Bionic Financial Services Limited
Registered name: BIONIC FINANCIAL SERVICES LIMITED
Part of Barolo Finco Limited groupBionic Financial Services Limited made £2.2m revenue and a £3m loss in the year to 31 Mar 2024.
Bionic Financial Services Limited’s revenue grew 11% to £2.2m in the year to 31 Mar 2024, with a loss of £3m and 0 employees. The company is classified under “non-life insurance” and is based in London; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- London
- Age
- 15 yrs · since 2011
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 31 Mar 2023 | 31 Mar 2024 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £2m | £2.2m |
| Cost of sales | −£632k | −£904k |
| Gross profit | £1.4m | £1.3m |
| Operating profit | −£798k | −£3m |
| Profit before tax | −£798k | −£3m |
| Profit after tax | −£969k | −£3m |
| Profit (best available) | −£969k | −£3m |
| Employees (average) | 0 | 0 |
| Ratios | ||
| Profit margin | −48% | −135.2% |
| Gross margin | 68.7% | 59.6% |
| Growth (year on year) | ||
| Revenue growth | — | ▲10.6% |
| Balance sheet — indirect signals, not revenue | ||
| Net assets | — | — |
| Source | Accounts · bulk data Aug 2024 | Accounts · bulk data Aug 2024 |
How the business works
- Profit margin
- −135.2%
- Profit ÷ revenue.
- Gross margin
- 59.6%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- —
- Revenue ÷ average employees.
- Profit per employee
- —
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- Money owed by customers. Low = customers pay quickly.
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 —
- Cash at bank
- —
- Now —
- Headcount
- —
- Now 0
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
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%
- Bionic Financial Services Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (12)
- Bionic Services LimitedFigures not disclosed
- Business Comparison Group LimitedFigures not disclosed
- Business Essential Services LimitedFigures not disclosed
- Make IT Cheaper Financial Services LimitedFigures not disclosed
- Make IT Cheaper Group LimitedFigures not disclosed
- Make IT Cheaper LimitedFigures not disclosed
- Make IT Cheaper Trustees LimitedFigures not disclosed
- SK Utilities LtdFigures not disclosed
- Think Business Finance LimitedFigures not disclosed
- Triple S Promotions LtdFigures not disclosed
- Under B1 LimitedFigures not disclosed
- Utility Bidder Holdings LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Mar 2024 (profit −£3m), from the Companies House accounts bulk data published Aug 2024. Spotted an error? Request a correction.
Updated from Companies House on 16 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.