Ssa (UK) 2, Ltd
Registered name: SSA (UK) 2, LTD
Part of Bank Of America Corporation groupSsa (UK) 2, Ltd made £394k revenue and £653k profit in the year to 31 Dec 2023. read from filing text
Ssa (UK) 2, Ltd’s revenue fell 55% to £394k in the year to 31 Dec 2023, with £653k profit and 0 employees. The company is classified under “activities of financial services holding companies” and is based in London; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 8 yrs · since 2018
- 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.
Key figures
Unusual figures. Profit is higher than revenue in this filing. That usually means investment income, dividends from subsidiaries or one-off gains — or a mis-tagged figure. Check the original filing before drawing conclusions.
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 |
|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | ||
| Revenue (turnover) | £876k | £394k |
| Operating profit | £843k | £353k |
| Profit before tax | £843k | £357k |
| Profit after tax | £601k | £653k |
| Profit (best available) | £601k | £653k |
| Employees (average) | — | 0 |
| Ratios | ||
| Profit margin | 68.6% | 165.8% |
| Cash conversion | −7.5% | −83.3% |
| Growth (year on year) | ||
| Revenue growth | — | ▼55.1% |
| Profit growth | — | ▲8.5% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £1.9k | £4.3k |
| Net assets | £10.9m | £15.1m |
| Current assets | £1.4m | £2m |
| Debtors | £1.4m | £2m |
| Deferred income | £35.6k | £36.4k |
| Cash from operations | −£63k | −£294k |
| Source | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2024 |
How the business works
- Profit margin
- 165.8%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- —
- Revenue ÷ average employees.
- Profit per employee
- —
- Profit ÷ average employees.
- Cash conversion
- −83.3%
- 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
- 9.2%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 500.2%
- Money owed by customers. Low = customers pay quickly.
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
- ▲39%
- Now £15.1m
- Cash at bank
- ▲130%
- Now £4.3k
- Headcount
- —
- Now 0
- Deferred income
- ▲2%
- Now £36.4k
- Fixed assets
- —
- Now —
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Bank Of America Corporation (registered outside the UK register)ultimate parent75–100%
- Ssa (UK) 2, Ltdthis company
Bands show the share of ownership each company holds in the one below it.
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Dec 2023 (profit £653k), 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.