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Company No. 13681725 · Incorporated 15 Oct 2021

Propel Funding I Ltd

Registered name: PROPEL FUNDING I LTD

Part of CSC Financial Services Holdings Limited group

Propel Funding I Ltd made £47m revenue and £28.2m profit in the year to 31 Dec 2023.

Propel Funding I Ltd’s revenue was £47m in the year to 31 Dec 2023, with £28.2m profit. The company is classified under “financial intermediation not elsewhere classified” and is based in London.

Full P&L filedSection K · Financial and insurance activitiesSIC 64999Financial intermediation not elsewhere classified
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.

Latest accounts · year to 31 Dec 2023

Key figures

Young and profitable
Revenue
£47m
Growth —
Profit
£28.2m
Growth —
Profit margin
60%
 
Employees
—
Change —
Profit / employee
—
 
Profitable streak
1yr
Consecutive profitable years in our data

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

1 filed year

Financial history

Multi-year financials, oldest to newest
Year to31 Dec 2023
DisclosureFull P&L
Profit & loss
Revenue (turnover)£47m
Operating profit£28.2m
Profit before tax£28.2m
Profit after tax£28.2m
Profit (best available)£28.2m
Employees (average)—
Ratios
Profit margin60%
Balance sheet — indirect signals, not revenue
Net assets—
SourceAccounts · bulk data Jul 2025
Derived from the latest filing

How the business works

Profit margin
60%
Profit ÷ revenue.
Gross margin
—
Gross profit ÷ revenue. High for software and services.
Revenue per employee
—
Revenue ÷ average employees.
Profit per employee
—
Profit ÷ average employees.
Cash conversion
—
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
—
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
—
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
—
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
—
Now —
Headcount
—
Now —
Deferred income
—
Now —
Fixed assets
—
Now —
Corporate ownership

Group structure

Ownership chain

  1. CSC Financial Services Holdings Limitedultimate parent75–100%
  2. CSC Itg Holdings Limited75–100%
  3. CSC Management Services (UK) Limited75–100%
  4. CSC Corporate Services (London) Limited75–100%
  5. Propel Funding I Ltdthis company

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

Sister companies (205)

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

Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Dec 2023 (profit £28.2m), from the Companies House accounts bulk data published Jul 2025. Spotted an error? Request a correction.

Updated from Companies House on 12 Oct 2026

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.