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Company No. 03866330 · Incorporated 27 Oct 1999

Blue Bear Systems Research Ltd

Registered name: BLUE BEAR SYSTEMS RESEARCH LTD

Blue Bear Systems Research Ltd made £8m revenue and a £1.4m loss in the year to 31 Dec 2025.

Blue Bear Systems Research Ltd’s revenue was £8m in the year to 31 Dec 2025, with a loss of £1.4m and 81 employees. The company is classified under “other business support service activities” and is based in London; we hold 4 years of its filed accounts.

Full P&L filedSection N · Administrative and support servicesSIC 82990Other business support service activities n.e.c.
Status
Active
Location
London, London
Age
26 yrs · since 1999
Type
Private Limited Company
Latest accounts · year to 31 Dec 2025

Key figures

IndependentCapital-lightCash flow filed
Revenue
£8m
Growth —
Profit
−£1.4m
Growth —
Profit margin
−18%
Gross 17.6%
Employees
81
Change —
Profit / employee
−£17.9k
Revenue/employee £99.3k
Profitable streak
0yrs
Consecutive profitable years in our data

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

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to30 Sep 202230 Sep 202331 Dec 202431 Dec 2025
DisclosureNo P&LFull P&LFull P&LFull P&L
Profit & loss
Revenue (turnover)—£7.3m£8.2m£8m
Cost of sales—£6.4m£6.3m£6.6m
Gross profit—£942k£1.9m£1.4m
Operating profit—£802k£986k−£1.7m
Profit before tax—£805k£1m−£1.7m
Profit after tax—£617k£556k−£1.4m
Profit (best available)—£617k£556k−£1.4m
Staff costs—£4.2m£6.2m£5.4m
Employees (average)77637881
Ratios
Profit margin—8.5%6.8%−18%
Gross margin—12.9%23.5%17.6%
Revenue per employee—£116k£105k£99.3k
Profit per employee—£9.8k£7.1k−£17.9k
Cash conversion—−89.5%166.6%—
Growth (year on year)
Headcount growth—▼18.2%——
Balance sheet — indirect signals, not revenue
Cash at bank£1.6m£738k£2.3m£1.2m
Net assets£4m£4.6m£5.1m£3.7m
Fixed assets£62k£69.2k£105k£101k
Current assets£4.9m£6.7m£5.6m£5m
Debtors£139k£3.8m£385k£420k
Deferred income£80.3k£195k£212k£893k
Cash from operations—−£718k£1.6m−£1m
SourceFullAccounts · bulk data Sep 2024FullAccounts · bulk data Sep 2024FullAccounts · bulk data Dec 2025FullAccounts · bulk data May 2026
Derived from the latest filing

How the business works

Profit margin
−18%
Profit ÷ revenue.
Gross margin
17.6%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£99.3k
Revenue ÷ average employees.
Profit per employee
−£17.9k
Profit ÷ average employees.
Cash conversion
—
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
1.3%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
11.1%
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
5.2%
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 £3.7m
Cash at bank
—
Now £1.2m
Headcount
—
Now 81
Deferred income
—
Now £893k
Fixed assets
—
Now £101k

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

Minority corporate shareholders

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 31 Dec 2025 (profit −£1.4m), from the Companies House accounts bulk data published May 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.