How much does Brass NO.10 PLC make?

Brass NO.10 PLC reported revenue of £67.1m and £1.7m profit in the year to 31 Dec 2024, according to its accounts filed at Companies House.

Is Brass NO.10 PLC profitable?

Yes — Brass NO.10 PLC reported a profit of £1.7m in the year to 31 Dec 2024.

Company No. 13122354 · Incorporated 8 Jan 2021

Brass NO.10 PLC

Registered name: BRASS NO.10 PLC

Part of M&T Bank Corporation group

Brass NO.10 PLC made £67.1m revenue and £1.7m profit in the year to 31 Dec 2024.

Brass NO.10 PLC’s revenue fell 1% to £67.1m in the year to 31 Dec 2024, with £1.7m profit. The company is classified under “other business support service activities” and is based in London; we hold 3 years of its filed accounts.

Full P&L filedSIC 82990Other business support service activities n.e.c.

Status: Liquidation
Location: London
Age: 5 yrs · since 2021
Type: Public Limited Company

Latest accounts · year to 31 Dec 2024

Key figures

Revenue

£67.1m

Growth ▼0.9%

Profit

£1.7m

Growth ▼60.9%

Profit margin

2.5%

Gross 1.7%

Employees

—

Change —

Profit / employee

—

Profitable streak

2yrs

Consecutive profitable years in our data

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023	31 Dec 2024
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£27.2m	£67.7m	£67.1m
Cost of sales	−£25.8m	−£66.5m	−£65.9m
Gross profit	£1.4m	£1.2m	£1.1m
Operating profit	£5k	£5k	—
Profit before tax	−£4.2m	£4.3m	£1.7m
Profit after tax	−£4.2m	£4.3m	£1.7m
Profit (best available)	−£4.2m	£4.3m	£1.7m
Employees (average)	—	—	—
Ratios
Profit margin	−15.6%	6.4%	2.5%
Gross margin	5%	1.8%	1.7%
Growth (year on year)
Revenue growth	—	▲148.7%	▼0.9%
Profit growth	—	—	▼60.9%
Balance sheet — indirect signals, not revenue
Net assets	—	—	—
Source	Accounts · bulk data Mar 2024	Accounts · bulk data Mar 2024	Accounts · bulk data Apr 2025

Derived from the latest filing

How the business works

Profit margin: 2.5%; Profit ÷ revenue.
Gross margin: 1.7%; 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

M&T Bank Corporation (registered outside the UK register)ultimate parent75–100%
Wilmington Trust (UK) Limited75–100%
Wilmington Trust SP Services (London) Limited75–100%
Brass NO.10 Mortgage Holdings Limited75–100%
Brass NO.10 PLCthis 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

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 Apr 2025. Spotted an error? Request a correction.

Updated from Companies House on 25 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.