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Company No. 09091884 · Incorporated 18 Jun 2014

Steamforged Games Ltd

Registered name: STEAMFORGED GAMES LTD

Part of Steamforged Holdings Limited group

Steamforged Games Ltd made £13.6m revenue and £1.4m profit in the year to 31 Mar 2024. read from filing text

Steamforged Games Ltd’s revenue grew 91% to £13.6m in the year to 31 Mar 2024, with £1.4m profit and 37 employees. The company is classified under “retail sale via mail order houses or via internet” and is based in Salford; we hold 3 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 47910Retail sale via mail order houses or via Internet
Status
Active
Location
Salford, North West
Age
12 yrs · since 2014
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”

Latest accounts · year to 31 Mar 2024

Key figures

Doing more with less
Revenue
£13.6m
Growth ▲91.1%
Profit
£1.4m
Growth —
Profit margin
10.4%
Gross 40.8%
Employees
37
Change ▼28.8%
Profit / employee
£38.5k
Revenue/employee £368k
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 to31 Mar 202231 Mar 202331 Mar 2024
DisclosureNo P&LFull P&Lread from filing textFull P&Lread from filing text
Profit & loss
Revenue (turnover)—£7.1m£13.6m
Cost of sales—£4.7m£8.1m
Gross profit—£2.5m£5.6m
Operating profit—−£1.8m£1.4m
Profit before tax—−£1.8m£1.4m
Profit after tax—−£2m£1.4m
Profit (best available)—−£2m£1.4m
Staff costs—£1.9m£1.7m
Employees (average)435237
Ratios
Profit margin—−28.6%10.4%
Gross margin—34.8%40.8%
Revenue per employee—£137k£368k
Profit per employee—−£39.2k£38.5k
Growth (year on year)
Revenue growth——▲91.1%
Headcount growth—▲20.9%▼28.8%
Balance sheet — indirect signals, not revenue
Cash at bank£660k£2.1m£3.8m
Net assets−£4.2m−£6.3m−£4.8m
Fixed assets£2.1m£2.4m£2.9m
Current assets£6.3m£10.7m£9.4m
Debtors£461k£422k£248k
Deferred income—£13.8m£12.5m
SourceFullAccounts · bulk data Mar 2024FullAccounts · bulk data Mar 2024FullAccounts · bulk data Mar 2025
Derived from the latest filing

How the business works

Profit margin
10.4%
Profit ÷ revenue.
Gross margin
40.8%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£368k
Revenue ÷ average employees.
Profit per employee
£38.5k
Profit ÷ average employees.
Cash conversion
—
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
21.6%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
92.1%
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
1.8%
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 −£4.8m
Cash at bank
▲82%
Now £3.8m
Headcount
▼29%
Now 37
Deferred income
▼9%
Now £12.5m
Fixed assets
▲22%
Now £2.9m

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

  1. Steamforged Holdings Limitedultimate parent75–100%
  2. Steamforged Games Ltdthis company

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

Sister companies (2)

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Latest figures from FullAccounts for the year to 31 Mar 2024 (profit £1.4m), from the Companies House accounts bulk data published Mar 2025. 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.