How much does PVP Developments Ltd make?

PVP Developments Ltd reported revenue of £4.8m and £604k profit in the year to 31 Dec 2022, according to its accounts filed at Companies House.

How many employees does PVP Developments Ltd have?

PVP Developments Ltd reported an average of 20 employees in the year to 31 Dec 2022.

Is PVP Developments Ltd profitable?

Yes — PVP Developments Ltd reported a profit of £604k in the year to 31 Dec 2022.

Company No. SC464552 · Incorporated 26 Nov 2013

PVP Developments Ltd

Registered name: PVP DEVELOPMENTS LTD

Part of Surplus Property Solutions Holdings Ltd group

PVP Developments Ltd made £4.8m revenue and £604k profit in the year to 31 Dec 2022.

PVP Developments Ltd’s revenue grew 34% to £4.8m in the year to 31 Dec 2022, with £604k profit and 20 employees. The company is classified under “development of building projects” and is based in Glasgow; we hold 2 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 41100Development of building projects SIC 41202Construction of domestic buildings SIC 43999Other specialised construction activities n.e.c.

Status: Active
Location: Glasgow, Scotland
Age: 12 yrs · since 2013
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: “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

Capital-lightDoing more with less

Revenue

£4.8m

Growth ▲33.9%

Profit

£604k

Growth ▼51.6%

Profit margin

12.6%

Gross 22.4%

Employees

Change ▼4.8%

Profit / employee

£30.2k

Revenue/employee £240k

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 2021	31 Dec 2022
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£3.6m	£4.8m
Cost of sales	£1.9m	£3.7m
Gross profit	£1.7m	£1.1m
Operating profit	£1.4m	£769k
Profit before tax	£1.3m	£749k
Profit after tax	£1.2m	£604k
Profit (best available)	£1.2m	£604k
Employees (average)	21	20
Ratios
Profit margin	34.8%	12.6%
Gross margin	47.5%	22.4%
Revenue per employee	£171k	£240k
Profit per employee	£59.4k	£30.2k
Growth (year on year)
Revenue growth	—	▲33.9%
Profit growth	—	▼51.6%
Headcount growth	—	▼4.8%
Balance sheet — indirect signals, not revenue
Cash at bank	£351k	£239k
Net assets	£1.8m	£2.4m
Fixed assets	£59.6k	£86.2k
Current assets	£3.1m	£4.5m
Debtors	£32.3k	£411
Deferred income	£285k	£29.8k
Source	Accounts · bulk data Dec 2023	Accounts · bulk data Dec 2023

Derived from the latest filing

How the business works

Profit margin: 12.6%; Profit ÷ revenue.
Gross margin: 22.4%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £240k; Revenue ÷ average employees.
Profit per employee: £30.2k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 1.8%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0.6%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 0%; 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: ▲33%; Now £2.4m
Cash at bank: ▼32%; Now £239k
Headcount: ▼5%; Now 20
Deferred income: ▼90%; Now £29.8k
Fixed assets: ▲45%; Now £86.2k

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 Ltd (registered outside the UK register)ultimate parent75–100%
PVP Developments Ltdthis company

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

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

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Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Dec 2022 (profit £604k), 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.