How much does Workchain Ltd make?

Workchain Ltd reported revenue of £13.2m and £168k profit in the year to 31 Mar 2025, according to its accounts filed at Companies House.

How many employees does Workchain Ltd have?

Workchain Ltd reported an average of 458 employees in the year to 31 Mar 2025.

Is Workchain Ltd profitable?

Yes — Workchain Ltd reported a profit of £168k in the year to 31 Mar 2025.

Company No. 05719828 · Incorporated 23 Feb 2006

Workchain Ltd

Registered name: WORKCHAIN LTD

Part of Workchain Holdings Ltd group

Workchain Ltd made £13.2m revenue and £168k profit in the year to 31 Mar 2025.

Workchain Ltd’s revenue fell 17% to £13.2m in the year to 31 Mar 2025, with £168k profit and 458 employees. The company is classified under “business and domestic software development” and is based in Derby; we hold 4 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 62012Business and domestic software development SIC 78200Temporary employment agency activities

Status: Active
Location: Derby, East Midlands
Age: 20 yrs · since 2006
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 Mar 2025

Key figures

Capital-light

Revenue

£13.2m

Growth ▼16.6%

Profit

£168k

Growth —

Profit margin

1.3%

Gross 19.1%

Employees

458

Change ▼21.3%

Profit / employee

£367

Revenue/employee £28.7k

Profitable streak

1yr

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	31 Mar 2022	31 Mar 2023	31 Mar 2024	31 Mar 2025
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£21.4m	£19.3m	£15.8m	£13.2m
Cost of sales	£16.5m	£14.9m	£12.4m	£10.6m
Gross profit	£4.9m	£4.4m	£3.4m	£2.5m
Operating profit	£1.7m	£749k	−£18.3k	£229k
Profit before tax	£1.7m	£748k	−£18.2k	£229k
Profit after tax	£1.5m	£729k	−£91k	£168k
Profit (best available)	£1.5m	£729k	−£91k	£168k
Staff costs	£18.9m	£17.8m	£14.5m	£12.3m
Employees (average)	775	733	582	458
Ratios
Profit margin	7.2%	3.8%	−0.6%	1.3%
Gross margin	22.8%	22.8%	21.3%	19.1%
Revenue per employee	£27.6k	£26.3k	£27.1k	£28.7k
Profit per employee	£2k	£995	−£156	£367
Cash conversion	55.2%	166%	—	—
Growth (year on year)
Revenue growth	—	▼9.8%	▼18.3%	▼16.6%
Profit growth	—	▼52.5%	▼112.5%	—
Headcount growth	—	▼5.4%	▼20.6%	▼21.3%
Balance sheet — indirect signals, not revenue
Cash at bank	£417k	£388k	£454k	£272k
Net assets	£2.4m	£2.6m	£2m	£1.6m
Fixed assets	£35.4k	£22.6k	£13.9k	£20.9k
Current assets	£4.6m	£3.9m	£3.1m	£3.3m
Debtors	£3m	£1.7m	£2.2m	£2m
Deferred income	£506k	£467k	£263k	£345k
Cash from operations	£950k	£1.2m	£249k	—
Source	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2024	FullAccounts · bulk data Dec 2025

Derived from the latest filing

How the business works

Profit margin: 1.3%; Profit ÷ revenue.
Gross margin: 19.1%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £28.7k; Revenue ÷ average employees.
Profit per employee: £367; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0.2%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 2.6%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 15.2%; 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: ▼18%; Now £1.6m
Cash at bank: ▼40%; Now £272k
Headcount: ▼21%; Now 458
Deferred income: ▲31%; Now £345k
Fixed assets: ▲51%; Now £20.9k

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

Workchain Holdings Ltdultimate parent75–100%
Workchain Ltdthis company

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

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 FullAccounts for the year to 31 Mar 2025 (profit £168k), 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.