How much does Evaluate Limited make?

Evaluate Limited reported revenue of £79m and £18.8m profit in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Evaluate Limited have?

Evaluate Limited reported an average of 0 employees in the year to 31 Dec 2024.

Is Evaluate Limited profitable?

Yes — Evaluate Limited reported a profit of £18.8m in the year to 31 Dec 2024.

Company No. 05876322 · Incorporated 14 Jul 2006

Evaluate Limited

Registered name: EVALUATE LIMITED

Part of Caerus Debtco S.À R.L. group

Evaluate Limited made £79m revenue and £18.8m profit in the year to 31 Dec 2024.

Evaluate Limited’s revenue grew 15% to £79m in the year to 31 Dec 2024, with £18.8m profit and 0 employees. The company is classified under “data processing, hosting and related activities” and is based in London; we hold 4 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 63110Data processing, hosting and related activities SIC 63990Other information service activities n.e.c.

Status: Active
Location: London, London
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. From the filing: “Caerus UK 1 Limited”

Latest accounts · year to 31 Dec 2024

Key figures

Small teamCapital-lightDoing more with less

Revenue

£79m

Growth ▲15.4%

Profit

£18.8m

Growth —

Profit margin

23.8%

Gross 100%

Employees

Change ▼100%

Profit / employee

—

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 Dec 2021	31 Dec 2022	31 Dec 2023	31 Dec 2024
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£74.3m	£72.7m	£68.5m	£79m
Cost of sales	£5.2m	£5.1m	£4.9m	£0
Gross profit	£69m	£67.6m	£63.5m	£79m
Operating profit	£18.6m	£11.7m	−£22.1m	£22.5m
Profit before tax	£20.2m	£15.1m	−£18.8m	£24.2m
Profit after tax	£17.9m	£13.4m	−£19.3m	£18.8m
Profit (best available)	£17.9m	£13.4m	−£19.3m	£18.8m
Staff costs	£22.6m	£19m	£14.7m	£34k
Employees (average)	145	162	157	0
Ratios
Profit margin	24%	18.4%	−28.1%	23.8%
Gross margin	92.9%	93%	92.8%	100%
Revenue per employee	£512k	£449k	£436k	—
Profit per employee	£123k	£82.5k	−£123k	—
Growth (year on year)
Revenue growth	—	▼2.2%	▼5.8%	▲15.4%
Profit growth	—	▼25.1%	▼244%	—
Headcount growth	—	▲11.7%	▼3.1%	▼100%
Balance sheet — indirect signals, not revenue
Cash at bank	£5.5m	£4.2m	£12.7m	£4m
Net assets	£29.5m	£42.9m	£16.6m	£35.4m
Fixed assets	—	£6.6m	£4.3m	£2.3m
Current assets	£75.5m	£100m	£77.2m	£101m
Debtors	£21.6m	£25.7m	£18.9m	£25.7m
Deferred income	£39.5m	£48m	£36.7m	£39.5m
Source	Accounts · bulk data Dec 2023	Accounts · bulk data Dec 2023	Accounts · bulk data Sep 2024	FullAccounts · bulk data Aug 2025

Derived from the latest filing

How the business works

Profit margin: 23.8%; Profit ÷ revenue.
Gross margin: 100%; 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: 2.9%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 50%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 32.6%; 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: ▲113%; Now £35.4m
Cash at bank: ▼69%; Now £4m
Headcount: ▼100%; Now 0
Deferred income: ▲8%; Now £39.5m
Fixed assets: ▼48%; Now £2.3m

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

Caerus Debtco S.À R.L. (registered outside the UK register)ultimate parent75–100%
Caerus UK 1 Limited75–100%
Evaluate Limitedthis company

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

Sister companies (4)

C&D Intelligence U.K. LimitedFigures not disclosed
Caerus Services LimitedRev. — · Profit −£178k
Pharma Intelligence U.K. LimitedFigures not disclosed
Redwood Midco LimitedRev. — · Profit −£9.6m

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 Dec 2024 (profit £18.8m), from the Companies House accounts bulk data published Aug 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.