How much does Flyform Ltd make?

Flyform Ltd reported revenue of £11.7m and £368k profit in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Flyform Ltd have?

Flyform Ltd reported an average of 67 employees in the year to 31 Dec 2024.

Is Flyform Ltd profitable?

Yes — Flyform Ltd reported a profit of £368k in the year to 31 Dec 2024.

Company No. 09735009 · Incorporated 16 Aug 2015

Flyform Ltd

Registered name: FLYFORM LTD

Part of Flyform Group Ltd group

Flyform Ltd made £11.7m revenue and £368k profit in the year to 31 Dec 2024.

Flyform Ltd’s revenue fell 22% to £11.7m in the year to 31 Dec 2024, with £368k profit and 67 employees. The company is classified under “information technology consultancy activities” and is based in Cardiff; we hold 3 years of its filed accounts.

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

Latest accounts · year to 31 Dec 2024

Key figures

Capital-light

Revenue

£11.7m

Growth ▼21.8%

Profit

£368k

Growth ▲247.1%

Profit margin

3.1%

Gross 33.1%

Employees

Change ▼6.9%

Profit / employee

£5.5k

Revenue/employee £175k

Profitable streak

3yrs

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 to	31 Dec 2022	31 Dec 2023	31 Dec 2024
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£15.1m	£15m	£11.7m
Cost of sales	£10.9m	£11m	£7.9m
Gross profit	£4.2m	£4m	£3.9m
Operating profit	£58.1k	£277k	£581k
Profit before tax	£16.9k	£184k	£503k
Profit after tax	£88.8k	£106k	£368k
Profit (best available)	£88.8k	£106k	£368k
Staff costs	£5.2m	£5.6m	£5.1m
Employees (average)	67	72	67
Ratios
Profit margin	0.6%	0.7%	3.1%
Gross margin	27.8%	26.7%	33.1%
Revenue per employee	£225k	£208k	£175k
Profit per employee	£1.3k	£1.5k	£5.5k
Growth (year on year)
Revenue growth	—	▼0.3%	▼21.8%
Profit growth	—	▲19.3%	▲247.1%
Headcount growth	—	▲7.5%	▼6.9%
Balance sheet — indirect signals, not revenue
Cash at bank	£864k	£1.4m	£861k
Net assets	£710k	£579k	£716k
Fixed assets	£198k	£169k	£150k
Current assets	£5.5m	£4.4m	£3.7m
Debtors	£4m	£2.1m	£1.6m
Deferred income	£107k	£258k	£1.3m
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Mar 2026

Derived from the latest filing

How the business works

Profit margin: 3.1%; Profit ÷ revenue.
Gross margin: 33.1%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £175k; Revenue ÷ average employees.
Profit per employee: £5.5k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 1.3%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 10.7%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 14%; 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: ▲24%; Now £716k
Cash at bank: ▼37%; Now £861k
Headcount: ▼7%; Now 67
Deferred income: ▲388%; Now £1.3m
Fixed assets: ▼11%; Now £150k

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

Flyform Group Ltdultimate parent75–100%
Flyform Ltdthis 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 2024 (profit £368k), from the Companies House accounts bulk data published Mar 2026. 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.