Vertase F.l.i. Limited
Registered name: VERTASE F.L.I. LIMITED
Part of Cheshire Holdco Ltd groupVertase F.l.i. Limited made £18.1m revenue and £1.6m profit in the year to 31 Dec 2024.
Vertase F.l.i. Limited’s revenue grew 65% to £18.1m in the year to 31 Dec 2024, with £1.6m profit and 75 employees. The company is classified under “remediation activities and other waste management services” and is based in Harrogate; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Harrogate
- Age
- 26 yrs · since 2000
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £27.3m | £10.9m | £18.1m |
| Cost of sales | −£21.9m | −£7.8m | −£12.3m |
| Gross profit | £5.3m | £3.2m | £5.8m |
| Operating profit | £1.9m | −£752k | £1.9m |
| Profit before tax | £1.8m | −£789k | £1.9m |
| Profit after tax | £1.6m | −£663k | £1.6m |
| Profit (best available) | £1.6m | −£663k | £1.6m |
| Employees (average) | 119 | 77 | 75 |
| Ratios | |||
| Profit margin | 5.8% | −6.1% | 8.9% |
| Gross margin | 19.6% | 28.9% | 32.2% |
| Revenue per employee | £229k | £142k | £241k |
| Profit per employee | £13.2k | −£8.6k | £21.5k |
| Growth (year on year) | |||
| Revenue growth | — | ▼59.9% | ▲65.3% |
| Profit growth | — | ▼142.2% | — |
| Headcount growth | — | ▼35.3% | ▼2.6% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Mar 2025 | Accounts · bulk data Mar 2025 | Accounts · bulk data Jan 2026 |
How the business works
- Profit margin
- 8.9%
- Profit ÷ revenue.
- Gross margin
- 32.2%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £241k
- Revenue ÷ average employees.
- Profit per employee
- £21.5k
- 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
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- 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 —
- Headcount
- ▼3%
- Now 75
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Cheshire Holdco Ltdultimate parent75–100%
- Cheshire Midco Ltd75–100%
- Cheshire Bidco Ltd75–100%
- Tet Midco Limited75–100%
- Tet Bidco Limited75–100%
- Adler & Allan Limited75–100%
- Vertase F.l.i. Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- QDS Environmental LtdFigures not disclosed
Sister companies (18)
- Public Sewer Services LimitedRev. £19.6m · Profit £1.9m
- Alker Holdings LimitedFigures not disclosed
- Aqua Consultants LimitedFigures not disclosed
- Detectronic Holdings LimitedFigures not disclosed
- E & S Holdings LimitedFigures not disclosed
- Ecosupport LimitedFigures not disclosed
- Environmental & Engineering Group LimitedRev. — · Profit £7.6m
- Flotech Performance Systems LtdFigures not disclosed
- Glanville Holdings GC LimitedFigures not disclosed
- Jet Aire (DC) LimitedFigures not disclosed
- Mel (Holdings) LimitedFigures not disclosed
- Ohes Environmental LimitedFigures not disclosed
- Oneline Surveys Ltd.Figures not disclosed
- PSS Utilities LimitedFigures not disclosed
- Qems LimitedFigures not disclosed
- R.e.s. Environmental Holdings LtdFigures not disclosed
- Thistle Environmental LimitedFigures not disclosed
- Utility Line LtdFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Dec 2024 (profit £1.6m), from the Companies House accounts bulk data published Jan 2026. Spotted an error? Request a correction.
Updated from Companies House on 22 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.