How much does Zwift UK Ltd make?

Zwift UK Ltd reported revenue of £13.6m and £2.3m profit in the year to 31 Mar 2025, according to its accounts filed at Companies House.

How many employees does Zwift UK Ltd have?

Zwift UK Ltd reported an average of 78 employees in the year to 31 Mar 2025.

Is Zwift UK Ltd profitable?

Yes — Zwift UK Ltd reported a profit of £2.3m in the year to 31 Mar 2025.

Company No. 04281821 · Incorporated 5 Sep 2001

Zwift UK Ltd

Registered name: ZWIFT UK LTD

Zwift UK Ltd made £13.6m revenue and £2.3m profit in the year to 31 Mar 2025.

Zwift UK Ltd’s revenue fell 31% to £13.6m in the year to 31 Mar 2025, with £2.3m profit and 78 employees. The company is classified under “business and domestic software development” and is based in Bristol; we hold 2 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 62012Business and domestic software development

Status: Active
Location: Bristol, South West
Age: 25 yrs · since 2001
Type: Private Limited Company

Latest accounts · year to 31 Mar 2025

Key figures

IndependentCapital-lightCash flow filed

Revenue

£13.6m

Growth ▼31.3%

Profit

£2.3m

Growth ▲80.5%

Profit margin

17%

Gross 98.9%

Employees

Change ▼13.3%

Profit / employee

£29.5k

Revenue/employee £174k

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 Mar 2024	31 Mar 2025
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£19.7m	£13.6m
Cost of sales	£206k	£145k
Gross profit	£19.5m	£13.4m
Operating profit	£2.3m	£829k
Profit before tax	£2.3m	£2.8m
Profit after tax	£1.3m	£2.3m
Profit (best available)	£1.3m	£2.3m
Employees (average)	90	78
Ratios
Profit margin	6.5%	17%
Gross margin	99%	98.9%
Revenue per employee	£219k	£174k
Profit per employee	£14.2k	£29.5k
Cash conversion	85.3%	−123.5%
Growth (year on year)
Revenue growth	—	▼31.3%
Profit growth	—	▲80.5%
Headcount growth	—	▼13.3%
Balance sheet — indirect signals, not revenue
Cash at bank	£2.3m	£1.2m
Net assets	£9.4m	£12.1m
Fixed assets	£2.1m	£1.4m
Current assets	£11.7m	£13m
Debtors	£2.7k	£11.9m
Deferred income	£934k	£352k
Cash from operations	£1.9m	−£1m
Source	FullAccounts · bulk data Dec 2025	FullAccounts · bulk data Dec 2025

Derived from the latest filing

How the business works

Profit margin: 17%; Profit ÷ revenue.
Gross margin: 98.9%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £174k; Revenue ÷ average employees.
Profit per employee: £29.5k; Profit ÷ average employees.
Cash conversion: −123.5%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 10%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 2.6%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 87.4%; 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: ▲28%; Now £12.1m
Cash at bank: ▼49%; Now £1.2m
Headcount: ▼13%; Now 78
Deferred income: ▼62%; Now £352k
Fixed assets: ▼34%; Now £1.4m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2025 (profit £2.3m), from the Companies House accounts bulk data published Dec 2025. 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.