How much does Gradwell Communications Limited make?

Gradwell Communications Limited reported revenue of £12.5m and £286k profit in the year to 31 Oct 2024, according to its accounts filed at Companies House.

How many employees does Gradwell Communications Limited have?

Gradwell Communications Limited reported an average of 78 employees in the year to 31 Oct 2024.

Is Gradwell Communications Limited profitable?

Yes — Gradwell Communications Limited reported a profit of £286k in the year to 31 Oct 2024.

Company No. 03673235 · Incorporated 24 Nov 1998

Gradwell Communications Limited

Registered name: GRADWELL COMMUNICATIONS LIMITED

Part of Solo Topco Limited group

Gradwell Communications Limited made £12.5m revenue and £286k profit in the year to 31 Oct 2024.

Gradwell Communications Limited’s revenue grew 16% to £12.5m in the year to 31 Oct 2024, with £286k profit and 78 employees. The company is classified under “information technology consultancy activities” and is based in Fareham; we hold 3 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 62020Information technology consultancy activities SIC 62090Other information technology service activities SIC 63110Data processing, hosting and related activities

Status: Active
Location: Fareham, South East
Age: 27 yrs · since 1998
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.

Latest accounts · year to 31 Oct 2024

Key figures

Operating leverageDoing more with less

Revenue

£12.5m

Growth ▲16.4%

Profit

£286k

Growth ▼49.8%

Profit margin

2.3%

Gross 61.6%

Employees

Change ▲14.7%

Profit / employee

£3.7k

Revenue/employee £160k

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	31 Oct 2022	31 Oct 2023	31 Oct 2024
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£7.2m	£10.7m	£12.5m
Cost of sales	£2.4m	£3.6m	−£4.8m
Gross profit	£4.8m	£7.1m	£7.7m
Operating profit	−£35.1k	£536k	£828k
Profit before tax	−£35.1k	£532k	£828k
Profit after tax	£85.1k	£570k	£286k
Profit (best available)	£85.1k	£570k	£286k
Staff costs	£2.6m	£3.4m	—
Employees (average)	72	68	78
Ratios
Profit margin	1.2%	5.3%	2.3%
Gross margin	66.3%	66.1%	61.6%
Revenue per employee	£100k	£158k	£160k
Profit per employee	£1.2k	£8.4k	£3.7k
Growth (year on year)
Revenue growth	—	▲48.8%	▲16.4%
Profit growth	—	▲569%	▼49.8%
Headcount growth	—	▼5.6%	▲14.7%
Balance sheet — indirect signals, not revenue
Cash at bank	£390k	£1.4m	—
Net assets	£1.2m	£1.8m	—
Fixed assets	£1.6m	£1.7m	—
Current assets	£2.2m	£4.5m	—
Debtors	£345k	£594k	—
Deferred income	£509k	£661k	—
Source	FullAccounts · bulk data May 2024	FullAccounts · bulk data May 2024	Accounts · bulk data Nov 2025

Derived from the latest filing

How the business works

Profit margin: 2.3%; Profit ÷ revenue.
Gross margin: 61.6%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £160k; Revenue ÷ average employees.
Profit per employee: £3.7k; 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: ▲15%; Now 78
Deferred income: —; Now —
Fixed assets: —; Now —

Corporate ownership

Group structure

Ownership chain

Solo Topco Limitedultimate parent75–100%
Solo Bidco Limited75–100%
Onecom Technology Group Limited75–100%
Onecom Limited75–100%
Gradwell Communications Limitedthis company

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

Sister companies (3)

Daly Systems LimitedFigures not disclosed
Hosted Business LimitedFigures not disclosed
Matrix Business Group LimitedFigures not disclosed

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 accounts for the year to 31 Oct 2024 (profit £286k), from the Companies House accounts bulk data published Nov 2025. Spotted an error? Request a correction.

Updated from Companies House on 20 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.