How much does Cyclescheme Limited make?

Cyclescheme Limited reported revenue of £16m and £7.5m profit in the year to 3 Jan 2026, according to its accounts filed at Companies House.

How many employees does Cyclescheme Limited have?

Cyclescheme Limited reported an average of 4 employees in the year to 3 Jan 2026.

Is Cyclescheme Limited profitable?

Yes — Cyclescheme Limited reported a profit of £7.5m in the year to 3 Jan 2026.

Company No. 05363678 · Incorporated 14 Feb 2005

Cyclescheme Limited

Registered name: CYCLESCHEME LIMITED

Part of Hawk Incentives Holdings Limited group

Cyclescheme Limited made £16m revenue and £7.5m profit in the year to 3 Jan 2026. read from filing text

Cyclescheme Limited’s revenue grew 4% to £16m in the year to 3 Jan 2026, with £7.5m profit and 4 employees. The company is classified under “other retail sale of new goods in specialised stores (not commercial art galleries and opticians)” and is based in Hemel Hempstead; we hold 3 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 47789Other retail sale of new goods in specialised stores (not commercial art galleries and opticians)SIC 82990Other business support service activities n.e.c.

Status: Active
Location: Hemel Hempstead, South East
Age: 21 yrs · since 2005
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 3 Jan 2026

Key figures

Small teamCapital-light

Revenue

£16m

Growth ▲4.1%

Profit

£7.5m

Growth ▲1.3%

Profit margin

46.9%

Gross 100%

Employees

Change 0%

Profit / employee

£1.9m

Revenue/employee £4m

Profitable streak

3yrs

Consecutive profitable years in our data

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

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	30 Dec 2023	28 Dec 2024	3 Jan 2026
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£15m	£15.4m	£16m
Gross profit	£15m	£15.4m	£16m
Operating profit	£8m	£8.3m	£8.5m
Profit before tax	£9.1m	£10m	£10m
Profit after tax	£7.2m	£7.4m	£7.5m
Profit (best available)	£7.2m	£7.4m	£7.5m
Employees (average)	4	4	4
Ratios
Profit margin	47.9%	48.2%	46.9%
Gross margin	100%	100%	100%
Revenue per employee	£3.7m	£3.8m	£4m
Profit per employee	£1.8m	£1.9m	£1.9m
Growth (year on year)
Revenue growth	—	▲2.7%	▲4.1%
Profit growth	—	▲3.3%	▲1.3%
Headcount growth	—	0%	0%
Balance sheet — indirect signals, not revenue
Cash at bank	£40.9m	£39.6m	£39m
Net assets	£8.7m	£16.1m	£8.6m
Fixed assets	£24k	£11k	£0
Debtors	£4.9m	£6m	£6.5m
Deferred income	£4.1m	£5.8m	£7.5m
Source	FullAccounts · bulk data Nov 2025	FullAccounts · bulk data Nov 2025	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: 46.9%; Profit ÷ revenue.
Gross margin: 100%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £4m; Revenue ÷ average employees.
Profit per employee: £1.9m; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 47%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 40.8%; 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: ▼47%; Now £8.6m
Cash at bank: ▼2%; Now £39m
Headcount: 0%; Now 4
Deferred income: ▲29%; Now £7.5m
Fixed assets: ▼100%; Now £0

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

Ownership chain

Hawk Incentives Holdings Limitedultimate parent75–100%
Cyclescheme Limitedthis company

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

Sister companies (1)

Blackhawk Network Emea LimitedRev. £184m · Profit £16m

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 3 Jan 2026 (profit £7.5m), from the Companies House accounts bulk data published Sep 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.