Velarde LLP
Registered name: VELARDE LLP
Velarde LLP made £56.2k revenue and a £209k loss in the year to 31 Mar 2025.
Velarde LLP’s revenue was £56.2k in the year to 31 Mar 2025, with a loss of £209k and 4 employees. The company is based in Kingsbridge; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Kingsbridge, South West
- Age
- 3 yrs · since 2023
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Mar 2024 | 31 Mar 2025 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £39k | £56.2k |
| Cost of sales | £4k | £4.8k |
| Gross profit | £35k | £51.5k |
| Operating profit | −£234k | −£209k |
| Profit after tax | −£234k | −£209k |
| Profit (best available) | −£234k | −£209k |
| Employees (average) | 1 | 4 |
| Ratios | ||
| Profit margin | −600.4% | −371% |
| Gross margin | 89.6% | 91.5% |
| Revenue per employee | £39k | £14.1k |
| Profit per employee | −£234k | −£52.2k |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £24k | £10.5k |
| Net assets | — | — |
| Fixed assets | £2m | £2.1m |
| Current assets | £92.3k | £31.1k |
| Debtors | £4.7k | £993 |
| Source | FullAccounts · bulk data Dec 2024 | FullAccounts · bulk data Jan 2026 |
How the business works
- Profit margin
- −371%
- Profit ÷ revenue.
- Gross margin
- 91.5%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £14.1k
- Revenue ÷ average employees.
- Profit per employee
- −£52.2k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 3780%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 1.8%
- 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 £10.5k
- Headcount
- —
- Now 4
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now £2.1m
Sources
Latest figures from FullAccounts for the year to 31 Mar 2025 (profit −£209k), from the Companies House accounts bulk data published Jan 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.