How much does Tsi Health Sciences (Europe) Limited make?

Tsi Health Sciences (Europe) Limited reported revenue of £20.7m and £12k profit in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Tsi Health Sciences (Europe) Limited have?

Tsi Health Sciences (Europe) Limited reported an average of 8 employees in the year to 31 Dec 2024.

Is Tsi Health Sciences (Europe) Limited profitable?

Yes — Tsi Health Sciences (Europe) Limited reported a profit of £12k in the year to 31 Dec 2024.

Company No. 05480227 · Incorporated 14 Jun 2005

Tsi Health Sciences (Europe) Limited

Registered name: TSI HEALTH SCIENCES (EUROPE) LIMITED

Tsi Health Sciences (Europe) Limited made £20.7m revenue and £12k profit in the year to 31 Dec 2024. read from filing text

Tsi Health Sciences (Europe) Limited’s revenue grew 11% to £20.7m in the year to 31 Dec 2024, with £12k profit and 8 employees. The company is classified under “wholesale of pharmaceutical goods” and is based in Bury; we hold 3 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 46460Wholesale of pharmaceutical goods

Status: Active
Location: Bury, North West
Age: 21 yrs · since 2005
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: “TSI Group Limited is the ultimate parent company, and is the smallest and largest group for which consolidated accounts including TSI Health Sciences (Europe) Limited are prepared. The registered offi”

Latest accounts · year to 31 Dec 2024

Key figures

Small teamCapital-lightCash flow filed

Revenue

£20.7m

Growth ▲11.5%

Profit

£12k

Growth —

Profit margin

0.1%

Gross 3.6%

Employees

Change 0%

Profit / employee

£1.5k

Revenue/employee £2.6m

Profitable streak

1yr

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023	31 Dec 2024
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£24.1m	£18.6m	£20.7m
Cost of sales	£21.9m	£17.1m	£20m
Gross profit	£2.1m	£1.5m	£755k
Operating profit	£439k	−£8.7k	£14.9k
Profit before tax	£439k	−£10.1k	£14.9k
Profit after tax	£354k	−£11.4k	£12k
Profit (best available)	£354k	−£11.4k	£12k
Staff costs	£459k	£535k	£523k
Employees (average)	8	8	8
Ratios
Profit margin	1.5%	−0.1%	0.1%
Gross margin	8.8%	7.8%	3.6%
Revenue per employee	£3m	£2.3m	£2.6m
Profit per employee	£44.3k	−£1.4k	£1.5k
Cash conversion	17.3%	—	−3529%
Growth (year on year)
Revenue growth	—	▼22.7%	▲11.5%
Profit growth	—	▼103.2%	—
Headcount growth	—	0%	0%
Balance sheet — indirect signals, not revenue
Cash at bank	£2.2m	£2m	£2.6m
Net assets	£578k	£567k	£579k
Fixed assets	£6.7k	£3.8k	£7.7k
Current assets	£8.9m	£9.7m	£11.2m
Debtors	£3.8m	£4.3m	£4.5m
Deferred income	£349k	£185k	£44.2k
Cash from operations	£76.1k	£60.8k	−£525k
Source	FullAccounts · bulk data Jul 2024	FullAccounts · bulk data Jul 2024	FullAccounts · bulk data Apr 2025

Derived from the latest filing

How the business works

Profit margin: 0.1%; Profit ÷ revenue.
Gross margin: 3.6%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £2.6m; Revenue ÷ average employees.
Profit per employee: £1.5k; Profit ÷ average employees.
Cash conversion: −3529%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0.2%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 21.7%; 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: ▲2%; Now £579k
Cash at bank: ▲25%; Now £2.6m
Headcount: 0%; Now 8
Deferred income: ▼76%; Now £44.2k
Fixed assets: ▲106%; Now £7.7k

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2024 (profit £12k), from the Companies House accounts bulk data published Apr 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.