How much does Surplus Property Investments Limited make?

Surplus Property Investments Limited reported revenue of £2.5m and a loss of £419k in the year to 31 Dec 2022, according to its accounts filed at Companies House.

How many employees does Surplus Property Investments Limited have?

Surplus Property Investments Limited reported an average of 3 employees in the year to 31 Dec 2022.

Is Surplus Property Investments Limited profitable?

No — Surplus Property Investments Limited reported a loss of £419k in the year to 31 Dec 2022.

Company No. SC445128 · Incorporated 14 Mar 2013

Surplus Property Investments Limited

Registered name: SURPLUS PROPERTY INVESTMENTS LIMITED

Part of Surplus Property Solutions Holdings Limited group

Surplus Property Investments Limited made £2.5m revenue and a £419k loss in the year to 31 Dec 2022.

Surplus Property Investments Limited’s revenue fell 81% to £2.5m in the year to 31 Dec 2022, with a loss of £419k and 3 employees. The company is classified under “buying and selling of own real estate” and is based in Glasgow; we hold 2 years of its filed accounts.

Full P&L filedSection L · Real estate activitiesSIC 68100Buying and selling of own real estate SIC 68209Other letting and operating of own or leased real estate

Status: Active
Location: Glasgow, Scotland
Age: 13 yrs · since 2013
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. From the filing: “The Company's ultimate parent undertaking is Surplus Property Solutions Holdings Limited, a Company incorporated in Scotland. The results of the Company are incorporated into the consolidated financia”

Latest accounts · year to 31 Dec 2022

Key figures

Small team

Revenue

£2.5m

Growth ▼80.8%

Profit

−£419k

Growth ▼120.3%

Profit margin

−16.5%

Gross 6.3%

Employees

Change 0%

Profit / employee

−£140k

Revenue/employee £845k

Profitable streak

0yrs

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 2021	31 Dec 2022
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£13.2m	£2.5m
Cost of sales	£10.4m	£2.4m
Gross profit	£2.8m	£160k
Operating profit	£2.3m	−£320k
Profit before tax	£2.3m	−£352k
Profit after tax	£2.1m	−£419k
Profit (best available)	£2.1m	−£419k
Employees (average)	3	3
Ratios
Profit margin	15.6%	−16.5%
Gross margin	21.2%	6.3%
Revenue per employee	£4.4m	£845k
Profit per employee	£688k	−£140k
Growth (year on year)
Revenue growth	—	▼80.8%
Profit growth	—	▼120.3%
Headcount growth	—	0%
Balance sheet — indirect signals, not revenue
Cash at bank	£1.5m	£3.3m
Net assets	£6.1m	£7.5m
Current assets	£6.9m	£7.2m
Debtors	£203k	£26.2k
Deferred income	£184k	£251k
Source	Accounts · bulk data Dec 2023	Accounts · bulk data Dec 2023

Derived from the latest filing

How the business works

Profit margin: −16.5%; Profit ÷ revenue.
Gross margin: 6.3%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £845k; Revenue ÷ average employees.
Profit per employee: −£140k; 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: 9.9%; 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: ▲22%; Now £7.5m
Cash at bank: ▲119%; Now £3.3m
Headcount: 0%; Now 3
Deferred income: ▲37%; Now £251k
Fixed assets: —; Now —

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

Surplus Property Solutions Holdings Limitedultimate parent75–100%
Surplus Property Investments Limitedthis company

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

Sister companies (2)

Ashby Dean LtdFigures not disclosed
Ellis Newton 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 accounts for the year to 31 Dec 2022 (profit −£419k), from the Companies House accounts bulk data published Dec 2023. 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.