How much does Utility Bidder Limited make?

Utility Bidder Limited reported revenue of £22.7m and £1.1m profit in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Utility Bidder Limited have?

Utility Bidder Limited reported an average of 138 employees in the year to 31 Dec 2024.

Is Utility Bidder Limited profitable?

Yes — Utility Bidder Limited reported a profit of £1.1m in the year to 31 Dec 2024.

Company No. 06954978 · Incorporated 7 Jul 2009

Utility Bidder Limited

Registered name: UTILITY BIDDER LIMITED

Part of Barolo Finco Limited group

Utility Bidder Limited made £22.7m revenue and £1.1m profit in the year to 31 Dec 2024.

Utility Bidder Limited’s revenue grew 15% to £22.7m in the year to 31 Dec 2024, with £1.1m profit and 138 employees. The company is classified under “other business support service activities” and is based in London; we hold 3 years of its filed accounts.

Full P&L filedSection N · Administrative and support servicesSIC 82990Other business support service activities n.e.c.

Status: Active
Location: London, London
Age: 17 yrs · since 2009
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: “The immediate parent and controlling party is Utility Bidder Holdings Limited, its registered office address being Corby Innovation Hub, Bangrave Road South, Corby, England, NN17 1NN. The ultimate par”

Latest accounts · year to 31 Dec 2024

Key figures

Capital-light

Revenue

£22.7m

Growth ▲15.4%

Profit

£1.1m

Growth —

Profit margin

4.8%

Gross 52.2%

Employees

138

Change ▲1.5%

Profit / employee

£7.9k

Revenue/employee £165k

Profitable streak

1yr

Consecutive profitable years in our data

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

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023	31 Dec 2024
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£14.7m	£19.7m	£22.7m
Cost of sales	£6.7m	£8m	£10.9m
Gross profit	£8m	£11.7m	£11.9m
Operating profit	£1.9m	−£924k	£1.3m
Profit before tax	£1.8m	−£955k	£1.3m
Profit after tax	£1.5m	−£862k	£1.1m
Profit (best available)	£1.5m	−£862k	£1.1m
Staff costs	£4.9m	£6.8m	£8m
Employees (average)	115	136	138
Ratios
Profit margin	10.4%	−4.4%	4.8%
Gross margin	54.6%	59.4%	52.2%
Revenue per employee	£128k	£145k	£165k
Profit per employee	£13.3k	−£6.3k	£7.9k
Growth (year on year)
Revenue growth	—	▲33.7%	▲15.4%
Profit growth	—	▼156.2%	—
Headcount growth	—	▲18.3%	▲1.5%
Balance sheet — indirect signals, not revenue
Cash at bank	£3.1m	£3.3m	£3.9m
Net assets	£9.6m	£8.7m	£9.8m
Fixed assets	£592k	£683k	£293k
Current assets	£14.6m	£13.6m	£15.3m
Debtors	£194k	£366k	£1.2m
Deferred income	£2.2m	£2.1m	£2.7m
Source	Accounts · bulk data Sep 2024	Accounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2025

Derived from the latest filing

How the business works

Profit margin: 4.8%; Profit ÷ revenue.
Gross margin: 52.2%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £165k; Revenue ÷ average employees.
Profit per employee: £7.9k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 1.3%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 11.9%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 5.5%; 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: ▲13%; Now £9.8m
Cash at bank: ▲20%; Now £3.9m
Headcount: ▲1%; Now 138
Deferred income: ▲30%; Now £2.7m
Fixed assets: ▼57%; Now £293k

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

Barolo Finco Limitedultimate parent75–100%
Barolo Midco Limited75–100%
Barolo Bidco Limited75–100%
Smile Topco Limited75–100%
Smile Midco 1 Limited75–100%
Smile Midco 2 Limited75–100%
Smile Bidco Limited75–100%
Bionic Services Group Limited75–100%
Utility Bidder Holdings Limited75–100%
Utility Bidder Limitedthis company

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

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 Dec 2024 (profit £1.1m), from the Companies House accounts bulk data published Sep 2025. Spotted an error? Request a correction.

Updated from Companies House on 15 Oct 2026

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.