How much does Bigchange Limited make?

Bigchange Limited reported revenue of £22.2m and a loss of £6.2m in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does Bigchange Limited have?

Bigchange Limited reported an average of 221 employees in the year to 31 Dec 2023.

Is Bigchange Limited profitable?

No — Bigchange Limited reported a loss of £6.2m in the year to 31 Dec 2023.

Company No. 08189817 · Incorporated 23 Aug 2012

Bigchange Limited

Registered name: BIGCHANGE LIMITED

Part of Bigchange Topco Limited group

Bigchange Limited made £22.2m revenue and a £6.2m loss in the year to 31 Dec 2023. read from filing text

Bigchange Limited’s revenue grew 47% to £22.2m in the year to 31 Dec 2023, with a loss of £6.2m and 221 employees. The company is classified under “other information technology service activities” and is based in Leeds; we hold 2 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 62090Other information technology service activities

Status: Active
Location: Leeds, Yorkshire and The Humber
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. From the filing: “The immediate parent company is BigChange Group Limited, a company registered in England and Wales.”

Latest accounts · year to 31 Dec 2023

Key figures

Capital-light

Revenue

£22.2m

Growth ▲47%

Profit

−£6.2m

Growth —

Profit margin

−28.1%

Gross 77.1%

Employees

221

Change ▲4.7%

Profit / employee

−£28.2k

Revenue/employee £101k

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&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£15.1m	£22.2m
Cost of sales	£4.3m	£5.1m
Gross profit	£10.8m	£17.1m
Operating profit	−£12.3m	−£8.7m
Profit before tax	−£12.4m	−£8.7m
Profit after tax	−£12.4m	−£6.2m
Profit (best available)	−£12.4m	−£6.2m
Staff costs	£17.3m	£17.4m
Employees (average)	211	221
Ratios
Profit margin	−82%	−28.1%
Gross margin	71.5%	77.1%
Revenue per employee	£71.6k	£101k
Profit per employee	−£58.7k	−£28.2k
Growth (year on year)
Revenue growth	—	▲47%
Headcount growth	—	▲4.7%
Balance sheet — indirect signals, not revenue
Cash at bank	£1m	£3.3m
Net assets	−£23.4m	−£28.8m
Fixed assets	£230k	£531k
Current assets	£6.5m	£11.9m
Debtors	£3m	£4.7m
Deferred income	£3.2m	£4.8m
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024

Derived from the latest filing

How the business works

Profit margin: −28.1%; Profit ÷ revenue.
Gross margin: 77.1%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £101k; Revenue ÷ average employees.
Profit per employee: −£28.2k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 2.4%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 21.4%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 21.3%; 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 −£28.8m
Cash at bank: ▲226%; Now £3.3m
Headcount: ▲5%; Now 221
Deferred income: ▲49%; Now £4.8m
Fixed assets: ▲131%; Now £531k

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

Bigchange Topco Limitedultimate parent75–100%
Bigchange Midco Limited75–100%
Bigchange Bidco Limited75–100%
Bigchange Group Limited75–100%
Bigchange 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

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2023 (profit −£6.2m), 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.