TSL Assets Limited
Registered name: TSL ASSETS LIMITED
Part of BRCK Group PLC groupTSL Assets Limited made £38.8m revenue and £6.1m profit in the year to 31 Aug 2023. read from filing text
TSL Assets Limited’s revenue grew 114% to £38.8m in the year to 31 Aug 2023, with £6.1m profit and 64 employees. The company is classified under “activities of construction holding companies” and is based in Denmead; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Denmead, South East
- 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
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Aug 2022 | 31 Aug 2023 |
|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | ||
| Revenue (turnover) | £18.1m | £38.8m |
| Cost of sales | £12.6m | £27.3m |
| Gross profit | £5.5m | £11.6m |
| Operating profit | £2.9m | £7.9m |
| Profit before tax | £2.9m | £7.8m |
| Profit after tax | £2.3m | £6.1m |
| Profit (best available) | £2.3m | £6.1m |
| Employees (average) | 41 | 64 |
| Ratios | ||
| Profit margin | 12.6% | 15.7% |
| Gross margin | 30.2% | 29.8% |
| Revenue per employee | £441k | £606k |
| Profit per employee | £55.6k | £95.3k |
| Growth (year on year) | ||
| Revenue growth | — | ▲114.5% |
| Profit growth | — | ▲167.9% |
| Headcount growth | — | ▲56.1% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £8.4k | £157 |
| Net assets | £48k | £2.7m |
| Fixed assets | £2.7m | £2.7m |
| Current assets | £58.4k | £50.2k |
| Debtors | £0 | £0 |
| Deferred income | £6.2k | £7.2k |
| Source | Accounts · bulk data Jan 2024 | Accounts · bulk data Jan 2024 |
How the business works
- Profit margin
- 15.7%
- Profit ÷ revenue.
- Gross margin
- 29.8%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £606k
- Revenue ÷ average employees.
- Profit per employee
- £95.3k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 7%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 0%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 0%
- 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
- ▲5610%
- Now £2.7m
- Cash at bank
- ▼98%
- Now £157
- Headcount
- ▲56%
- Now 64
- Deferred income
- ▲17%
- Now £7.2k
- Fixed assets
- 0%
- Now £2.7m
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
- BRCK Group PLCultimate parent75–100%
- TSL Assets Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Topek Southern LimitedRev. £38.7m · Profit £6.4m
Sister companies (4)
- Brickability Enterprises Investments LimitedFigures not disclosed
- Brickability Group LimitedFigures not disclosed
- H.s.jackson & Son(Fencing)limitedRev. — · Profit £2.6m
- Taylor Maxwell Group (2017) LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Aug 2023 (profit £6.1m), from the Companies House accounts bulk data published Jan 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.