How much does Codethink Limited make?

Codethink Limited reported revenue of £20.5m and £5.3m profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Codethink Limited have?

Codethink Limited reported an average of 119 employees in the year to 31 Dec 2025.

Is Codethink Limited profitable?

Yes — Codethink Limited reported a profit of £5.3m in the year to 31 Dec 2025.

Company No. 06061216 · Incorporated 22 Jan 2007

Codethink Limited

Registered name: CODETHINK LIMITED

Codethink Limited made £20.5m revenue and £5.3m profit in the year to 31 Dec 2025. read from filing text

Codethink Limited’s revenue fell 2% to £20.5m in the year to 31 Dec 2025, with £5.3m profit and 119 employees. The company is classified under “information technology consultancy activities” and is based in Manchester; we hold 4 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 62020Information technology consultancy activities

Status: Active
Location: Manchester, North West
Age: 19 yrs · since 2007
Type: Private Limited Company

Latest accounts · year to 31 Dec 2025

Key figures

IndependentCapital-lightCash flow filed

Revenue

£20.5m

Growth ▼1.6%

Profit

£5.3m

Growth ▼15%

Profit margin

26%

Gross 45.7%

Employees

119

Change ▲9.2%

Profit / employee

£44.9k

Revenue/employee £173k

Profitable streak

4yrs

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 2022	31 Dec 2023	31 Dec 2024	31 Dec 2025
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)	£12.5m	£15.9m	£20.9m	£20.5m
Cost of sales	£6.9m	£7.7m	£10.2m	£11.1m
Gross profit	£5.6m	£8.2m	£10.7m	£9.4m
Operating profit	£4.5m	£5.9m	£8.4m	£6.3m
Profit before tax	£4.5m	£5.9m	£8.4m	£6.4m
Profit after tax	£3.7m	£4.7m	£6.3m	£5.3m
Profit (best available)	£3.7m	£4.7m	£6.3m	£5.3m
Staff costs	£6.1m	£6.7m	£8.1m	£8.5m
Employees (average)	90	100	109	119
Ratios
Profit margin	29.5%	29.2%	30.1%	26%
Gross margin	44.6%	51.5%	51.1%	45.7%
Revenue per employee	£139k	£159k	£191k	£173k
Profit per employee	£40.9k	£46.6k	£57.7k	£44.9k
Cash conversion	−98.7%	−99.1%	−108.6%	−99%
Growth (year on year)
Revenue growth	—	▲27.8%	▲30.9%	▼1.6%
Profit growth	—	▲26.6%	▲35%	▼15%
Headcount growth	—	▲11.1%	▲9%	▲9.2%
Balance sheet — indirect signals, not revenue
Cash at bank	£4.7m	£6.3m	£9.6m	£9.4m
Net assets	£5.7m	£7.2m	£9.5m	£10.9m
Fixed assets	£349k	£365k	£502k	£477k
Current assets	£7.5m	£9.8m	£12.3m	£11.6m
Debtors	£2.4m	£2.8m	£1.9m	£1.4m
Deferred income	£1.1m	£1.7m	£1.4m	£471k
Cash from operations	−£4.5m	−£5.8m	−£9.1m	−£6.2m
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2025	FullAccounts · bulk data Aug 2026

Derived from the latest filing

How the business works

Profit margin: 26%; Profit ÷ revenue.
Gross margin: 45.7%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £173k; Revenue ÷ average employees.
Profit per employee: £44.9k; Profit ÷ average employees.
Cash conversion: −99%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 2.3%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 2.3%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 7%; 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: ▲14%; Now £10.9m
Cash at bank: ▼2%; Now £9.4m
Headcount: ▲9%; Now 119
Deferred income: ▼67%; Now £471k
Fixed assets: ▼5%; Now £477k

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £5.3m), from the Companies House accounts bulk data published Aug 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.