Fincore Limited
Registered name: FINCORE LIMITED
Fincore Limited made £19.7m revenue and £814k profit in the year to 31 Dec 2025.
Fincore Limited’s revenue fell 7% to £19.7m in the year to 31 Dec 2025, with £814k profit and 33 employees. The company is classified under “other software publishing” and is based in London; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 19 yrs · since 2006
- Type
- Private Limited Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £18.8m | £20.4m | £21.1m | £19.7m |
| Cost of sales | £12m | £13.1m | £13.8m | £13.2m |
| Gross profit | £6.8m | £7.3m | £7.3m | £6.5m |
| Operating profit | £2.3m | £2.2m | £1.9m | £886k |
| Profit before tax | £2.4m | £2.3m | £2.2m | £1.1m |
| Profit after tax | £2.4m | £2.3m | £2.2m | £814k |
| Profit (best available) | £2.4m | £2.3m | £2.2m | £814k |
| Staff costs | £3.4m | £3.6m | £3.6m | £3.5m |
| Employees (average) | 37 | 36 | 35 | 33 |
| Ratios | ||||
| Profit margin | 12.5% | 11.3% | 10.3% | 4.1% |
| Gross margin | 36% | 35.6% | 34.6% | 33% |
| Revenue per employee | £508k | £567k | £603k | £597k |
| Profit per employee | £63.5k | £64.1k | £61.9k | £24.7k |
| Cash conversion | 152.8% | 94% | 53.4% | 89.7% |
| Growth (year on year) | ||||
| Revenue growth | — | ▲8.6% | ▲3.4% | ▼6.7% |
| Profit growth | — | ▼1.9% | ▼6% | ▼62.5% |
| Headcount growth | — | ▼2.7% | ▼2.8% | ▼5.7% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £6m | £8m | £7.2m | £6.2m |
| Net assets | £7.3m | £9.5m | £9.7m | £8.5m |
| Fixed assets | £555k | £500k | £440k | £436k |
| Current assets | £8.5m | £11.5m | £10.2m | £9.2m |
| Debtors | £921k | £816k | £1.1m | £1.2m |
| Deferred income | £983k | £1.7m | £333k | £513k |
| Cash from operations | £3.6m | £2.1m | £1m | £794k |
| Source | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2025 | FullAccounts · bulk data Sep 2026 |
How the business works
- Profit margin
- 4.1%
- Profit ÷ revenue.
- Gross margin
- 33%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £597k
- Revenue ÷ average employees.
- Profit per employee
- £24.7k
- Profit ÷ average employees.
- Cash conversion
- 89.7%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 2.2%
- 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
- 6%
- 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
- ▼12%
- Now £8.5m
- Cash at bank
- ▼15%
- Now £6.2m
- Headcount
- ▼6%
- Now 33
- Deferred income
- ▲54%
- Now £513k
- Fixed assets
- ▼1%
- Now £436k
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Subsidiaries (3)
- Fincore Group LimitedFigures not disclosed
- Fingaming Technologies LimitedFigures not disclosed
- Finworks LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Similar profitable businesses
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- Pendo.io UK LtdLondon · Other software publishing
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Sources
Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £814k), from the Companies House accounts bulk data published Sep 2026. 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.