How much does Gradwell Communications Limited make?

Gradwell Communications Limited reported revenue of £10.7m and £570k profit in the year to 31 Oct 2023, according to its accounts filed at Companies House.

How many employees does Gradwell Communications Limited have?

Gradwell Communications Limited reported an average of 68 employees in the year to 31 Oct 2023.

Is Gradwell Communications Limited profitable?

Yes — Gradwell Communications Limited reported a profit of £570k in the year to 31 Oct 2023.

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 £10.7m revenue and £570k profit in the year to 31 Oct 2023.

Gradwell Communications Limited’s revenue grew 49% to £10.7m in the year to 31 Oct 2023, with £570k profit and 68 employees. The company is classified under “information technology consultancy activities” and is based in Fareham; we hold 2 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 2023

Key figures

Operating leverageDoing more with less

Revenue

£10.7m

Growth ▲48.8%

Profit

£570k

Growth ▲569%

Profit margin

5.3%

Gross 66.1%

Employees

Change ▼5.6%

Profit / employee

£8.4k

Revenue/employee £158k

Profitable streak

2yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Oct 2022	31 Oct 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£7.2m	£10.7m
Cost of sales	£2.4m	£3.6m
Gross profit	£4.8m	£7.1m
Operating profit	−£35.1k	£536k
Profit before tax	−£35.1k	£532k
Profit after tax	£85.1k	£570k
Profit (best available)	£85.1k	£570k
Staff costs	£2.6m	£3.4m
Employees (average)	72	68
Ratios
Profit margin	1.2%	5.3%
Gross margin	66.3%	66.1%
Revenue per employee	£100k	£158k
Profit per employee	£1.2k	£8.4k
Growth (year on year)
Revenue growth	—	▲48.8%
Profit growth	—	▲569%
Headcount growth	—	▼5.6%
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

Derived from the latest filing

How the business works

Profit margin: 5.3%; Profit ÷ revenue.
Gross margin: 66.1%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £158k; Revenue ÷ average employees.
Profit per employee: £8.4k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 15.9%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 6.2%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 5.5%; 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: ▲48%; Now £1.8m
Cash at bank: ▲267%; Now £1.4m
Headcount: ▼6%; Now 68
Deferred income: ▲30%; Now £661k
Fixed assets: ▲9%; Now £1.7m

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

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).

Same industry, similar size

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Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Oct 2023 (profit £570k), from the Companies House accounts bulk data published May 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.