How much does Shearwater Group PLC make?

Shearwater Group PLC reported revenue of £39.5m and a loss of £12m in the year to 30 Jun 2025, according to its accounts filed at Companies House.

How many employees does Shearwater Group PLC have?

Shearwater Group PLC reported an average of 89 employees in the year to 30 Jun 2025.

Is Shearwater Group PLC profitable?

No — Shearwater Group PLC reported a loss of £12m in the year to 30 Jun 2025.

Company No. 05059457 · Incorporated 1 Mar 2004

Shearwater Group PLC

Registered name: SHEARWATER GROUP PLC

Shearwater Group PLC made £39.5m revenue and a £12m loss in the year to 30 Jun 2025.

Shearwater Group PLC’s revenue was £39.5m in the year to 30 Jun 2025, with a loss of £12m and 89 employees. The company is classified under “other information technology service activities” and is based in London; we hold 2 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 62090Other information technology service activities

Status: Active
Location: London, London
Age: 22 yrs · since 2004
Type: Public Limited Company

Latest accounts · year to 30 Jun 2025

Key figures

Independent

Revenue

£39.5m

Growth —

Profit

−£12m

Growth —

Profit margin

−30.3%

Gross 24.2%

Employees

Change —

Profit / employee

−£134k

Revenue/employee £444k

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.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	30 Jun 2024	30 Jun 2025
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£24.4m	£39.5m
Cost of sales	−£17.5m	−£30m
Gross profit	£6.9m	£9.6m
Operating profit	−£3.2m	−£13.5m
Profit before tax	−£3.2m	−£13.4m
Profit after tax	−£2.1m	−£12m
Profit (best available)	−£2.1m	−£12m
Employees (average)	94	89
Ratios
Profit margin	−8.6%	−30.3%
Gross margin	28.3%	24.2%
Revenue per employee	£260k	£444k
Profit per employee	−£22.4k	−£134k
Balance sheet — indirect signals, not revenue
Net assets	—	—
Source	Accounts · bulk data Feb 2026	Accounts · bulk data Feb 2026

Derived from the latest filing

How the business works

Profit margin: −30.3%; Profit ÷ revenue.
Gross margin: 24.2%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £444k; Revenue ÷ average employees.
Profit per employee: −£134k; 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 89
Deferred income: —; Now —
Fixed assets: —; Now —

Corporate ownership

Group structure

Subsidiaries (3)

Pentest LimitedRev. £3.7m · Profit −£510k
Securenvoy LimitedRev. £2.6m · Profit −£1.7m
Brookcourt Solutions 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 30 Jun 2025 (profit −£12m), from the Companies House accounts bulk data published Feb 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.