How much does Northern Taxis Limited make?

Northern Taxis Limited reported revenue of £25.7m and £2.2m profit in the year to 30 Sep 2023, according to its accounts filed at Companies House.

How many employees does Northern Taxis Limited have?

Northern Taxis Limited reported an average of 78 employees in the year to 30 Sep 2023.

Is Northern Taxis Limited profitable?

Yes — Northern Taxis Limited reported a profit of £2.2m in the year to 30 Sep 2023.

Company No. 09979866 · Incorporated 1 Feb 2016

Northern Taxis Limited

Registered name: NORTHERN TAXIS LIMITED

Part of MML Partnership Capital VIII Holdco 1 Ltd group

Northern Taxis Limited made £25.7m revenue and £2.2m profit in the year to 30 Sep 2023. read from filing text

Northern Taxis Limited’s revenue was £25.7m in the year to 30 Sep 2023, with £2.2m profit and 78 employees. The company is classified under “taxi operation” and is based in Cardiff; we hold 2 years of its filed accounts.

Full P&L filedSection H · Transportation and storageSIC 49320Taxi operation

Status: Active
Location: Cardiff, Wales
Age: 10 yrs · since 2016
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.

Latest accounts · year to 30 Sep 2023

Key figures

Revenue

£25.7m

Growth —

Profit

£2.2m

Growth —

Profit margin

8.5%

Gross 36.4%

Employees

Change —

Profit / employee

£28.1k

Revenue/employee £330k

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	30 Sep 2023
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£13.6m	£25.7m
Cost of sales	£8.5m	£16.4m
Gross profit	£5.2m	£9.4m
Operating profit	£2.4m	£2.9m
Profit before tax	£2.2m	£2.9m
Profit after tax	£1.9m	£2.2m
Profit (best available)	£1.9m	£2.2m
Staff costs	£2.3m	£4m
Employees (average)	86	78
Ratios
Profit margin	14%	8.5%
Gross margin	38%	36.4%
Revenue per employee	£158k	£330k
Profit per employee	£22.2k	£28.1k
Balance sheet — indirect signals, not revenue
Cash at bank	£1.7m	£1.7m
Net assets	£8.5m	£10.7m
Fixed assets	£441k	£4.4m
Current assets	£10.6m	£13.2m
Debtors	£903k	£1.4m
Deferred income	£109k	£2m
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024

Derived from the latest filing

How the business works

Profit margin: 8.5%; Profit ÷ revenue.
Gross margin: 36.4%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £330k; Revenue ÷ average employees.
Profit per employee: £28.1k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 17%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 8%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 5.6%; 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 £10.7m
Cash at bank: —; Now £1.7m
Headcount: —; Now 78
Deferred income: —; Now £2m
Fixed assets: —; Now £4.4m

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

MML Partnership Capital VIII Holdco 1 Ltdultimate parent50–75%
MML Cosmos Investco Limited25–50%
V Topco Limited75–100%
V Midco Limited75–100%
V Holdco Limited75–100%
V Bidco Limited75–100%
Veezu Group Limited75–100%
Veezu Holdings Limited75–100%
City Taxis Holdings Limited75–100%
Steel City Holdings Limited75–100%
Northern Taxis Limitedthis company

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

Sister companies (1)

Derby City Cars LimitedFigures not disclosed

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 30 Sep 2023 (profit £2.2m), from the Companies House accounts bulk data published Sep 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.