How much does Masternaut Limited make?

Masternaut Limited reported revenue of £33.6m and a loss of £15.8m in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Masternaut Limited have?

Masternaut Limited reported an average of 214 employees in the year to 31 Dec 2025.

Is Masternaut Limited profitable?

No — Masternaut Limited reported a loss of £15.8m in the year to 31 Dec 2025.

Company No. 07848318 · Incorporated 15 Nov 2011

Masternaut Limited

Registered name: MASTERNAUT LIMITED

Masternaut Limited made £33.6m revenue and a £15.8m loss in the year to 31 Dec 2025.

Masternaut Limited’s revenue grew 1% to £33.6m in the year to 31 Dec 2025, with a loss of £15.8m and 214 employees. The company is classified under “business and domestic software development” and is based in Leeds; we hold 2 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 62012Business and domestic software development

Status: Active
Location: Leeds, Yorkshire and The Humber
Age: 14 yrs · since 2011
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: “Masternaut Holdings Limited, whose registered address is Priory Park, Great North Road, Aberford, Leeds, LS25 3DF owns the entire issued share capital of the Company.Masternaut Bidco Limited is the Co”

Latest accounts · year to 31 Dec 2025

Key figures

Doing more with less

Revenue

£33.6m

Growth ▲1.1%

Profit

−£15.8m

Growth —

Profit margin

−47.2%

Gross 74.6%

Employees

214

Change ▼2.3%

Profit / employee

−£74k

Revenue/employee £157k

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 2024	31 Dec 2025
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£33.2m	£33.6m
Cost of sales	£8.5m	£8.5m
Gross profit	£24.7m	£25m
Operating profit	−£13m	−£11.4m
Profit before tax	−£16.6m	−£15.4m
Profit after tax	−£16.9m	−£15.8m
Profit (best available)	−£16.9m	−£15.8m
Staff costs	£24.8m	£25m
Employees (average)	219	214
Ratios
Profit margin	−50.9%	−47.2%
Gross margin	74.3%	74.6%
Revenue per employee	£152k	£157k
Profit per employee	−£77.2k	−£74k
Growth (year on year)
Revenue growth	—	▲1.1%
Headcount growth	—	▼2.3%
Balance sheet — indirect signals, not revenue
Cash at bank	£277k	£299k
Net assets	−£17.4m	−£13.3m
Fixed assets	£39.2m	£50m
Current assets	£13.2m	£13.8m
Debtors	£2.7m	£2.6m
Deferred income	£513k	£742k
Source	FullAccounts · bulk data Sep 2026	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: −47.2%; Profit ÷ revenue.
Gross margin: 74.6%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £157k; Revenue ÷ average employees.
Profit per employee: −£74k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 148.8%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 2.2%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 7.6%; 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 −£13.3m
Cash at bank: ▲8%; Now £299k
Headcount: ▼2%; Now 214
Deferred income: ▲45%; Now £742k
Fixed assets: ▲27%; Now £50m

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

Masternaut Bidco Limited

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 2025 (profit −£15.8m), from the Companies House accounts bulk data published Sep 2026. 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.