How much does Opencast Software Europe Limited make?

Opencast Software Europe Limited reported revenue of £49.9m and £2.5m profit in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does Opencast Software Europe Limited have?

Opencast Software Europe Limited reported an average of 431 employees in the year to 31 Dec 2023.

Is Opencast Software Europe Limited profitable?

Yes — Opencast Software Europe Limited reported a profit of £2.5m in the year to 31 Dec 2023.

Company No. 08047734 · Incorporated 26 Apr 2012

Opencast Software Europe Limited

Registered name: OPENCAST SOFTWARE EUROPE LIMITED

Part of Opencast Software Europe Holdings Limited group

Opencast Software Europe Limited made £49.9m revenue and £2.5m profit in the year to 31 Dec 2023.

Opencast Software Europe Limited’s revenue grew 38% to £49.9m in the year to 31 Dec 2023, with £2.5m profit and 431 employees. The company is classified under “information technology consultancy activities” and is based in Newcastle Upon Tyne; we hold 2 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 62020Information technology consultancy activities

Status: Active
Location: Newcastle Upon Tyne, North East
Age: 14 yrs · since 2012
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.

Latest accounts · year to 31 Dec 2023

Key figures

Capital-lightCash flow filed

Revenue

£49.9m

Growth ▲37.6%

Profit

£2.5m

Growth ▼44.4%

Profit margin

4.9%

Gross 34.2%

Employees

431

Change ▲67%

Profit / employee

£5.7k

Revenue/employee £116k

Profitable streak

2yrs

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)	£36.3m	£49.9m
Cost of sales	£23m	£32.9m
Gross profit	£13.3m	£17.1m
Operating profit	£4.2m	£3.3m
Profit before tax	£4.1m	£3.2m
Profit after tax	£4.4m	£2.5m
Profit (best available)	£4.4m	£2.5m
Staff costs	£18.1m	£30.6m
Employees (average)	258	431
Ratios
Profit margin	12.2%	4.9%
Gross margin	36.6%	34.2%
Revenue per employee	£141k	£116k
Profit per employee	£17.2k	£5.7k
Cash conversion	71.4%	101.9%
Growth (year on year)
Revenue growth	—	▲37.6%
Profit growth	—	▼44.4%
Headcount growth	—	▲67%
Balance sheet — indirect signals, not revenue
Cash at bank	£853k	£1.2m
Net assets	£4m	£5.8m
Fixed assets	£2m	£3.2m
Current assets	£9m	£8.3m
Debtors	£5.8m	£5.3m
Deferred income	£1.9m	£801k
Cash from operations	£3m	£3.4m
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024

Derived from the latest filing

How the business works

Profit margin: 4.9%; Profit ÷ revenue.
Gross margin: 34.2%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £116k; Revenue ÷ average employees.
Profit per employee: £5.7k; Profit ÷ average employees.
Cash conversion: 101.9%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 6.4%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 1.6%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 10.5%; 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: ▲44%; Now £5.8m
Cash at bank: ▲36%; Now £1.2m
Headcount: ▲67%; Now 431
Deferred income: ▼58%; Now £801k
Fixed assets: ▲64%; Now £3.2m

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

Opencast Software Europe Holdings Limitedultimate parent75–100%
Opencast Software Europe 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).

Same industry, similar size

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Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2023 (profit £2.5m), from the Companies House accounts bulk data published Sep 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.