How much does Codestone Solutions Limited make?

Codestone Solutions Limited reported revenue of £33.5m and £937k profit in the year to 30 Sep 2024, according to its accounts filed at Companies House.

How many employees does Codestone Solutions Limited have?

Codestone Solutions Limited reported an average of 219 employees in the year to 30 Sep 2024.

Is Codestone Solutions Limited profitable?

Yes — Codestone Solutions Limited reported a profit of £937k in the year to 30 Sep 2024.

Company No. 03478376 · Incorporated 10 Dec 1997

Codestone Solutions Limited

Registered name: CODESTONE SOLUTIONS LIMITED

Part of Fpe II Investment GP LLP group

Codestone Solutions Limited made £33.5m revenue and £937k profit in the year to 30 Sep 2024. read from filing text

Codestone Solutions Limited’s revenue grew 21% to £33.5m in the year to 30 Sep 2024, with £937k profit and 219 employees. The company is classified under “other information technology service activities” and is based in Poole; we hold 3 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 62090Other information technology service activities

Status: Active
Location: Poole, South West
Age: 28 yrs · since 1997
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. From the filing: “Codestone Group Ltd is the company's immediate parent company, the registered office of which is”

Latest accounts · year to 30 Sep 2024

Key figures

Capital-lightCash flow filed

Revenue

£33.5m

Growth ▲21%

Profit

£937k

Growth ▼50.8%

Profit margin

2.8%

Gross 36.7%

Employees

219

Change ▲5.3%

Profit / employee

£4.3k

Revenue/employee £153k

Profitable streak

3yrs

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	30 Sep 2022	30 Sep 2023	30 Sep 2024
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£17.4m	£27.7m	£33.5m
Cost of sales	£13.4m	£19.9m	£21.2m
Gross profit	£4m	£7.8m	£12.3m
Operating profit	£1.4m	£2.5m	£1.4m
Profit before tax	£1.4m	£2.5m	£1.4m
Profit after tax	£1.3m	£1.9m	£937k
Profit (best available)	£1.3m	£1.9m	£937k
Staff costs	£7.1m	£13.4m	£13.2m
Employees (average)	147	208	219
Ratios
Profit margin	7.7%	6.9%	2.8%
Gross margin	22.8%	28.1%	36.7%
Revenue per employee	£118k	£133k	£153k
Profit per employee	£9.2k	£9.2k	£4.3k
Cash conversion	—	−65.8%	208%
Growth (year on year)
Revenue growth	—	▲59.4%	▲21%
Profit growth	—	▲41.4%	▼50.8%
Headcount growth	—	▲41.5%	▲5.3%
Balance sheet — indirect signals, not revenue
Cash at bank	£2.5m	£4.3m	£448k
Net assets	£2.5m	£4.5m	£5.4m
Fixed assets	£1.4m	£2m	£1.9m
Current assets	£8.6m	£18.4m	£29.2m
Debtors	£2.4m	£6.7m	£9.1m
Deferred income	£5.4m	£6.9m	£9.8m
Cash from operations	—	−£1.7m	£2.9m
Source	FullAccounts · bulk data Dec 2024	FullAccounts · bulk data Dec 2024	FullAccounts · bulk data Sep 2025

Derived from the latest filing

How the business works

Profit margin: 2.8%; Profit ÷ revenue.
Gross margin: 36.7%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £153k; Revenue ÷ average employees.
Profit per employee: £4.3k; Profit ÷ average employees.
Cash conversion: 208%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 5.8%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 29.3%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 27.1%; 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: ▲20%; Now £5.4m
Cash at bank: ▼90%; Now £448k
Headcount: ▲5%; Now 219
Deferred income: ▲43%; Now £9.8m
Fixed assets: ▼3%; Now £1.9m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Fpe II Investment GP LLPultimate parent75–100%
Morris Topco Limited75–100%
Morris Midco Limited75–100%
Morris Bidco Limited75–100%
Codestone Group Ltd.75–100%
Codestone Solutions Limitedthis company

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

Sister companies (1)

Codestone Estates LimitedRev. — · Profit £29.5k

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 FullAccounts for the year to 30 Sep 2024 (profit £937k), 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.