Turnaround Publisher Services Limited
Registered name: TURNAROUND PUBLISHER SERVICES LIMITED
Part of TPS Trustees Limited groupTurnaround Publisher Services Limited made £29.8m revenue and £2.5m profit in the year to 31 Mar 2025. read from filing text
Turnaround Publisher Services Limited’s revenue was £29.8m in the year to 31 Mar 2025, with £2.5m profit and 64 employees. The company is classified under “wholesale of other intermediate products” and is based in London; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 30 yrs · since 1995
- 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: “Turnaround Publisher Services Employee Ownership Trust is the ultimate controlling party.”
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 | 31 Mar 2025 |
|---|---|---|---|---|
| Disclosure | Profit & lossread from filing text | Profit & lossread from filing text | Profit & lossread from filing text | Profit & lossread from filing text |
| Profit & loss | ||||
| Revenue (turnover) | £30.6m | £30.5m | £29.8m | £29.8m |
| Cost of sales | £22.9m | £23.2m | £21.8m | £21.2m |
| Gross profit | £7.7m | £7.3m | £8m | £8.5m |
| Operating profit | £2.9m | £2.5m | £2.6m | £3.1m |
| Profit before tax | £2.9m | £2.5m | £2.7m | £3.3m |
| Profit after tax | £2.3m | £2m | £2m | £2.5m |
| Profit (best available) | £2.3m | £2m | £2m | £2.5m |
| Staff costs | £2.6m | £2.6m | £3m | £3m |
| Employees (average) | 66 | 62 | 62 | 64 |
| Ratios | ||||
| Profit margin | 7.6% | 6.7% | 6.8% | 8.3% |
| Gross margin | 25.1% | 23.9% | 26.8% | 28.6% |
| Revenue per employee | £463k | £492k | £481k | £465k |
| Profit per employee | £35.3k | £32.7k | £32.8k | £38.5k |
| Cash conversion | −83.9% | −106.7% | −110.4% | −100% |
| Growth (year on year) | ||||
| Revenue growth | — | ▼0.2% | ▼2.2% | ▼0.2% |
| Profit growth | — | ▼12.9% | ▲0.3% | ▲21% |
| Headcount growth | — | ▼6.1% | 0% | ▲3.2% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £5.5m | £4.2m | £6.5m | £9.1m |
| Net assets | £6.2m | £5.2m | £7.2m | £9.7m |
| Fixed assets | £345k | £243k | £158k | £115k |
| Current assets | £14.3m | £12.5m | £14.6m | £17.1m |
| Debtors | £4.4m | £4.1m | £3.4m | £3.4m |
| Deferred income | £390k | £414k | £590k | £529k |
| Cash from operations | −£2.4m | −£2.7m | −£2.9m | −£3.1m |
| Source | FullAccounts · bulk data Dec 2023 | FullAccounts · bulk data Dec 2023 | FullAccounts · bulk data Nov 2024 | FullAccounts · bulk data Dec 2025 |
How the business works
- Profit margin
- 8.3%
- Profit ÷ revenue.
- Gross margin
- 28.6%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £465k
- Revenue ÷ average employees.
- Profit per employee
- £38.5k
- Profit ÷ average employees.
- Cash conversion
- −100%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 0.4%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 1.8%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 11.4%
- 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
- ▲34%
- Now £9.7m
- Cash at bank
- ▲39%
- Now £9.1m
- Headcount
- ▲3%
- Now 64
- Deferred income
- ▼10%
- Now £529k
- Fixed assets
- ▼27%
- Now £115k
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
- TPS Trustees Limitedultimate parent75–100%
- Turnaround Publisher Services Limitedthis 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).
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Sources
Latest figures from FullAccounts for the year to 31 Mar 2025 (profit £2.5m), from the Companies House accounts bulk data published Dec 2025. Spotted an error? Request a correction.
Updated from Companies House on 24 Oct 2026