Figure Out Limited
Registered name: FIGURE OUT LIMITED
Part of Openwork Partnership LLP groupFigure Out Limited made £2.8m revenue and £740k profit in the year to 31 Dec 2024.
Figure Out Limited’s revenue grew 45% to £2.8m in the year to 31 Dec 2024, with £740k profit. The company is classified under “information technology consultancy activities” and is based in Leeds; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Leeds
- Age
- 20 yrs · since 2006
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 |
|---|---|---|---|
| Disclosure | Profit & loss | Profit & loss | Profit & loss |
| Profit & loss | |||
| Revenue (turnover) | £1.6m | £1.9m | £2.8m |
| Operating profit | £198k | £438k | £990k |
| Profit before tax | £198k | £439k | £992k |
| Profit after tax | £149k | £342k | £740k |
| Profit (best available) | £149k | £342k | £740k |
| Employees (average) | 15 | 18 | — |
| Ratios | |||
| Profit margin | 9.3% | 17.6% | 26.3% |
| Revenue per employee | £107k | £108k | — |
| Profit per employee | £9.9k | £19k | — |
| Growth (year on year) | |||
| Revenue growth | — | ▲20.8% | ▲45.1% |
| Profit growth | — | ▲129.8% | ▲116.2% |
| Headcount growth | — | ▲20% | — |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Jun 2024 | Accounts · bulk data Jun 2024 | Accounts · bulk data Jul 2025 |
How the business works
- Profit margin
- 26.3%
- 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
- Openwork Partnership LLPultimate parent75–100%
- Openwork Holdings Limited75–100%
- Openwork Independent Solutions Limited75–100%
- 2 Plan Group Limited75–100%
- Figure Out Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (2)
- 2 Plan LimitedFigures not disclosed
- 2 Plan Wealth Management LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Dec 2024 (profit £740k), from the Companies House accounts bulk data published Jul 2025. Spotted an error? Request a correction.
Updated from Companies House on 25 Oct 2026