VGC Partners LLP
Registered name: VGC PARTNERS LLP
VGC Partners LLP made £3.3m revenue and £1.6m profit in the year to 31 Dec 2024. read from filing text
VGC Partners LLP’s revenue fell 2% to £3.3m in the year to 31 Dec 2024, with £1.6m profit and 7 employees. The company is based in London; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 14 yrs · since 2011
- Type
- Limited Liability Partnership
Partnership. Profit is shown before the partners' own pay, so margins aren't comparable with a limited company. 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. From the filing: “The ultimate controlling party of the LLP is Parminder Basran.”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 |
|---|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | |||
| Revenue (turnover) | £2.2m | £3.3m | £3.3m |
| Cost of sales | £82.8k | £76.4k | £94.4k |
| Gross profit | £2.1m | £3.3m | £3.2m |
| Operating profit | £383k | £339k | £1.6m |
| Profit after tax | £301k | £259k | £1.6m |
| Profit (best available) | £301k | £259k | £1.6m |
| Employees (average) | 6 | 8 | 7 |
| Ratios | |||
| Profit margin | 13.8% | 7.8% | 49.3% |
| Gross margin | 96.2% | 97.7% | 97.1% |
| Revenue per employee | £363k | £418k | £467k |
| Profit per employee | £50.1k | £32.4k | £230k |
| Growth (year on year) | |||
| Revenue growth | — | ▲53.6% | ▼2.2% |
| Profit growth | — | ▼13.9% | ▲521.8% |
| Headcount growth | — | ▲33.3% | ▼12.5% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | FullAccounts · bulk data Aug 2024 | FullAccounts · bulk data Aug 2024 | FullAccounts · bulk data Dec 2025 |
How the business works
- Profit margin
- 49.3%
- Profit ÷ revenue.
- Gross margin
- 97.1%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £467k
- Revenue ÷ average employees.
- Profit per employee
- £230k
- 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.
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
- ▼13%
- Now 7
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Subsidiaries (3)
- VGC GP (Scotland) LimitedFigures not disclosed
- VGC Member I LimitedFigures not disclosed
- VGC Member II LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Dec 2024 (profit £1.6m), 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.