How much does Wessex Internet Limited make?

Wessex Internet Limited reported revenue of £4.8m and a loss of £8m in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does Wessex Internet Limited have?

Wessex Internet Limited reported an average of 213 employees in the year to 31 Dec 2023.

Is Wessex Internet Limited profitable?

No — Wessex Internet Limited reported a loss of £8m in the year to 31 Dec 2023.

Company No. 06258070 · Incorporated 24 May 2007

Wessex Internet Limited

Registered name: WESSEX INTERNET LIMITED

Part of Aberdeen Group PLC group

Wessex Internet Limited made £4.8m revenue and a £8m loss in the year to 31 Dec 2023.

Wessex Internet Limited’s revenue was £4.8m in the year to 31 Dec 2023, with a loss of £8m and 213 employees. The company is classified under “wired telecommunications activities” and is based in Blandford; we hold 2 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 61100Wired telecommunications activities

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

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: “Wessex Midco Limited”

Latest accounts · year to 31 Dec 2023

Key figures

Revenue

£4.8m

Growth —

Profit

−£8m

Growth —

Profit margin

−167.1%

Gross 77%

Employees

213

Change —

Profit / employee

−£37.5k

Revenue/employee £22.4k

Profitable streak

0yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	30 Sep 2022	31 Dec 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£3.2m	£4.8m
Cost of sales	£450k	£1.1m
Gross profit	£2.8m	£3.7m
Operating profit	−£1.6m	−£5.4m
Profit before tax	−£2.1m	−£8m
Profit after tax	−£1.8m	−£8m
Profit (best available)	−£1.8m	−£8m
Staff costs	£5.6m	£4.3m
Employees (average)	138	213
Ratios
Profit margin	−55.4%	−167.1%
Gross margin	86%	77%
Revenue per employee	£23.2k	£22.4k
Profit per employee	−£12.9k	−£37.5k
Balance sheet — indirect signals, not revenue
Cash at bank	£584k	£72.2k
Net assets	−£2.1m	−£10.1m
Fixed assets	£18.7m	£39.5m
Current assets	£1m	£3.9m
Debtors	£121k	£472k
Deferred income	£7.9m	£10.9m
Source	Accounts · bulk data Jul 2024	Accounts · bulk data Jul 2024

Derived from the latest filing

How the business works

Profit margin: −167.1%; Profit ÷ revenue.
Gross margin: 77%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £22.4k; Revenue ÷ average employees.
Profit per employee: −£37.5k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 826.4%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 228.8%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 9.9%; 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: —; Now −£10.1m
Cash at bank: —; Now £72.2k
Headcount: —; Now 213
Deferred income: —; Now £10.9m
Fixed assets: —; Now £39.5m

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

Aberdeen Group PLCultimate parent75–100%
Abrdn Holdings Limited75–100%
Abrdn Investments Limited50–75%
Fibre River Ltd75–100%
Wessex Internet Midco Limited75–100%
Wessex Internet Limitedthis company

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

Subsidiaries (1)

Ranston LimitedFigures not disclosed

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 accounts for the year to 31 Dec 2023 (profit −£8m), from the Companies House accounts bulk data published Jul 2024. 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.