Vaga Marine Services CIC
Registered name: VAGA MARINE SERVICES CIC
Vaga Marine Services CIC made £105k revenue and £0 profit in the year to 31 Dec 2024.
Vaga Marine Services CIC’s revenue fell 26% to £105k in the year to 31 Dec 2024, with £0 profit and 1 employee. The company is classified under “construction of other civil engineering projects” and is based in Hereford; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Hereford, West Midlands
- Age
- 4 yrs · since 2021
- Type
- Community Interest Company
Key figures
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 | 31 Dec 2024 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £33.7k | £142k | £105k |
| Cost of sales | £6.5k | £130k | £93.2k |
| Gross profit | £27.2k | £12k | £11.9k |
| Operating profit | £0 | £0 | £0 |
| Profit before tax | £0 | £0 | £0 |
| Profit after tax | £0 | £0 | £0 |
| Profit (best available) | £0 | £0 | £0 |
| Employees (average) | 1 | 1 | 1 |
| Ratios | |||
| Profit margin | 0% | 0% | 0% |
| Gross margin | 80.7% | 8.4% | 11.3% |
| Revenue per employee | £33.7k | £142k | £105k |
| Profit per employee | £0 | £0 | £0 |
| Growth (year on year) | |||
| Revenue growth | — | ▲321.2% | ▼25.9% |
| Headcount growth | — | 0% | 0% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £10 | £12.3k | £1.6k |
| Net assets | £0 | £0 | £0 |
| Fixed assets | — | £0 | £37.4k |
| Current assets | £10 | £31k | £1.6k |
| Debtors | £0 | £18.7k | — |
| Deferred income | — | £19k | £37.9k |
| Source | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2025 |
How the business works
- Profit margin
- 0%
- Profit ÷ revenue.
- Gross margin
- 11.3%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £105k
- Revenue ÷ average employees.
- Profit per employee
- £0
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 35.6%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 36.1%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- 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
- —
- Now £0
- Cash at bank
- ▼87%
- Now £1.6k
- Headcount
- 0%
- Now 1
- Deferred income
- ▲100%
- Now £37.9k
- Fixed assets
- —
- Now £37.4k
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
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Sources
Latest figures from FullAccounts for the year to 31 Dec 2024 (profit £0), from the Companies House accounts bulk data published Sep 2025. 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.