Birchstone Markets Limited
Registered name: BIRCHSTONE MARKETS LIMITED
Part of Spectron Services Limited groupBirchstone Markets Limited made £7.9m revenue and £2.6m profit in the year to 31 Mar 2023.
Birchstone Markets Limited’s revenue was £7.9m in the year to 31 Mar 2023, with £2.6m profit and 10 employees. The company is classified under “security and commodity contracts dealing activities” and is based in London; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 5 yrs · since 2021
- 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 | 31 Mar 2022 | 31 Mar 2023 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £552k | £7.9m |
| Cost of sales | £104k | £2.5m |
| Gross profit | £448k | £5.4m |
| Operating profit | −£83k | £3.2m |
| Profit before tax | −£83k | £3.2m |
| Profit after tax | −£83k | £2.6m |
| Profit (best available) | −£83k | £2.6m |
| Staff costs | £328k | £1.5m |
| Employees (average) | 5 | 10 |
| Ratios | ||
| Profit margin | −15% | 32.9% |
| Gross margin | 81.1% | 68.2% |
| Revenue per employee | £110k | £794k |
| Profit per employee | −£16.6k | £261k |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £261k | £2m |
| Net assets | −£82.9k | £2.5m |
| Fixed assets | £16.2k | £50.4k |
| Current assets | £337k | £4.3m |
| Debtors | £76k | £2.3m |
| Deferred income | £178k | £1.1m |
| Source | Accounts · bulk data Dec 2023 | Accounts · bulk data Dec 2023 |
How the business works
- Profit margin
- 32.9%
- Profit ÷ revenue.
- Gross margin
- 68.2%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £794k
- Revenue ÷ average employees.
- Profit per employee
- £261k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 0.6%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 14.2%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 29.1%
- 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
- —
- Now £2.5m
- Cash at bank
- —
- Now £2m
- Headcount
- —
- Now 10
- Deferred income
- —
- Now £1.1m
- Fixed assets
- —
- Now £50.4k
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
- Spectron Services Limitedultimate parent75–100%
- Tangent Trading Holdings Limited75–100%
- Darton Group Limited75–100%
- Darton Commodities Ltd.75–100%
- Darton Ltd.75–100%
- Marex Group Limited75–100%
- Marex UK Holdings Limited75–100%
- Spectron Services Limited75–100%
- Marex HCG Limited50–75%
- Birchstone Markets Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (2)
- Emporos Technologies LimitedRev. — · Profit −£1.2m
- Goldhawk Partners LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Mar 2023 (profit £2.6m), 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.