Ciphr Benefits Group Limited
Registered name: CIPHR BENEFITS GROUP LIMITED
Part of Bletchley Topco Limited groupCiphr Benefits Group Limited made £0 revenue and £138k profit in the year to 31 Dec 2025.
Ciphr Benefits Group Limited’s revenue was £0 in the year to 31 Dec 2025, with £138k profit. The company is classified under “financial intermediation not elsewhere classified” and is based in Reading; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Reading, 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.
Key figures
Unusual figures. Profit is higher than revenue in this filing. That usually means investment income, dividends from subsidiaries or one-off gains — or a mis-tagged figure. Check the original filing before drawing conclusions.
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| 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) | £4m | £4.4m | £0 | £0 |
| Cost of sales | −£378k | −£397k | £0 | £0 |
| Gross profit | £3.6m | £4m | £0 | £0 |
| Operating profit | £780k | £848k | −£302k | £89.6k |
| Profit before tax | £895k | £991k | £606k | £89.6k |
| Profit after tax | £710k | £673k | £605k | £138k |
| Profit (best available) | £710k | £673k | £605k | £138k |
| Employees (average) | — | — | — | — |
| Ratios | ||||
| Profit margin | 17.6% | 15.4% | — | — |
| Gross margin | 90.6% | 90.9% | — | — |
| Growth (year on year) | ||||
| Revenue growth | — | ▲8.7% | — | — |
| Profit growth | — | ▼5.2% | — | — |
| 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 |
How the business works
- Profit margin
- —
- Profit ÷ revenue.
- Gross margin
- —
- 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.
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 —
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 Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (7)
- Ciphr Benefits LimitedRev. £4m · Profit £757k
- 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
Sister companies (5)
- Marshall Acm LtdRev. £1.6m · Profit £787k
- Payroll Business Solutions LimitedRev. £1.1m · Profit £181k
- Ciphr LimitedFigures not disclosed
- Source Shaper LimitedFigures not disclosed
- Tauro Investments LtdFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Dec 2025 (profit £138k), from the Companies House accounts bulk data published Aug 2026. Spotted an error? Request a correction.
Updated from Companies House on 12 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.