How much does Ciphr Benefits Limited make?

Ciphr Benefits Limited reported revenue of £4m and £757k profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

Is Ciphr Benefits Limited profitable?

Yes — Ciphr Benefits Limited reported a profit of £757k in the year to 31 Dec 2025.

Company No. 04882384 · Incorporated 29 Aug 2003

Ciphr Benefits Limited

Registered name: CIPHR BENEFITS LIMITED

Part of Bletchley Topco Limited group

Ciphr Benefits Limited made £4m revenue and £757k profit in the year to 31 Dec 2025.

Ciphr Benefits Limited’s revenue was £4m in the year to 31 Dec 2025, with £757k profit. The company is classified under “business and domestic software development” and is based in Reading; we hold 4 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 62012Business and domestic software development SIC 66190Activities auxiliary to financial intermediation n.e.c.

Status: Active
Location: Reading, South East
Age: 23 yrs · since 2003
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.

Latest accounts · year to 31 Dec 2025

Key figures

Revenue

£4m

Growth —

Profit

£757k

Growth —

Profit margin

19.1%

Gross 79.5%

Employees

—

Change —

Profit / employee

—

Profitable streak

4yrs

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	30 Sep 2023	30 Sep 2024	31 Dec 2024	31 Dec 2025
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£2.5m	£2.7m	£2.7m	£4m
Cost of sales	−£550k	−£593k	−£593k	−£813k
Gross profit	£2m	£2.1m	£2.1m	£3.2m
Operating profit	£558k	£564k	£564k	£867k
Profit before tax	£564k	£571k	£571k	£867k
Profit after tax	£444k	£433k	£433k	£757k
Profit (best available)	£444k	£433k	£433k	£757k
Employees (average)	—	—	—	—
Ratios
Profit margin	17.7%	16.2%	16.2%	19.1%
Gross margin	78.1%	77.8%	77.8%	79.5%
Growth (year on year)
Revenue growth	—	▲6.5%	—	—
Profit growth	—	▼2.4%	—	—
Balance sheet — indirect signals, not revenue
Net assets	—	—	—	—
Source	Accounts · bulk data Jul 2025	Accounts · bulk data Jul 2025	Accounts · bulk data Aug 2026	Accounts · bulk data Aug 2026

Derived from the latest filing

How the business works

Profit margin: 19.1%; Profit ÷ revenue.
Gross margin: 79.5%; 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

Bletchley Topco Limitedultimate parent75–100%
Bletchley Midco Limited75–100%
Bletchley Bidco Limited75–100%
Ciphr Holdings Limited75–100%
Ciphr Group Limited75–100%
Ciphr Benefits Group Limited75–100%
Ciphr Benefits Limitedthis company

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

Sister companies (6)

Ciphr Benefits Systems LimitedRev. £1.9m · Profit £147k
Fair Care Childcare Vouchers LimitedRev. £131k · Profit £45.4k
Avantus HR LimitedFigures not disclosed
Avantus LimitedFigures not disclosed
Avantus People Solutions LimitedFigures not disclosed
Avantus Resources 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 £757k), 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.