How much does Remit Holdings Limited make?

Remit Holdings Limited reported revenue of £16.1m and £247k profit in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does Remit Holdings Limited have?

Remit Holdings Limited reported an average of 272 employees in the year to 31 Dec 2023.

Is Remit Holdings Limited profitable?

Yes — Remit Holdings Limited reported a profit of £247k in the year to 31 Dec 2023.

Company No. 13332538 · Incorporated 13 Apr 2021

Remit Holdings Limited

Registered name: REMIT HOLDINGS LIMITED

Part of Beech Tree Pe LLP group

Remit Holdings Limited made £16.1m revenue and £247k profit in the year to 31 Dec 2023. read from filing text

Remit Holdings Limited’s revenue fell 11% to £16.1m in the year to 31 Dec 2023, with £247k profit and 272 employees. The company is classified under “other education” and is based in Doncaster; we hold 2 years of its filed accounts.

Full P&L filedSection P · EducationSIC 85590Other education n.e.c.

Status: Active - Proposal to Strike off
Location: Doncaster, Yorkshire and The Humber
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.

Latest accounts · year to 31 Dec 2023

Key figures

Capital-lightYoung and profitable

Revenue

£16.1m

Growth ▼10.6%

Profit

£247k

Growth ▲20.5%

Profit margin

1.5%

Gross 56.2%

Employees

272

Change ▼15%

Profit / employee

£908

Revenue/employee £59.1k

Profitable streak

2yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£18m	£16.1m
Cost of sales	£8.4m	£7m
Gross profit	£9.6m	£9m
Operating profit	£332k	£435k
Profit before tax	£251k	£316k
Profit after tax	£205k	£247k
Profit (best available)	£205k	£247k
Employees (average)	320	272
Ratios
Profit margin	1.1%	1.5%
Gross margin	53.2%	56.2%
Revenue per employee	£56.2k	£59.1k
Profit per employee	£640	£908
Growth (year on year)
Revenue growth	—	▼10.6%
Profit growth	—	▲20.5%
Headcount growth	—	▼15%
Balance sheet — indirect signals, not revenue
Cash at bank	£1.4m	£983k
Net assets	—	—
Fixed assets	£741k	£591k
Debtors	£0	£0
Deferred income	£0	£0
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024

Derived from the latest filing

How the business works

Profit margin: 1.5%; Profit ÷ revenue.
Gross margin: 56.2%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £59.1k; Revenue ÷ average employees.
Profit per employee: £908; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 3.7%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 0%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

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: ▼27%; Now £983k
Headcount: ▼15%; Now 272
Deferred income: —; Now £0
Fixed assets: ▼20%; Now £591k

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Beech Tree Pe LLPultimate parent75–100%
Beech Tree General Partner IV LLP75–100%
Project Catalyst Topco Limited75–100%
Project Catalyst Midco Limited75–100%
Project Catalyst Bidco Limited75–100%
Remit Holdings Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Sister companies (4)

Catalyst Tulip Midco LimitedRev. — · Profit −£1.6m
Project Lunar Bidco LimitedFigures not disclosed
Project Spring Bidco LimitedFigures not disclosed
Remit Group LimitedRev. — · Profit £250k

From the Persons with Significant Control register (corporate controllers only).

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2023 (profit £247k), from the Companies House accounts bulk data published Sep 2024. 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.