How much does Wellspring Finance Company Limited make?

Wellspring Finance Company Limited reported revenue of £339k and a loss of £167k in the year to 31 Dec 2022, according to its accounts filed at Companies House.

How many employees does Wellspring Finance Company Limited have?

Wellspring Finance Company Limited reported an average of 4 employees in the year to 31 Dec 2022.

Is Wellspring Finance Company Limited profitable?

No — Wellspring Finance Company Limited reported a loss of £167k in the year to 31 Dec 2022.

Company No. 10234464 · Incorporated 16 Jun 2016

Wellspring Finance Company Limited

Registered name: WELLSPRING FINANCE COMPANY LIMITED

Part of Foresight Group Holdings Limited group

Wellspring Finance Company Limited made £339k revenue and a £167k loss in the year to 31 Dec 2022.

Wellspring Finance Company Limited’s revenue grew 5% to £339k in the year to 31 Dec 2022, with a loss of £167k and 4 employees. The company is classified under “other business support service activities” and is based in London; we hold 2 years of its filed accounts.

Full P&L filedSection N · Administrative and support servicesSIC 82990Other business support service activities n.e.c.

Status: Active
Location: London, London
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 31 Dec 2022

Key figures

Small team

Revenue

£339k

Growth ▲5%

Profit

−£167k

Growth —

Profit margin

−49.3%

Gross 8.6%

Employees

Change 0%

Profit / employee

−£41.8k

Revenue/employee £84.8k

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.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2021	31 Dec 2022
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£323k	£339k
Cost of sales	£244k	£310k
Gross profit	£79k	£29k
Profit before tax	−£86k	−£152k
Profit after tax	−£97k	−£167k
Profit (best available)	−£97k	−£167k
Employees (average)	4	4
Ratios
Profit margin	−30%	−49.3%
Gross margin	24.5%	8.6%
Revenue per employee	£80.8k	£84.8k
Profit per employee	−£24.3k	−£41.8k
Growth (year on year)
Revenue growth	—	▲5%
Headcount growth	—	0%
Balance sheet — indirect signals, not revenue
Cash at bank	£16k	£10k
Net assets	−£272k	−£439k
Current assets	£92k	£99k
Debtors	£76k	£89k
Source	Accounts · bulk data Oct 2023	Accounts · bulk data Oct 2023

Derived from the latest filing

How the business works

Profit margin: −49.3%; Profit ÷ revenue.
Gross margin: 8.6%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £84.8k; Revenue ÷ average employees.
Profit per employee: −£41.8k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: —; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 26.3%; 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: —; Now −£439k
Cash at bank: ▼38%; Now £10k
Headcount: 0%; Now 4
Deferred income: —; Now —
Fixed assets: —; Now —

Corporate ownership

Group structure

Ownership chain

Foresight Group Holdings Limitedultimate parent75–100%
Foresight Group Holdings (UK) Limited75–100%
Wellspring Finance Company Limitedthis company

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

Subsidiaries (1)

Wellspring Management Services LimitedFigures not disclosed

Sister companies (17)

Foresight 1 VCT LimitedFigures not disclosed
Foresight Asset Management LimitedFigures not disclosed
Foresight Company 1 LimitedFigures not disclosed
Foresight Company 2 LimitedFigures not disclosed
Foresight Energy VCT LimitedFigures not disclosed
Foresight European Solar Fund Cip GP LimitedFigures not disclosed
Foresight Fund Managers LimitedFigures not disclosed
Foresight Group Holdings UK Finco LimitedFigures not disclosed
Foresight Infra Holdco LimitedFigures not disclosed
Foresight NF FP GP LimitedFigures not disclosed
Foresight NF GP LimitedFigures not disclosed
Foresight VCT Investment LimitedFigures not disclosed
Foresight Venture Capital LimitedFigures not disclosed
Foresight Venture LimitedFigures not disclosed
Foresight Ventures VCT 2 LimitedFigures not disclosed
Pinecroft Corporate Services LimitedFigures not disclosed
Venture Capital Funding LimitedFigures 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 2022 (profit −£167k), from the Companies House accounts bulk data published Oct 2023. 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.