Virtue Holdings (SW) Ltd
Registered name: VIRTUE HOLDINGS (SW) LTD
Part of Virtue Holdings (SW) Trustees Limited groupVirtue Holdings (SW) Ltd made £19.3m revenue and £2.1m profit in the year to 31 Mar 2025.
Virtue Holdings (SW) Ltd’s revenue grew 11% to £19.3m in the year to 31 Mar 2025, with £2.1m profit and 182 employees. The company is classified under “activities of other holding companies” and is based in Redruth; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Redruth, South West
- 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 | 31 Mar 2024 | 31 Mar 2025 |
|---|---|---|---|---|
| Disclosure | No P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | — | £12.8m | £17.4m | £19.3m |
| Cost of sales | — | £7.1m | £10.1m | £10.9m |
| Gross profit | — | £5.7m | £7.2m | £8.4m |
| Operating profit | — | £1.5m | £1.6m | £1.9m |
| Profit before tax | — | £1.5m | £1.6m | £1.9m |
| Profit after tax | — | £52.5k | £51.2k | £2.1m |
| Profit (best available) | — | £52.5k | £51.2k | £2.1m |
| Staff costs | — | £6m | £7.5m | £9m |
| Employees (average) | 3 | 3 | 151 | 182 |
| Ratios | ||||
| Profit margin | — | 0.4% | 0.3% | 11% |
| Gross margin | — | 44.5% | 41.6% | 43.5% |
| Revenue per employee | — | £4.3m | £115k | £106k |
| Profit per employee | — | £17.5k | £339 | £11.7k |
| Cash conversion | — | 35.7% | 130.6% | 167% |
| Growth (year on year) | ||||
| Revenue growth | — | — | ▲35.9% | ▲11.3% |
| Profit growth | — | — | ▼2.5% | ▲4065% |
| Headcount growth | — | — | ▲4933% | ▲20.5% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £26.3k | £9.6k | £24.9k | £69.7k |
| Net assets | £8.9k | £52.2k | £95.9k | £157k |
| Fixed assets | £120 | £120 | £1.3m | £1.8m |
| Current assets | £37.9k | £79.3k | £146k | £290k |
| Debtors | £11.5k | £0 | £6k | £2.8m |
| Cash from operations | — | £545k | £2.1m | £3.2m |
| Source | FilletedAccounts · bulk data Jan 2024 | FilletedAccounts · bulk data Jan 2024 | FullAccounts · bulk data Dec 2024 | FullAccounts · bulk data Dec 2025 |
How the business works
- Profit margin
- 11%
- Profit ÷ revenue.
- Gross margin
- 43.5%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £106k
- Revenue ÷ average employees.
- Profit per employee
- £11.7k
- Profit ÷ average employees.
- Cash conversion
- 167%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 9.2%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 14.7%
- 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
- ▲63%
- Now £157k
- Cash at bank
- ▲180%
- Now £69.7k
- Headcount
- ▲21%
- Now 182
- Deferred income
- —
- Now —
- Fixed assets
- ▲41%
- Now £1.8m
Group structure
Ownership chain
- Virtue Holdings (SW) Trustees Limitedultimate parent75–100%
- Virtue Holdings (SW) Ltdthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (2)
- Gwella Contracting Services LtdRev. £17.1m · Profit £1.2m
- Allium Environmental LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Mar 2025 (profit £2.1m), from the Companies House accounts bulk data published Dec 2025. 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.