How much does Generate Upcycle Services UK Limited make?

Generate Upcycle Services UK Limited reported revenue of £3m and a loss of £1.7m in the year to 31 Dec 2024, according to its accounts filed at Companies House.

Is Generate Upcycle Services UK Limited profitable?

No — Generate Upcycle Services UK Limited reported a loss of £1.7m in the year to 31 Dec 2024.

Company No. 11096762 · Incorporated 5 Dec 2017

Generate Upcycle Services UK Limited

Registered name: GENERATE UPCYCLE SERVICES UK LIMITED

Part of Generate UK Investment Holdings Limited group

Generate Upcycle Services UK Limited made £3m revenue and a £1.7m loss in the year to 31 Dec 2024.

Generate Upcycle Services UK Limited’s revenue was £3m in the year to 31 Dec 2024, with a loss of £1.7m. The company is classified under “management consultancy activities other than financial management” and is based in London; we hold 3 years of its filed accounts.

Full P&L filedSection M · Professional, scientific and technical activitiesSIC 70229Management consultancy activities other than financial management

Status: Active
Location: London, North East
Age: 8 yrs · since 2017
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 2024

Key figures

Revenue

£3m

Growth —

Profit

−£1.7m

Growth —

Profit margin

−54.8%

Gross −32.9%

Employees

—

Change —

Profit / employee

—

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 2022	31 Dec 2023	31 Dec 2024
Disclosure	No P&L	No P&L	Full P&L
Profit & loss
Revenue (turnover)	—	—	£3m
Cost of sales	—	—	−£4m
Gross profit	—	—	−£997k
Operating profit	—	—	−£1.5m
Profit before tax	—	—	−£1.7m
Profit after tax	—	—	−£1.7m
Profit (best available)	—	—	−£1.7m
Employees (average)	28	40	—
Ratios
Profit margin	—	—	−54.8%
Gross margin	—	—	−32.9%
Growth (year on year)
Headcount growth	—	▲42.9%	—
Balance sheet — indirect signals, not revenue
Cash at bank	£130k	£446k	—
Net assets	£635k	−£1.4m	—
Fixed assets	£153k	£81.2k	—
Current assets	£786k	£1.1m	—
Debtors	£586k	£426k	—
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024	Accounts · bulk data Feb 2026

Derived from the latest filing

How the business works

Profit margin: −54.8%; Profit ÷ revenue.
Gross margin: −32.9%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: —; Revenue ÷ average employees.
Profit per employee: —; 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: —; 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 —
Cash at bank: —; Now —
Headcount: —; Now —
Deferred income: —; Now —
Fixed assets: —; Now —

Corporate ownership

Group structure

Ownership chain

Generate UK Investment Holdings Limitedultimate parent75–100%
Generate UK Ad Holdings Limited75–100%
Generate Upcycle Services UK Limitedthis company

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

Sister companies (1)

Generate UK Ad I LimitedRev. — · Profit −£1.2m

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 2024 (profit −£1.7m), from the Companies House accounts bulk data published Feb 2026. Spotted an error? Request a correction.

Updated from Companies House on 17 Oct 2026

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.