2022, with a loss of £529k and 64 employees. The company is classified under “manufacture of other chemical products” and is based in Halifax; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Halifax, Yorkshire and The Humber
- Age
- 6 yrs · since 2020
- 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. From the filing: “Verdant Specialty Solutions Global Holding Corporation”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2021 | 31 Dec 2022 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £18.4m | £32.5m |
| Cost of sales | £13.7m | £27.3m |
| Gross profit | £4.7m | £5.2m |
| Operating profit | −£970k | −£526k |
| Profit before tax | −£975k | −£529k |
| Profit after tax | −£975k | −£529k |
| Profit (best available) | −£975k | −£529k |
| Staff costs | £2.8m | £3.7m |
| Employees (average) | 64 | 64 |
| Ratios | ||
| Profit margin | −5.3% | −1.6% |
| Gross margin | 25.6% | 16.1% |
| Revenue per employee | £288k | £508k |
| Profit per employee | −£15.2k | −£8.3k |
| Growth (year on year) | ||
| Revenue growth | — | ▲76.6% |
| Headcount growth | — | 0% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £484k | £369k |
| Net assets | £84.3k | −£445k |
| Fixed assets | £6.2m | £4.9m |
| Current assets | £9.5m | £15m |
| Debtors | £5m | £7.2m |
| Deferred income | £1.4m | £986k |
| Cash from operations | £206k | −£78.3k |
| Source | Accounts · bulk data Dec 2023 | Accounts · bulk data Dec 2023 |
How the business works
- Profit margin
- −1.6%
- Profit ÷ revenue.
- Gross margin
- 16.1%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £508k
- Revenue ÷ average employees.
- Profit per employee
- −£8.3k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 15%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 3%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 22.1%
- 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
- ▼628%
- Now −£445k
- Cash at bank
- ▼24%
- Now £369k
- Headcount
- 0%
- Now 64
- Deferred income
- ▼29%
- Now £986k
- Fixed assets
- ▼21%
- Now £4.9m
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
Latest figures from accounts for the year to 31 Dec 2022 (profit −£529k), 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.