How much does Sere Limited make?

Sere Limited reported revenue of £63m and £564k profit in the year to 30 Dec 2024, according to its accounts filed at Companies House.

How many employees does Sere Limited have?

Sere Limited reported an average of 104 employees in the year to 30 Dec 2024.

Is Sere Limited profitable?

Yes — Sere Limited reported a profit of £564k in the year to 30 Dec 2024.

Company No. NI032529 · Incorporated 16 Jun 1997

Sere Limited

Registered name: SERE LIMITED

Part of S.e.r.e. Holdings Ltd group

Sere Limited made £63m revenue and £564k profit in the year to 30 Dec 2024.

Sere Limited’s revenue grew 13% to £63m in the year to 30 Dec 2024, with £564k profit and 104 employees. The company is classified under “other business support service activities” and is based in Belfast; we hold 2 years of its filed accounts.

Full P&L filedSection N · Administrative and support servicesSIC 82990Other business support service activities n.e.c.

Status: Active
Location: Belfast, Northern Ireland
Age: 29 yrs · since 1997
Type: Private Limited Company

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. From the filing: “S.E.R.E. Holdings Ltd”

Latest accounts · year to 30 Dec 2024

Key figures

Operating leverage

Revenue

£63m

Growth ▲13.2%

Profit

£564k

Growth ▲85.9%

Profit margin

0.9%

Gross 11.4%

Employees

104

Change ▲13%

Profit / employee

£5.4k

Revenue/employee £606k

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 2023	30 Dec 2024
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£55.7m	£63m
Cost of sales	£49.7m	£55.9m
Gross profit	£5.9m	£7.2m
Operating profit	£1.5m	£2m
Profit before tax	£531k	£960k
Profit after tax	£303k	£564k
Profit (best available)	£303k	£564k
Staff costs	£3.1m	£3.8m
Employees (average)	92	104
Ratios
Profit margin	0.5%	0.9%
Gross margin	10.7%	11.4%
Revenue per employee	£605k	£606k
Profit per employee	£3.3k	£5.4k
Growth (year on year)
Revenue growth	—	▲13.2%
Profit growth	—	▲85.9%
Headcount growth	—	▲13%
Balance sheet — indirect signals, not revenue
Cash at bank	£6.1k	£2.8k
Net assets	£7.1m	£7.6m
Fixed assets	£16.6m	£17m
Current assets	£12.7m	£12.9m
Debtors	£825k	£609k
Deferred income	£58.7k	£12.5k
Source	FullAccounts · bulk data Dec 2025	FullAccounts · bulk data Dec 2025

Derived from the latest filing

How the business works

Profit margin: 0.9%; Profit ÷ revenue.
Gross margin: 11.4%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £606k; Revenue ÷ average employees.
Profit per employee: £5.4k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 27%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 1%; 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: ▲8%; Now £7.6m
Cash at bank: ▼54%; Now £2.8k
Headcount: ▲13%; Now 104
Deferred income: ▼79%; Now £12.5k
Fixed assets: ▲2%; Now £17m

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

S.e.r.e. Holdings Ltdultimate parent75–100%
Sere Limitedthis company

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

Sister companies (2)

247 Aircraft Maintenance LimitedFigures not disclosed
Jet Assist LimitedFigures not disclosed

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 30 Dec 2024 (profit £564k), 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.