How much does Uphold Europe Limited make?

Uphold Europe Limited reported revenue of £14.4m and a loss of £6.5m in the year to 31 Dec 2022, according to its accounts filed at Companies House.

How many employees does Uphold Europe Limited have?

Uphold Europe Limited reported an average of 47 employees in the year to 31 Dec 2022.

Is Uphold Europe Limited profitable?

No — Uphold Europe Limited reported a loss of £6.5m in the year to 31 Dec 2022.

Company No. 09281410 · Incorporated 27 Oct 2014

Uphold Europe Limited

Registered name: UPHOLD EUROPE LIMITED

Uphold Europe Limited made £14.4m revenue and a £6.5m loss in the year to 31 Dec 2022. read from filing text

Uphold Europe Limited’s revenue fell 49% to £14.4m in the year to 31 Dec 2022, with a loss of £6.5m and 47 employees. The company is classified under “business and domestic software development” and is based in London; we hold 2 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 62012Business and domestic software development SIC 64999Financial intermediation not elsewhere classified

Status: Active
Location: London, London
Age: 11 yrs · since 2014
Type: Private Limited Company

Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.

Latest accounts · year to 31 Dec 2022

Key figures

Independent

Revenue

£14.4m

Growth ▼49.1%

Profit

−£6.5m

Growth ▼215%

Profit margin

−45.4%

Gross 95.3%

Employees

Change ▼19%

Profit / employee

−£139k

Revenue/employee £306k

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 2021	31 Dec 2022
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£28.2m	£14.4m
Cost of sales	£3.4m	£671k
Gross profit	£24.8m	£13.7m
Operating profit	£7.1m	−£6.7m
Profit before tax	£7.1m	−£6.7m
Profit after tax	£5.7m	−£6.5m
Profit (best available)	£5.7m	−£6.5m
Employees (average)	58	47
Ratios
Profit margin	20.1%	−45.4%
Gross margin	87.8%	95.3%
Revenue per employee	£486k	£306k
Profit per employee	£97.8k	−£139k
Growth (year on year)
Revenue growth	—	▼49.1%
Profit growth	—	▼215%
Headcount growth	—	▼19%
Balance sheet — indirect signals, not revenue
Cash at bank	£12.7m	£13.4m
Net assets	£12.7m	£13m
Fixed assets	£9.1m	£14.9m
Current assets	£13.8m	£70m
Debtors	£0	£0
Source	FullAccounts · bulk data Nov 2023	FullAccounts · bulk data Nov 2023

Derived from the latest filing

How the business works

Profit margin: −45.4%; Profit ÷ revenue.
Gross margin: 95.3%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £306k; Revenue ÷ average employees.
Profit per employee: −£139k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 103.8%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 0%; 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: ▲3%; Now £13m
Cash at bank: ▲5%; Now £13.4m
Headcount: ▼19%; Now 47
Deferred income: —; Now —
Fixed assets: ▲64%; Now £14.9m

Corporate ownership

Group structure

Subsidiaries (1)

Optimus Cards UK LimitedFigures not disclosed

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 2022 (profit −£6.5m), from the Companies House accounts bulk data published Nov 2023. 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.