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Company No. 09686683 · Incorporated 15 Jul 2015

Bad Wolf Ltd

Registered name: BAD WOLF LTD

Part of Sony Group Corporation group

Bad Wolf Ltd made £40.7m revenue and £4.3m profit in the year to 31 Mar 2025. read from filing text

Bad Wolf Ltd’s revenue fell 57% to £40.7m in the year to 31 Mar 2025, with £4.3m profit and 40 employees. The company is classified under “television programme production activities” and is based in Cardiff; we hold 4 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 59113Television programme production activities
Status
Active
Location
Cardiff, Wales
Age
11 yrs · since 2015
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 company's immediate parent company is Sony Television Pictures Productions UK Limited, a company registered in England and Wales.”

Latest accounts · year to 31 Mar 2025

Key figures

Capital-light
Revenue
£40.7m
Growth ▼56.8%
Profit
£4.3m
Growth ▼59.2%
Profit margin
10.6%
Gross 23.6%
Employees
40
Change 0%
Profit / employee
£108k
Revenue/employee £1m
Profitable streak
4yrs
Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to31 Mar 202231 Mar 202331 Mar 202431 Mar 2025
DisclosureFull P&LFull P&LFull P&Lread from filing textFull P&Lread from filing text
Profit & loss
Revenue (turnover)£40.2m£117m£94.2m£40.7m
Cost of sales£28.8m£106m£78.9m£31.1m
Gross profit£11.4m£11.2m£15.3m£9.6m
Operating profit£1.5m£5.1m£9.8m£4.5m
Profit before tax£1.5m£7.1m£10.6m£6.1m
Profit after tax£1.5m£7.1m£10.6m£4.3m
Profit (best available)£1.5m£7.1m£10.6m£4.3m
Staff costs£10.1m£5.1m£5.4m£5.3m
Employees (average)38394040
Ratios
Profit margin3.8%6%11.2%10.6%
Gross margin28.4%9.5%16.3%23.6%
Revenue per employee£1.1m£3m£2.4m£1m
Profit per employee£39.9k£181k£264k£108k
Growth (year on year)
Revenue growth—▲191.7%▼19.7%▼56.8%
Profit growth—▲366.2%▲49.2%▼59.2%
Headcount growth—▲2.6%▲2.6%0%
Balance sheet — indirect signals, not revenue
Cash at bank£25.7m£835k£825k£109k
Net assets£17.6m£13.6m£23.8m£28.1m
Fixed assets£101k£58.7k£40.3k£22.3k
Current assets£126m£85.7m£108m£70.1m
Debtors£2.6m£37k£24.6m£2.6m
Deferred income£106m£70.2m£74.1m£35.5m
SourceAccounts · bulk data Dec 2023Accounts · bulk data Dec 2023FullAccounts · bulk data Dec 2024FullAccounts · bulk data Dec 2025
Derived from the latest filing

How the business works

Profit margin
10.6%
Profit ÷ revenue.
Gross margin
23.6%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£1m
Revenue ÷ average employees.
Profit per employee
£108k
Profit ÷ average employees.
Cash conversion
—
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
0.1%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
87.3%
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
6.4%
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
▲18%
Now £28.1m
Cash at bank
▼87%
Now £109k
Headcount
0%
Now 40
Deferred income
▼52%
Now £35.5m
Fixed assets
▼45%
Now £22.3k

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. Sony Group Corporation (registered outside the UK register)ultimate parent75–100%
  2. Columbia Pictures Corporation Limited75–100%
  3. Sony Pictures Television Production UK Limited50–75%
  4. Bad Wolf Ltdthis company

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

Subsidiaries (20)

Sister companies (7)

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 Mar 2025 (profit £4.3m), from the Companies House accounts bulk data published Dec 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.