How much does Epassi UK Limited make?

Epassi UK Limited reported revenue of £45.7m and a loss of £1.8m in the year to 31 Dec 2025, according to its accounts filed at Companies House.

Is Epassi UK Limited profitable?

No — Epassi UK Limited reported a loss of £1.8m in the year to 31 Dec 2025.

Company No. 03997432 · Incorporated 19 May 2000

Epassi UK Limited

Registered name: EPASSI UK LIMITED

Part of Wallet Jvco Limited group

Epassi UK Limited made £45.7m revenue and a £1.8m loss in the year to 31 Dec 2025.

Epassi UK Limited’s revenue grew 24% to £45.7m in the year to 31 Dec 2025, with a loss of £1.8m. The company is classified under “other human health activities” and is based in Haywards Heath; we hold 4 years of its filed accounts.

Full P&L filedSection Q · Human health and social workSIC 86900Other human health activities

Status: Active
Location: Haywards Heath, South East
Age: 26 yrs · since 2000
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 Dec 2025

Key figures

Revenue

£45.7m

Growth ▲24%

Profit

−£1.8m

Growth ▼259.8%

Profit margin

−3.9%

Gross 13.5%

Employees

—

Change —

Profit / employee

—

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 to	31 Dec 2022	31 Dec 2023	31 Dec 2024	31 Dec 2025
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£4.5m	£28.3m	£36.9m	£45.7m
Cost of sales	£3.8m	£24.3m	£31.9m	−£39.6m
Gross profit	£747k	£4m	£5m	£6.2m
Operating profit	£82.8k	£923k	£1.5m	−£39.3k
Profit before tax	£79k	£919k	£1.5m	−£1.8m
Profit after tax	£45.9k	£676k	£1.1m	−£1.8m
Profit (best available)	£45.9k	£676k	£1.1m	−£1.8m
Staff costs	£390k	£2m	£2.1m	—
Employees (average)	38	41	52	—
Ratios
Profit margin	1%	2.4%	3%	−3.9%
Gross margin	16.5%	14.2%	13.5%	13.5%
Revenue per employee	£119k	£691k	£709k	—
Profit per employee	£1.2k	£16.5k	£21.4k	—
Growth (year on year)
Revenue growth	—	—	▲30.2%	▲24%
Profit growth	—	—	▲64.6%	▼259.8%
Headcount growth	—	—	▲26.8%	—
Balance sheet — indirect signals, not revenue
Cash at bank	£1.5m	£2.8m	£3.1m	—
Net assets	£14.9k	£691k	£1.8m	—
Fixed assets	£62.7k	£152k	£623k	—
Current assets	£16.3m	£23m	£28.6m	—
Debtors	£6.3m	£8.2m	£10.7m	—
Deferred income	£13.3m	£18.5m	£24.2m	—
Source	FullAccounts · bulk data Apr 2024	FullAccounts · bulk data Apr 2024	FullAccounts · bulk data May 2025	Accounts · bulk data Aug 2026

Derived from the latest filing

How the business works

Profit margin: −3.9%; Profit ÷ revenue.
Gross margin: 13.5%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: —; Revenue ÷ average employees.
Profit per employee: —; 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: —; Now —
Deferred income: —; Now —
Fixed assets: —; Now —

Corporate ownership

Group structure

Ownership chain

Wallet Jvco Limitedultimate parent75–100%
Wallet Holdco 1 Limited75–100%
Wallet Holdco 2 Limited75–100%
Wallet Bidco Limited75–100%
Epassi UK Limitedthis company

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

Subsidiaries (1)

Zest Technology Group LimitedFigures not disclosed

Sister companies (1)

Epassi Clearing UK 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 Dec 2025 (profit −£1.8m), from the Companies House accounts bulk data published Aug 2026. Spotted an error? Request a correction.

Updated from Companies House on 13 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.