How much does GRS (Holdings) Limited make?

GRS (Holdings) Limited reported revenue of £38.3m and a loss of £12.1k in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does GRS (Holdings) Limited have?

GRS (Holdings) Limited reported an average of 185 employees in the year to 31 Dec 2023.

Is GRS (Holdings) Limited profitable?

No — GRS (Holdings) Limited reported a loss of £12.1k in the year to 31 Dec 2023.

Company No. 08842584 · Incorporated 13 Jan 2014

GRS (Holdings) Limited

Registered name: GRS (HOLDINGS) LIMITED

Part of GRS (Eot) Limited group

GRS (Holdings) Limited made £38.3m revenue and a £12.1k loss in the year to 31 Dec 2023.

GRS (Holdings) Limited’s revenue grew 49% to £38.3m in the year to 31 Dec 2023, with a loss of £12.1k and 185 employees. The company is classified under “other education” and is based in Cheltenham; we hold 3 years of its filed accounts.

Full P&L filedSection P · EducationSIC 85590Other education n.e.c.

Status: Active
Location: Cheltenham, South West
Age: 12 yrs · since 2014
Type: Private Limited Company

Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.

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.

Latest accounts · year to 31 Dec 2023

Key figures

Capital-lightCash flow filed

Revenue

£38.3m

Growth ▲49.4%

Profit

−£12.1k

Growth —

Profit margin

Gross 75.6%

Employees

185

Change ▲25%

Profit / employee

−£65

Revenue/employee £207k

Profitable streak

0yrs

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 2021	31 Dec 2022	31 Dec 2023
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£7.9m	£25.6m	£38.3m
Cost of sales	£2.1m	£7m	£9.3m
Gross profit	£5.8m	£18.6m	£28.9m
Operating profit	£3.9m	£1.8m	£23.3m
Profit before tax	£3.9m	£1.9m	£24m
Profit after tax	£1.5m	−£13.8k	−£12.1k
Profit (best available)	£1.5m	−£13.8k	−£12.1k
Staff costs	£3m	£7.4m	£9.5m
Employees (average)	118	148	185
Ratios
Profit margin	18.9%	−0.1%	0%
Gross margin	72.9%	72.8%	75.6%
Revenue per employee	£67.1k	£173k	£207k
Profit per employee	£12.7k	−£93	−£65
Cash conversion	131%	914.2%	43.9%
Growth (year on year)
Revenue growth	—	—	▲49.4%
Headcount growth	—	—	▲25%
Balance sheet — indirect signals, not revenue
Cash at bank	£197k	£141k	£24.1k
Net assets	£800	−£13k	−£25k
Fixed assets	£393k	£538k	£609k
Current assets	£285k	£228k	£110k
Debtors	£608k	£703k	£666k
Cash from operations	£5.1m	£16.4m	£10.2m
Source	Accounts · bulk data Dec 2023	Accounts · bulk data Dec 2023	Accounts · bulk data Aug 2024

Derived from the latest filing

How the business works

Profit margin: 0%; Profit ÷ revenue.
Gross margin: 75.6%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £207k; Revenue ÷ average employees.
Profit per employee: −£65; Profit ÷ average employees.
Cash conversion: 43.9%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 1.6%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 1.7%; 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: —; Now −£25k
Cash at bank: ▼83%; Now £24.1k
Headcount: ▲25%; Now 185
Deferred income: —; Now —
Fixed assets: ▲13%; Now £609k

Corporate ownership

Group structure

Ownership chain

GRS (Eot) Limitedultimate parent75–100%
GRS (Holdings) Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Subsidiaries (2)

Ecctis LimitedRev. £14.3m · Profit £1.1m
Enroly LtdFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

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Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Dec 2023 (profit −£12.1k), from the Companies House accounts bulk data published Aug 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.