Comet SPV 1 Limited
Registered name: COMET SPV 1 LIMITED
Comet SPV 1 Limited made £18.6m revenue and a £1.3m loss in the year to 31 Dec 2025. read from filing text
Comet SPV 1 Limited’s revenue grew 14% to £18.6m in the year to 31 Dec 2025, with a loss of £1.3m and 101 employees. The company is classified under “other business support service activities” and is based in Nottingham; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Nottingham, East Midlands
- Age
- 2 yrs · since 2024
- Type
- Private Limited Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | ||
| Revenue (turnover) | £16.3m | £18.6m |
| Cost of sales | £13.1m | £15m |
| Gross profit | £3.2m | £3.6m |
| Operating profit | −£275k | −£511k |
| Profit before tax | −£3.3m | −£1.9m |
| Profit after tax | −£2.9m | −£1.3m |
| Profit (best available) | −£2.9m | −£1.3m |
| Employees (average) | 102 | 101 |
| Ratios | ||
| Profit margin | −17.6% | −7.1% |
| Gross margin | 19.5% | 19.5% |
| Revenue per employee | £160k | £185k |
| Profit per employee | −£28.2k | −£13.1k |
| Growth (year on year) | ||
| Revenue growth | — | ▲14.2% |
| Headcount growth | — | ▼1% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £919k | £533k |
| Net assets | −£345k | £276k |
| Fixed assets | £13m | £13m |
| Current assets | £9m | £8.9m |
| Debtors | £0 | £0 |
| Source | FullAccounts · bulk data Jul 2025 | FullAccounts · bulk data May 2026 |
How the business works
- Profit margin
- −7.1%
- Profit ÷ revenue.
- Gross margin
- 19.5%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £185k
- Revenue ÷ average employees.
- Profit per employee
- −£13.1k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 69.6%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 0%
- 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 £276k
- Cash at bank
- ▼42%
- Now £533k
- Headcount
- ▼1%
- Now 101
- Deferred income
- —
- Now —
- Fixed assets
- 0%
- Now £13m
Group structure
Subsidiaries (1)
- Meteor Holdco LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 31 Dec 2025 (profit −£1.3m), from the Companies House accounts bulk data published May 2026. 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.