Aeroserve (MSP) Limited
Registered name: AEROSERVE (MSP) LIMITED
Part of FTL UK Acquisition Company Limited groupAeroserve (MSP) Limited made £9.4m revenue and a £7.5m loss in the year to 31 Mar 2023.
Aeroserve (MSP) Limited’s revenue grew 163% to £9.4m in the year to 31 Mar 2023, with a loss of £7.5m and 285 employees. The company is classified under “other service activities” and is based in Derby; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Derby, East Midlands
- Age
- 26 yrs · since 2000
- 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: “STAR Strategic Assets III-A LP”
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 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £3.6m | £9.4m |
| Cost of sales | £7.8m | £10.8m |
| Gross profit | −£4.2m | −£1.4m |
| Operating profit | −£7.3m | −£7.5m |
| Profit before tax | −£7.3m | −£7.5m |
| Profit after tax | −£7.6m | −£7.5m |
| Profit (best available) | −£7.6m | −£7.5m |
| Staff costs | £4.5m | £8.8m |
| Employees (average) | 150 | 285 |
| Ratios | ||
| Profit margin | −214.6% | −80.3% |
| Gross margin | −118.1% | −15% |
| Revenue per employee | £23.8k | £32.9k |
| Profit per employee | −£51k | −£26.4k |
| Growth (year on year) | ||
| Revenue growth | — | ▲163.1% |
| Headcount growth | — | ▲90% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £118k | £662k |
| Net assets | −£11.6m | −£19.1m |
| Fixed assets | £3.9m | £3.6m |
| Current assets | £2m | £2.6m |
| Debtors | £1.2m | £1.7m |
| Deferred income | £1.2m | £899k |
| Source | FullAccounts · bulk data May 2024 | FullAccounts · bulk data May 2024 |
How the business works
- Profit margin
- −80.3%
- Profit ÷ revenue.
- Gross margin
- −15%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £32.9k
- Revenue ÷ average employees.
- Profit per employee
- −£26.4k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 38.8%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 9.6%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 17.7%
- 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 −£19.1m
- Cash at bank
- ▲461%
- Now £662k
- Headcount
- ▲90%
- Now 285
- Deferred income
- ▼25%
- Now £899k
- Fixed assets
- ▼6%
- Now £3.6m
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
- FTL UK Acquisition Company Limitedultimate parent75–100%
- Stellar Mayan Limited75–100%
- Aeroserve (MSP) Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (3)
- Synergy Health Managed Services LimitedRev. £50.7m · Profit −£85k
- Aeroserve Euro LimitedRev. £13.7m · Profit £7.5m
- Grosvenor Contracts (London) LimitedRev. £9.3m · Profit £1.2m
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 2023 (profit −£7.5m), from the Companies House accounts bulk data published May 2024. 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.