How much does Ud Software Solutions Group Limited make?

Ud Software Solutions Group Limited reported revenue of £5.6m and a loss of £299k in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does Ud Software Solutions Group Limited have?

Ud Software Solutions Group Limited reported an average of 55 employees in the year to 31 Dec 2023.

Is Ud Software Solutions Group Limited profitable?

No — Ud Software Solutions Group Limited reported a loss of £299k in the year to 31 Dec 2023.

Company No. 06904669 · Incorporated 13 May 2009

Ud Software Solutions Group Limited

Registered name: UD SOFTWARE SOLUTIONS GROUP LIMITED

Ud Software Solutions Group Limited made £5.6m revenue and a £299k loss in the year to 31 Dec 2023.

Ud Software Solutions Group Limited’s revenue grew 32% to £5.6m in the year to 31 Dec 2023, with a loss of £299k and 55 employees. The company is classified under “other professional, scientific and technical activities” and is based in Manchester; we hold 2 years of its filed accounts.

Full P&L filedSection M · Professional, scientific and technical activitiesSIC 74909Other professional, scientific and technical activities n.e.c.

Status: Active
Location: Manchester, North West
Age: 17 yrs · since 2009
Type: Private Limited Company

Latest accounts · year to 31 Dec 2023

Key figures

IndependentCapital-lightDoing more with lessCash flow filed

Revenue

£5.6m

Growth ▲31.5%

Profit

−£299k

Growth —

Profit margin

−5.3%

Gross 80.6%

Employees

Change ▼17.9%

Profit / employee

−£5.4k

Revenue/employee £102k

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 Dec 2022	31 Dec 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£4.3m	£5.6m
Cost of sales	£1.7m	£1.1m
Gross profit	£2.6m	£4.5m
Operating profit	−£2.5m	−£299k
Profit before tax	−£2.5m	−£299k
Profit after tax	−£2.6m	−£299k
Profit (best available)	−£2.6m	−£299k
Staff costs	£4.1m	£4m
Employees (average)	67	55
Ratios
Profit margin	−61.2%	−5.3%
Gross margin	60.9%	80.6%
Revenue per employee	£63.6k	£102k
Profit per employee	−£38.9k	−£5.4k
Growth (year on year)
Revenue growth	—	▲31.5%
Headcount growth	—	▼17.9%
Balance sheet — indirect signals, not revenue
Cash at bank	£3.4m	£4.5m
Net assets	−£3.7m	−£4m
Fixed assets	£328k	£41.7k
Current assets	£5m	£6.1m
Debtors	£1m	£806k
Deferred income	£504k	£736k
Cash from operations	£39.8k	£1.1m
Source	FullAccounts · bulk data May 2024	FullAccounts · bulk data May 2024

Derived from the latest filing

How the business works

Profit margin: −5.3%; Profit ÷ revenue.
Gross margin: 80.6%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £102k; Revenue ÷ average employees.
Profit per employee: −£5.4k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0.7%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 13.1%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 14.4%; 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 −£4m
Cash at bank: ▲32%; Now £4.5m
Headcount: ▼18%; Now 55
Deferred income: ▲46%; Now £736k
Fixed assets: ▼87%; Now £41.7k

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 2023 (profit −£299k), from the Companies House accounts bulk data published May 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.