How much does Wattbike Limited make?

Wattbike Limited reported revenue of £12.5m and a loss of £5.2m in the year to 30 Sep 2024, according to its accounts filed at Companies House.

How many employees does Wattbike Limited have?

Wattbike Limited reported an average of 53 employees in the year to 30 Sep 2024.

Is Wattbike Limited profitable?

No — Wattbike Limited reported a loss of £5.2m in the year to 30 Sep 2024.

Company No. 05554245 · Incorporated 5 Sep 2005

Wattbike Limited

Registered name: WATTBIKE LIMITED

Part of Interactive Strength Inc. group

Wattbike Limited made £12.5m revenue and a £5.2m loss in the year to 30 Sep 2024. read from filing text

Wattbike Limited’s revenue fell 8% to £12.5m in the year to 30 Sep 2024, with a loss of £5.2m and 53 employees. The company is classified under “manufacture of sports goods” and is based in Nottingham; we hold 4 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 32300Manufacture of sports goods

Status: Active
Location: Nottingham, East Midlands
Age: 21 yrs · since 2005
Type: Private Limited Company

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. From the filing: “The immediate parent company is Wattbike (Holdings) Limited, incorporated in England and Wales.”

Latest accounts · year to 30 Sep 2024

Key figures

Capital-light

Revenue

£12.5m

Growth ▼8.3%

Profit

−£5.2m

Growth —

Profit margin

−41.3%

Gross 28.6%

Employees

Change ▼10.2%

Profit / employee

−£97.5k

Revenue/employee £236k

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.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	30 Sep 2021	30 Sep 2022	30 Sep 2023	30 Sep 2024
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£32.1m	£20.4m	£13.6m	£12.5m
Cost of sales	£21.8m	£14.3m	£10.5m	£8.9m
Gross profit	£10.2m	£6.1m	£3.1m	£3.6m
Operating profit	£1.6m	−£5.3m	−£5.6m	−£3.2m
Profit before tax	£1.1m	−£6.9m	−£6.4m	−£5m
Profit after tax	£1.1m	£6.3m	−£6.6m	−£5.2m
Profit (best available)	£1.1m	£6.3m	−£6.6m	−£5.2m
Staff costs	£3.4m	£3.4m	£2.9m	£2.5m
Employees (average)	70	76	59	53
Ratios
Profit margin	3.4%	30.8%	−48.3%	−41.3%
Gross margin	32%	29.8%	22.7%	28.6%
Revenue per employee	£458k	£268k	£231k	£236k
Profit per employee	£15.6k	£82.7k	−£112k	−£97.5k
Growth (year on year)
Revenue growth	—	▼36.4%	▼33.1%	▼8.3%
Profit growth	—	▲474.7%	▼204.7%	—
Headcount growth	—	▲8.6%	▼22.4%	▼10.2%
Balance sheet — indirect signals, not revenue
Cash at bank	£4.3m	£1.9m	£360k	£755k
Net assets	£2.4m	−£3.9m	−£10.5m	−£15.8m
Fixed assets	£3.1m	£652k	£400k	£315k
Current assets	£11.4m	£10.6m	£4.3m	£4.8m
Debtors	£2.1m	£1.7m	£1.1m	£1.7m
Deferred income	£1.5m	£1.2m	£853k	£1.2m
Source	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Jun 2024	FullAccounts · bulk data Dec 2025

Derived from the latest filing

How the business works

Profit margin: −41.3%; Profit ÷ revenue.
Gross margin: 28.6%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £236k; Revenue ÷ average employees.
Profit per employee: −£97.5k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 2.5%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 9.3%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 13.5%; 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 −£15.8m
Cash at bank: ▲110%; Now £755k
Headcount: ▼10%; Now 53
Deferred income: ▲36%; Now £1.2m
Fixed assets: ▼21%; Now £315k

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

Interactive Strength Inc.ultimate parent75–100%
Wattbike (Holdings) Limited75–100%
Wattbike Limitedthis company

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

Sister companies (1)

Wattbike IP LimitedFigures not disclosed

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 30 Sep 2024 (profit −£5.2m), 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.