Virtual FM Limited
Registered name: VIRTUAL FM LIMITED
Part of Virtual Group Holdings Limited groupVirtual FM Limited made £11.1m revenue and a £8.3k loss in the year to 31 Mar 2024.
Virtual FM Limited’s revenue fell 16% to £11.1m in the year to 31 Mar 2024, with a loss of £8.3k and 173 employees. The company is classified under “other professional, scientific and technical activities” and is based in Glasgow; we hold 3 years of its filed accounts.
- Status
- Liquidation
- Location
- Glasgow, Scotland
- Age
- 11 yrs · since 2015
- 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: “Virtual Group Holdings Limited”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Mar 2022 | 31 Mar 2023 | 31 Mar 2024 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £10.8m | £13.1m | £11.1m |
| Cost of sales | £7.7m | £7.2m | £5.6m |
| Gross profit | £3.1m | £5.9m | £5.5m |
| Operating profit | −£381k | £343k | £59k |
| Profit before tax | −£439k | £303k | −£11.2k |
| Profit after tax | −£349k | £229k | −£8.3k |
| Profit (best available) | −£349k | £229k | −£8.3k |
| Staff costs | £2.5m | £4.3m | £3.6m |
| Employees (average) | 90 | 219 | 173 |
| Ratios | |||
| Profit margin | −3.2% | 1.7% | −0.1% |
| Gross margin | 29% | 45% | 49.8% |
| Revenue per employee | £121k | £60k | £64.1k |
| Profit per employee | −£3.9k | £1k | −£48 |
| Growth (year on year) | |||
| Revenue growth | — | ▲21.1% | ▼15.6% |
| Profit growth | — | — | ▼103.6% |
| Headcount growth | — | ▲143.3% | ▼21% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £30.3k | £61.9k | £28k |
| Net assets | −£238k | −£9.3k | −£17.6k |
| Fixed assets | £220k | £147k | £74.6k |
| Current assets | £2.1m | £2.8m | £2.3m |
| Debtors | £1.3m | £1.7m | £1.6m |
| Deferred income | £318k | £575k | £428k |
| Source | Accounts · bulk data Feb 2024 | Accounts · bulk data Feb 2024 | FullAccounts · bulk data Mar 2025 |
How the business works
- Profit margin
- −0.1%
- Profit ÷ revenue.
- Gross margin
- 49.8%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £64.1k
- Revenue ÷ average employees.
- Profit per employee
- −£48
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 0.7%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 3.9%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 14%
- 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 −£17.6k
- Cash at bank
- ▼55%
- Now £28k
- Headcount
- ▼21%
- Now 173
- Deferred income
- ▼26%
- Now £428k
- Fixed assets
- ▼49%
- Now £74.6k
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Virtual Group Holdings Limitedultimate parent75–100%
- Virtual FM Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (5)
- Ignite Consultancy Services LimitedFigures not disclosed
- Virtual Facilities Services LtdFigures not disclosed
- Virtual Fire & Security Services LimitedFigures not disclosed
- Virtual Technical Services LimitedFigures not disclosed
- Virtual Water Services LtdFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 31 Mar 2024 (profit −£8.3k), from the Companies House accounts bulk data published Mar 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.