How much does Bright Network (UK) Limited make?

Bright Network (UK) Limited reported revenue of £11.6m and a loss of £551k in the year to 31 Mar 2023, according to its accounts filed at Companies House.

How many employees does Bright Network (UK) Limited have?

Bright Network (UK) Limited reported an average of 149 employees in the year to 31 Mar 2023.

Is Bright Network (UK) Limited profitable?

No — Bright Network (UK) Limited reported a loss of £551k in the year to 31 Mar 2023.

Company No. 06386360 · Incorporated 1 Oct 2007

Bright Network (UK) Limited

Registered name: BRIGHT NETWORK (UK) LIMITED

Bright Network (UK) Limited made £11.6m revenue and a £551k loss in the year to 31 Mar 2023.

Bright Network (UK) Limited’s revenue grew 77% to £11.6m in the year to 31 Mar 2023, with a loss of £551k and 149 employees. The company is classified under “business and domestic software development” and is based in London; we hold 2 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 62012Business and domestic software development SIC 78109Other activities of employment placement agencies

Status: Active
Location: London, London
Age: 19 yrs · since 2007
Type: Private Limited Company

Latest accounts · year to 31 Mar 2023

Key figures

IndependentCash flow filed

Revenue

£11.6m

Growth ▲77.3%

Profit

−£551k

Growth —

Profit margin

−4.7%

Gross 62.3%

Employees

149

Change ▲86.3%

Profit / employee

−£3.7k

Revenue/employee £77.9k

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	31 Mar 2022	31 Mar 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£6.5m	£11.6m
Cost of sales	£1.8m	£4.4m
Gross profit	£4.7m	£7.2m
Operating profit	−£349k	−£600k
Profit before tax	−£349k	−£597k
Profit after tax	−£158k	−£551k
Profit (best available)	−£158k	−£551k
Employees (average)	80	149
Ratios
Profit margin	−2.4%	−4.7%
Gross margin	72.3%	62.3%
Revenue per employee	£81.8k	£77.9k
Profit per employee	−£2k	−£3.7k
Growth (year on year)
Revenue growth	—	▲77.3%
Headcount growth	—	▲86.3%
Balance sheet — indirect signals, not revenue
Cash at bank	£3.4m	£2.5m
Net assets	£4.6m	£4.1m
Fixed assets	£1.9m	£2.7m
Current assets	£4.8m	£4.8m
Debtors	£338k	£1m
Deferred income	£604k	£1.3m
Cash from operations	£1.1m	£730k
Source	FullAccounts · bulk data Nov 2023	FullAccounts · bulk data Nov 2023

Derived from the latest filing

How the business works

Profit margin: −4.7%; Profit ÷ revenue.
Gross margin: 62.3%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £77.9k; Revenue ÷ average employees.
Profit per employee: −£3.7k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 23%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 11.4%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 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: ▼10%; Now £4.1m
Cash at bank: ▼28%; Now £2.5m
Headcount: ▲86%; Now 149
Deferred income: ▲119%; Now £1.3m
Fixed assets: ▲41%; Now £2.7m

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

Minority corporate shareholders

Maven Capital Partners UK LLP

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 Mar 2023 (profit −£551k), from the Companies House accounts bulk data published Nov 2023. 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.