Learnd UK Limited
Registered name: LEARND UK LIMITED
Part of Learnd Group Holdings Limited groupLearnd UK Limited made £28.7m revenue and £1.7m profit in the year to 31 Dec 2023.
Learnd UK Limited’s revenue grew 54% to £28.7m in the year to 31 Dec 2023, with £1.7m profit and 174 employees. The company is classified under “activities of head offices” and is based in London; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 27 yrs · since 1999
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. 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: “learnd Limited”
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 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £18.7m | £28.7m |
| Cost of sales | £11.7m | £18.8m |
| Gross profit | £7m | £10m |
| Operating profit | £1.4m | £1.6m |
| Profit before tax | £1.6m | £1.7m |
| Profit after tax | £1.6m | £1.7m |
| Profit (best available) | £1.6m | £1.7m |
| Staff costs | £5.6m | £11.2m |
| Employees (average) | 106 | 174 |
| Ratios | ||
| Profit margin | 8.8% | 5.8% |
| Gross margin | 37.5% | 34.7% |
| Revenue per employee | £177k | £165k |
| Profit per employee | £15.5k | £9.5k |
| Growth (year on year) | ||
| Revenue growth | — | ▲53.6% |
| Profit growth | — | ▲0.9% |
| Headcount growth | — | ▲64.1% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £1.6m | £1.1m |
| Net assets | £3m | £4.8m |
| Fixed assets | £371k | £498k |
| Current assets | £13m | £14.8m |
| Debtors | £3.9m | £4.4m |
| Deferred income | £1.7m | £2.1m |
| Source | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2024 |
How the business works
- Profit margin
- 5.8%
- Profit ÷ revenue.
- Gross margin
- 34.7%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £165k
- Revenue ÷ average employees.
- Profit per employee
- £9.5k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 1.7%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 7.3%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 15.3%
- 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
- ▲59%
- Now £4.8m
- Cash at bank
- ▼30%
- Now £1.1m
- Headcount
- ▲64%
- Now 174
- Deferred income
- ▲25%
- Now £2.1m
- Fixed assets
- ▲34%
- Now £498k
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Learnd Group Holdings Limitedultimate parent50–75%
- Learnd Atlas Limited75–100%
- Learnd Nexus Limited75–100%
- Learnd Arrow Limited75–100%
- Learnd Limited75–100%
- Learnd UK Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Wems Energy Centre LimitedFigures not disclosed
Sister companies (6)
- Comfort Controls (Group) LimitedFigures not disclosed
- Complete Energy Controls Ltd.Figures not disclosed
- Crucible Holdings LimitedFigures not disclosed
- Enterprise Solutions Holdings LimitedFigures not disclosed
- Learnd Labs LimitedFigures not disclosed
- Safe & Sound Control Systems LtdFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Dec 2023 (profit £1.7m), from the Companies House accounts bulk data published Sep 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.