How much does Grosvenor Contracts (London) Limited make?

Grosvenor Contracts (London) Limited reported revenue of £9.3m and £1.2m profit in the year to 31 Mar 2023, according to its accounts filed at Companies House.

How many employees does Grosvenor Contracts (London) Limited have?

Grosvenor Contracts (London) Limited reported an average of 79 employees in the year to 31 Mar 2023.

Is Grosvenor Contracts (London) Limited profitable?

Yes — Grosvenor Contracts (London) Limited reported a profit of £1.2m in the year to 31 Mar 2023.

Company No. 04240366 · Incorporated 25 Jun 2001

Grosvenor Contracts (London) Limited

Registered name: GROSVENOR CONTRACTS (LONDON) LIMITED

Part of FTL UK Acquisition Company Limited group

Grosvenor Contracts (London) Limited made £9.3m revenue and £1.2m profit in the year to 31 Mar 2023.

Grosvenor Contracts (London) Limited’s revenue grew 11% to £9.3m in the year to 31 Mar 2023, with £1.2m profit and 79 employees. The company is classified under “washing and (dry-)cleaning of textile and fur products” and is based in Derby; we hold 2 years of its filed accounts.

Full P&L filedSection S · Other service activitiesSIC 96010Washing and (dry-)cleaning of textile and fur products

Status: Active
Location: Derby, East Midlands
Age: 25 yrs · since 2001
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”

Latest accounts · year to 31 Mar 2023

Key figures

Operating leverageBoring industry

Revenue

£9.3m

Growth ▲11.2%

Profit

£1.2m

Growth ▲2052%

Profit margin

13%

Gross 38.2%

Employees

Change ▲2.6%

Profit / employee

£15.3k

Revenue/employee £117k

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 Mar 2022	31 Mar 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£8.3m	£9.3m
Cost of sales	£6.1m	£5.7m
Gross profit	£2.3m	£3.5m
Operating profit	£93k	£1.3m
Profit before tax	£79k	£1.3m
Profit after tax	£56k	£1.2m
Profit (best available)	£56k	£1.2m
Staff costs	£2.2m	£2.5m
Employees (average)	77	79
Ratios
Profit margin	0.7%	13%
Gross margin	27%	38.2%
Revenue per employee	£108k	£117k
Profit per employee	£727	£15.3k
Growth (year on year)
Revenue growth	—	▲11.2%
Profit growth	—	▲2052%
Headcount growth	—	▲2.6%
Balance sheet — indirect signals, not revenue
Cash at bank	£737k	£330k
Net assets	£4.1m	£5.3m
Fixed assets	£980k	£1.1m
Current assets	£5.6m	£6m
Debtors	£1.9m	£1.3m
Deferred income	£1.3m	£859k
Source	FullAccounts · bulk data May 2024	FullAccounts · bulk data May 2024

Derived from the latest filing

How the business works

Profit margin: 13%; Profit ÷ revenue.
Gross margin: 38.2%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £117k; Revenue ÷ average employees.
Profit per employee: £15.3k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 12.1%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 9.3%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 14.3%; 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: ▲30%; Now £5.3m
Cash at bank: ▼55%; Now £330k
Headcount: ▲3%; Now 79
Deferred income: ▼35%; Now £859k
Fixed assets: ▲15%; Now £1.1m

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

FTL UK Acquisition Company Limitedultimate parent75–100%
Stellar Mayan Limited75–100%
Grosvenor Contracts (London) 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
Aeroserve (MSP) LimitedRev. £9.4m · Profit −£7.5m

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 FullAccounts for the year to 31 Mar 2023 (profit £1.2m), 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.