FFT Education Limited
Registered name: FFT EDUCATION LIMITED
FFT Education Limited made £8.1m revenue and a £242k loss in the year to 31 Dec 2025.
FFT Education Limited’s revenue fell 4% to £8.1m in the year to 31 Dec 2025, with a loss of £242k and 101 employees. The company is classified under “business and domestic software development” and is based in Cowbridge; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Cowbridge, Wales
- Age
- 27 yrs · since 1998
- Type
- PRI/LTD BY GUAR/NSC (Private, limited by guarantee, no share capital)
Non-profit. It is limited by guarantee (typically an association, club or management company), so it isn't run for profit. It is excluded from our opportunity lists.
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: “M D Fischer and T W Perkin”
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 | 31 Dec 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £11.5m | £9.1m | £8.5m | £8.1m |
| Cost of sales | £4.2m | £2.2m | £1.6m | £1.4m |
| Gross profit | £7.3m | £6.9m | £6.8m | £6.7m |
| Operating profit | £3.2k | −£2.5k | −£53.6k | −£496k |
| Profit before tax | £4k | £49.6k | £180k | −£226k |
| Profit after tax | £338k | £36.2k | £407k | −£242k |
| Profit (best available) | £338k | £36.2k | £407k | −£242k |
| Staff costs | £5.8m | £5.7m | £5.4m | £5.8m |
| Employees (average) | 121 | 111 | 103 | 101 |
| Ratios | ||||
| Profit margin | 2.9% | 0.4% | 4.8% | −3% |
| Gross margin | 63.5% | 75.9% | 80.7% | 83.3% |
| Revenue per employee | £95k | £82.2k | £82.3k | £80.2k |
| Profit per employee | £2.8k | £326 | £4k | −£2.4k |
| Cash conversion | 18775% | — | — | — |
| Growth (year on year) | ||||
| Revenue growth | — | ▼20.6% | ▼7.1% | ▼4.4% |
| Profit growth | — | ▼89.3% | ▲1023% | ▼159.4% |
| Headcount growth | — | ▼8.3% | ▼7.2% | ▼1.9% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £4.6m | £5.4m | £7.7m | £7.3m |
| Net assets | £2m | £2m | £2.4m | £2.2m |
| Fixed assets | £670k | £523k | £376k | £247k |
| Current assets | £7m | £8.2m | £9.6m | £9.1m |
| Debtors | £897k | £860k | £346k | £229k |
| Deferred income | £5.1m | £5.7m | £6.8m | £6.4m |
| Cash from operations | £606k | £978k | £2.1m | −£683k |
| Source | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Dec 2025 | FullAccounts · bulk data Sep 2026 |
How the business works
- Profit margin
- −3%
- Profit ÷ revenue.
- Gross margin
- 83.3%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £80.2k
- Revenue ÷ average employees.
- Profit per employee
- −£2.4k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 3%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 79.5%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 2.8%
- 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
- ▼10%
- Now £2.2m
- Cash at bank
- ▼6%
- Now £7.3m
- Headcount
- ▼2%
- Now 101
- Deferred income
- ▼5%
- Now £6.4m
- Fixed assets
- ▼34%
- Now £247k
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Similar profitable businesses
- Duetto Research LimitedLondon · Business and domestic software development
- Revenue
- £8.2m
- Profit
- £462k
- Staff
- 69
- Mutual Vision Technologies LimitedWilmslow · Business and domestic software development
- Revenue
- £8.2m
- Profit
- £312k
- Staff
- 82
- Stickee Technology LimitedAltrincham · Business and domestic software development
- Revenue
- £8.2m
- Profit
- £1.3m
- Staff
- 84
- Gmad Enterprise LtdLondon · Business and domestic software development
- Revenue
- £8.3m
- Profit
- £813k
- Staff
- 9
- Hyperexponential LtdLondon · Business and domestic software development
- Revenue
- £7.9m
- Profit
- £257k
- Staff
- 200
- Tink Financial Services LimitedLondon · Business and domestic software development
- Revenue
- £8.4m
- Profit
- £615k
- Staff
- 28
Sources
Latest figures from FullAccounts for the year to 31 Dec 2025 (profit −£242k), from the Companies House accounts bulk data published Sep 2026. 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.